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LinkedIn is a professional social media platform for normies, but now celebrities want in too. Stars like Ryan Reynolds and Gwyneth Paltrow are showing off their business side on the platform. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Reynolds's posts include promoting Mint Mobile and his other business ventures, such as ownership of Welsh soccer team Wrexham. He's not the only celebrity to do so with Mindy Kaling, Jennifer Lopez, and Gwyneth Paltrow also making an effort to blend into the professional world of LinkedIn.
Persons: Ryan Reynolds, Gwyneth Paltrow, Reynolds, I've, He's, Mindy Kaling, Jennifer Lopez, they've, Jenna Drenten, influencers, Richard Burton, Mark Borkowski, Daniel Roth, there's, Amobi Okugo, Raphaël Varane, Okugo Organizations: Service, LinkedIn, Mint Mobile, Mobile, Street, Welsh, Welsh soccer, Wrexham, Social, Twitter, Chicago's Quinlan School of Business, Financial Locations: Wall, Silicon
He listed three forms of passive income that are particularly popular with professional athletes after they've stepped off of the field. EndorsementsOkugo said that endorsements and brand sponsorships are the "biggest way" that former professional athletes make money after retirement. Venture capital and real estateOkugo said that many professional athletes also make more traditional investments in order to have passive income. Real estate in particular is increasingly more popular among retired pro athletes. Another thing that many former professional athletes like to get involved in, he said, is venture capital.
Amobi Okugo is a recent retired soccer player and founder of personal finance platform A Frugal Athlete. He said that there are a couple of "rookie mistakes" that many pro athletes make with their money. Okugo said he sees professional athletes make three "rookie mistakes" all the time. If you're making a lot of money, you feel like you have the luxury to spend a lot of money." That said, Okugo sees somewhat of an promising shift currently taking place.
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