Desmond Bane Net Worth

Desmond Bane is an American professional basketball player who plays for the Memphis Grizzlies in the National Basketball Association (NBA). Bane was drafted 30th overall by the Boston Celtics in 2020, but his draft rights were later traded to the Grizzlies.

Bane played high school basketball at Seton Catholic in Richmond, Indiana. He then played four seasons in college at Texas Christian University (TCU) where he was named on the First-team All-Big 12 in his senior season, after averaging 16.6 points and 6.3 rebounds per game.

After being drafted by the Grizzlies in 2020, Bane had a strong rookie season averaging 9.2 points per game and shot 43.2% from 3-point range. In his second season, he made a big leap, averaging 18.2 points per game on 43.6% shooting from deep.

In the 2022-23 season, Bane averaged 21.5 points, 5.0 rebounds and 4.4 assists. The 6'5" shooting guard has quickly established himself as one of the NBA's top sharpshooters.

How much is Desmond Bane's Net Worth in 2023?

As of 2023, Desmond Bane's net worth is estimated at around $11 million. His main income sources include earnings from his NBA contracts and brand partnerships.

Bane is currently in his last year of his four-year $9.9 million rookie-scale contract with the Grizzlies. However, he has already signed a five-year rookie extension with the franchise worth $197 million. Therefore, Bane’s net worth is expected to rise significantly once his new contract kicks in from the 2024/25 season.

Desmond Bane Endorsements

In 2022, professional basketball star Desmond Bane signed a partnership with Naturade. Known for its plant-based protein powders and shakes, Naturade is a mission-driven company committed to providing everyone access to quality food regardless of income, location and race.

Desmond Bane says, “As a professional athlete, I understand the importance of taking care of my body. I am always looking for ways to fuel my body to ensure I have the energy I need to succeed on the court. I’m excited about this partnership with Naturade. I’ve enjoyed the protein options, which can be used for smoothies in the morning.”

Naturade's plant-based products align with Bane's athletic lifestyle and emphasis on health and wellness. As part of the endorsement deal, Bane appears in promotions and ads for the brand across different media platforms. With his rising popularity and clutch shooting style, Bane makes for an effective ambassador to reach health-conscious consumers.

Desmond Bane Investments

No information is available about Desmond Bane’s investments as of 2023.

Desmond Bane Other Sources of Income

So far in his career, Desmond Bane has been earning income from his NBA player contracts and endorsement deals. As his success and fame builds, he may explore other business ventures as well.

Desmond Bane House

Desmond Bane has bought a house in Collierville, according to Shelby County property records. Records show he paid $500,000 for the home in the Halle Plantation development in December 2021, after signing his rookie contract with the Memphis Grizzlies. Located just outside Memphis, the five-bedroom property gives Bane a spacious and comfortable home near his team.

Desmond Bane Car

Desmond Bane keeps a low-profile and is not seen driving luxury cars in public. He also does not share images of any vehicles he may own on social media accounts. As a rising young NBA star, he likely has access to nice cars, but chooses to keep that aspect of his life private.

Desmond Bane Charity Work

Giving back to his community has always been important for Desmond Bane. During his return to his hometown of Richmond, Indiana in 2021, Bane hosted several free events for the local youth. This included the Desmond Bane Skills Academy at the Boys & Girls Club, allowing kids to learn from and interact with him first-hand.

Bane also held a free event at Clear Creek Park, which included food, games, and gifts for underprivileged children.