Malik Beasley net worth in 2024: how rich is he now?
Let’s talk about Malik Beasley net worth 2024. So, how much do you think this professional American basketball player worth? I always identify him being a guard for the Denver Nuggets.
Talking about Malik Beasley Net worth 2024. According to multiple sources Malik Beasley has an estimated net worth of $12 million. Even fresherslive also confirmed this.
Malik Beasley net worth: Who is Malik Beasley?
Credit: Sydney fink X (Twitter)
Malik Beasley is an American professional basketball player. He is a guard for the Denver Nuggets, with an estimated net worth of $12 million.
Key takeaway:
- Net worth: $12 million
- Birthdate: November 26, 1996 (27 years old)
- Birthplace: Atlanta, Georgia
- Nationality: American
- Profession: American professional basketball player
- Height: 193 cm (6 feet, 3 inches)
- Weight: 85 kg (187 lbs)
As mentioned about, he was born on November 16, 1996, in Atlanta, Georgia. He is a 6’4 shooting guard who has played for St. Francis High School.
He played college basketball for Florida State, where he was selected for the ACC All-Freshman team in 2016.
In the same year, Malik was drafted #19 overall by the Denver Nuggets NBA Draft and had a record of playing for the Nuggets between 2016 and 2020.
Within the same duration (2016–2020), he was also playing for the Sioux Falls Skyforce of the G-League, but in 2020, he was traded to the Minnesota Timberwolves.
However, in Malik’s first five NBA seasons, he has averaged 8.2 points in each game he played that season. Wow, that’s awesome and worth congratulating.
To summarize Malik’s life story in 2020, hear this: in 2020, he was seen hanging out with Larsa Pippen, the ex-wife of Scottie Pippen, who was then 22 years his senior.
What happened after that? Immediately after photos of them both were posted online (Malik and Larsa), his wife, Montana Yao, filed a divorce letter for him.
See also…
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- Allen Iverson net worth 2024 – Early life, Family, Parents, Achievements
- Bill Walton Net Worth 2024
Malik Beasley Contracts: How much is Malik Beasley’s salary?
In 2013, Beasley signed a one-year contract worth $2.7 million with the Milwaukee Bucks. Aside from this, his $2.7 million salary for the 2023–2024 NBA season is sure and guaranteed already.
But, however, Malik’s annual salary results in a $2 million salary cap that’s a hit for the Bucks because of the declining scale of his previous deal.
But luckily enough, if he is waived in the upcoming season, that means that Beasley’s leftover $2 million guaranteed would still count against Milwaukee’s cap restrictions, pointing to the NBA collective bargaining rules.
What a value! Although he is a bench player currently, the team values his outside shooting enough so that he will continue paying seven figures for the next year.
Malik Beasley net worth: Other Sources of Income and Endorsements
Malik personal investments is private, we know other smaller ventures are producing extra income, although they are not publicly known currently.
Although investments are private, endorsements paired with his Bucks deal remain the main drivers of additional income.
Beasley supplements that basketball pay through shoe sponsorships, with brands hoping to tap into his visibility and likeness. Between these two prominent areas, his All-Star caliber talent level allows for high-value deals on the court and off.
Endorsements won by Malik Beasley
The first endorsement won by Malik is Nike after entering the NBA, latching on as part of their constant of athletes promoting LeBron’s signature basketball shoes.
But Beasley left Nike in favor of a deal with Converse in 2022, wearing their All-Star BB Prototype CX model while he was still playing for the Bucks last season.
In April 2023, as reported, Beasley again changed shoe allegiances, but this time he linked up with the Chinese brand Xtep to be the face of their “Battle” basketball silhouette going forward.
The Xtep deal offered him more guaranteed money and potential signature shoes to raise Beasley’s profile in Asia, although he is not yet an NBA superstar.
Malik’s 27-year-old scoring talent has won him a challenging endorsement figure abroad, and this securing of shoe deals has topped up a crucial extra income on Malik’s NBA salary over his pro career so far.
Malik Beasley net worth: Investments owned by Malik
In recent times, Beasley has not publicly shared details of his personal investments and financial portfolio yet.
But it would be wrong to assume that he has shared some percentage of his $12 million net worth in different investments.
Reportedly, most NBA player investments fall under government and corporate bonds, real estate holdings, index funds, and other active investments like starting up a company or companies.
But, however, Beasley’s current investments are likely to emphasize steady growth over high risk and leverage substantial lifetime earnings appropriately.
Conclusion
Malik is a good basketball player and is currently 27 years old, living in Atlanta, Georgia, United States. Malik Beasley’s wife is Montana Yao, and has been doing well in basketball to date.
