The International Olympic Committee on Monday awarded the 2026 Winter Olympic games to Milan and Cortina d'Ampezzo in northern Italy over Stockholm and Åre, Sweden.
The big picture: Italy last hosted the games in Turin in 2006, while Cortina's Alpine ski resort was last on the Olympic stage in 1956. The IOC pledged to provide the country with $925 million for operating costs of up to $1.7 billion, AP reports.
Luol Deng has made $151 million playing basketball during his 15-year NBA career. All the while, he's been investing in real estate, amassing an impressive portfolio worth $125 million.
Why it matters: "Real estate might not be as sexy or generate the headlines of athletes pouring money into tech startups, but the potential returns can be much more lucrative," writes Forbes' Kurt Badenhausen.
