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How Vinnie Johnson turned his NBA career into a billion-dollar empire

The Detroit Pistons are a team in the NBA. The reason why the name is “Pistons” is because the city is also known as the Motor City (Motown). Vinnie Johnson once played for the Pistons. He started to do business after retiring. Maybe he didn’t have a professional basketball career that will be praised by future generations, but he is a successful superstar in the market, with a personal worth of up to 420 million US dollars. His story is often seen in business magazines, and today I record it and share it with you who love basketball.

In the late 1980s, the Pistons were not popular because of their fierce physical confrontation style. Even so, they still won two championships. Vinnie Johnson in the lineup was nicknamed “Microwave” (Microwave), and he was the bench at critical moments of the game. thug. He started his career with the Seattle Supersonics in 1979. Two years later, he moved to the Pistons and helped the team win the championship. He retired from the San Antonio Spurs in 1992. He scored 11,825 points, 3,212 assists, and 3,109 rebounds in his career. He is the only individual award It was the rookie year and entered the AP Second Team All-American (Second team All-American).

How much money can a little-known second-tier player make? Vinnie Johnson earned $6 million in his 13-year career. If compared with today’s tens of millions of contracts, this figure is not impressive. However, this is not the case for Vinnie Johnson. He made full use of his influence to create changes beyond the value of basketball. In 1995, he founded the “Piston Group” to provide packaging materials for car manufacturers. In 1996, he started with the interests of Detroit citizens. , to build Piston Automotive to provide employment opportunities, and a few years later it became the largest auto parts supplier in the United States. The company is currently worth nearly 3 billion US dollars.

Today’s Piston Automotive is a parts supplier for the Detroit Big Three, and also works closely with Japanese automakers Toyota, Honda, and Nissan, with locations in Michigan, Illinois, Ohio, Missouri, and Kentucky. According to Celebrity Net Worth, the parent group Piston Group can generate $2.8 billion in annual revenue, and the rest of the brands, including Irvin Products and Detroit Thermal Systems, are also profitable.

Our general stereotype of NBA players is that they dress in hip-hop, wear gold and silver, go in and out of luxury and spend money like water. However, there are still many model students who are hardworking and have good intentions. They may not earn superstar salaries in their careers, but they know how to make progress and set goals early. Vinnie Johnson’s NBA career ended very early, but relying on the correct business vision and hard work, he will achieve dozens or even hundreds of times of wealth in the future.

2023-05-08 02:31:15

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