Venus Williams Joins the Board of a Multi-Billion Dollar Corporation

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By Victor Trammell

Photo credits: CNBC

Along with her younger sister Serena, Venus Williams (pictured) has proven her worth beyond measure as an elite athlete in the world of professional tennis.

However, Venus is not one-dimensional when it comes to empire building. In addition to tennis prize money, the 38-year-old Wimbledon warrior has an interior design company called V Starr Interiors, a small ownership stake in an NFL franchise, publishing rights to a best-selling book, and a fashion line called EleVen.

Forbes Magazine named Venus Williams as one of America’s most influential figures on its annual Top 100 Most Powerful Celebrities list. In an exclusive interview, Williams once told financial news outlet CNBC that frugality has been a hallmark of her wealth preservation recipe.

When she got her first big chunk of tennis prize money, she acted responsibly and did not go overboard with foolish purchases that were not essential. “I really didn’t spend any of it,” Williams told CNBC Make It.

“I just didn’t want to become a statistic, or one of those athletes that had it all and then in the end had nothing. That was always in the back of my mind, so it made me want to be more realistic with how I spent money,” she continued.

According to numerous credible financial news circuits, Williams has a net worth that rounds to $100 million dollars. However, her latest business move will put her in the company of an organization operating on an even higher monetary echelon.

According to Wall Street news outlet Seeking Alpha, Williams has joined the board of directors at NEP Group, Inc. Owned by a multi-billion dollar firm called the Carlyle Group, NEP is an international production company that provides teleproduction services for major events, such as the Super Bowl.

Williams is one of the three new NEP board members, which also includes the likes of Carlyle Group Vice President Matthew Coles, and Patrick J. Wilson, another Carlyle Group executive.

Source 1: https://www.cnbc.com/2018/06/29/the-unexpected-thing-venus-williams-did-with-her-first-big-paycheck.html

Source 2: https://seekingalpha.com/news/3399189-carlyle-acquires-majority-stake-nep-group-venus-williams-joins-nep-board?fbclid=IwAR2At42vUZ0NarJExijH0A3I-0ocOaGlX0ZNfK3SmNexUpKDkJC9DSF4Iaw

 

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