Net Worth Ranker
What Is Kevin Garnett’s Net Worth?
Kevin Garnett, a retired American professional basketball player, has a net worth of $120 million. This substantial financial standing is primarily the result of his illustrious 21-year career in the National Basketball Association (NBA), coupled with strategic endorsement deals and post-retirement ventures.
NBA Career Earnings and Salary Details
During his NBA career, Kevin Garnett amassed a staggering $334,304,240 in salary alone. This figure positioned him as one of the highest-earning players in NBA history at the time of his retirement. To provide a comparative perspective, this total was approximately $11 million more than what Kobe Bryant, the second-highest-earning player at that time, had earned.
Garnett’s final season in the NBA saw him earning a salary of $12 million. This substantial income was further augmented by an estimated $10 million per year from various endorsement deals. His highest single-season salary reached $28 million, reflecting his peak market value and on-court performance.
In 1997, early in his career with the Minnesota Timberwolves, Garnett signed a six-year contract extension worth $126 million. This deal was a testament to his rising stardom and the Timberwolves’ commitment to building their franchise around him.
Early Life and Career Beginnings
Born on May 19, 1976, in Greenville, South Carolina, Kevin Maurice Garnett’s journey to NBA stardom began with a passion for basketball cultivated from an early age. He honed his skills on local courts and eventually gained recognition in high school, where he played organized basketball for the first time. While specific details regarding his childhood home address are not publicly available, it’s known that he grew up alongside two siblings and faced challenges that shaped his determination.
Garnett’s high school career was marked by a transfer to another school following an arrest related to a fight between black and white students, although he was not directly involved. Despite this setback, he excelled on the basketball court, drawing the attention of NBA scouts. His performance at a tryout camp further solidified his potential, leading him to enter the 1995 NBA Draft.
Initially, Garnett started slowly with the Minnesota Timberwolves, becoming the youngest NBA player in history at the time, at 19 years and 11 months. His early performance stats, while not immediately stellar, laid the foundation for his future dominance. His scoring average increased steadily each year as he adjusted to the professional game.
Key Career Milestones and Achievements
One of Garnett’s most significant achievements came in 2004 when he was named the NBA Most Valuable Player (MVP). That year, he averaged 24.2 points, 13.9 rebounds, and 5.0 assists per game, leading the Minnesota Timberwolves to the Western Conference Finals. Between 2001 and 2004, Garnett consistently demonstrated his exceptional talent, contributing significantly to the Timberwolves’ success and ultimately securing the MVP title in 2004.
In 2007, Garnett was traded to the Boston Celtics, where he formed the “Big Three” with Paul Pierce and Ray Allen. This trio led the Celtics to an NBA Championship in 2008, with Garnett’s defensive prowess earning him the NBA Defensive Player of the Year award. In that championship-winning season, Garnett averaged 18.8 points and 9.2 rebounds per game, anchoring the Celtics’ defense.
Throughout his 21-year NBA career, Kevin Garnett achieved impressive totals of 26,071 points, 14,662 rebounds, and 5,445 assists. His consistent performance and dedication to the game earned him 15 NBA All-Star selections and nine NBA All-Defensive First Team honors.
Post-Playing Career Ventures
After retiring from the NBA in 2016, Kevin Garnett transitioned into the entertainment industry, making appearances on shows like “Inside the NBA.” He also starred in the 2019 film “Uncut Gems,” alongside Adam Sandler, Julia Fox, Idina Menzel, and LaKeith Stanfield. While specific earnings from these ventures are not publicly disclosed, they contributed to his overall financial portfolio.
In 2017, Garnett became a consultant for the Los Angeles Clippers and the Milwaukee Bucks, providing his expertise and insights to the teams. The financial details of these consulting roles have not been publicly released.
Garnett also pursued business ventures in sports team ownership. In 2011, he became a limited shareholder for the Italian Serie A soccer team A.S. Roma. In 2020, he expressed interest in becoming the new owner of the Minnesota Timberwolves and was part of a group hoping to buy the franchise from Glen Taylor. The outcome of this potential acquisition and the specific financial terms involved remain undisclosed.
Real Estate Assets
In 2003, Kevin Garnett purchased a property on the Pacific Coast Highway in the Los Angeles area for $6.4 million. This property served as his off-season home, providing him with a relaxing environment and opportunities for physical fitness activities. In 2013, he initiated extensive renovations on the property, investing significant sums of money in upgrades and expansions.
In 2018, Garnett listed the renovated property for $19.9 million, but subsequently removed it from the market. Court documents related to a lawsuit revealed that he was willing to spend $695,000 on new doors and windows, $300,000 on a new granite driveway, $300,000 on exterior stucco, and $30,000 on a pool house roof. These renovations expanded the property’s square footage from 8,156 to over 11,000 square feet.
In 2014, Garnett sold his property in Concord, Massachusetts, for $3.635 million, incurring a loss compared to the $4.625 million he originally paid in 2007. The property, situated on 12.7 acres of forested land overlooking Howe’s Pond, featured 11,000 square feet of living space, including a wine cellar, a gym, and a media room. He had initially listed the property for $4.85 million in 2013 but eventually accepted price cuts totaling $851,000 before selling it.
Legal Issues and Financial Disputes
In 2018, Kevin Garnett filed a lawsuit against his accountant, alleging that the accountant collaborated with a wealth manager to steal more than $77 million from him. The lawsuit named Michael Wertheim and Charles Banks IV as defendants, claiming that Wertheim knew about Banks’s fraudulent activities but failed to take action. Both men denied the allegations, and Banks had previously been sentenced to four years in prison for defrauding Tim Duncan, another NBA star. Specific details regarding the outcome of Garnett’s lawsuit and any financial settlements reached are not publicly available.
In 2020, Garnett faced legal action from an LA-based construction firm, which accused him of not paying $173,000 worth of construction work on his Pacific Highway home. The firm sought the authorization of a lien on the property in case of foreclosure. The resolution of this legal dispute and any financial implications for Garnett remain undisclosed.
The specific makes and models of Kevin Garnett’s personal vehicles and any private aircraft he may own are not publicly known.
