Net Worth Ranker
What Is Steve Kerr’s Net Worth?
Steve Kerr, a celebrated figure in American professional basketball both as a player and a coach, has amassed a considerable net worth of $65 million. This substantial wealth is a result of his successful career spanning 14 seasons in the NBA, subsequent roles as a broadcaster and executive, and his current position as the head coach of the Golden State Warriors. His financial achievements are a testament to his enduring impact on the sport.
Steve Kerr’s Salary and Contract Details
As of February 2025, Steve Kerr’s annual salary from the Golden State Warriors stands at $17.5 million. This lucrative contract, signed in February 2024, is a two-year deal worth $35 million, making him one of the highest-paid coaches in the NBA at the time of signing. His coaching journey with the Warriors began in May 2014 with a five-year contract worth $25 million, translating to $5 million per season. In July 2018, Kerr agreed to a contract extension with the Warriors; while the exact terms were not disclosed, it is believed that the deal did not significantly differ in terms of salary compared to his initial contract. These contracts reflect his significant contributions to the Warriors’ success, including multiple NBA championships.
Early Life and Background
Steve Kerr was born on September 27, 1965, in Beirut, Lebanon. His family has a rich history in the Middle East, with his grandfather, Stanley Kerr, working as an American humanitarian in Beirut, aiding women and orphans affected by the Armenian Genocide. Kerr’s father, Malcolm, initially studied at Princeton University but later returned to Lebanon to complete his studies at the American University of Beirut, eventually earning a Ph.D. in Arabic Studies. It was there that Malcolm met Ann Zwicker, Steve’s mother. Tragically, Malcolm Kerr was assassinated by militant nationalists in Beirut on January 18, 1984, while serving as president of the American University of Beirut. Steve was 18 years old at the time and a freshman at the University of Arizona. This profound personal loss occurred when Steve Kerr was a freshman at the University of Arizona. Later, the Kerr family pursued legal action against the Iranian government under the Antiterrorism and Effective Death Penalty Act of 1996. Kerr’s early life experiences shaped his resilience and determination, qualities that have undoubtedly contributed to his success in basketball. Despite limited recruitment interest during high school, Kerr excelled during his collegiate career. He also secured a spot on the USA Basketball team that won a Gold Medal at the 1986 FIBA World Championship games.
NBA Playing Career and Earnings
During his 14-season NBA playing career, Steve Kerr earned a total of $15.8 million, which is equivalent to approximately $24 million in today’s dollars. His highest playing salary came during his final season, 2002-2003, when he earned $2.625 million from the San Antonio Spurs. Kerr was drafted in the second round of the 1988 NBA draft by the Phoenix Suns. He was traded to the Cleveland Cavaliers in 1989. He later achieved significant success with the Chicago Bulls, winning three consecutive NBA Championships from 1996 to 1998. He further added to his championship tally with two titles with the San Antonio Spurs in 1999 and 2003. During his time with the Chicago Bulls, Michael Jordan, known for his intense competitiveness, was famously hard on Steve Kerr and even punched him during a practice session. Notably, Steve Kerr holds the record for the highest career three-point shooting percentage in NBA history, solidifying his reputation as a skilled and efficient player.
Post-NBA Career and Broadcasting
After retiring from the NBA following the 2003 championship season, Steve Kerr transitioned into broadcasting, joining Turner Network Television (TNT) as a broadcast analyst. During his tenure with TNT, he also contributed as an NBA commentator to Yahoo!. Kerr’s voice became familiar to basketball fans as he provided commentary for several video games, including NBA Live 06, NBA Live 07, NBA Live 08, NBA Live 09, and NBA Live 10. In 2011, he served as the color commentator for NBA 2K12. Kerr also collaborated with Jim Nantz and Clark Kellogg for the First Four and Final Four games of the NCAA Men’s Division I Basketball Championship, starting in 2011 for Turner Sports and CBS. In 2004, Kerr and a group of investors attempted to purchase the Phoenix Suns from owner Jerry Colangelo for $300 million, but the deal did not materialize. However, Kerr later served as the team’s General Manager from 2007 to 2010, further cementing his involvement in the sport beyond playing and broadcasting.
Golden State Warriors Coaching Tenure
Steve Kerr’s coaching career reached new heights when he was appointed head coach of the Golden State Warriors on May 14, 2014. He was highly sought after by several teams, including the New York Knicks, but ultimately chose to join the Warriors, signing an initial five-year contract worth $25 million. In his first season, Kerr set a record for the most regular-season wins by a rookie coach, leading the Warriors to an NBA Championship. He became the first rookie coach in nearly 30 years to win an NBA Championship in his first season. Under his leadership, the Warriors reached the NBA Finals four consecutive years, securing championships in 2015, 2017, and 2018. These accomplishments solidified his reputation as one of the premier coaches in the NBA. Furthermore, Kerr is also the coach of the USA Men’s Olympic team, which earned him two Gold Medals, one in 2020 and another in 2024.
Real Estate Investments
In August 2018, Steve Kerr and his wife, Margo, purchased a 4,000 square-foot home in San Francisco’s Presidio Heights neighborhood for $7.35 million. Notably, they overpaid by $1.4 million over the asking price, indicating the desirability of the property and their willingness to invest in a prime location. The property is located in San Francisco’s Presidio Heights neighborhood. While specific details about the home’s features are not publicly available, its location in Presidio Heights suggests a high-end property with luxurious amenities and a prestigious address.
Personal Life
Steve Kerr has been married to his college sweetheart, Margo, since 1990. Together, they have three children. His family life remains relatively private, with limited details available about their personal activities and routines. The couple likely enjoys a comfortable lifestyle, given Kerr’s substantial net worth and high-profile career. Kerr is actively involved in coaching, often requiring travel and long hours, balancing these demands with his personal life. He and his family live in the San Francisco area. Further details about his daily routines are not publicly available.
