NBA stars are no longer restricted to their on-court positions or held back in any way. The traditional era in which athletes would only represent their teams while collecting a paycheck is long behind.
Stars in the NBA today have come to understand how crucial it is to plan for the future after their playing days are over. As a result, a large number of them have deposited their profits in a variety of industries.
Getting involved in the alcoholic beverage sector appears to be the most prevalent trend that has developed recently regarding investments and portfolios.
We’ll now take a look at a few of the top celebrities that launched their alcoholic beverage brands with great success.
Stars who have their alcohol brand and brand
LeBron James: Lobos Tequila
Cincoro Tequila, Michael Jordan
Yao Family Wines, Yao Ming
Digits Bourbon for Scottie Pippen
Dwayne Wade’s Wade Cellars
Details
LeBron James: Lobos Tequila
With the second-most points ever scored by a player, LeBron James is one of the best basketball players in history. He won the award four times and helped the Miami Heat win two championships as well as one each for the Cleveland Cavaliers and Los Angeles Lakers.
James has business relationships with Nike, Coca-Cola, and Verizon in addition to producing television series. He added Lobos Tequila to his portfolio of companies in 2020.
Cincoro Tequila, Michael Jordan
On the short list of all-time best basketball players is Michael Jordan. He joined up with four other owners to launch Cincoro Tequila, a super-premium brand that is now owned by the majority of the Carolina Hornets.
Yao Family Wines, Yao Ming
Yao Ming became the first basketball player of Chinese descent to be admitted to the Basketball Hall of Fame. Yao started his Napa Valley winery after retiring. It has produced cabernets, and The Wine Advocate praised its restraint.
Digits Bourbon for Scottie Pippen
Scottie Pippen was a small forward with the Chicago Bulls for 17 seasons and contributed to their six championships. Digits Bourbon, which features Pippen’s hand on the bottle, is the result of a partnership between Pippen and Dave Phinney, owner of the Savage & Cooke Distillery in Napa Valley. The five-year-old mature bourbon is bottled at 92 proof.
Dwayne Wade’s Wade Cellars
The majority of Dwyane Wade’s 16-year career was spent with the Miami Heat, where he was a 13-time All-Star and won three NBA championships.
Wade and the renowned winemaker Pahlmeyer family joined forces to become Wade Cellars in 2014.