Larry Fitzgerald Jr., known as one of the greatest wide receivers in the history of the Arizona Cardinals and the NFL, has not only left an indelible mark on the football field but has also made impressive strides in the realm of real estate. A notable investment that stands out is when Fitzgerald made an impressive profit of $15 million through a strategic real estate deal.
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Fitzgerald had a remarkable career in the NFL, amassing a staggering fortune of over $180 million while playing. However, his success extends beyond the football field. Alongside his exceptional receiving abilities, he is also recognized for his shrewd business acumen and wise investment choices, which have contributed to his status as a successful entrepreneur.
Larry Fitzgerald’s 500% Profit From Paradise Valley Property
In 2015, Fitzgerald Jr. acquired a magnificent mansion nestled in the prestigious Paradise Valley, Arizona for just over $3 million. Spanning an impressive area of 13,929 square feet, the mansion boasted lavish features such as a resort-style pool, sprawling gardens, and breathtaking mountain views.
According to Realtor.com, Fitzgerald made a savvy move by selling the mansion in late 2019 for an astounding $18 million, reaping a staggering profit of $15 million in almost five years.
To put it in perspective, he made $3 million from that property annually. According to Phoenix Business Journal, he sold the third-largest sum for a house in Arizona history.
Fitzgerald’s Other Business Endeavors
In addition to his prowess in the real estate market, Fitzgerald diversified his investment portfolio by acquiring a minority stake in the Phoenix Suns in January 2020. His investment in the Suns has proven fruitful, with the team experiencing a resurgence in recent years, including an inspiring run to the NBA Finals in 2021.
His interest in finance led him to pursue an internship at JP Morgan during his 2011 offseason. Which was only the beginning of his journey as a sharp entrepreneur. In the coming few years, he became a board member of a few renowned businesses including Dick’s Sporting Goods and Tempus Ex, and an investor in Chess.com and Greyso0n Clothiers, as per his profile on LinkedIn.
Larry Fitzgerald’s ventures in luxury real estate and sports ownership highlight his financial acumen. With a keen eye for prime properties and strategic investments, Fitzgerald has solidified his reputation as not only an exceptional athlete but also a savvy entrepreneur and investor, ensuring long-term financial success beyond his illustrious football career.
