Introduction:
Matt Geiger is a former NBA player who played for various teams such as the Miami Heat, Charlotte Hornets, and Philadelphia 76ers. He was known for his height, reaching up to 7 feet, thus making him a force to be reckoned with on the court. However, not many people know that Geiger has made a fortune off the court as well. In this blog post, we will uncover the multi-million dollar fortune of NBA star Matt Geiger.
Real Estate Ventures
Geiger has invested a lot of his time and money in real estate. He has bought and sold many properties throughout his career, and his portfolio is now worth millions of dollars. He also owns a private island in the Bahamas that he purchased for around $2 million in the late 90s.
Business Ventures
Apart from real estate, Geiger also invested in many businesses. One of his most notable investments is the Tampa Bay Storm, a professional arena football team. He also owns a restaurant called “Matt’s Casbah” in Melbourne, Florida, and a clothing line called “Geiger Athletic” that sells sports apparel.
Lavish Lifestyle
Geiger is known for his extravagant lifestyle. He owns many luxury vehicles, including a Lamborghini Gallardo and a Bentley Arnage. His Florida home, worth around $8 million, is adorned with imported marble floors and a 2000-gallon saltwater fish tank.
Lawsuits
Geiger’s wealth has not come without a price. In 2014, he was sued by the IRS for not paying taxes, allegedly owing them $3.5 million. Earlier in 2002, he was sued by his ex-girlfriend, who claimed that he had physically abused her and caused her to lose her job.
Philanthropy
Despite his legal issues, Geiger is known for his charitable work. He often donates to various causes and even established a charity, The Matt Geiger Foundation, which raises funds for organizations that help children in need.
Retirement from NBA
Geiger retired from the NBA in 2002 due to various injuries. However, he remained involved in the game by becoming a part-owner of the Tampa Bay Storm, and he also established a basketball academy for kids.
Net Worth
Geiger’s net worth is estimated to be around $100 million. His real estate ventures, business investments, and luxurious lifestyle have contributed to his vast fortune.
Legacy
Geiger will always be remembered as a talented NBA player who made a significant impact on the game. However, he will also be recognized for his shrewd investments and business acumen, which have earned him a place among the wealthiest former NBA stars.
Conclusion:
Matt Geiger’s career in the NBA may have been brief, but his business ventures and real estate investments have made him a multi-millionaire. Although he has faced some legal issues in the past, he remains a charitable person who has used his wealth to give back to his community. Geiger’s legacy will continue to live on not only for his contributions to basketball but also for his smart investments and philanthropic work.
FAQs:
Q1: Is Matt Geiger still involved in the NBA?
A1: No, he retired in 2002 due to injuries, but he remains invested in the game through his part-ownership of the Tampa Bay Storm and his basketball academy for kids.
Q2: What is Matt Geiger’s net worth?
A2: His net worth is estimated to be around $100 million.
Q3: What businesses has Matt Geiger invested in?
A3: He has invested in a restaurant called “Matt’s Casbah,” a clothing line called “Geiger Athletic,” and a professional arena football team, the Tampa Bay Storm.
Q4: Has Matt Geiger faced any legal issues?
A4: Yes, he was sued by the IRS in 2014 for alleged failure to pay taxes and by an ex-girlfriend in 2002 for physical abuse.
Q5: What is The Matt Geiger Foundation?
A5: It is a charity established by Matt Geiger that raises funds for organizations that help children in need.