5 April 2022
One can say that David Robinson has lived the American dream. Robinson was able to make a couple of notable achievements in his lifetime, such as serving his country, becoming a professional basketball player, and securing two Olympic gold medals.
For all these things, `The Admiral’ quickly became a respectable name which earned him his well-deserved wealth and fame.
Robinson’s Productive Career after NBA Retirement
Robinson’s momentum of success never once wavered. Even after his playing years on the NBA court had long been over, he still managed to make better of his retirement.
The renowned Hall of Famer was able to make a whopping $118 million throughout his 19-year basketball career. He earned his peak salary from 1998 to 1999 with a $14.8 million career-high amount, which may seem small if you compare it to the salary standards of the modern NBA.
However, Robinson’s knack for investments has made him a highly smart businessman, which is why he was able to convert that small fortune into a firmer and more robust one.
Post-retirement, Robinson established Admiral Capital, an incredibly successful private equity under his name. Celebrity Net Worth states that the fund has raised a skyrocketing $115 million amount after its launch in 2007. However, this doesn’t only stop there. Robinson’s own company then took off to new heights, going on to acquire $350 million worth of assets in real estate. He also started a new fund recently in 2015 with $175 million as the initial fundraising goal.
Since then, Robinson has become a full-fledged philanthropist, financial advisor, and venture capitalist. He is also The Carver Academy’s founder in San Antonio, where he had already contributed more than $10 million to the community and the TCA in hopes of creating a more inspiring and nurturing academic environment.
Beyond this, he also served as a USAA Federal Savings Bank board member and is a part of the United States Naval Academy Foundation and Centerplate board committee, one of the country’s top food-service entities and providers.
While there’s more to be gained from investing in real estate, that didn’t hinder Robinson from the opportunity of investing in the very same league that gave him his millions.
That being said, the Admiral has bought off a 1.88 percent of the equity stake in the NBA team San Antonio Spurs, which is estimated to be worth approximately $1.8 billion nowadays.
Apart from being one of the most well-achieved and respectable NBA Hall of Famers, David Robinson can also be considered a part-owner of one of the most successful franchises in the NBA league.
Beyond Robinson’s on-court successes, he was also majorly known as a noteworthy investor, having been built up an impressive financial portfolio. Since his retirement in 2003, Robinson has been making his way through smart business deals and investments.
Who Is David Robinson?
David Robinson is a former American basketball player under the San Antonio Spurs team in the National Basketball Association (NBA). He was famously given the nickname of `The Admiral’ due to his noble service in the US Navy, which he carried throughout his career.
Not only that, but he also coveted a string of achievements during his playing years. A 10-time NBA All-Star awardee, Robinsons was also hailed the NBA MVP in 1995, a two-time champion of the NBA between 1999 and 2003, and a two-time Olympic gold victor.
However, before becoming a household name and legend in NBA, Robinson first gained traction as a basketball star player at the United States Naval Academy.
This was, to him, a surprise since he had never experienced playing organized basketball until his senior high school years. Even so, Robinson still grew to become one of the most dominant basketball players in the history of the Naval Academy.
This was when he started taking over the college basketball scene, averaging 23.6 points, 2.0 blocks, and 11.6 rebounds. He then followed this up with two flawless seasons, wrapping up his college career by earning the prestigious National College Player of the Year Honor and Colonial Athletic Association’s Player of the year consecutively for three years.
After this, he made his journey towards the NBA playing field, which only made him larger than he ever was before.
Robinson’s recognitions and achievements have made him a two-time inductee of the Naismith Memorial Basketball Hall of Fame. He was first inducted in 2009 for his solo career, and another one in 2010 as a part of the United States Olympic basketball team in 1992.
Apart from that, he was also honored and considered one of the league’s greatest players of all time by being named during NBA’s 50th Anniversary and the 75th Anniversary Teams.
Until now, Robinson’s reputation is owed to him being one of the most formidable centers, not only during his college basketball years but over the course of NBA history.