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Benzinga
Benzinga
Business
Eric McConnell

NBA Star Giannis Antetokounmpo Thought Spreading His Salary Across Multiple Accounts Was the Best Way to Go—Marc Lasry Showed Him Smarter Investments

Thessaloniki,,Greece,-,May,22,,2016:,Giannis,Antetokounmpo,(player,Milwaukee

NBA All-Star Giannis Antetokounmpo has a strong investment portfolio, but that wasn't always the case. When Antetokounmpo was a young player, he thought spreading his NBA salary across half a dozen different banks to get Federal Deposit Insurance Corporation protection was the best way to safeguard his wealth.

Fortunately for Antetokounmpo, his boss, Milwaukee Bucks owner Marc Lasry, showed him how to build a diverse investment portfolio that he could rely on both during and after his career. Antetokounmpo's original method of wealth-protection may have been unorthodox, but it showed that he was already thinking about his life after basketball. Business Insider profiled how Lasry helped Antetokounmpo mature into an experienced, knowledgeable investor.

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