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11 businesses owned by Jamal Mashburn

From NBA star to business mogul: The diverse portfolio of Jamal Mashburn

by Adenike Adeodun

Jamal Mashburn Sr., born on Nov. 29, 1972, is an American entrepreneur and former professional basketball player. Known as “the Monster Mash,” he was a prominent scorer, with a career average of 19.1 points per game during his 12-season tenure in the National Basketball Association (NBA) as a small forward.

Born to Bobby Mashburn, a former heavyweight boxer and New York City police officer, and Helen Mashburn, Jamal experienced his parents’ separation shortly after his father’s retirement in 1974. He perfected his basketball skills at Rucker Park, a mere block from his childhood home.

Mashburn spent his high school years at Cardinal Hayes High School in the Bronx, setting the stage for a great college basketball career at the University of Kentucky. There, he became the Wildcats’ fourth-leading career scorer and earned consensus First Team All-American honors by his junior year, helping his team reach the Final Four of the NCAA Tournament. Following this achievement, he declared for the 1993 NBA draft and was selected fourth overall by the Dallas Mavericks.

In his rookie season with the Mavericks, a team then led by veteran point guard Derek Harper and second-year guard Jim Jackson, Mashburn quickly emerged as a key player, averaging 19.2 points across 73 starts and earning a spot on the first NBA All-Rookie Team. Despite his efforts, the team finished the 1993–94 season with just 13 wins. The subsequent drafting of star point guard Jason Kidd saw Mashburn, Jackson, and Kidd become known as “The Three J’s,” leading to a significant improvement to 36 wins in the 1994–95 season. Mashburn’s performance peaked this season, with averages placing him among the league’s top in several scoring categories and a memorable 50-point game against the Chicago Bulls, making him one of the youngest players to achieve this milestone.

However, despite the team’s progress, playoff success remained elusive, and injuries limited Mashburn to just 18 games in the 1995–96 season. By the 1996-97 season, his involvement had decreased, and he was traded to the Miami Heat on February 14, 1997, in a deal involving Kurt Thomas, Predrag Danilović, and Martin Müürsepp.

The Miami Heat, enhanced by the talents of all-stars Alonzo Mourning and Tim Hardaway and led by the legendary Pat Riley, further bolstered their lineup with the addition of Mashburn. This move significantly improved their offense, leading to the team achieving a franchise-record 61 wins, with Mashburn contributing an average of 13.4 points over 30 starts. Despite being hampered by injuries that limited him to 48 games during the 1997–98 season, Mashburn started every game he played, averaging 15.1 points as Miami secured 55 wins. 

The 1999–2000 season marked an upturn in Mashburn’s performance as he took on a larger offensive role, averaging 17.5 points per game and hitting a career-high 112 three-pointers. The Heat won 52 games and swept the Detroit Pistons in the playoffs’ first round. However, they were eliminated by the Knicks in a grueling seven-game series, despite Mashburn’s critical scoring efforts, including a 21-point game. Following another playoff disappointment, Miami traded Mashburn and P.J. Brown to the Charlotte Hornets for Eddie Jones and Anthony Mason.

In Charlotte, Mashburn excelled, averaging 20.1 points, 7.6 rebounds, and 5.4 assists in his first season, leading the Hornets alongside Baron Davis to 46 wins and a playoff berth against Miami. Against his former team, Mashburn shone with an average of 23.7 points, propelling the Hornets to a surprising sweep. They next faced the Milwaukee Bucks, managing to even the series after losing the first two games, thanks to Mashburn’s standout performances. However, the Hornets ultimately fell to the Bucks, despite Mashburn’s playoff career-high average of 24.9 points.

The 2001–02 season was again disrupted by injuries for Mashburn, limiting him to 40 games at an average of 21.5 points. The Hornets made the playoffs but advanced without him due to his injuries, ultimately losing to the New Jersey Nets. The team relocated to New Orleans after the season ended, marking a significant transition.

Mashburn reflected on the Hornets’ move, highlighting the challenges and adjustments required not just for players, but for the entire organization. Moving a team involves more than just professional relocation; it affects families, requiring new schools and medical care, among other necessities. Despite these challenges, he saw the move as a unique opportunity to introduce professional basketball to a city that could benefit from the community and competitive aspects of the game.

Mashburn’s most notable NBA season was the 2002–03 campaign, where he played in all 82 games, averaging 21.6 points. That season, he appeared in his first and only All-Star game, contributing 10 points during the 2003 NBA All-Star Game in Atlanta. He also earned the Eastern Conference Player of the Month award for March and was selected for the All-NBA Third Team. Noteworthy performances included scoring 50 points against Memphis on Feb. 21 and 40 points against Orlando on March 26. The Hornets secured 47 wins that season and advanced to the playoffs, facing the Philadelphia 76ers in the first round. Despite battling a finger injury that limited his play to four games in the series, Mashburn led the Hornets in scoring with 36 points in the pivotal Game 6 loss on May 2, 2003.

Mashburn was remarkable for his scoring ability, averaging 20.8 points in the 2003–04 season, making him one of only six players since 1970 to average at least 20 points per game in their final NBA season. This elite group includes Jerry West, Larry Bird, Dražen Petrović, Reggie Lewis, and Michael Jordan.

