What is Carmelo Anthony's Net Worth?

By Edcel Panganiban July 19, 2024 08:22

Photo by Alex Goodlett/Getty Images

Over his 19-year NBA career, Carmelo Anthony is one of the better-known former professional basketball players, and throughout his years, he collected a fortune net worth. One of the generation's most awarded and wealthiest athletes, Anthony graduated from Syracuse to go on to become a ten-time NBA All-Star.

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Careers Earnings of Carmelo Anthony

His net worth is partly based on his huge income as an NBA player. Throughout his career, he made $262.5 million in salary alone, an all-time high for the league, and has quickly acquired fame as one of the highest-paid athletes.

NBA Contracts and Salaries

Anthony's largest contract of his career was the six-year, $125 million deal he signed with the New York Knicks. He also made a pretty penny from his stints with the Denver Nuggets ($75.5 million), Oklahoma City Thunder ($26.2 million), and several other teams, including the Houston Rockets, Chicago Bulls, Portland Trail Blazers, and Los Angeles Lakers.

Anthony was bought out of his $25.5 million contract with the Atlanta Hawks in 2018 and signed a veteran minimum deal worth just $2.4 million with the Rockets.

Endorsement Deals

Besides his NBA salary, Carmelo Anthony's endorsement deals have also contributed largely to his net income. It is thought that he made approximately $145 million throughout his professional career in sponsorship and marketing deals.

Melo's Portfolio

Carmelo Anthony has shown extreme business savviness with his investments as a way not solely to rely on basketball money. He has so far made strategic investments in different sectors, which has also added to his net worth.

Venture capital and Private equity opportunities

Anthony co-founded M7 Tech Partners, a venture capital firm investing in emerging digital media and consumer internet-centric technology businesses in 2014. Melo also invested in companies like Lyft, DraftKings, Seat Geek, Bonobos, and Clubhouse. On top of that, Anthony formed a $750M PE fund in collaboration with Isos Capital to invest in the equity of top-tier professional sports franchises.

Wine and Spirits

Carmelo Anthony has also entered the wine and spirits market with an established partnership via The Dream Hotel Group's new Vins Des États collection and Moët & Chandon. This partnership has resulted in further diversification of his investments and even more revenue streams.

Future Perspective and Conclusion

Thanks to a successful pro career and smart money habits, Carmelo Anthony's net worth is only going to go up in the coming years. His interest in venture capital, private equity, and other business-led roles as he looks to transition into his next life chapter could also add further zeroes to what already is potentially unrivaled earning power.

In addition, Anthony's legacy as a basketball icon and his continued involvement in the game, whether working with media or coaching players on and off the court for teams, will significantly add to his $280 million net worth.