Monday, May 11, 2009

Ulysses Bridgeman, Jr. One Of The Richest Black Americans!

Ulysses Bridgeman, Jr. was known as Junior Bridgeman when he played in the NBA for the Milwaukee Bucks. Bridgeman quietly parlayed his basketball career into becoming one of the richest Black Americans. He's listed as one of the top 20 "Richest Black Americans" and Forbes describes how he built his wealth:

Bought five Wendy's franchises to generate income while planning his next career. Today controls 161 Wendy's and 118 Chili's restaurants. Total payroll: 11,000 managers, cashiers and cooks. Sales of holding company Manna Inc. in 2008: $530 million. Sits on board of PGA. Also owns small stake in Milwaukee soda bottler Black Bear Beverages.

Bridgeman Jr. who is now 55, accomplished this when players weren't making what they make today. He should give a class to today's athletes on wealth building, so that they can be prepared when the cheering stops.

149 comments: