Giannis Antetokounmpo kept his money at 50 different banks until Bucks' owner helped him invest / News - Basketnews.com

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Milwaukee Bucks star and reigning NBA MVP Giannis Antetokounmpo reportedly had his money at 50 different banks, prior to getting help from Marc Lasry, a co-owner of the Milwaukee Bucks and Avenue Capital Group founder.

Giannis Antetokounmpo

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Lasry stated that he helped Giannis Antetokounmpo invest his money, according to Claire Ballentine of Forbes.

Giannis held accounts at 50 different banks, with each of them holding up to the Federal Deposit Insurance Corp. coverage limit. That shocked Lasry, who co-owns the Milwaukee team.

"I spend a lot of time with them explaining where they should invest," he said of his players on Thursday at the Bloomberg Wealth Summit in New York.

"I’m like, Giannis, you can’t be having accounts at 50 different banks. Let me tell you something, if JPMorgan goes under, your little dinky banks are going to go under too. Let me explain what you should buy, you should buy U.S. Treasuries, you should buy this."

The USA confronted a sovereign-debt disaster in the early 2010s, which strained its banking system and left residents nervous their money wasn't protected.

"When people come to me, they have issues," Lasry mentioned. "They can’t borrow. Or they have assets but no cash flow."

This has been another good season for the two-time NBA MVP, with him putting up 29.9 points, 11.6 rebounds, and 5.8 assists per game and being included in MVP talks.

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