"Money makes money faster than people can" - Giannis Antetokounmpo on the launch of his sustainable investment fund
Giannis Antetokounmpo is one of the top talents in the NBA. The Milwaukee Bucks star recently teamed up with Calamos Investments CEO John Koudounis to create an investment fund aimed at making investing more accessible. In addition, 10% of the profits will go to charities aimed at improving financial education.
The two-time NBA MVP appeared on CBS Mornings to discuss the partnership, stating:
"I just want to create access for people, help people as much as I can to educate them and try to teach them about financial literacy. I think it's very important. It's something that unfortunately growing up I didn't have nobody to sit me down and teach me how to invest my money and guide me through my own journey."
Giannis Antetokounmpo added:
"My father never taught me about investing because he didn't know. Now, it's the number one thing that I'm going to teach my kids. I want my kids before they even get their first dollar to know how to make a dollar into two. Why just do it to my kids? How can I give people access to be able to invest? Money makes money faster than people can."
Check out Giannis Antetokounmpo's full appearance on CBS Mornings below:
Antetokounmpo has earned $190.5 million in his ten-year playing career. The seven-time All-Star remains under contract through 2025-2026. If he exercises his player option in that season, he will earn $146.4 million over the next four seasons. Antetokounmpo will be just 30 years old in the summer of 2025 so it is likely that he will receive at least one more massive payday.
How has Giannis Antetokounmpo performed this season?
Giannis Antetokounmpo has once again performed at an MVP level in 2022-2023. The Milwaukee Bucks star is averaging 31.1 points, 11.8 rebounds, 5.6 assists, 0.8 steals and 0.8 blocks per game while shooting 55.0% from the field in 61 games played this season.
Antetokounmpo appears likely to be among the finalists to win his third career MVP award, alongside Nikola Jokic and Joel Embiid. Furthermore, the Bucks are an NBA-best 55-22 this season. Milwaukee is just 1.5 games ahead of the Boston Celtics for the best record in the league and home-field advantage throughout the postseason. The Bucks' current odds to win their second championship in three seasons sit at +310, the best mark in the NBA.
Check out Giannis Antetokounmpo's highlights from 2022-2023 below: