Report: Miami Heat Reserve Earned Big After Investing in Zoom – News

Andre Iguodala has an estimated net worth of $50 million. A big part of it comes from his salary as a professional basketball player and some of it comes from sound investments.

Iguodala currently plays for the Miami Heat in the NBA Restart in Orlando. He was an integral part of the championship run of the Golden State Warriors, even capturing the Finals MVP award. Drafted 9th overall by the Philadelphia 76ers in 2004, the small forward earned a reputation as one of the most exciting players to watch due to his dunking abilities.

After playing eight seasons in Philadelphia, he suited up for Toronto Raptors, Golden State Warriors and Memphis Grizzlies before becoming a Heat this season. The Springfield, Illinois native might have played his best as a player in the Sixers uniform after getting voted as an All-Star and making the Olympics roster but the highlight of his career happened in Golden State where he won three trophies after teaming up with Steph Curry, Klay Thompson and Draymond Green. 

The 2-time NBA All-Defensive Team member earned about $166 million in his career that spans 16 years. At 36 years old, time may not be on his side anymore and Iguodala could retire sooner than later. Fortunately, he has been preparing for this moment for quite some time now, making investments outside basketball particularly in tech startups. 

Unknown to many, he sits as one of the board of directors of Jumia, an online platform similar to Alibaba but focused on African consumers. According to TechCrunch, this is not the first time the athlete held executive positions as he was also part of the board of online clothing store Twice. So far, he has made investments in about 40 companies, per CNBC

His involvement in the industry made him the perfect choice as host of “The Players Technology Summit” in 2019. In the same year, Iguodala released a book entitled “The Sixth Man.” When asked what would he consider the most valuable investment he has made, the answer would have to be Zoom.

The defensive specialist invested in Zoom as early as 2018. With the pandemic forcing people to work from home, Zoom’s value skyrocketed because the app offers video calls needed for business meetings, catching up with friends and distance learning. The shares increased by as much as 150 percent since its IPO in March 2019. 

With millions already in the bank and a stable future boosted by investments in tech startups, Iguodala could retire in peace knowing he is already a winner on and off the court.

The post Andre Iguodala Net Worth: Miami Heat Reserve Earned Big After Investing in Zoom appeared first on International Business Times.

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