David Robinson doesn’t sit still. You might remember the towering 7-foot-1 frame, the rippling muscles, and the two NBA championships with the San Antonio Spurs, but the guy you see today is a completely different beast. Honestly, most retired legends just play golf or do occasional TV spots. Not David.
While the "Admiral" nickname still sticks, David Robinson now spends more time in boardrooms than on backboards. He’s essentially become a titan of private equity and education. But it hasn't all been smooth sailing lately. In late 2025, a massive legal battle surfaced that rocked his business world, proving that even a Hall of Famer can face some messy reality in the high-stakes game of finance.
The $34 Million Betrayal
You probably didn’t see this on SportsCenter. In December 2025, David Robinson filed a massive lawsuit in Texas Business Court. He’s suing his former long-term business partner, Daniel Bassichis, for allegedly diverting more than $34 million.
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It’s a heavy accusation. Robinson claims Bassichis, who co-founded Admiral Capital Group with him back in 2008, moved money without permission to fund a new real estate venture called Vero Capital.
The lawsuit mentions things like breaching fiduciary duty and fraud. Basically, the suit alleges that $18 million in proceeds from a refinancing deal and other funds meant for investors were redirected. For a guy who built his entire post-NBA reputation on integrity and "impact investing," this isn't just a financial hit. It’s personal.
Where the Admiral Capital Group Stands Today
Despite the legal drama, the machine keeps turning. David Robinson now serves as a director for Brown Advisory and remains the face of his investment empire. The whole philosophy behind his firm was always "make money, don't lose it," but with a twist. He wanted to tie investments into the community.
He’s currently focused on:
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- Impact Investing: Reinvesting 10% of profits into lower-income areas.
- Vero Capital: Though it rebranded from Admiral, the core team is still navigating the fallout of the current litigation.
- San Antonio Spurs: He isn’t just a former player; he’s a minority owner. He’s frequently seen around the facility, acting as a mentor to the new generation, including Victor Wembanyama.
He’s deeply involved in real estate. We're talking multi-family housing, office spaces, and industrial parks. But he doesn't just buy buildings to flip them. He buys them to fund schools.
The Carver Academy Success Story
If you ask David what he’s proudest of, he won’t say the 1995 MVP trophy. He’ll talk about Carver Academy.
He started the school in San Antonio with $10 million of his own cash. That was back in 2001. Today, it’s part of the IDEA Public Schools network. They have over 60 schools across Texas now, serving nearly 40,000 students.
The crazy part? They claim a 100% college matriculation rate for the last 14 years. That’s unheard of for schools primarily located in lower-income neighborhoods. He’s obsessed with the idea that education is the only real way to stop the "more jails, more police" cycle. He’s putting his money where his mouth is.
Family and The New Generation
The Robinson legacy is still growing. His son, David Robinson Jr., is actually a big deal in the wealth management world now. In early 2026, he was recognized by Forbes as part of a "Best-In-State Wealth Management Team" at Wells Fargo.
They work together on a lot of philanthropic stuff. Recently, they partnered with Spurs Give to raise $1 million for families impacted by the lingering economic effects of the pandemic and to support first responders.
Health and Staying Game-Ready
At 60 years old, David still looks like he could give most NBA centers 15 minutes of trouble. He’s a fitness freak. He still credits his Naval Academy discipline for his current lifestyle.
He eats clean. He trains hard. But he’s also realistic. He’s mentioned that his height—while a blessing on the court—is a challenge for the joints as you get older. He’s focused on longevity now, not just vertical leap.
What You Can Learn From The Admiral
David Robinson didn't just "retire." He transitioned. Most people struggle when their primary identity—like being an athlete—ends. Robinson survived because he started planning for "now" while he was still playing.
If you want to follow his lead, here are the actionable steps he’s modeled:
- Start the second act early. Robinson founded Carver Academy two years before he retired. Don't wait for the end to plan the beginning.
- Diversify your network. He didn't just hang out with ballplayers. He sought out finance experts, educators, and community leaders.
- Don't ignore the paperwork. The 2025-2026 lawsuit is a grim reminder. Even if you trust someone for 15 years, you have to stay on top of the books. Audits aren't just for IRS agents; they're for protecting your legacy.
- Focus on "Impact" over "Income." By making his business about helping kids, he created a brand that is much more resilient than just a standard investment firm.
David Robinson is currently navigating a tough legal season, but his footprint in San Antonio and the financial world is permanent. He’s proved that being a "Good Guy" doesn't mean being a pushover in business. It means having the resources to fight for what’s right.