Caleb Williams Makes Big Off-Field Move After Bears Minicamp

Every NFL season sees dozens of rookie players realizing their dreams and Caleb Williams will be a part of the next group this fall. The former USC quarterback was selected first overall by the Chicago Bears at April's draft and now must deal with the pressure that comes with being the new face of one of the league's most storied franchises.

Another type of pressure that rookies must deal with is the financial kind. Most first-year players have never experienced handling millions of dollars before and, unfortunately, not knowing how to be financially responsible has led to plenty of mistakes in the past.

That's why Williams plans on being smart with his money judging by his latest business venture.

Bears News: Caleb Williams Starts Investment Firm

On June 12, the financial company Bloomberg reported that Williams is officially starting his own investment firm, 888 Midas. According to the firm's website, 888 Midas looks to "associate with and capitalize on select alternative investments in private equity, venture capital, and real estate."

Starting 888 Midas didn't come out of thin air. According to a press release by the firm, Williams "always planned on being both an athlete and a businessman." The 22-year-old gunslinger has even been working with one of the firm's partners, Ross Walker, since 2022, per Los Angeles Times' Ryan Kartje.

Here's a look at 888 Midas' full partner list:

• Sherif Guirgis (former Managing Director at Main Street Advisors)
• Ross Walker (Co-Founder, Managing Partner of Hawkins Way Capital)
• John Terzian (Co-Founder, Co-President of The h.wood Group)
• Lew Wolff (Chairman of Wolff Urban)

At the end of the day, Williams began his new journey so that he could better concentrate on his No. 1 priority: "bringing the Lombardi Trophy back home to Chicago where it belongs."

"To eliminate the potential for distraction, it was important to me to immediately set up a business operation with established, trusted partners and advisors I’ve known for years to strategically take advantage of ventures in the global marketplace."

- Caleb Williams

According to The Athletic's Kalyn Kahler, Williams made about $10 million in NIL and endorsements during his final two years at USC. He's also allegedly working with a "team of lawyers" instead of an NFLPA-certified agent as he seeks a four-year deal worth $39.4 million.

Assuming he lives up to his potential, Williams will have plenty of money to invest going forward. He's one of the most hyped QB prospects of the last decade and the sky is the limit for what he could accomplish both on the gridiron and financially.

As the NFL offseason continues, Williams is currently FanDuel Sportsbook's +140 favorite to be named the 2024 NFL Offensive Rookie of the Year.

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