Rayford Trae Young is a professional American basketball player who plays point guard in the NBA. He was born on September 19, 1998, in Lubbock, Texas. Nicknamed ‘Ice Trae’, Young entered the National Basketball Association in 2018 when the Dallas Mavericks picked him up in the 2018 NBA draft. However, soon he was traded to the Atlanta Hawks without playing a single game for the Mavericks. Earlier, Trae Young played college basketball for the University of Oklahoma in 2017 and 2018. The 6-feet-1-inch player is a two-time NBA All-Star (2020, 2022) and All-NBA Third Team member in 2022. Young was also a member of the US U18 men’s national basketball team that won a gold medal at the FIBA Americas U18 Championship in 2016.
| Name | Rayford Trae Young |
| Net Worth | USD 50 million (2023) |
| Age | 24 years |
| Residence | Oklahoma |
| Position | Point guard |
| Marital Status | Engaged |
| Source of Wealth | Basketball, endorsements |
| Salary | USD 43 million |
| Endorsements | Adidas, Old Spice, Tissot, Through the Lens, Chipotle |
| Endorsement Earnings | USD 3 million |
What is Trae Young’s Net Worth in 2023?
As of 2023, the net worth of Trae Young is estimated to be USD 50 million. He is currently under an agreement with the Atlanta Hawks and is also earning a good fortune from endorsements and investments.
Trae Young was originally selected by the Dallas Mavericks in the 2018 NBA draft. But the Atlanta Hawks traded him later a few days after his selection with the Mavericks. In the season opener with the Hawks, Young scored 38 points against the Detroit Pistons on October 24, 2019. Since then, the pro basketballer is making handsome wealth from his professional contracts and endorsement deals. In 2018, Trae signed a rookie contract with the Hawks which brought him USD 6,571,800 during the 2020-21 season. Similarly, for the 2021-22 season, Trae earned USD 8,326,471. Later, the athlete came under a rookie extension worth 207 million US dollars from the 2022-23 season onwards.
Trae Young’s Salary
The average annual salary of Trae Young is approx. 43 million USD. Young earned US$8,326,471 in the 2021-22 season in the NBA. In the earlier 2018-19, 2019-20 and 2020-21 seasons, Trae received US$5.3 million, US$5.8 million and US$6.5 million as a salary, respectively. His annual salary is likely to grow over the coming years.
Trae Young is one of the best-paid athletes in the NBA. He has shown remarkable proficiency and stamina on the basketball court to be among favorite players in a short time period. The pro player started his NBA journey in 2018 with the Atlanta Hawks. He signed a multi-year deal with the franchise. In 2021, Young signed a 5-year contract extension with the Hawks worth up to 207 million USD. In addition to that, the two-time NBA All-Star is also involved in several brand and product endorsement deals with globally-reputed companies.
Trae Young’s Endorsements
Following his sharp success in the professional NBA career, plenty of companies and brands approached the athlete for promotion purposes. He is an iconic player for youngsters who want to pursue a career in basketball. The demand for Trae Young has already been raised to the top in the market to be a successful personality in the industry. Presently, Trae Young has numerous endorsement deals, including Bodyarmor, NBA2K, Tissot, Adidas, Chipotle, eBay, and Old Spice among others.
The excited youngster is successful in attracting multiple big brands. He collects approx. 3 million US dollars from endorsement deals. He signed a multi-year contract worth US$1.8 million with the ‘Three Stripes’ Adidas in June 2018 to promote their shoes and accessories. Trae Young also made a contract extension in December 2020, including his own signature shoe, Trae Young 1. It was released in 2021.
Further, Trae came in collaboration with Kroger Health and Turner Sports in 2021 to initiate a drive for COVID-19 vaccinations in Atlanta. Later, Young stated that it is an honor for him to work with the Kroger Health team in this rough time of the devastating pandemic. In the summer of 2020, the basketball player signed a deal with a sports drink company, Bodyarmor SuperDrink. The financial terms of the deal were not revealed, however. Kobe Bryant also invested USD 8 million in the company in 2013.
