What is Jarrett Allen Net Worth as of 2024?

Jarrett Allen is a center who plays for the Cleveland Cavaliers in the NBA. Born on April 21, 1998, in San Diego, California, Allen was drafted by the Brooklyn Nets with the 22nd overall pick in the first round of the 2017 NBA Draft. He is known for exceptional defensive skills and inside scoring.

In a recent practice session, Allen injured his left ankle and is expected to be sidelined for a few weeks. With the NBA season starting on October 24, Cavs fans are hoping the injury is nothing serious and that Allen will return to action soon. In the 2022/23 season, Jarret Allen averaged 14.3 points, 9.8 rebounds and 1.2 blocks per game.

Jarrett Allen’s Net Worth

According to online sources, Jarrett Allen’s net worth is estimated at around $50 million as of 2024.

His primary income sources include his NBA contract and deals with multiple prominent brands. However, his exact earnings from endorsements are not available in the public domain.

Jarrett Allen Salary

According to Spotrac, Allen will earn $20 million for the 2023/24 season. He signed a five-year contract worth $100 million with the Cleveland Cavaliers on August 6, 2021. He hits free agency in the 2026 off-season.

Jarrett Allen’s first NBA contract was a four-year rookie scale contract worth $10.3 million with the Brooklyn Nets. The team exercised an option worth $2.38 million for the 2019-2020 season on October 15, 2018. They again exercised an option worth $3.9 million for 2020-2021 on October 14, 2019. Allen was eventually traded by the Brooklyn Nets to the Cleveland Cavaliers on January 14, 2021.

Jarrett Allen Endorsements

Jarrett Allen has signed endorsement deals with brands like Tissot, Pepsi, and Nike. However, no information is available regarding how much he earns from these endorsement deals.

Jarrett Allen Investments

No information about Jarret Allen’s investments is available in the public domain as of 2024.

Jarrett Allen Other Sources of Income

Besides his NBA contract and endorsement deals, no information is available online regarding Allen’s other income sources.

Jarrett Allen House

Jarrett Allen has not presented any information about his house to maintain his privacy. However, it has been revealed that he lives in Texas, United States.

Jarrett Allen Cars

According to online sources, Jarret Allen owns a Jaguar XF which he purchased for $125,000, a Lamborghini Urus worth $600,000, a Bentley Bentayga worth $815,000, a Bugatti Chiron worth $3,000,000 and an Audi RS Q8 worth around $600,000. Recently, Allen also became the proud owner of a Porsche Cayenne, which is valued at around $260,000.

Jarrett Allen Charity Work

Jarrett Allen is actively involved in community work. He has been involved in the “Meals and Math” event, where he would take children to a grocery store in Brooklyn and provide them with $100 gift cards to buy groceries for Thanksgiving.

During the Covid-19 pandemic, he did the same with the children through a Zoom Call. He mainly does this with children from STEM schools so that he can teach them how they can function for themselves and also how they can learn about managing their finances independently. He believes his efforts will go a long way to help these children in their future.