Professional athletes are not famous for their money handling abilities and many go broke. However, when David Robinson “The Admiral” left the NBA, left his career team, the San Antonio Spurs, he did something right!
This two time NBA champion kept up attitudes he held on the court. Diligence, intelligence and pragmatism!
And David Robinson’s net worth has exploded since he left the court and entered another arena. The world of Private Equity funds!
He started his group aptly named Admiral. The Admiral Capital Group is a private equity firm whose mission is to invest in opportunities that can provide both financial and social returns. according to Wikipedia.
His first fund made 24% for investors and partnering with an former Goldman Sachs investment fund his second fund launched with a $174 million target.
With all this hard work, David Robinson Net Worth is currently sitting at $90 million.
No small change! And an amazing inspiration for any athlete retiring from play.
David’s group say they are socially orientated but that’s not all he does. In his private life he has made a lot of charitable efforts, below is some information sourced from Wikipedia about these.
In addition to his lengthy NBA career, Robinson is also noted for his charitable work.
In 1991, Robinson visited with fifth graders at Gates Elementary School in San Antonio and challenged them to finish school and go to college. He offered a $2,000 scholarship to everyone who did. In 1998, proving even better than his word, Robinson awarded $8,000 to each of those students who had completed his challenge. In perhaps his greatest civic and charitable achievement, David and his wife, Valerie, founded the Carver Academy in San Antonio, which opened its doors in September 2001. To date, the Robinsons have donated more than $11 million to the school.
In March 2003, in recognition of his outstanding contributions to charity, the NBA renamed its award for outstanding charitable efforts in honor of Robinson. Winners of the NBA’s Community Assist Award receive the David Robinson Plaque, with the inscription “Following the standard set by NBA Legend David Robinson who improved the community piece by piece.” The award is given out monthly by the league to recognize players for their charitable efforts. Robinson is also the recipient of the William E. Simon Prize for Philanthropic Leadership.
In 2011, in recognition of his philanthropic efforts with the Carver Academy, Robinson received the Children’s Champion Award from the charitable organization Children’s Hunger Fund.
Respect for this man!