Despite opting out of the year due to a knee injury, Mashburn was still traded by the Hornets along with Rodney Rogers to the Philadelphia 76ers in exchange for forward Glenn Robinson on Feb. 24, 2005. Unfortunately, his chronic knee issues persisted, preventing him from playing any games for Philadelphia. He was listed as injured for the entire 2004–05 season and remained inactive in 2005–06. On March 24, 2006, the 76ers released Mashburn, leading him to announce his retirement from professional basketball. Throughout his NBA career, Mashburn achieved averages of 19.1 points, 5.4 rebounds, and 4.0 assists per game.

Beyond basketball, Mashburn has been successful not only as an ESPN analyst but also as a businessman, launching several profitable ventures. His life after the NBA proves his ability to translate his drive and team-oriented ethos from sports to business. In his own words, Mashburn expressed pride not just in his basketball achievements but also in fulfilling his childhood aspiration of becoming a successful businessman. His commitment to teamwork and excellence extends beyond the court, as evidenced by his leadership in various business endeavors, aiming to create value and drive results with a talented and dedicated team. Billionaire Africa explores his businesses below.

  1. Mashburn Enterprises LLC

Mashburn serves as the Chief Executive Officer of Mashburn Enterprises LLC, a private investment firm dedicated to nurturing business growth through strategic equity investments and networking support. The firm is actively seeking investment opportunities across a diverse range of sectors, including hospitality, technology, mobile and wireless communications, real estate, construction, consulting, and more, with a focus on venture ideas and start-up businesses.

  1. Papa John’s Pizza

Mashburn has expanded his investment portfolio by acquiring ownership of 40 Papa John’s Pizza outlets, demonstrating his knack for identifying profitable ventures. Papa John’s, a prominent American pizza restaurant chain, ranks as the fourth-largest pizza delivery service in the United States. The company has its headquarters in both the Louisville, Kentucky, and Atlanta, Georgia, metropolitan areas. With a global footprint of over 5,500 locations across 49 countries and territories, Papa John’s stands as the world’s third-largest pizza delivery company.

  1. Outback Steakhouses

Mashburn has intelligently expanded his investment portfolio by owning 38 Outback Steakhouse franchises. This move highlights his sharp investment foresight and thorough grasp of the restaurant industry’s intricacies. By venturing into the Australian-themed steakhouse chain, Mashburn has not only uncovered another profitable venture but has also significantly broadened his entrepreneurial footprint in the culinary arena. This initiative underscores his contribution to improving the dining scene, delivering high-quality steakhouse offerings to numerous customers, and further establishing his reputation as a powerhouse in the hospitality sector.

  1. Mashburn Motors

Mashburn, demonstrating a keen strategy for diversification, operates five automotive dealerships across Central Kentucky. His portfolio includes dealerships for Toyota/Scion, Lexus, Nissan, Chrysler/Dodge/Jeep, and Porsche brands. Notably, he owns the largest Toyota dealership in the state, showcasing his significant presence in Kentucky’s automotive market.

  1. Dunkin Donuts

In 2015, Mashburn inaugurated his newest business venture, a Dunkin’ Donuts franchise. Currently, he owns three Dunkin’ Donuts franchises. These ventures not only highlight his sharp business acumen but also his dedication to enhancing community ties through the widespread appeal of coffee and baked goods.

  1. Realty Company

Mashburn expanded his investment portfolio by venturing into the real estate sector. His realty company leverages his expertise in property assessment and investment tactics, demonstrating his keen insight into the fluctuating dynamics of the real estate industry.

  1. Anytime Waste Systems

Mashburn has broadened his entrepreneurial endeavors by acquiring Anytime Waste Systems, a leading waste management and recycling business based in Louisville. This company, which prides itself on being the fastest-growing, locally owned, and operated entity in the waste disposal sector within the Bluegrass region, is dedicated to offering unparalleled customer service. Unlike larger corporations, Anytime Waste Systems emphasizes a personal touch, eschewing automated phone systems in favor of direct customer interaction.

  1. Ol Memorial Stable

Mashburn has also partnered with Ol Memorial Stable, engaging in professional horse racing alongside notable figures such as former Kentucky coach Rick Pitino and Outback Steakhouse co-founder Chris T. Sullivan. Together, they own Buffalo Man, a promising prospect for the Kentucky Derby.

  1. Mashburn Justice Capital Partners

Founded by Mashburn and ex-NFL player Winston Justice, Mashburn Justice Capital Partners is a venture capital firm focused on investing in the IT and mobile industries, with a keen interest in supporting high-tech startups.

  1. Revolution Global

Mashburn has joined the board of Revolution Global as an advisor and investor, aligning himself with the company’s mission in the cannabis health and wellness sector. He expressed his enthusiasm about being part of Revolution Global, especially during a time of significant growth for both the company and the industry at large. He commended Revolution for its community engagement, efforts toward social equity, production of top-tier products, and prioritization of patients. Mashburn praised the company’s strategic groundwork, which positions it for success as it expands into additional states.

  1. Fairbridge Hotels

Mashburn has acquired an ownership stake in Fairbridge Hotels, further diversifying his extensive portfolio into the hospitality sector. While the specifics of Mashburn’s investment remain undisclosed, the company announced in a press release that he would be appointed to its board of directors.

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