Rich Paul Wiki Biography
Rich Paul, an American sports agent best known as the owner of Klutch Sports Group, was born on December 16, 1981, in Cleveland, Ohio, USA. He represents athletes such as LeBron James, Trey Lyles, and Eric Bledsoe, to name a few.
So, what’s Paul’s net worth? Sources estimate it to be $10 million as of early 2016, based on his years of representing sportsmen, particularly in basketball.
Rich Paul Net Worth $10 Million
Paul attended Benedictine High School in Cleveland, but instead of continuing his education, he became a businessman, purchasing throwback or vintage jersey designs from past players, purchasing them in Atlanta, and then flying them to Cleveland to sell.
Paul’s career and income were limited by his ability to sell old jerseys. In 2002, at the Akron-Canton airport, he met long-time friend and star athlete LeBron James — Paul was on his way to Atlanta to acquire stuff for his throwback jersey shop, and James was on his way to Atlanta to be a part of the Final Four. His collection impressed the latter, and they later exchanged contact information.
James aided Paul with his business for a few months, endorsing him to various throwback jersey suppliers and obtaining discounts. Since then, Paul has been a part of James’ inner group of pals. Paul was soon earning $50,000 a month as a member of James’ circle of friends, accompanying him on tours and attending parties, practice, photo sessions, and commercials, in addition to simply hanging out.
Paul, on the other hand, wanted to be more than just a friend, so he co-founded LRMR with James, Maverick Carter, and Randy Mims, a sports and brand management firm that focused on the branding of James’ name in its early years. He learned about the world of sportsmen and ladies through the company, and he steadily increased his net worth. Despite not having a college diploma, Paul wanted to represent basketball players and become an agent because of his passion for the game and his experience as a former player. In 2006, he started working at Creative Artists Agency (CAA) with Leon Rose. He learned the art of management and contract negotiation from Rose. In 2011, Paul became LeBron James’ third agent, bringing him into the CAA.
Paul founded Klutch Sports Group in 2012 after deciding to launch his own agency. James is one of over 20 basketball players represented by the club. Despite not having professional management experience, Paul applies what he has learned at CAA and ensures that his management style is not only business-oriented but also personable. He helps athletes with their professional and personal branding, as well as their personal affairs, such as personal investments. Klutch Sports Group now has over $180 million in contract value and produces almost $10 million in commissions on a regular basis; the company’s headquarters are in Cleveland, Ohio. Rich Paul is very discreet about his personal life, claiming that he doesn’t mix business with pleasure!
|Net Worth||$10 Million|
|Date Of Birth||December 16, 1981|
|Place Of Birth||Cleveland, Ohio USA|
|Profession||American sports agent, businessman, owner of Klutch Sports Group|
|Education||Benedictine High School in Cleveland|