Lamar Joseph Odom Net Worth

What Is Lamar Joseph Odom’s Net Worth?

Lamar Joseph Odom, the former NBA star, boasts a net worth of $30 million. A significant portion of his wealth was amassed during his professional basketball career, primarily through his NBA contracts. While Odom’s net worth reflects his peak earning years, it’s essential to consider the impact of various personal and financial challenges he has faced throughout his life.

Lamar Odom’s Career Earnings in the NBA

During his time in the NBA, Lamar Odom earned an impressive $115 million in total salary before taxes. His most lucrative season was the 2008-2009 season with the Los Angeles Lakers, where he earned $14 million. Here’s a breakdown of his earnings by team and notable contracts:

Los Angeles Clippers (1999-2003): Odom began his NBA journey with the Clippers after being drafted fourth overall in 1999. His rookie contract and subsequent extensions contributed significantly to his early career earnings. Specific contract details from this period are not publicly available, but typical rookie contracts for a fourth overall pick would have been substantial.
Miami Heat (2003-2004): Odom’s stint with the Miami Heat further boosted his earnings. While specific contract figures for his single season with the Heat aren’t readily accessible, it’s reasonable to assume a competitive salary commensurate with his performance and status as a rising star.
Los Angeles Lakers (2004-2011): This was the most financially rewarding period of Odom’s career. He signed several contracts with the Lakers, including the aforementioned 2008-2009 season where he earned $14 million. Detailed contract information from Spotrac indicates that in July 2006, Odom signed a four-year contract with the Lakers for $33 million. His role as a key player on championship-winning teams led to these lucrative deals.
Dallas Mavericks (2011-2012): Odom’s time with the Mavericks was short-lived, but he still received a significant salary. The details of his contract during this time are not comprehensively available.
Los Angeles Clippers (2012-2013): A return to the Clippers marked another chapter in his NBA career, adding to his overall earnings. Specific contract figures from this return are not comprehensively available.

Beyond his NBA salary, Odom also generated income from endorsements and sponsorships. However, specific details regarding the brands he endorsed and the exact amounts he earned from these deals are not publicly available. Considering his high profile during his Lakers tenure and his appearances on “Keeping Up with the Kardashians” and “Khloe & Lamar,” it is likely that endorsement deals contributed significantly to his overall income.

Early Life and Career Beginnings

Lamar Joseph Odom was born on November 6, 1979, in South Jamaica, Queens, New York City. He faced significant adversity early in life. His mother passed away from colon cancer when he was just 12 years old, and his father struggled with heroin addiction. He was raised by his grandmother, Mildred, who played a crucial role in his upbringing and provided him with stability and support.

Odom’s basketball journey began in the New York City school system. He attended three high schools: Christ The King Regional High School, Redemption Christian Academy, and St. Thomas Aquinas High School. His exceptional talent and dedication to the sport quickly made him a standout player. In 1997, he earned numerous accolades, including Parade Player of the Year, USA Today All-USC First Team, and Parade All-American First Team. These honors highlighted his potential and attracted attention from college recruiters.

Initially, Odom considered entering the NBA directly after high school but ultimately decided to pursue a college education. He received a scholarship from the University of Nevada, Las Vegas (UNLV). However, his scholarship was revoked due to concerns about his ACT score and an arrest for soliciting prostitution. He then enrolled at the University of Rhode Island, where he played for one season (1998-1999) before declaring for the NBA Draft.

In 1999, Odom was drafted by the Los Angeles Clippers as the fourth overall pick. His rookie season was impressive, earning him a spot on the 2000 NBA All-Rookie First Team. This early success laid the foundation for a successful and financially rewarding career.

Personal Life and Challenges

Lamar Odom’s personal life has been marked by both success and hardship. He was in a long-term relationship with Liza Morales, and they had three children together: Destiny (born in 1998), Lamar Jr. (born in 2002), and Jayden (born in 2005). Tragically, Jayden passed away from Sudden Infant Death Syndrome (SIDS) in 2006, a devastating loss for the family.

