Carmelo Anthony's Massive $160 Million Net Worth & Career Earnings Breakdown

Carmelo Anthony's Massive $160 Million Net Worth & Career Earnings Breakdown.

Carmelo Anthony’s Net Worth, Career Earnings, and Salary Breakdown

Carmelo Anthony is a retired American basketball player with a net worth of $160 million. He’s best known for his time with the New York Knicks. Over his career, he was selected as an NBA All-Star ten times and made the All-NBA Team six times. On May 22, 2023, he officially announced his retirement after 19 years in the league, during which he raked in over $262 million just from his salary.

Early Life

Carmelo Anthony was born on May 29, 1984, in Red Hook, New York. Tragically, his mother, Mary, passed away from cancer when he was just two years old. When he turned eight, his father relocated the family to Baltimore, where they settled in a tough neighborhood. Sports became a vital escape from the surrounding violence and drug issues in the housing projects nearby. For high school, Anthony travelled to Towson Catholic School.

In the summer of 1999, he experienced a sudden growth spurt, shooting up five inches to 6'5." He quickly established himself as one of the top players in the area, even earning the title of "The Baltimore Sun's" metro player of the year. After spending a year at Syracuse University from 2002 to 2003, he decided to go pro and enter the NBA draft. While at Syracuse, he helped lead the team to a national championship as a freshman in 2003 and was recognized as the NCAA Tournament's Most Outstanding Player.

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Pro Basketball Career

Carmelo was picked third overall in the first round of the 2003 NBA draft by the Denver Nuggets, right after LeBron James at number one and Darko Miličić at number two. Over his first nine years in the league, he raked in over $94 million just from his salary. Carmelo spent his first seven seasons with the Nuggets, who selected him after he played a year at Syracuse.

While with Denver, he took the team to the playoffs every year from 2004 to 2010 and helped them snag two division titles. He played for the Nuggets from 2003 to 2011, then moved on to the New York Knicks from 2011 to 2017, and later joined the Oklahoma City Thunder in 2017. In 2014, he had a standout game, scoring a career-high 62 points, which set a single-game record for the Knicks.

Carmelo is a 10-time NBA All-Star and represented Team USA in the Olympics in 2004, 2008, 2012, and 2016, bringing home gold medals in 2008, 2012, and 2016, along with a gold from the 2007 Americas Championship. He also clinched the NBA scoring title in 2013.

In August 2018, he signed a one-year deal worth $2.4 million with the Houston Rockets but missed the last three games of the season due to an undisclosed illness. The Rockets traded him in 2019. During the 2018-2019 season, he played for the Atlanta Hawks and Chicago Bulls, earning another $2.4 million.

He then joined the Portland Trail Blazers for the 2019-2020 season, where he made $2.1 million. He signed a one-year, non-guaranteed contract on November 19, 2019, which became fully guaranteed in January 2020. On February 23, 2020, he scored a season-high 32 points against the Detroit Pistons. Carmelo announced his retirement from the NBA on May 22, 2023.

Salary

Carmelo Anthony's highest annual salary hit $26 million during the 2017-2018 season. On top of that, he raked in another $9 million each year from endorsements. His deal with the New York Knicks was a hefty $80 million over five years. From June 2017 to June 2018, he made a total of $33 million from both his salary and endorsements. Overall, Carmelo pulled in $260 million just from his NBA salary. Here's how that breaks down:

$53 million from the Nuggets (spending 2,775 days with the team)

$136 million from the Knicks (2,404 days)

$26 million from the Thunder (297 days)

$25.5 million from the Hawks (27 days)

$182,000 from the Rockets (94 days).

Personal Life

Carmelo tied the knot with MTV star La La Vasquez in July 2010 after being engaged since 2004. They welcomed their son, Kiyan Carmelo Anthony, in March 2007. However, by 2017, news broke that La La had moved out, leading to their separation. During their "on-again, off-again" phase, Carmelo had a child named Genesis Harlo with Mia Burks. He acknowledged his role as Genesis's father, taking responsibility and providing financial support, but he hasn’t shared much about her publicly.

In April 2008, Carmelo was arrested for suspected DUI. He got a ticket and was released, but the Nuggets ended up suspending him for two games.

Fast forward to June 2021, La La officially filed for divorce from Carmelo.

Philanthropy

Anthony has been really generous with his donations over the years. Back in 2006, he gave $1.5 million to the Living Classrooms Foundation and another $3 million to Syracuse University to help build a basketball practice facility, which will actually bear his name. While he was in Denver, he also served as a spokesperson for the Family Resource Center and played a big role in organizing Christmas parties for kids in need.

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In 2004, he contributed $35,000 to support relief efforts after the Indian Ocean earthquake. His total charitable contributions reached $4,282,000, earning him the #8 spot on the "Giving Back 30 List of Largest Charitable Donations by Celebrities" in 2006.

Real Estate

In 2007, while playing for the Denver Nuggets and with the real estate market booming, Carmelo Anthony bought a massive 21,000-square-foot mansion in Denver for $12 million, sitting on almost six acres. He put the place up for sale in 2010, right after the market crashed, asking for $9.5 million. In the end, he sold it for $6.2 million, taking a hit of nearly $6 million. He’s also said to own another spot in Colorado, a 12,700-square-foot house that features an indoor basketball court and a batting cage.

Fast forward to 2015, Carmelo snagged a brand new five-bedroom condo in New York City for $11 million. He tried to sell it in February 2020 for $12.85 million, but it didn’t go through, so he pulled it off the market, gave it a major makeover, and then re-listed it in 2022 for $12.5 million.

Investments

In 2015, Carmelo started the Puerto Rico FC, which was an expansion team in the North American Soccer League. Then in 2018, he spearheaded a $5 million investment in Nobodys Pizza, aiming to expand the chain to 20 to 30 spots nationwide. Fast forward to April 2021, and Anthony kicked off his own production company called Creative 7.

Carmelo Anthony, with a net worth of $160 million, enjoyed a successful 19-year NBA career, earning over $260 million from salaries alone. Known for his time with the New York Knicks, he was a 10-time NBA All-Star and secured gold medals with Team USA in four Olympic Games. Beyond basketball, Anthony has ventured into business, investments, and philanthropy, contributing millions to various causes.

His real estate and business investments, including starting Puerto Rico FC and a production company, have further bolstered his wealth. After retiring in 2023, Carmelo continues to thrive off the court with numerous ventures and commitments.