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Ndamukong Suh, renowned as a Pro Bowl defensive tackle in the NFL, has not only made his mark in the world of American football but also in the realm of business. Suh’s primary source of wealth is his successful career in the NFL. He was selected by the Detroit Lions in 2010. Suh’s initial contract was a five-year, $68-million deal. After proving his worth on the field, he signed a six-year, $114-million contract with the Miami Dolphins in 2015, becoming the league’s highest-paid defensive player in 2015. As an entrepreneur, Suh has diversified his portfolio by venturing into business and investment, tackling technology startups, real estate ventures, and the hospitality industry with the same gusto that he takes to the playing field.
Here, we focus on seven businesses associated with Suh and his journey towards acquiring wealth.
HOUSE OF SPEARS MANAGEMENT
House of Spears Management is the investment vehicle of Ndamukong Suh and his immediate family. As the Managing Partner of House of Spears Management, LLC, Suh has an investment portfolio that includes Ember Technologies, BTN, Seven Peaks Ventures, General Atlantic, and Andreessen Horowitz’s Cultural Leadership Fund.
This venture represents Suh’s interest in technology and his vision to invest in innovative solutions. Through House of Spears Management, Suh has demonstrated his ability to successfully invest in a range of industries, and his commitment to creating generational wealth through smart investment decisions.
HMS DEVELOPMENTS
Suh co-owns, and serves as president of HMS Developments with a partner named Joel Andersen. HMS Developments develops residential, mixed-use, and commercial real estate.
They work hard to make their community a better place for future generations. The company values diverse perspectives and develops projects for people of all types.
Suh’s partnership with HMS Development is a significant part of his real estate investments. This partnership focuses on mixed-use development projects. It is a testament to Suh’s commitment to making housing attainable for all, and his efforts to increase employment and wealth creation opportunities for long-term and returning residents.
GENERALS RESTAURANT GROUP
Generals Restaurant Group, founded by Suh, is a vehicle to invest in restaurants across the United States. Currently, locations include Lincoln, Detroit, Portland, Texas, and Los Angeles.
His investments span from sushi to fried chicken, showcasing his innovative concepts and successful track record.
Generals Restaurant Group is a testament to Suh’s long and successful track record of innovative concepts and investments across restaurants, hotels, and fast-casual brands. He has partnered with several high-profile groups and individuals in the ownership of four Blue Sushi locations, BAE’s Fried Chicken, and Super Deluxe. He also co-owns a Hyatt Hotel and a Hilton DoubleTree Hotel.
Through these ventures, Suh has demonstrated his ability to successfully invest in a range of industries, and his commitment to creating generational wealth through smart investment decisions.
TFL DEVELOPMENT
Suh is also involved with TFL Development, a company focusing on creating homes and commercial properties. Their projects include over 120 single-family homes, a Hyatt Place Hotel with condos, and mixed-use properties in Portland. Notably, TFL Development transformed part of the University of Nebraska’s bookstore into a NikeTown, with Suh’s company purchasing a section for $1.25 million. This retail space showcases the Swoosh brand, while the university kept about two-thirds for educational use. Suh, through TFL Development, demonstrates successful investment in various industries and a commitment to community giving. His work reflects both an entrepreneurial spirit and a dedication to community support.
STOCKS, VENTURE CAPITAL AND PRIVATE EQUITY
Suh has engaged in various investment activities including stocks, venture capital, and private equity. He has made significant investments in various companies, including Looped, Kindred, Silofit, and others. Here’s a brief overview of his investments in these companies:
- Looped: Looped is a virtual venue platform that raised $7.7 million in a seed round. Suh was one of the backers of this round. Unfortunately, the company went out of business.
- Kindred: Kindred is a company that provides education and training services. Suh invested in Kindred during an early-stage VC round. The company was later acquired.
- Silofit: Silofit is a company that converts small, unused office spaces into private micro-gyms that can be booked by fitness trainers or individuals on-demand or by the hour. Suh invested in Silofit, but unfortunately, the company went out of business.
