Carmelo Anthony Net Worth 2023

Born on May 29, 1984, Carmelo Kyam Anthony is a professional American basketball player. He plays small forward/power forward for the Los Angeles Lakers in the National Basketball Association. Anthony is a 10-time NBA All-Star and an All-NBA Team member six times. The Denver Nuggets picked Carmelo up in the 2003 NBA draft. Later, Carmelo Anthony entered the New York Knicks, Oklahoma City Thunder, Rockets, Blazers, and then Lakers. Earlier, Carmelo played high school and college basketball for Towson Catholic High School, Oak Hill Academy and Syracuse University, respectively.

How Much is Carmelo Anthony Net Worth in 2023?

According to various online resources, the net worth of Carmelo Anthony is estimated to be US$170 million in 2023. He is one of the most popular and successful players in the NBA. The main source of his income is his professional NBA basketball career.

Carmelo Anthony is a ten-time NBA All-Star and six-time All-NBA Team Member. He joined the NBA in 2003 when the Nuggets picked him up in the 2003 NBA draft. After playing for almost 8 years for the Nuggets, Carmelo signed a deal with the Knicks (2011-2017). Then, he moved to the Oklahoma City Thunder for a season before signing a contract worth US$2.4 million with the Rockets. Carmelo earned 2.1 million USD with the Portland Trail Blazers. In addition to the NBA, Carmelo Anthony earns massive fortunes from endorsements and other investment projects.

Carmelo Anthony’s Salary

Carmelo Anthony signed a one-year deal worth USD 2.6 million with the Los Angeles Lakers in 2021. Therefore, he earnt a base salary of US$2,641,690 for the 2021-22 NBA season.

There was a time when Carmelo’s salary peaked at 26 million USD in the 2017-18 season. Also, the professional player earns an additional US$9 million from brand endorsements. He signed a five-year agreement with the New York Knicks worth US$80 million. Anthony earned USD 33 million from salary and endorsements between June 2017 and June 2018. His salary from the Rockets, Hawks, Thunder, Knicks and Nuggets was US$182,000, US$25.5 million, US$26 million, US$136 million and US$53 million, respectively. Ultimately, Carmelo Anthony has earned a huge fortune from his professional NBA career. There was also a time when he was one of the highest-paid players in the NBA.

Carmelo Anthony’s Endorsements

In addition to his professional basketball career, Carmelo Anthony earns from brand endorsements as well. He is a star power forward in the NBA and has astonished everyone with his agility, endurance and brilliant game skills. He is under a salary cap of 2.3 million USD. In the corridor of brand promotions, Anthony is one of the few athletes to have a deal with Air Jordan. Since his introduction to the NBA, he has signed endorsement deals with several companies. He has endorsement deals with brands such as Foot Locker, Nike, Panini etc.

Further, Carmelo Anthony also ran a signature shoe line in collaboration with Jordan that ended after 13 models. Anthony also endorses Isotonix, Powercoco, and Haute Time, among others.

Meanwhile, Carmelo also connects with Degree Deodorant, Nickelodeon, and the Milk Processor Education Program. He earned US$6 million from endorsements only in 2020 alone.

Carmelo Anthony’s Investments

The US-based athlete Carmelo Anthony is always an underrated business of the NBA. He rose to prominence after his involvement in the professional basketball league. With considerable successes on the court, international brands started approaching Anthony for collaborations. He grabbed every single opportunity to make fortunes and succeeded. Currently, Carmelo is collecting good income from his professional career and brand endorsements.

There is always a scope for investments in startups and established ventures, and Carmelo knows this thing profoundly. He launched a venture capital firm named M7 Tech Partners in 2014. However, he has a diversified range of investments which includes businesses, i.e. Melo7 Tech Partners (Venture firm), the Seventh Estate (Wine brand), Creative 7 (Media production firm), and STAYME7O (fashion label). In other investment projects, Carmelo has invested in two popular restaurants in New York named The Ainsworth and Nobody’s Pizza. He is an early investor in the sports media company Overtime, phone accessory company Mophie, and avatar technology company Genies.

