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Bobby Wagner Urges Athletes To Learn The Business Of Their Sport | Forbes
Posted
January 12, 2020
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January 12, 2020
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2:26Now PlayingSeattle Seahawks linebacker Bobby Wagner is one of the NFL’s brightest stars, known for his shrewd reads of opposing offenses. The 29-year-old was a second-round draft pick in 2012 and helped the Seahawks win the Super Bowl in 2013. Considered by some a future Hall of Famer, Wagner finished fourth in the NFL with 138 tackles last season and leads the league this year with 129.
That on-field success was just the beginning. This summer Wagner negotiated his own $54 million, three-year contract with the Seahawks, making him the highest-paid middle linebacker in the league. The deal not only upended the narrative that athletes can’t manage their own careers—or their finances—but also set him up with tens of millions of dollars in future cash flow earmarked for his own long-term wealth creation.
While on the lookout for more big-hit venture investments, he’s staying disciplined. The bulk of his earnings go into safer investments, with about 90% in a portfolio of stocks, bonds and index funds, with the balance used for further startup bets. Last year Wagner joined the likes of Diddy, Shonda Rhimes and Durant as investors in Andreessen Horowitz’s Cultural Leadership Fund, which is made up of African American leaders outside Silicon Valley and donates all profits to organizations promoting diversity in tech. The fund contains investments in startups ranging from camping marketplace Hipcamp to Lime scooters.
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