Draymond Green Once Broke Down How He Taught Himself to Handle His $180 Million Contract by Starting With Just $850K: “I Want to Learn How to Pay Bills”
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Recently UNINTERRUPTED, a podcast founded by LeBron James and Maverick Carter, invited three-time NBA champion and one-time Defensive Player of the Year, Draymond Green. Maverick Carter sat down with Green to talk about his financial story and his journey from getting a first-year salary of $850,000 to getting a multi-million dollar contract.
In 2012, Green was drafted by the Golden State Warriors and he earned $850,000 dollars in his first year, which is a lot for a 22-year-old kid who has seen difficult times when he was young. But Green didn’t hire a professional to help him with money; he wanted to do it on his own.
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He later wanted to hire a professional who saw a bigger picture, someone who is not managing an NBA player’s money, but a billionaire’s money because it’s his goal to be a billionaire by the age of 40.
What did Draymond Green say?
Green said “ My first-year salary was $850,000… which is a lot of money… and you are in the top 1% in America. My first year I didn’t hire a financial advisor, I said I want to do it on my own, I want to know how to pay bills and how money works and if I screw it up, I screw it up because at the end of the day I am 33-years-old I can’t live the rest of my life off this 400 grand but I can teach myself about money.”
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Draymond also talked about the investment conversation between him and his teammates in the locker room. He said “ We are not only good at basketball but we have smart guys, we talk about our investments… some of the startups that we are trying to get into… it’s a friendly competition and it’s great to keep pushing guys in the right direction.”
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Draymond Green’s net worth
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Draymond Green has shown everybody his potential from being a bench player to becoming a key player in the Golden State Warriors’ 2015 NBA championship-winning team. He has a net worth of 60 million dollars.
He signed a four-year 99.6 million contract in 2019, and not only that, but he has invested in some big business ventures like SmileDirectClub. Green is also a founding member of 100K Ventures, an accelerator group that invests in early-stage companies in Flint, Michigan.
Edited by:
Veer Badani