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Giannis Antetokounmpo Put His Money in 50 Banks Until Bucks Owner Helped Him Invest

  • Avenue founder and Bucks co-owner bought a pickleball team
  • Lasry spoke at Bloomberg Wealth Summit with David Rubenstein
Giannis Antetokounmpo dunks during a game in Milwaukee, Wisconsin.
Giannis Antetokounmpo dunks during a game in Milwaukee, Wisconsin.Photographer: Stacy Revere/Getty Images

Milwaukee Bucks superstar Giannis Antetokounmpo had more banks than letters in his name before Avenue Capital Group founder Marc Lasry stepped in. 

The National Basketball Association’s two-time most-valuable player had accounts open 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.