Basketball star, Anthony Carmelo came into the limelight when he was drafted into the NBA by the Denver Nuggets in 2003 just after LeBron James and Darco Milicic. Before that, he played one season for Syracuse University.
Carmelo Anthony Net Worth - $90 million
Birth Name - Carmelo Kyam Anthony
Date of birth - May 29, 1984
Zodiac Sign - Gemini
Birth Place - Brooklyn, New York
Nationality - American
Height - 6' 8"
Profession - Television producer, Basketball player, Actor
As of 2015, Carmelo is considered one of the highest paid Athletes appearing on the top 100 list of highest-paid athletes with an annual salary of $22 million and an estimated net worth of $85 Million which includes salary from the NBA and endorsements.
Within the space of 9 years in the NBA, and playing in the USA Olympic team, Anthony Carmelo earned 94 million dollars in salary alone. By 2010, speculation was rife that he was interested in a move away from Dever Nuggets for something more lucrative. He is said to have refused to sign an extension offered by the team. Teams started to line up to try and sign him up with the athlete being linked to a move to New York Nicks, but Houston Rockets, Atlanta Hawks, and New Jersey Nets were also interested.
At the end of the 2010-2011 Season, Carmelo signed a deal with the New York Nicks which put his salary earnings at over 17 million dollars.
Playing with the Nicks, Anthony Carmelo has seen a rise in earnings going from the initial deal that he signed, to a more lucrative one of 22.5 million dollars.
Being an NBA star, the endorsements were not far off, he signed deals with Nike, Foot Locker Steiner sports, IWC and other companies in deals that saw him earn over 8 million dollars in endorsements. The deal he had with Nike was under the Jordan brand which sold his signature Jordan shoes worth 30 million dollars, for which he gets royalties. Like many NBA players, most of the endorsements deals are for shoes and shoes sell quite well so he has made a lot of easy money off endorsing shoes. Anthony listed among the top players making money off selling shoes. He also introduced his own line of shoes, Melo.
It is not only about Basketball and endorsements, Anthony wisely invested his money into technology. Anthony Carmelo together with NBC Executive Stuart Goldfarb launched a new investment firm in 2014 which seeks to invest venture capital into start-ups. The New York-based firm during its inauguration announced that it would be investing in early stage digital media consumer internet and opportunistic technology start-ups. The first company they invested in was Hullabalu which had shown great potential and received rave reviews from experts. The investment is expected to provide a comfortable retirement for the star once his body can no longer manage the court. This is a wise decision.
But with a 5-year contract signed in 2014 with the new New York Nicks, worth 124 Million dollars, the star does not need to worry much about retirement as long as he invests that money wisely.
He also started a high-end watch and luxury fashion magazine called Haute life which was a bit surprising for many as they did not think he is into fashion.
When it comes to luxury, Carmelo is living the life just like most NBA stars with a 12 million dollar condo to his name, it speaks volumes about the NBA stars net worth. Carmelo splashed $12 million dollars for a New York Condo which had people talking about how lucrative his career has been to him especially between 2011 and 2013. The condo boasts of 3,018 square feet, a huge terrace, ceiling to wall windows with a view of the city and a drenching of sunlight. He gave up a rental apartment which was bigger than the condo, but the condo is in a classier neighborhood of West 24th.
Carmelo also has a personal stylist who sends him all his clothing every few weeks. The stylist says he tries his best to get his client the best image fit for a captain of a basketball team.
Like every athlete, Carmelo has also put in a lot of his money into cars, even though he lives in New York. He has a collection of over 10 luxury cars which include a Porsche, Mercedes, Bentley among others.
With a successful career in Basketball and lucrative endorsements along with his investments, it is estimated that Anthony Carmelo’s net worth can only continue to rise.