Still, Telfair admits he isn’t exactly careful when it comes to handling his dough. He invested in an upscale Chinese restaurant called “Philippe’s” and reportedly lost $1 million when the restaurant collapsed. In addition, he spent millions of dollars to support his family, including his 14 brothers and sisters, as well as his parents. “As for the business part, we as a whole are in trouble,” Telfair said. “We didn’t give ourselves time to grow. We were like, ‘OK, we got drafted, we got the Adidas contract.'” Especially me, because of my ego, I wanted it to happen overnight, and what does it look like when you have some money and you’re successful? What does it look like? “My mom bought a house and you kind of look like, wait a minute.” I wanted it overnight and my family wanted it too…it takes time and we were in a hurry because of the lack of experience,” he added.
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