Image Source: Sportscasting
Donovan Mitchell, with a net worth of $20 million speaks about how he spent his first $1 million on homes and automobiles
While Donovan Mitchell eventually made it to the NBA and currently has a net worth of $20 million, his sporting career really began elsewhere. The shooting guard for the Cleveland Cavaliers played baseball up until the ninth grade before switching to basketball.
It turned out to be a crucial choice since Mitchell went from representing the University of Louisville for two years to getting selected by the Denver Nuggets 13th overall in the 2017 NBA Draft.
Then, following his rookie season, he signed a four-year, $14.3 million contract to play with the Utah Jazz. Giving something back to his family and other people was clearly Mitchell’s primary focus as he detailed how he used his first $1 million in the NBA.
In a 2021 GQ Sports interview, Mitchell revealed, “The NBA was definitely the ultimate goal, But for me, it was like, ‘Okay how do I get to college?’ Then it became really [a] reality. Like, ‘I could really do this.’ And throughout the process, that’s when it became, ‘Alright, this is what I want to do. Take care of my family and make sure that they don’t have to work a day in their life and make sure they’re all set. My mom, my sister, and my dad’.”
Although Mitchell has achieved financial security in the NBA, it is evident that he still exercises financial restraint. The ability to save money for myself in addition to being able to give back is what I believe to be most important. He said, “And it’s not only spending; it’s also about saving it for generational wealth.”