July 26th 2024.
Junior Bridgeman is a former basketball player, known for his time with the Milwaukee Bucks and the Los Angeles Clippers. After retiring from the NBA in 1984, he turned his focus to the business world and has since become a highly successful and wealthy entrepreneur. His story serves as an inspiration to many, as he has proven that with hard work and smart investments, one can achieve financial stability and leave a lasting legacy.
Bridgeman's NBA career may not have been superstar-level, but he was highly respected as an excellent sixth man. However, it was his post-NBA ventures that truly set him apart. As reported by ESPN, his journey as a businessman began while he was still playing for the Bucks. He was given the opportunity to invest in a cable television company by team owner Jim Fitzgerald, and his initial investment of $150,000 turned into a payout of $700,000 just five years later. This was the start of Bridgeman's successful business career.
Following this early success, Bridgeman ventured into the restaurant industry and purchased several Wendy's franchises, which proved to be a lucrative move. But even after his official retirement from the NBA, he remained involved in the world of basketball. He joined the NBPA in their efforts to educate young players on financial literacy, in hopes of preventing them from facing financial ruin due to mismanagement of their wealth.
Bridgeman's achievements in the business world have been widely recognized and admired. As the CEO of Manna Inc., the company that oversees his franchise empire, he has been named to the BE 100s, a list of top Black-owned businesses. He has also made moves outside of the food industry, including an attempt to purchase Sports Illustrated in 2018. Although he ultimately withdrew his bid, it was a testament to his ambition and desire to continue expanding his business ventures.
In 2020, Bridgeman made headlines once again when his company, Bridgeman Sports and Media, successfully bid on Ebony Media's assets for $14 million. This was a strategic move to further secure his financial stability and leave a legacy for his children. Speaking of his children, Bridgeman has made sure to pass down his knowledge and wealth to them. His daughter, Eden Bridgeman Sklenar, now serves as the CEO and owner of Ebony and Jet's parent company, 1145 Holdings, LLC.
Overall, Junior Bridgeman's story is one of hard work, determination, and success. He has proven that with the right mindset and opportunities, anyone can achieve financial stability and build a legacy that extends far beyond their own lifetime.
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