In September 2009, Odom married Khloé Kardashian after a whirlwind romance. Their wedding and subsequent life together were heavily featured on the reality show “Keeping Up with the Kardashians,” catapulting Odom to a new level of fame. They even had their own spin-off series, “Khloé & Lamar,” which debuted in April 2011. However, the show was canceled after two seasons.

Odom’s personal struggles intensified in the following years. In August 2013, he was arrested for driving under the influence (DUI) and refused to take a chemical drug test. He pleaded no contest to the DUI and was sentenced to three years of probation and ordered to complete three months of alcohol abuse treatment. Shortly after, Khloé Kardashian filed for divorce.

In October 2015, Odom was found unconscious at the Love Ranch, a legal brothel in Nevada. He was hospitalized with kidney failure and suffered multiple strokes and heart attacks. He was placed on life support and remained in a coma for a period of time. Khloé Kardashian withdrew her divorce petition and remained by his side during his recovery. They ultimately divorced in December 2016.

In November 2019, Odom announced his engagement to Sabrina Parr, a health and lifestyle coach. However, the engagement was called off in November 2020.

In April 2023, Odom revealed his investment in several rehab facilities in California and the launch of Odom Wellness Treatment Centers, aimed at helping individuals struggling with addiction.

Real Estate Investments

Lamar Odom has also invested in real estate throughout his career. In 2003, he purchased an 8,557-square-foot mansion in Pinecrest, Florida, a Miami suburb, for just under $3 million. After being traded from the Miami Heat, he initially rented the property for $20,000 per month. He later attempted to sell the home, listing it for $5.2 million in April 2017. Over time, he reduced the price several times, eventually listing it for $3.4 million in January 2018 before relisting it for $3.6 million the following month. The exact date and final sale price of this property are not publicly available.

In 2014, Odom and Khloé Kardashian sold their marital home, an 8,000-square-foot residence in the Mulholland Park neighborhood of Tarzana, California, for $5.499 million. The buyer was Kaley Cuoco, known for her role on “The Big Bang Theory.” The purchase price suggests that Odom and Kardashian likely realized a profit on the sale of this property.

Further details on Odom’s real estate portfolio, including any additional properties he may own or have owned, are not readily available in the public record. However, it’s likely that he has made other investments in real estate throughout his career, given his substantial earnings. Specific addresses, purchase prices, and sale prices of these potential investments are not publicly known.

Lamar Odom’s Net Worth: Additional Factors

Several factors beyond salary and real estate contribute to the understanding of Lamar Odom’s net worth. These include:

Taxes: As a high-income earner, Odom would have paid significant amounts in federal and state income taxes throughout his career. These tax obligations would have reduced his net earnings. The exact amount of taxes paid is not publicly available.
Agent Fees: NBA players typically pay a percentage of their salary to their agents. These fees can range from 3% to 4%, depending on the agent and the player’s contract.
Living Expenses: Odom’s lifestyle, including his homes, cars, travel, and personal expenses, would have contributed to his overall spending. Specific details on these expenses are not publicly available.
Legal and Medical Expenses: Odom has faced significant legal and medical challenges in recent years, which likely incurred substantial expenses. The exact amounts are not publicly available.
Child Support: As a father of three, Odom would have been responsible for child support payments. The specific amounts of these payments are not publicly available.
Investments: While details are limited, it is likely that Odom has made investments in various ventures throughout his career. The performance of these investments would have affected his overall net worth.
Financial Management: Effective financial management is crucial for maintaining wealth. It is not publicly known how Odom managed his finances throughout his career.

In conclusion, Lamar Joseph Odom’s net worth of $30 million reflects his successful NBA career and other ventures. While his earnings were substantial, various personal and financial challenges have likely impacted his overall wealth.