Illustrious basketballer Robert Horry has more NBA titles than Michael Jordan. But if Jordan was His Airness, Horry, in lifestyle terms, was His Groundedness. Being frugal helped the winner of seven NBA championships maintain his bank balance in a culture notorious for reckless spending. According to a survey by an American sports magazine in 2009, almost 60 per cent of basketballers went broke within five years of retiring, despite an average salary of $5 million a year.
“I did not have a dog with a diamond collar,” Horry, 48, says during his visit to Mumbai recently. “I was never flashy. I would see guys [basketball peers] with the shades on, the suits on, $1,000 bags. I had a teammate whose motto was, ‘If I make a million dollars, I must spend a million dollars’.
I was like, ‘If I make a million dollars I’m hoping I can keep a million dollars’.” Nicknamed ‘Big Shot Bob’ for his ability to score at key moments, the 6’9″ Horry now does commentary and runs sports and rehab centres in Houston. But he admits some of his financial moves failed.
Hardik Pandya, Rani Rampal, Peyush Bansal: Sports And Business Leaders Reveal Their Tools O…1 of 10
The Tools Of Success
17 Oct, 2018
By ET BureauCome Dussehra, leading business and sports names reveal their tools of success and the instruments that play a role in their professional lives.In pic: From left (Hardik Pandya, Rani Rampal, Peyush Bansal)
In 2011, he was sued by a business partner, Tomur Barnes, for defrauding him of his investment in Horry’s enterprise. According to a report, Horry said then that their contract was not enforceable.
“Sometimes, as an athlete, you think everything you touch can turn into gold. [But] Some things don’t turn into gold,” Horry says. “I had a couple of investments that didn’t go my way. That’s why I laugh at guys who say, ‘Oh, I’m going to open a clothing line, I’m going to start a restaurant’.
Tomur Barnes Jersey Retro
You think with brands like Chanel or whatever around they are going to go to your store? It [the business idea] has to be realistic.” There were times Horry loosened his purse strings and enjoyed his success. “I bought my mum a big house, my dad a big house and myself a big house,” he says. “I owned two Ferraris when I was playing [he retired in 2008 and now drives a Toyota Tundra pickup truck]. I also liked watches but have sold many of them. That’s where my frugal part kicks in.”