Anthony Joshua: Billionaire status can’t be attained through music, sports

Nigerian-British boxing icon Anthony Joshua, a two-time world heavyweight champion, has shared his views on wealth creation.

He believes becoming a billionaire is unlikely through sports, music, or entertainment alone. Instead, he emphasized the importance of focusing on the business side of these industries.

Taking to his Snapchat, Joshua wrote, “For anyone to reach billionaire status, it will not be through sports, music, or entertainment. Don’t get lost in the hype; focus on sustainability, books, and business ethics.”

His statement highlights the need for entertainers and athletes to think beyond the allure of fame and consider long-term strategies for wealth building.

Fame isn’t enough

Joshua’s advice comes as a reality check for many who aspire to achieve wealth solely through talent in entertainment or sports.

While fame may bring significant earnings, it often falls short of sustaining billionaire-level wealth.

According to Joshua, the key lies in leveraging fame to explore sustainable ventures and make sound business decisions.

This perspective aligns with the stories of some of the world’s wealthiest entertainers and athletes.

While their fame played a crucial role in their success, most of their fortunes come from endorsements, investments, and entrepreneurial ventures.

Joshua’s message is a reminder that financial literacy and business acumen are just as important as talent.

Lessons from global billionaires

Looking at Forbes’ list of billionaire entertainers and athletes, names like Jay-Z, Rihanna, Taylor Swift, Tiger Woods, Michael Jordan, and LeBron James stand out.

Each of these individuals achieved extraordinary success in their fields, but their path to billionaire status involved much more than their primary careers.

Jay-Z: The rapper turned businessman amassed his fortune through ventures like Roc Nation, Tidal, and investments in luxury brands.
Rihanna: While her music career launched her to fame, it was her cosmetics brand, Fenty Beauty, that secured her spot as a billionaire.
Michael Jordan: The basketball legend built his wealth through the iconic Air Jordan brand and ownership stakes in sports teams.
Taylor Swift: Known for her music, Swift has leveraged her popularity to secure lucrative endorsements and smart investments.
LeBron James: The NBA star combined his sports earnings with business ventures like SpringHill Company and investments in Blaze Pizza.

Two-times world heavyweight champion Anthony Joshua [Photo Credit: Google]

These examples underscore Joshua’s point: talent and fame open doors, but it’s the business moves that create lasting wealth.

Business over hype

In his Snapchat message, Joshua urged entertainers and athletes to “not get lost in the hype.” The glitz and glamour of fame can be misleading, often obscuring the need for financial discipline and strategic planning.

By focusing on sustainability, aspiring billionaires can ensure their wealth endures beyond the peak of their careers.

Joshua also emphasized the importance of education, advising individuals to study business ethics and sustainability. This approach ensures that their ventures are not only profitable but also responsible and long-lasting.

Call for change

Anthony Joshua’s advice resonates with a growing trend among athletes and entertainers who are shifting their focus toward entrepreneurship.

As fans look up to these figures, they serve as examples of how to turn talent and fame into meaningful and lasting success.

For the next generation of stars, Joshua’s words serve as both a warning and an inspiration. Fame alone might not lead to billionaire status, but with the right mindset and strategies, it can be the foundation for building a legacy of wealth and influence.