Newscenter Media News Renowned Nigerian-British boxer, Anthony Joshua, has advised sports and entertainment personalities to shift their focus from fame to building sustainable businesses if they ever aspire to billionaire status.
Sharing his thoughts via Snapchat over the weekend, Joshua emphasized that relying solely on careers in sports or entertainment is not enough to reach such financial heights.
Instead, he urged players in these industries to embrace financial literacy and prioritize long-term wealth-building strategies.
“For anyone to reach billionaire status, it will not be through sports, music, or entertainment,” he wrote.
“Don’t get lost in the hype; focus on sustainability, books, and business ethics.”
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While the sports and entertainment industries undoubtedly offer lucrative opportunities, history shows that only a handful of individuals in these fields have achieved billionaire status.
Interestingly, many of them reached this milestone through savvy business investments and endorsements rather than their primary careers.
According to American business magazine, Forbes, global icons like Jay-Z, Rihanna, Taylor Swift, Tiger Woods, Michael Jordan, and LeBron James have earned billionaire status.
However, their fortunes come largely from business ventures such as brand endorsements, product lines, and ownership stakes in companies.
Joshua’s message serves as a wake-up call for young entertainers and athletes to look beyond the spotlight.
He highlights the importance of diversifying income streams, understanding business principles, and investing wisely to secure lasting wealth.
Meanwhile, Joshua is said to have a net-worth of around $83million (£64m) in 2024 alone, according to Forbes.
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