Professional athletes have made more money than the average American for a long time, but their salaries have shot up big time in recent years.
The Green Bay Packers’ Aaron Rodgers, for example, is the NFL’s highest-paid player set to make nearly $60 million next season. Joe Burrow, the Cincinnati Bengals’ young gun quarterback, signed a four-year $36 million deal. The NBA’s Blake Griffin and tennis star Sloane Stephens all rake in millions each season – and share one unique thing in common.
They’re clients of Patricof Co, the investment firm led by Mark Patricof, who wants to help these ultra-rich athletes change their capital game by picking smart stakes.
Recently, Patricof put some investments into Iowa farmland. Stocks and bonds are part of the athletes’ portfolios as well, according to the founder, who also named stocks from hot sauce brand Cholula to SpaceX.
Read more here: https://www.foxbusiness.com/sports/rich-sports-starts-change-money-game-athlete-investor-patricof
