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$260 million worth Carmelo Anthony’s $500K investment that helped him cash out 800-1000%

Veteran NBA forward Carmelo Anthony’s net worth of $260 million boasts investments in various industries including Avatar, hospitality and media.

carmelo anthony One of the best comeback NBA stories of recent times. A top 10 scorer of all time, Melo was forced to retire in 2018 and no team in the league would bet on him. Despite this, the former scoring champion always believed in his abilities.

Anthony finally ended up attempting redemption with the Trail Blazers after sitting for the entire post he never looked back. I was a victim of politics, given that I lost my job over the selection of all six NBA teams.

Having played 19 seasons in the league, Anthony has made a mark for himself. A 10-time All-Star who made $260 million from his mere salary, Melo was one of the famous faces and big brands wanted him on board. Many people don’t know that the 38-year-old is a very savvy businessman.

Also read: Carmelo Anthony illegally lost $2 million and took financial matters to court

The former Knicks superstar has several business ventures to his name and is also an angel investor.

Carmelo Anthony’s staggering net worth breakdown.

The first athlete to sign with Jordan Brand, Anthony is one of the most popular names in the advertising industry associated with brands such as Panini, Footlocker, PowerCoco and Isotonics. Under the name of No.7, we are developing various businesses from media production to wine.

Melo’s top four investments are:

The veteran forward received top pay from a phone accessories company called Mophie. In 2007, Melo made her $500,000 angel investment and earned a return of 800-1000%. Apple has its own products and Zagg bought them for his $100M+.

Anthony, the inaugural winner of the Kareem Abdul-Jabbar Social Justice Champion, donated over $5 million to the education sector.

Also read: Carmelo Anthony reveals Michael Jordan’s favorite shoes and his design process.

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