Even though he averaged 25.3 points per game during his college career, before Wardell Stephen Curry II joined the NBA via the Golden State Warriors in 2009, he was not so popular. However, in recent years, that has changed. Steph Curry is now considered one of the greatest players in the history of the NBA, as well as the greatest shooter in the game’s history, and he has the net worth to match his reputation.
The Akron, Ohio-born basketball player has a net worth of $130 million, which makes him one of the wealthiest athletes on the planet. He has been able to amass his wealth via various means, including mega salaries as an NBA superstar, as well as other ventures.
We discuss how Steph Curry achieved his $130 million net worth in detail below.
How Did Steph Curry Achieve his Net Worth of $130 Million?
6 feet 3 inches tall Steph Curry has spent more than a decade in the NBA. In that time, he has gone from unknown rookie to three-time NBA champion, two-time NBA Most Valuable Player, and six-time NBA All-Star. Also, he has seen his wealth go from a paltry couple of millions to a net worth of well over $100 million.
This change in his wealth has been down to a combination of different sources like his salary as a basketball player in the NBA, massive endorsement deals, and business ventures.
When Steph Curry joined the big league in 2009, he signed a two-year contract worth $5.62 million. After an impressive debut season, he signed a one-year extension for $3.11 million. In his first three years as a professional player, he averaged about $3 million in salary per year until 2012, when he signed a four-year contract for $44 million.
Steph Curry’s rookie contract did enough to boost his bank account balance and give him a lifestyle incomparable to his college days. His contract worth $44 million, however, was the first significant boost to his net worth. With the contract, the Golden State Warriors’ star shooter averaged more than $10 million in yearly salary.
At the end of the contract in 2016, following a period of negotiations, Steph Curry signed the largest contract in the history of the NBA for $201.2 million across five years. The mega salary shot him to the top three highest-paid players in the league. It fetched him an average of $40 million in yearly salary.
So far, Steph Curry has amassed his impressive $130 million net worth by earning more than $168.4 million in salary, with an additional $88 million+ to come in the 2020-21 and 2021-22 seasons.
At the end of his current contract, the acclaimed greatest shooter in NBA history would have earned more than $257 million in salary, averaging $11 million per year over 13 years.
While his salary is undoubtedly a huge contributor to his net worth, the growth of Steph Curry’s reputation over the years has fetched him several endorsement deals. He is currently believed to earn a lot in endorsement deals.
Steph’s $130 million net worth was also derived from mega endorsement deals with brands like Palm, Infinity, Chase, Brita, Rakuten. His Rakuten contract alone fetches him $20 million a year. In total, he is believed to earn up to $42 million a year from his endorsements.
His biggest deal, however, is his shoe deal with Under Armour. He signed the agreement with the company in 2013 for a reported $4 million a year. Contract renewal in 2015 reportedly brought his earnings from Under Armour well above $4 million and included an equity stake in the company.
How much Under Armour contributes to Steph’s net worth per year is unknown. But, with fellow high earners like LeBron James and Kevin Durant earning more than $300 million from the shoe deal, his deal with the brand is believed to be worth hundreds of millions of dollars.
Like most basketball players, Steph Curry isn’t waiting to retire before investing his money in various businesses, including those set up by himself.
He has ventured into entertainment with his company, Unanimous Media. The company has a development deal with Sony Pictures. It has already released a couple of projects, such as Breakthrough and Emanuel.
He also has investments in the startup, Slyce, and has invested in real estate. He owns two homes in California, which he bought for $31 million and $3.2 million each. He sold one of his properties, an Alamo, California mansion for $6.3 million in January 2019. He bought the property for $5.775 million.
How He Spends His Money
While he is renowned for keeping a humble air around himself when it comes to his wealth, the Golden State Warriors point guard has been known to splurge the cash occasionally.
Some of his luxurious buys include a collection of luxury cars, such as a Porsche GT3, A Panamera, a Range Rover, and a Mercedes G55.
As mentioned earlier, he also spends on real estate, including his residential home in California, which cost $31 million.
Another way Steph Curry spends his money is philanthropy. The basketball player has donated a lot of money to various charity organizations, including NBA Cares, United Nations Foundation and the Animal Rescue Foundation.