Former Tennessee Vols legend Peyton Manning made an estimated $248.7 million during his NFL career.
Additionally, Manning has made millions away from the football field via endorsements and other endeavors.
When you have that kind of cash, it means big investments — no one is letting hundreds of millions sit in a bank where the money would be uninsured.
Investments, however, can be tricky. For every great investment, there’s a terrible investment where money is lost forever.
Manning, who won two Super Bowls during his NFL career (with the Indianapolis Colts and Denver Broncos), made a wise move recently by following the lead of billionaire Bill Gates, one of the richest men in the world.
Gates and Manning are among the investors in a new Crowd-safety firm called Evolv Technology that could forever change the way fans enter sports stadiums and other large events.
Evolv, whose customers include Six Flags (), casino company Wynn ( ), New York City’s Lincoln Center and baseball’s Chicago Cubs, sells software on a subscription basis that is designed to help detect whether someone is carrying a gun, knife or other weapons.Guests simply walk through a scanner without having to unload their keys, phones, wallets and other things they’re carrying in bags or pockets.“It’s barbaric if you’re going to see your favorite sports team to have to go through metal detectors,” Evolv CEO Peter George told CNN Business. “This makes lines go away and it’s safer because you have AI and machine learning models do the scanning.”
Former Tennis stars Steffi Graf and Andre Agassi are among the other investors, along with former MLB manager Joe Torre and former Boston Red Sox/Chicago Cubs GM Theo Epstein.
Manning was one of the savviest NFL players of all time, so it’s not a surprise that he’s making wise moves off the field, too.
Featured image via Matt Kryger/IndyStar via Imagn Content Services