After becoming a dominant player in the NBA, Giannis Antetokounmpo is now attempting to have a similar level of success in business.
The U.S. Sun has uncovered that the two-time MVP is diversifying his already excellent investing portfolio with the millions of dollars the Milwaukee Bucks pay him.
5Giannis Antetokounmpo has built an impressive business empire, which includes part-ownership of MLB team Milwaukee BrewersCredit: Youtube/Milwaukee Bucks
5The Milwaukee Bucks star and his brothers also own stakes in the MLS club Nashville SCCredit: Getty
5Giannis has featured in commercials for some of the biggest brands in the US, including T-Mobile and GoogleCredit: X/Giannis_An34
The 28-year-old Antetokounmpo, who last month inked a three-year, $177.1 million maximum contract with the Bucks, has already profited from his widespread recognition and notoriety.
In an attempt to take on Apple in the smartphone market, Google has enlisted the 6-foot-11 forward as the face of its new Pixel phones.
The Greek celebrity has collaborated with Nike on his own shoe line, the Zoom Freak, and has appeared in advertisements for other well-known companies like T-Mobile, JBL, and Breitling.
Together with his brothers Thanasis, Kostas, and Alex, Giannis has launched a number of businesses that are overseen by the recently established Ante, Inc. firm.
The Antetokounmpo brothers own stakes in teams in Major League Baseball (MLB) and Major League Soccer (MLS), among other sports.
They recently launched the AntetokounBros apparel store at Milwaukee’s Trade Hotel and purchased stock in the Canadian candy company Candy Funhouse.
Ante, Inc. recently acquired a share in Hellenic Wineries, a holding company that owns a significant Greek wine manufacturer, BOUTARI Wineries, extending Giannis’ corporate empire across the Atlantic.
The seven-time NBA All-Star is still expanding his resume.
According to The U.S. Sun, Antetokounmpo has been considering assets around Europe, including real estate, farming, and additional forays into the wine business.
“Scouting of some houses and properties has been done, and we know that Antetokounmpo’s family is looking for somewhere quiet, where they can spend their holidays and free time not being surrounded by a lot of people and in privacy,” according to a source.
According to the source, Giannis was drawn to a number of properties, including opulent mansions in Lisbon, the capital of Portugal, and the Algarve region.
Others were in Italy, in Lake Como on the outskirts of Milan, and in Spain, in the Andalusia region, the city of Marbella, and the Baleares islands.
The U.S. Sun examined the postings and found that the identified mansions ranged in price from $2.2 million to $7.7 million.
According to a second source, Antetokounmpo has also looked at real estate in his home country of Greece, where he already has a home on the island of Mykonos.
The source also stated that the Bucks star has been counseled to think about buying an island in the Cyclades or Aegean, in addition to making more investments in Mykonos, Athens, or other parts of the nation.
“Buying an island for someone like him could be very interesting as he loves privacy and not really being surrounded by a lot of people during his holidays,” according to a source.
“When you own an island, you can be isolated from the rest of the world, which is great for people that don’t want to be too much in the middle of crowds.”
According to a third source, Antetokounmpo’s group has also expressed interest in organic farming and the food sector as a whole.
According to the source, in response, the NBA forward’s advisors were given the chance to make investments in wines in the Italian areas of Emilia-Romagna and Tuscany.
Listings of farms and estates in southern Europe that produce and market products like cheese, olive oil, fruits, and vegetables were also sent to them.
“As an athlete and someone who is very aware of healthy food and produces, we tried to focus on things that are known for him — Greek products like cheese or olive fields — as those are always going to be profitable businesses,” said a source.
“But most importantly, businesses that give importance to the protection of the land and the environment by not using pesticides and being organic.”
In 2013, the Bucks used the fifteenth overall pick to choose Antetokounmpo.
He made it to the NBA despite his humble upbringing, which saw him and his brothers help their mom sell knock-off bags and sunglasses on the streets of Athens before they took up basketball.
Giannis started playing pro hoops at Filathlitikos in the Greek third tier, eventually attracting significant interest from the majority of NBA teams.
Alongside Thanasis, he and the Bucks won the NBA championship in 2021.
A year earlier, Kostas triumphed with the Los Angeles Lakers in the Orlando bubble, becoming the first of the Antetokounmpo bros to get a championship ring.
5Antetokounmpo’s business ventures saw him launch his own shoe line, the Zoom Freak, in partnership with NikeCredit: Instagram/giannis_an34