Chris Paul used his $160 million net worth to setup a $100 million fund investing in an alcohol business, like LeBron James

Chris Paul

Chris Paul is one of the best point guards to have ever played the game, but he’s also a great businessman off the court, just like LeBron James.

No matter what team CP3 joins, they always seem to improve. He took the New Orleans Hornets to the playoffs after around three years in the league, and then when he was traded to the Los Angeles Clipppers, he made them dark horse contenders in the Western Conference for a solid while.

CP3 along with Blake Griffin and DeAndre Jordan created ‘Lob City’, bringing excitement to a team that hadn’t had much to root for the longest time.

Then, when he was traded to the Houston Rockets, he immediately helped take them to the Western Conference Finals and a franchise record 65 wins. The Rockets almost knocked off the invincible Golden State Warriors as well, taking them to game seven, a game many people felt they would have would have won if Paul hadn’t been injured.

Then, when the Thunder acquired him, Paul took a team that was slated to have less than a 1% chance to make the playoffs to seven games against the Houston Rockets in the first round of the bubble playoffs. With the Suns, Paul has turned Phoenix into a championship contender, with them reaching the Finals last year and winning 64 games and finishing with the one seed this year.

Also Read: “The Warriors championship has an asterisk for playing against the fraudulent Celtics”: Skip Bayless dismisses Stephen Curry and co.’s title while hating their championship parade

Chris Paul helps set up a $100 million fund for La Fête

In Janurary of this year, Paul decided to add to his portfolio by joining the La Fête company. La Fête is a wine company, and they’ve definitely grown through Paul’s help.

The brand is geared towards drinks from all different backgrounds and looks to help out other African American and minority-owned businesses selling alcohol.

In fact, with Paul’s help, La Fête was able to secure an investment from Constellation Brands Ventures in their goal to raise $100 million for such businesses.

Just like his friend LeBron James, CP3 decided to go the alcohol way. Of course, LeBron is a big investor and supporter of the brand Lobos Tequila which he’s often advertised on his Instagram. Chris Paul wants to stay big in the game, and this is just one of his investments.

Also Read: “Steph Curry cannot defend, has a frail frame, and bad shot selection”: When scouts got the 2022 NBA Finals MVP completely wrong with their reports prior to 2009 NBA Draft

Post Edited By: Ashish Priyadarshi
Chris Paul LeBron James NBA Phoenix Suns

About the author

Ashish Priyadarshi

Ashish Priyadarshi is The SportsRush's content manager and editor. Ashish freelanced for 1 year in the NFL division before taking on an editorial role in the company. He then tacked on managing content while adding on a writing role in the NBA division. Ashish has been closely following the NFL and NBA since the 2012 season when the Patriots lost the Super Bowl and Derrick Rose was at the height of his powers. Since then, Ashish has focused on honing his knowledge for both leagues in, even writing crossover pieces. In his free time, Ashish is an avid basketball player, he loves to watch movies and TV shows, immersing himself in the cinematic world. Ashish studies computer science and data science at the University of Wisconsin-Madison and would love to mesh his love for sports with his technical skills.

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