Alumna Examines How NBA Draft Picks Can Create Generational Wealth

Published on July 10, 2023

In a recent opinion piece for Fortune magazine, Nicole Pullen Ross '99, head of Sports and Entertainment Solutions at Goldman Sachs Private Wealth Management, considers how NBA draft picks can build generational wealth using their career earnings with personal finance advice that can also be applied to ordinary individuals. Pullen Ross suggests that draftees, mainly younger in age, should think as a CEO would and surround themselves with the right team of advisors, such as accountants, lawyers, agents, and managers, to guide and support them. Further, she argues that athletes create spending and savings plans from the start of their careers, determining their “needs” versus “wants” and factoring in income security, taxes, wellness and healthcare, retirement, family support, and legacy. Pullen Ross also recommends that financial priorities should be reexamined annually by athletes to achieve the right balance for the season in their lives. Read more. 

Other news

CBS Alumnus Has a Hand in New Spider-Man Movie

July 5, 2023
The latest filmic incarnation of the Marvel Comics superhero Spider-Man occurs in “Spider-Man: Across the Spider-Verse,” a movie which has a personal connection for Sharad Devarajan '04. The 2023 animated Sony Pictures film includes the character Pavitr Prabhakar, the Spider-Man from the print comics that Devarajan, an adjunct professor at CBS, had produced 20 years earlier in India for Marvel. De

Alumni Club of France Holds Event with Prof. Gernot Wagner

July 24, 2023
On July 5, the Alumni Club of France held "The Path to Clean Zero," a networking and discussion event in Paris with Professor Gernot Wagner, Senior Lecturer in the Faculty of Business. Prof. Wagner explored whether businesses can be leaders in fighting climate change, and covered climate risks and policy. He considered the role of the U.S., specifically, in jumpstarting a transition to clean-energ