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Key Words: ‘Shark Tank’ star offers tips on how Zion Williamson can avoid losing his millions

Zion Williamson, former Duke Blue Devil star and future top NBA draft pick, is about to become one of the wealthiest teens in the world, and “Shark Tank” star Kevin O’Leary recently offered up some investing wisdom for the youngster:

‘Over time, build a real estate portfolio, some really boring bonds and some large cap, dividend paying stocks.’

Sensible advice? Sure. Odds Williamson follows it and properly protects his stash? Not all that likely, considering how fast cash tends to slip through the fingers of newly-minted millionaires of the pro sports set.

According to a Sports Illustrated article several years ago, 78% of NFL players are either bankrupt or are under financial stress within two years of retirement and about 60% of NBA players go bankrupt within five years after leaving their sport.

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