Malik Beasley Net Worth

Malik Beasley is an American professional basketball player currently playing for the Milwaukee Bucks in the 2023 season. He was drafted 19th overall in the 2016 NBA draft by the Denver Nuggets and plays the shooting guard position. The 27-year-old (as of December 2023) is known as a prolific three-point shooter and for his athletic dunks. Over his 7 year NBA career so far, Beasley has averaged 10.9 points per game.

How much is Malik Beasley’ Net Worth in 2023?

Beasley’s net worth is $12 million as of 2023. He is an accomplished shooting guard who joined the league in 2016 and has developed into a dangerous three-point threat with superb athletic finishing skills. After showing promise with the Nuggets, he landed a lucrative 4 year, $60 million contract in 2020 with Minnesota. Though traded in 2021 and 2022, that deal forms the foundation of Beasley’s net worth today.

Malik Beasley Salary

Beasley signed a one-year contract in 2023 for $2.7 million with the Milwaukee Bucks. His full $2.7 million salary for the 2023-2024 NBA season is guaranteed. This annual salary results in a $2 million salary cap hit for the Bucks based on the declining scale of his previous deal. If traded or waived in the upcoming season, Beasley's leftover $2 million guaranteed would still count against Milwaukee's cap restrictions per the NBA collective bargaining rules. Though a bench player currently, the team values his outside shooting enough to continue paying seven figures for the next year.

Malik Beasley Endorsements

Beasley first signed with Nike after entering the NBA, latching on as part of their stable of athletes promoting LeBron's signature basketball shoes. However, in 2022 Beasley left Nike in favor of a deal with Converse, wearing their All-Star BB Prototype CX model while playing for the Bucks this past season.

In April 2023 though, Beasley again changed shoe allegiances - this time joining up with Chinese brand Xtep to be the face of their "Battle" basketball silhouette going forward. The Xtep deal offered more guaranteed money and potential signature shoes to raise Beasley's profile in Asia. Though not yet an NBA superstar, the 27-year-old's scoring talent has made him an intriguing endorsement figure abroad. Securing shoe deals has added crucial extra income on top of Beasley's NBA salary over his pro career so far.

Malik Beasley Investments

Beasley has not publicly shared details of his personal investments and financial portfolio. However, it would be reasonable to speculate that he has allocated some percentage of his $12 million net worth into conservative assets. For most NBA players, typical options include real estate holdings, government and corporate bonds, index funds, or more active ventures like start-up companies and restaurants. Whatever Beasley's current investments, they likely emphasize steady growth over high risk and leverage his substantial lifetime earnings wisely.

Malik Beasley Other Sources of Income

While keeping personal investing private, likely other smaller ventures are producing extra income not publicly known at this point. Still, endorsements paired with his Bucks deal remain the main drivers. Additionally, Beasley supplements that basketball pay through shoe sponsorships with brands hoping to tap into his visibility and likeness. Between these two prominent areas – his All-Star caliber talent level allowing high-value deals on the court and off – Beasley has been able to amass his wealth.

Malik Beasley House

Beasley purchased a house in Plymouth, Minnesota during his time with the Timberwolves. However, in 2020 he was arrested at the home for threatening a family with a firearm. Police searches discovered guns and marijuana on the premises as well. Beasley pled guilty, receiving a 120-day sentence. After 78 days served, he was released early for meeting good behavior criteria. The incident brought negative attention amidst an otherwise promising start to his NBA career.

Malik Beasley Car

Unlike some NBA stars who flaunt expensive auto purchases, Beasley has not given any public indications of his vehicles. There are no images of cars on his social media pages and he has not been spotted driving high-end models. As Beasley keeps even basic investment and finance information private, details on any car collection or favored models are unavailable.

Malik Beasley Charity Work

Philanthropy has become an important part of Beasley’s off-court mission. He started his own MB25 Foundation to give back, particularly to disadvantaged groups in Denver when he played for the Nuggets. The foundation has donated event tickets to homeless members of the community and Beasley aims to support additional causes related to poverty, education, and social justice issues. Additionally, his MB5 Pro Academy strives to inspire at-risk youth using sports, education, and arts programs. Beasley believes providing guidance and uplifting dreams can combat negative mindsets and economic barriers destroying many children’s potential today.