Junior Bridgeman shows more and proves how young talent can be persisted with, and how one can work extra hard to make a product unique on the market. Originally joining the Milwaukee Bucks basketball team, Bridgeman was paid roughly $2.95 million over 12 seasons. Unlike today’s NBA stars, he never earned more than $350,000 a season. So, Bridgeman constructed the business with a turnover of nearly $600 million, which puts him on the list of the richest former athletes.
Transition to Business
In 1987, Junior Bridgeman retired and consequently bought five Wendy’s franchises located in Milwaukee. He worked closely with all aspects of the fast-food company and thus he earned the necessary experience. Indeed, it was a result of his hard work as he increased his chain division companies to more than 450 Wendy’s and Chili’s restaurants all over the country. Bridgeman also expanded in other sectors, a bottler of Coca-Cola and also Black media, Ebony and Jet magazine.
Financial Literacy Advocate
Thus, Bridgeman’s case is quite optimistic in comparison with the numerous chronic financial difficulties observed in many retired athletes’ lives. Unfortunately, numerous students’ portfolios have been caught in the dramatic decline in such shares due to the inability to avoid disastrous investments and failure to diversify their stock holdings.
Bridgeman has been among the most vocal individuals encouraging the improvement of the understanding and management of financial assets. He has been privileged to teach NBA rookies and also the experienced players, issues touching on financial responsibility. His work has shed light on the problems of improper financial behavior of athletes who usually get into different dubious projects and the schemes of some swindlers.
Lasting Impact
Bridgeman’s transition from just a basketball player in the NBA to a successful businessman is a perfect example of what anyone can achieve if there is so much determination and perfect planning. This means that apart from creating wealth, he is remembered for the knowledge that he imparted to generations, regarding wealth creation and responsible business.
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