Wade bought 1% of Jazz s shares for 16 million. How much is the appreciation now?

Wade, this outstanding representative of the 2003 Golden Generation, won the reputation of "The Flash" for his powerful and fierce style. Throughout his career, he led the Heat to the throne of the championship three times and once won the highest honor of the MVP in the finals. The Heat Big Three, which he formed with James and Bosh, is even praised by fans as the strongest trio in history. In the hearts of countless media and fans, Wade is undoubtedly the greatest player in the history of the Heat, and his name has long been engraved in the Heat's Hall of Honor.

However, Wade's talent is not limited to the basketball court. After retiring, he quickly demonstrated extraordinary business acumen and outstanding leadership skills in the business field. He not only established his own venture capital company, but also actively invested in investments in many startups, with a wide range of business covering a number of popular industries such as technology, health, food, and sports. These precise and forward-looking investments are like seeds sown on fertile land, which not only brings him rich economic returns, but also allows him to gradually accumulate huge influence in the business world and become a rising business star.

Time goes back to 2019, which is the legendary season when Wade's "Last Dance". At this special moment, Wade met the Jazz's big boss Ryan Smith. The two fell in love with each other at first sight, as if they were reunited by an old friend who had not seen each other for many years, and quickly established a deep friendship. Wade regards Smith as his mentor on the business path, and Smith also appreciates Wade's business talent and personal charm. This encounter laid a crucial foreshadowing for Wade to become a shareholder of the Jazz in the future.

It is worth mentioning that after retiring, Wade, with deep feelings for the Heat, intends to acquire 3% of the Heat. He hopes that in this way, he can not only achieve the goal of investing and making money, but also tie himself to the Heat and continue his indissoluble bond with the Heat. However, unexpectedly, the Heat boss rejected Wade's request for investment, which undoubtedly poured cold water on Wade's business plan.

But fate is always full of surprises and twists. In 2021, Wade, who had retired, received a sincere invitation from Smith. Smith hopes that Wade can join the Jazz and become the team's small boss. Not long after, the Jazz officially announced that Wade had become the team's small boss. It is understood that Wade owns at least 1% of the Jazz shares. According to the acquisition price and market value of Jazz at that time, Wade's 1% stake is worth about $16 million. At that time, many media and fans speculated that Smith might give Wade a "friendly price" lower than the valuation, about $10 million. However, Wade's business vision and luck proved first-class.

In recent years, the NBA's brand influence has continued to soar around the world like a Rockets, the viewing and commercial value of the events have continued to increase, and the salary of players has also risen. At the same time, the team's market value has also shown an astonishing growth trend. According to authoritative Forbes, the Jazz's market value in 2022 is US$2.025 billion, and it will grow to US$3.09 billion in 2023. By this year, the Jazz's market value has reached US$3.75 billion, ranking 23rd in the league.

Although the Jazz's market value cannot be compared with the Warriors, Lakers, and Knicks, the growth rate is amazing. This means that Wade's investment is like planting a money tree and reaping fruitful fruits. According to the equity ratio carefully calculated, the 1% stake in Wade is now worth at least $37 million. If Wade chooses to sell his shares at this time, it may even exceed $40 million.