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Amar’e Stoudemire looking to invest in tech companies

Former Knicks and Suns center, Amar’e Stoudemire, is happy in Israel. Playing for a team that he even partially owns, Stoudemire distanced himself from all the criticism that he endured in the US. However, he is not only thinking about basketball.

The six-time All-Star is also active in investments and speaking with possible business partners. Stoudemire spoke to Diamond Leung from SportTechie about his involvement in the technological business.

“I’m very active in the tech space,” Stoudemire said. “I’ve been meeting so many people and talking (about) so many innovative ideas that I’ve been dealing with and speaking with, and I’m starting to learn more. I’d like to study a little bit more before I get involved, but right now I’m studying different companies that I’m interested in. And once I gain more knowledge and understand it, then I’ll be able to invest or even bring some sweat equity to the situation.”

Stoudemire also added how much playing in New York helped him enter this world.

“Playing in New York, I met so many friends. A lot of my friends are engineers and in college and now graduating college that are in the tech space,” Stoudemire said. “So I’ve been learning a bit from my friends. Now living in Israel, going to seminars and doing keynote speaking, and now here in New York, I’ve been able to really gain a lot of knowledge in the space.”

The former 9th pick in the 2002 NBA Draft has made a lot of money in the NBA. Just from contracts alone, Stoudemire made $167 million, and when taking into account all the advertisement deals, that figure rises to incredible heights. However, a lot of players spent or lost all their money, however much they had, and Stoudemire is very smart to invest.