Karl Malone Highest-Paid Basketball player in the World
- By Carol Kearney
- Washington
- Last updated on
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- Breaking news April 19, 2024
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It's been a rough year for the basketball player, but at least he has his millions of dollars to ease the pain. 60-year-old Karl Malone has taken the No. 1 spot on People With Money’s top 10 highest-paid basketball players for 2024 with an estimated $82 million in combined earnings.
UPDATE 20/04/2024 : This story seems to be false. (read more)
Karl Malone tops annual list of highest-paid basketball players
In 2021 it looked like the basketball player’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Friday (April 19) that Malone is the highest-paid basketball player in the world, pulling in an astonishing $82 million between March 2023 and March 2024, a nearly $50 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The American basketball player has an estimated net worth of $245 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Malone Burger” chain) in Washington, a Football Team (the “Summerfield Angels”), has launched his own brand of Vodka (Pure Wondermalone - US), and is tackling the juniors market with a top-selling perfume (With Love from Karl) and a fashion line called “Karl Malone Seduction”.
The ranking is significant for many Karl fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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