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Top 10 Richest Basketball Players In The World According To Forbes (2024)
Basketball is not only one of the most exciting sports but also a lucrative career for top athletes who excel both on and off the court. The following is an updated list of the richest basketball players globally, including retired and active stars who have leveraged their fame into massive fortunes through endorsements, investments, and business ventures.
1. LeBron James - Net Worth: $1 Billion
LeBron James stands out as the first active NBA player to achieve billionaire status. He has earned over $430 million from his NBA salary playing for the Cleveland Cavaliers, Miami Heat, and Los Angeles Lakers. Beyond the court, LeBron’s business ventures and endorsements—such as deals with Nike, PepsiCo, and Blaze Pizza—contribute significantly to his wealth. His investment in entertainment via SpringHill Company also solidifies his position as a mogul.
2. Michael Jordan - Net Worth: $2 Billion
Michael Jordan remains the gold standard for basketball wealth. As a retired player, he benefits heavily from his Jordan Brand under Nike, which generates billions annually. His ownership stake in the Charlotte Hornets (recently sold for a massive profit) and lucrative endorsements like Gatorade and Hanes have helped Jordan build a fortune unparalleled in sports.
3. Junior Bridgeman - Net Worth: $600 Million
Though not as prominent on the court, Bridgeman's post-retirement ventures make him a standout. After retiring, he invested in fast-food franchises, owning over 100 Wendy’s and Chili’s restaurants. Later, he entered the beverage industry, becoming a Coca-Cola bottler, and acquired Ebony and Jet magazines, establishing himself as a business titan.
4. Shaquille O’Neal - Net Worth: $450 Million
Shaq's larger-than-life persona transcends basketball. During his NBA career, he earned nearly $300 million in salary, but his endorsements and entrepreneurial ventures expanded his wealth exponentially. From owning franchises like Five Guys and Papa John’s to early investments in tech companies like Google, Shaq is a savvy businessman.
5. Vinnie Johnson - Net Worth: $420 Million
Known as "The Microwave" during his NBA career, Vinnie Johnson made his fortune after basketball by founding the Piston Group, an automotive manufacturing company. The company generates billions in revenue, making him one of the wealthiest former athletes.
6. Hakeem Olajuwon - Net Worth: $320 Million
The Nigerian-born legend built his fortune on and off the court. He earned $110 million in salary during his NBA career but significantly increased his wealth through real estate investments. Olajuwon’s portfolio includes high-value properties in Houston and beyond.
7. Kevin Durant - Net Worth: $320 Million
Durant is not just a superstar athlete but also a savvy investor. With stakes in companies like Postmates and investments through his Thirty Five Ventures, Durant has diversified his earnings. He also continues to make significant money through endorsements with Nike and other brands.
8. Grant Hill - Net Worth: $260 Million
Grant Hill enjoyed a stellar NBA career but became even more successful as a businessman. He co-owns the Atlanta Hawks and has lucrative endorsement deals, further increasing his wealth.
9. David Robinson - Net Worth: $200 Million
“The Admiral” accumulated significant wealth during his career and post-retirement through investments in real estate and private equity. His company, Admiral Capital Group, has investments across various sectors, including hospitality and education.
10. Kobe Bryant (Posthumous) - Net Worth: $600 Million
Though tragically passing in 2020, Kobe’s legacy as a basketball icon and entrepreneur lives on. His investments in BodyArmor, which was acquired by Coca-Cola, significantly boosted his wealth. His estate continues to thrive through various ventures and endorsements.
Common Factors Behind Their Wealth
- Endorsements: Many basketball stars have partnered with global brands like Nike, Adidas, and PepsiCo, earning millions annually.
- Investments: Successful players often diversify their income through investments in tech, real estate, and startups.
- Business Ventures: Ownership stakes in sports teams, franchises, and other businesses have proven highly profitable.
This list highlights how these athletes have utilized their fame and fortune to establish themselves as global business leaders, leaving a lasting impact on and off the court.
