Ndamukong Suh Kicking Assets of Tampa Bay, encourages athletes to invest – Sportico.com

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Ndamukong Suh has spent the past twelve years as an NFL defensive tackle, terrorizing quarterbacks and punishing linemen who stand in his way.

A five-time Pro Bowler, he could one day be inducted into the Pro Football Hall of Fame.

But while he’s grateful to have put together a successful career, earning more than $165 million, the Buccaneer lineman wants to leave a legacy bigger than his football accomplishments. That’s why, on his free days, he spends time answering business calls and listening to investor presentations.

“I always wanted to be more than a football player,” Suh, 35, said in an interview. “I’ve always had a passion to be more successful off the pitch than I was on the pitch. I have a great task ahead of me to eclipse this.

Known for his aggressive style of play and once voted the league’s dirtiest player by his peers, Suh has recently earned a reputation as a thoughtful athlete-investor who isn’t shy about sharing financial advice or posting a thread. insight into health. lifestyle changes on Twitter.

Suh jokingly quotes NBA great Charles Barkley as not being a role model, but he hopes his strategic investments can inspire the next generation of athletes.

“I think at the beginning of your career, when you’re comfortable and you feel like you have a solid understanding and you’re making the (right) investments, to see the momentum, it’s up to you. that’s when you create generational wealth,” he said. “It’s something guys should want to establish as they build their careers.”

The fact that the next generation of Suhs, namely his nine-month-old twins, can live off his football earnings, hasn’t deterred the proud dad from building up an extensive investment portfolio that includes venture capital, hospitality, technology and cryptocurrency. .

Suh thinks beyond her family and friends as she leads Alberta Alley, a development space focused on promoting Black business owners and business owners of color. A board member of Ballantyne Strong (NYSE:BTN), he also works with high-end companies Andreessen Horowitz and General Atlantic.

Suh is representing himself in NFL contract negotiations, and While he’s grateful that his performance on the pitch has helped his visibility, he wants his place in the boardroom to reflect his business acumen and knowledge. It is part of the macro trend of active athletes, including Tom Brady, LeBron James and Serena Williams, among others, who build strong investment portfolios, those that go beyond basic agreements and ambassador agreements.

Tracy Deforge is the co-founder of Players Impact, a venture capital platform for over 500 professional athletes that has collectively invested over $20 million over the past five years. Deforge believes that more and more of today’s athletes are waking up to the idea of ​​not just supporting a business through Twitter, for example, but also getting a stake in a business and finding ways to generate passive income before retirement.

Seton Hall professor Charles Grantham, who is the former executive director of the NBA Players Union, understands that most business ventures come with risks, but thinks athletes are simply wiser today and do better judgments with their money.

“Education is always the cornerstone,” said Grantham, who believes technology and social media have also helped drive the trend over the past decade.

As the NFL continues to provide early advice and support to rookies, encouraging them to hire financial advisors, Suh urges the guys in the locker room to go beyond that and seek out information that will empower them financially. long-term security, especially since the average NFL career lasts three and a half years.

Suh thinks his success comes from his sheer curiosity, being active and asking questions, starting with the ones he threw at his parents as a child and the ones he asked later after he broke up. befriended influential executives like the chairman of Berkshire Hathaway (NYSE: BRK.A) and his colleague. University of Nebraska alum – Warren Buffett and Sun Communities CEO Gary Shiffman whom he met during his playing days in Detroit. Unlike countless first-rounders who came before him, the former No. 2 overall pick has always recognized that his time on the grill is limited and has taken action accordingly.

At this point in his NFL career, Suh is considered an “elder” in the locker room, a term that denotes age and wisdom. He is fine with aging out of the game and aims for a legacy more about creating wealth for others and less about punishing opposing players.

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