In July 2020, Zamst announced a global partnership contract with Trae Young. It is a two-year deal under which Trae will promote the A2-DX ankle brace of the company to prevent future injuries. In 2018, Trae Young entered the athlete roster of Swiss watchmaker Tissot. The company is already in partnership with several other NBA players and teams, including Klay Thompson. You can find shot clocks and integrated timing systems installed by the company in all 29 NBA arenas. Young find this deal interesting since he is a big fan of wristwatches.
Trae Young signed an endorsement deal with the American fast-food chain Chipotle in October 2020. It was an effort to reveal a 53-Foot Shot Challenge that represented its 53 real ingredients. Trae made the shot on TikTok as per the deal requirements. This campaign ran for the first two-three weeks of October and also features famous personalities i.e. Cole Anthony, Obi Toppin, and James Wiseman.
In March 2022, Trae Young joined the panel of Sprite’s NBA athletes. Kobe Bryant, Grant Hill, LeBron James etc. are also in partnership with Sprite. Fortnite came under a partnership deal with the National Basketball Association for an event in 2021. It also included Trae Young along with Donovan Mitchel as the featured players.
In April 2021, Trae Young came across a deal with eBay that included several events to display his collections across the country. These events were held in Seattle, Las Vegas, Nashville, and Austin in April and May of that year. Meanwhile, the online shopping platform also possessed the rights to sell Young’s Panini America trading cards.
Along with many other NBA players such as Kobe Bryant, Kyrie Irving and Candace Parker, the ‘Through the Lens’ platform also signed Trae Young in 2020. It is a unique platform that gives fans an opportunity to look at how their superstars work off the court. This platform was founded by Carmelo Anthony and Alex Bazzell.
Trae Young’s Investments
The idea of investing in new business startups and ventures also triggered good fortune for the pro basketballer. He showed his keen interest in different brands and companies to multiply his money through investments. Currently, Trae Young is already an investor in Hyperice, Overtime and StarStock. All these are sports broadcasting networks. Both Hyperice and StarStock were able to raise USD 47.8 million and USD 8 million, respectively. The athlete invested in the Series A funding round. He is looking forward to generating more wealth through planned investments to consolidate his philanthropy profile.
Trae Young’s Other Sources of Income
Apart from the income from his professional NBA career and endorsements, Trae Young also earns from some other sources. Some portion of his fortune comes from the real estate corridor. Young bought a home in 2019 in Oklahoma that is worth US$1.5 million. It is an 8100 square feet property with 5 bedrooms, 6 bathrooms, an outdoor pool and other scintillating amenities. He also owns another mansion worth US$20 million in Calabasas which he listed for sale for US$30 million. In addition to that, Trae Young owns some luxury cars as well.
Trae Young’s House
Trae Young owns a USD 20 million mansion based in Southern California to live like a king. He bought this mansion from the former NFL star Clay Matthews. This luxury house featured a range of provisions and facilities. It includes 6 bedrooms, 6 bathrooms, a pool, a large kitchen, a seven-car garage and many others. You will find a 15-seat movie theatre, a wood-panelled library, a larger wine cellar, and an 800-gallon aquarium. The backyard of the house provides a magnificent view of the Santa Monica Mountains. It also includes a sports court and saltwater swimming pool.
Trae Young’s Cars
Trae Young’s love for automobiles is no secret. He has a large collection of luxury four-wheelers that adds more charm to his personality and social status. His car collection includes a brand new matte black Audi R8 V10, a black McLaren 720S, and Lamborghini Aventador in matte black.
Trae Young Charity Work
The professional basketball player is also famous for his philanthropic works. He established a foundation named the Trae Young Family Foundation with the help of his family. The main motive of this foundation is to help people struggling with mental illness and cyberbullying. Additionally, he also won the January NBA Cares Community Assist Award in 2022. This award aims to clear a medical debt worth US$1 million for families in Atlanta.
