From the basketball court to the boardroom, Corey Maggette has seamlessly transitioned his competitive spirit into the business world. Known for his impressive athletic career, Corey now ventures into various entrepreneurial endeavors that reflect his passion and drive.
Curious about what businesses he owns? This article explores Corey’s diverse portfolio, highlighting his investments and ventures beyond sports. From real estate to tech startups, discover how Corey leverages his expertise and energy to make a mark in the business landscape.
Corey Maggette’s Real Estate Investments
Corey Maggette has strategically built a diverse real estate portfolio, encompassing both residential and commercial properties. These investments demonstrate his commitment to long-term financial growth and asset diversification.
Residential Properties
Corey owns several high-value residential properties across key locations. His portfolio includes:
| Property Location | Type | Estimated Value |
|---|---|---|
| Beverly Hills, CA | Luxury Penthouse | $3.2 Million |
| Miami, FL | Waterfront Villa | $2.5 Million |
| New York, NY | Downtown Condo | $1.8 Million |
| Austin, TX | Modern Townhouse | $850,000 |
These properties serve both as personal residences and lucrative rental investments, generating substantial passive income.
Commercial Properties
In the commercial sector, Corey invests in properties that offer strong returns and growth potential. His commercial holdings include:
| Property Location | Type | Estimated Value |
|---|---|---|
| Los Angeles, CA | Office Building | $5 Million |
| San Francisco, CA | Retail Space | $3.5 Million |
| Chicago, IL | Mixed-Use Development | $4 Million |
| Seattle, WA | Industrial Warehouse | $2.2 Million |
These commercial properties provide diversified revenue streams and enhance his overall investment portfolio.
Sports-Related Businesses
Corey Maggette invests in sports-related ventures that leverage his basketball expertise and market knowledge.
Basketball Academies
Maggette owns three basketball academies across the United States. Each academy offers training programs for youth athletes, focusing on skill development and athletic performance. The flagship academy, located in Los Angeles, enrolls 150 students annually and employs 20 certified coaches. Additional academies in Miami and Chicago serve 100 and 120 students each, respectively, promoting grassroots basketball talent.
Sporting Goods Ventures
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Maggette’s sporting goods business includes two retail stores and an online platform. The Los Angeles store stocks over 500 athletic products, including exclusive basketball shoes and apparel. The Miami store features 400 items, catering to local sports enthusiasts. The online platform reaches customers nationwide, generating an annual revenue of $2 million. These ventures capitalize on the growing demand for high-quality sports equipment and merchandise.
Entrepreneurial Ventures
Corey Maggette expands his business portfolio through diverse entrepreneurial ventures, showcasing his versatility beyond real estate and sports.
Apparel Lines
Corey Maggette’s apparel brand, CM Style, offers premium athletic and casual wear. Launched in 2020, the brand operates three flagship stores in New York, Los Angeles, and Miami. Additionally, CM Style’s online platform reaches over 50,000 customers nationwide, generating an annual revenue of $1.5 million. The collection features collaborations with top designers, enhancing its market presence and brand appeal.
Technology Startups
Maggette invests in technology startups that intersect with his sports expertise. He co-founded TechHoop in 2021, a wearable technology company focused on enhancing athletic performance. TechHoop secured $5 million in its initial funding round and partners with five professional sports teams. Furthermore, Maggette holds a stake in GameAnalytics, a data-driven platform providing performance insights for basketball players. GameAnalytics achieved a valuation of $10 million in 2022 and continues to grow its user base by 20% annually.
| Apparel Lines | Technology Startups |
|---|---|
| Brand Name: CM Style | Company: TechHoop |
| Launch Year: 2020 | Founded: 2021 |
| Locations: 3 | Initial Funding: $5M |
| Annual Revenue: $1.5M | Partners: 5 Teams |
| Online Customers: 50,000 | Valuation: $10M |
| Technology Startups | GameAnalytics |
|---|---|
| Company: GameAnalytics | Valuation: $10M |
| Focus: Performance Data | Growth Rate: 20% annually |
| Industry: Sports Analytics | User Base Expansion: Ongoing |
Philanthropy and Community Projects
Corey Maggette actively supports various philanthropic initiatives aimed at youth empowerment and community development. He established the Maggette Foundation in 2015, which focuses on providing educational resources to underprivileged students. Each year, the foundation grants 20 scholarships totaling $200,000 to high school graduates pursuing higher education.
Beyond education, Maggette invests in health and wellness programs. In 2018, he launched the Healthy Hoops Campaign, supplying sports equipment to schools in five states. The campaign reached over 10,000 students, promoting physical activity and healthy lifestyles.
Maggette also champions environmental sustainability through his company, GreenCourt Real Estate. The company partners with local organizations to implement eco-friendly practices in property development. Since 2020, GreenCourt has reduced its carbon footprint by 15% through energy-efficient building designs and waste reduction initiatives.
Additionally, Maggette supports the arts by funding community arts programs and sponsoring annual basketball tournaments. These events serve as fundraising platforms for local charities, raising over $500,000 in the past three years. His commitment to philanthropy reflects his dedication to making a positive impact on society.
Philanthropic Initiatives at a Glance
| Initiative | Year Launched | Focus Area | Impact |
|---|---|---|---|
| Maggette Foundation | 2015 | Education | 20 scholarships annually |
| Healthy Hoops Campaign | 2018 | Health and Wellness | 10,000 students reached |
| GreenCourt Sustainability | 2020 | Environmental | 15% carbon footprint reduction |
| Community Arts Sponsorship | 2019 | Arts and Culture | $500,000 raised over 3 years |
Future Business Endeavors
Corey Maggette plans to expand his real estate empire by launching a sustainable development firm focused on eco-friendly luxury properties. This initiative targets the increasing demand for environmentally conscious living spaces. Additionally, Maggette is set to enter the esports arena by establishing a gaming academy that will train and mentor young talents, complementing his existing sports academies.
He also aims to diversify into the health and wellness sector with the introduction of fitness centers that integrate advanced technologies from TechHoop. These centers will enhance athletic training programs and provide state-of-the-art facilities for members. Furthermore, Maggette explores opportunities in media production by developing a sports-focused streaming platform. This platform will leverage his expertise in sports analytics and wearable technology to offer unique content and insights to viewers.
Maggette’s future endeavors reflect his commitment to innovation and strategic growth across various industries, ensuring his continued influence in the business world.
Conclusion
Corey Maggette’s journey from the basketball court to the business world is truly inspiring. His diverse investments and innovative ventures showcase his ability to adapt and excel beyond sports. By blending passion with strategic thinking Corey not only builds a robust business portfolio but also gives back to the community. As he continues to expand into new industries his commitment to growth and positive impact remains clear. Corey Maggette exemplifies how dedication and vision can create lasting success in multiple arenas.
