NBA players are known to be extravagant and a chunk of them go bankrupt after retiring from the game. However, a few of them have built successful careers off the court. One such person is Vinnie Johnson, who was nicknamed the “Microwave” during his active years because of his ability to heat up off the bench.
He was first drafted by Seattle SuperSonics in 1979 and moved to the Detroit Pistons two seasons later. He won two championships with the Pistons and was the team’s longtime 6th option. For all his success on the court, Johnson amassed only $5 million in his 13-year career. However, what is unknown to many people is that he was an active investor, according to Basketball Network.
He founded Piston Automotive under Piston Group after he retired from the NBA and he has grown the business to become one of the largest auto parts suppliers in the United States. In 2019, Basketball Network reported that the company supplies all the big 3 in Detroit and known companies like Toyota, Honda, and Nissan.
The company recently secured a contract with General Motors to make cooling modules, front struts, center consoles, rear suspensions, headliners, and brake corners for the automaker’s Canyon and Colorado pickups.
With offices across America, Piston Automotive makes nearly $3 billion annually and employs over 200 people, Basketball Network reported. The platform reported that the NBA legend has an estimated net worth of $400 million following the success of his company and subsidiaries.
According to Celebrity Net Worth, Pistson Automotive is one of the world’s largest minority-owned businesses in the world. It has a presence in Michigan, Illinois, Ohio, Missouri and Kentucky.
In November 2022, Johnson announced a $10 million project to establish operations at a new factory in Wentzville, Missouri and it is expected to create 204 jobs.
“The new location will bolster Piston Automotive’s capacity for the assembly of modules for automotive interiors, exteriors, chassis, electrification, and powertrain,” a statement from the company said.
Anthony Madu, the 14-year-old Nigerian dancer from Lagos who gained admission to a prestigious ballet…
Actor-host Wayne Brady recently opened up about his early financial struggles in his now thriving…
Mia Arianna, also known as @mia.ariannaa on TikTok, helped her son become an honorary team…
Alvin Gauthier, a Grand Prairie USPS postman, recently went above and beyond to brighten a…
Maj. Gen. Fatuma Gaiti Ahmed is the first female commander of the air force and…
Benjamin E. Mays High School brought together its 272 senior class members for a meeting…
Afrika Owes' emotional response to learning that she had passed the bar exam on her…
A 49-year-old New York attorney was on April 26 sentenced to 10 years in federal…
During an appearance on The Jennifer Hudson Show on Wednesday, pop legend Cher opened up…
Authorities in Florida said an 11-year-old boy was accidentally shot and killed by his 14-year-old…
The famous Taylor Schlitz family is making headlines once more as the youngest of the…
Sony Pictures Entertainment has appointed Tahra Grant as its Chief Communications Officer. She replaces Robert…
Meet Ashley M. Fox, the founder of Empify and the first in her family to…
Tyra Banks, the iconic former host of Dancing With the Stars, has made a delightful…
A Brazilian woman named Érika de Souza, 42, is under investigation for manslaughter after authorities…