Anthony provided an angel check of US$500K to the phone accessory company Mophie in 2007. Now, we can see their products in Apple Stores. Later, the company was acquired by Zagg for over US$100 million, and Carmelo took his state with a return of up to 800-1000%. Anthony also invested in Overtime. It is a thriving brand for the next generation of sports fans. He is an early investor and a sports media company board member.

Furthermore, Carmelo invested in Genie in 2018 during their Series A round. Akash Nigam and Evan Rosenbaum were the founded genies. It has established itself as a leading avatar technology company. It allows users to generate customised avatars for different apps. Today, Genies’ value is estimated to be worth US$1 billion.

Carmelo Anthony, Other Sources of Income

Carmelo Anthony was drafted into the NBA professional league by the Denver Nuggets in 2003. Since then, he has been a fantastic and impressive career as a power forward/small forward. Consequently, it also helped him earn good money and fortune. There are other sources of income for the athlete besides the NBA career and brand endorsements. He is an eager investor that is always willing to collaborate with world-renowned brands.

Anthony launched his own venture firm in 2014 named M7 Tech Partners. Similarly, Carmelo also initiated his signature shoe line that came to an end in 2017 after 13 models. It was the second-most popular among active NBA players after LeBron James only. His other businesses include Creative 7, STAYME7O, and the Seventh Estate. Additionally, Carmelo Anthony earns through investments in several popular and emerging brands and restaurants.

Carmelo Anthony’s House

During his married life, Carmelo Anthony used to live with his wife, La La Anthony in the Spanish-Style L.A. hideaway. This Beverly Grove home once served as the primary residence of the couple. They got separated in 2017 and are now selling the family home. The home consists of 3 bathrooms and three bedrooms to offer comprehensive convenience for the resident. The pro basketballer loves to live in expensive properties. The 3-bedroom house nestled in the neighbourhood of Beverly Grove has a classic stucco exterior and tilted roof. It looks spacious and delivers an old-school feel.

Carmelo Anthony’s Car

Carmelo Anthony also shows interest in driving luxury cars. The popular basketball player doesn’t like to show off his cars but keeps them to himself. His car collection includes a range of vehicles, from Italian horses to American muscles. It is pretty tasteful and enthusiastic even though it is small in quantity. In the fleet, he has the least expensive but the most special car, the 1971 Chevy Chevelle. It displays a Baltimore Orioles paint job. The next in the collection is the Chevrolet Corvette C7 Stingray Coupe which is worth US$70,000.

Jeep Wrangler is the only SUV in his collection. He received it in March 2016. It is pretty popular in the current US market since it can withstand any kind of terrain. Carmelo Anthony also owns a 6th Generation Maserati Quattroporte. It is a full-sized Italian luxury sedan with a four-door provision. Carmelo visited the Maserati factory in 2015 and participated in the event of Maserati and Zegna. White Bentley Continental GT is also part of Carmelo’s car collection. It is worth US$214,000.

Carmelo Anthony’s Charity Work

Carmelo Anthony is also involved in various philanthropic works. He has made considerable donations to many non-profit foundations and organisations. It comprises a US$1.5-million donation to the Living Classrooms Foundation in 2006. Anthony also donated USD 3 million to Syracuse University for a basketball practice facility. He was a spokesman for the Family Resource Center when he was playing for the Denver Nuggets. It was to help organise charitable Christmas parties for underprivileged children.

Carmelo donated USD 35,000 to the relief operations in the 2004 Indian Ocean earthquake. He stood number 8 on ‘The Giving Back 30 List of Largest Charitable Donations by Celebrities in 2006’. Carmelo Anthony was also pledged to donate US$3 million towards the construction of a new basketball practice facility at Syracuse University.