Star Athletes Score Big in Real Estate in 2024
While many star athletes are celebrated for their accomplishments on the field or court, several are proving they’re just as savvy off the field by capitalizing on lucrative real estate opportunities. In 2024, some of the most iconic names in sports ventured into real estate development, investments, and community-focused projects, further expanding their legacies.
Here’s a look at some standout athletes who made waves in real estate this year:
Floyd Mayweather Jr.: A Knockout in Real Estate
Known for his flashy lifestyle and undefeated boxing career, Floyd Mayweather Jr. has now entered the real estate ring with a splash. The former champion invested $100 million in equity alongside Go Partners to acquire a $3 billion luxury rental portfolio.
Additionally, Mayweather added a personal touch to his portfolio by purchasing the former Versace Mansion, now a luxury boutique hotel in Miami Beach. His investments also include affordable housing units in New York’s Morningside Heights and a stake in an $18-asset office portfolio valued at $10 billion.
“Money” Mayweather’s transition to real estate showcases his knack for high-stakes ventures, but as any investor knows, even legends can face challenges in this competitive field.
Jonathan Vilma: Tackling Affordable Housing
Former NFL linebacker Jonathan Vilma, known for his hard hits on the field, is taking on a new challenge: affordable housing. Teaming up with a church in Palm Beach County, Vilma proposed a 102-unit apartment complex alongside a new church building.
Vilma’s efforts highlight a growing trend among athletes using their platforms to address community needs, blending business acumen with social responsibility.
Mo Vaughn: A Veteran in Real Estate
Long before it became trendy for athletes to dabble in real estate, MLB star Mo Vaughn was already making an impact. As the co-founder of Omni America, a leading affordable housing firm, Vaughn has been transforming communities for years.
This year, Vaughn partnered with Hyperion Group to develop a 147-unit apartment building with ground-floor retail in Miami’s Little Haiti neighborhood, continuing his mission of providing quality housing in underserved areas.
Taj Gibson: Bringing It Back to Brooklyn
Veteran NBA forward Taj Gibson is embracing his Brooklyn roots through real estate. In July, Gibson launched GFB Development and unveiled plans for a transformative project in collaboration with Alloy Development. Located on Nassau Street, the project aims to bring economic revitalization to the heart of Brooklyn.
Even as Gibson wraps up his NBA career, his real estate endeavors signal a promising second act.
Athletes Redefining the Game
These star athletes are proving that their competitive drive extends beyond sports, with real estate becoming a new arena for success. From tackling affordable housing to creating luxury developments, their ventures demonstrate not just business acumen but also a commitment to giving back to their communities.
As 2024 comes to a close, these athletes remind us that success isn’t confined to stadiums or arenas—it’s about making a lasting impact in every field they enter.
