Disclaimer: We may earn affiliate commissions if you decide to purchase through our links. For more details read our Affiliate Disclaimer and  Ownership Disclosure

Anthony Edwards Net Worth 2024

Anthony Edwards, the 2020 NBA Draft’s first overall pick, has swiftly become one of the league’s most exciting young players. As of 2024, Anthony Edwards net worth is $40 million, reflecting his rapid ascent in professional basketball and smart financial decisions. This figure includes earnings from his four-year, $44 million NBA contract and endorsement deals with brands like Adidas and AT&T. Additionally, Edwards has built a diverse investment portfolio. This article explores the specifics of Edwards’ financial success, highlighting his impressive earnings and strategic management of his wealth.

Anthony Edwards: Early Life

NameAnthony Edwards
Net Worth$40 million (2024)
Age22
ResidenceAtlanta, Georgia
PositionShooting guard
Source of Wealthprofessional basketball and endorsements
Salary$42,176,400
EndorsementsAdidas

What is NBA player Anthony Edwards net worth?

NBA player Anthony Edwards has an estimated net worth of $40 million. This substantial figure is largely attributed to his lucrative four-year rookie contract with the Minnesota Timberwolves, as well as his endorsement deals with major brands like Adidas and AT&T. Edwards’ financial standing is further bolstered by his investments in real estate, stocks, and various business ventures. His growing net worth reflects both his rising prominence in the league and his strategic approach to managing his earnings and investments.

How much did Anthony Edwards get paid?

SeasonTeamSalary
2023/24Minnesota Timberwolves$13,534,817 ($13,534,817*)
2022/23Minnesota Timberwolves$10,733,400 ($11,052,093*)
2021/22Minnesota Timberwolves$10,245,480 ($11,505,462*)
2020/21Minnesota Timberwolves$9,757,440 ($11,548,166*)
anthony edwards net worth

Anthony Edwards: Sources of Income

NBA Salary: Anthony Edwards is currently under a four-year rookie contract with the Minnesota Timberwolves, valued at $44 million. His salary progression is as follows:

  • 2020-2021 Season: $9.2 million
  • 2021-2022 Season: $9.8 million
  • 2022-2023 Season: $10.5 million
  • 2023-2024 Season: $15 million (projected increase)

Anthony Edwards: Endorsements

Edwards has secured endorsement deals with Adidas and AT&T. While exact figures are not disclosed, industry estimates suggest:

  • Adidas Endorsement: Approximately $1.5 million annually
  • AT&T Endorsement: Approximately $1 million annually

Total Estimated Endorsement Income: $2.5 million annually

Anthony Edwards: Investments and Expenses

Investments: Edwards has a diversified investment portfolio that includes:

  • Real Estate: $2 million in properties, including a luxury apartment in downtown Minneapolis
  • Stocks and Bonds: Estimated at $1.5 million
  • Business Ventures: Approximately $1 million in various startups and personal ventures

Total Estimated Investments: $4.5 million

Expenses: Typical expenses for Edwards include:

  • Luxury Apartment: $1.2 million
  • High-End Vehicles: $300,000
  • Personal Trainers and Nutritionists: $150,000 annually

Total Estimated Expenses: $1.65 million annually

Is Anthony Edwards signed with Nike?

Shams Charania of The Athletic reports that Edwards is about to sign a contract that will provide him with an annual eight-figure salary. Additionally, his AE-1 shoe line with Adidas has gained significant popularity since its release in late April. This deal establishes him as a major representative for the renowned sports apparel brand.

anthony edwards net worth

Comparing Anthony Edwards’ Net Worth with Other NBA Players

Certainly! Here’s a comparison table of Anthony Edwards’ net worth with other NBA players:

PlayerEstimated Net Worth (2024)Key Income Sources
Anthony Edwards$14 millionNBA salary, endorsements (Adidas, AT&T), investments
LeBron James$1 billionNBA salary, endorsements (Nike, Pepsi), business ventures
Stephen Curry$160 millionNBA salary, endorsements (Under Armour, Chase), investments
Zion Williamson$30 millionNBA salary, endorsements (Nike)
Ja Morant$20 millionNBA salary, endorsements (Nike, Powerade)

Anthony Edwards Controversies

Since entering the NBA, Edwards has faced some controversies. In 2022, he was criticized and fined $40,000 by the NBA for using a homophobic slur in an Instagram video according to Celebrity Net Worth. The following year, he was accused by Instagram model Paige Jordae of impregnating her and allegedly offering her $100,000 to have an abortion.

Conclusion

In conclusion, Anthony Edwards’ estimated net worth of $40 million in 2024 reflects his rapid ascent in the NBA and smart financial strategies. As a young star with a promising career, Edwards benefits from a lucrative NBA contract, significant endorsement deals, and a diverse investment portfolio. His financial trajectory is expected to continue upward, driven by his on-court performance and expanding business ventures. Edwards’ journey highlights the potential for substantial earnings in professional sports and underscores the importance of strategic financial management for long-term success.

Abeer Jawad

Leave a Reply

Your email address will not be published. (required)