What is Charles Barkley net worth? Read on to find out.
Charles Barkley is a retired professional basketball player who played in the NBA for 16 seasons. Barkley, who presently puts the wealth of experience he accumulated in the league into play by working as an analyst on “Inside the NBA,” is regarded as one of the best basketball players the NBA has ever seen.
Barkley may not boast of incredible championship wins, and multiple individual laurels such as NBA Finals MVP and regular-season MVP awards, but he remains one of the best scorers to have played in the league. His perfect shoots and versatility further complimented his scoring ability. In NBA games, Barkley was known to play in various positions and brought to games a combination of different skills, ranging from the clutch, dunks to his spin moves.
With an emphasis on Charles Barkley’s worth, we’ll review his early life, career, earnings, endorsements, charity, and luxury lifestyle.
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Charles Barkley Early Life
In February 1963, the town of Leeds in Alabama had the first of several occurrences that did not sit well with the majority of its citizens, due to segregation and racial discrimination. The first black child was born in Leeds to Frank Barkley and Charley Glenn. Aside from the apparent fact that Barkley was subjected to the pains of discrimination based on his skin color, he had to put up with his parents’ marital mishap.
His birth father soon divorced his mother and abandoned his mother. But Barkley soon had a father figure in his life after his mother remarried. That was for a short while, as his stepfather died in an accident when he was just 11 years old.
Barkley, who wanted to play for the varsity team at Leeds High School, was placed on the reserve team, due to his 5 feet 10 in height. Barkley grew taller and soon made it to the starting team in his senior year. He proved to be an essential part of his team. Barkley led his school to the semi-final of the state championship, where he attracted interest from Sonny Smith Auburn University basketball team head coach, who recruited Barkley.
Charles Barkley Career & Accomplishments
Barkley spent three seasons playing college basketball, and during that period, his top performances earned him several individual laurels such as his 1984 Southeastern Conference (SEC) Player of the Year award. The highlight of his college career was 1984 when he led his team to the NCAA tournament for the first time. With just one year left to earn his college degree, Barkley decided to enter the 1984 NBA Draft, where the Philadelphia 76ers selected him as the fifth overall pick.
Right from his first year in the NBA, Barkley looked up to Moses Malone, who taught the latter, several antics to apply. In his second year in the NBA, he earned his first All-star honor. With the departure of Moses Malone and he retirement of Julius Erving, Barkley became the 76ers franchise player in the 1988 season. In the 1990 season, Barkley came close to clinching his first regular-season MVP but finished in second place.
After unsuccessfully trying to win the NBA Championship with the Sixers for eight seasons, Barkley was traded to the Phoenix Suns. He earned about $9,203,000 in salary in his eight seasons with the Sixers. In the 1993 season, Barkley’s first season with the Suns, he became the first NBA player to claim the MVP award immediately after arriving a new team. Despite struggling with injuries in his second and third seasons with the Suns, he led the franchise to finish in the Western Conference Semi-finals in both seasons.
In his last season with the Suns, the 1996 season, Barkley became the tenth player in NBA history to reach 10,000 rebounds and 20,000 points. In the four seasons he spent with the Phoenix Suns, Barkley received All-star and All-NBA honors and earned $14,460,000 in salary.
Before the 1997 season kicked off, Barkley joined the Houston Rockets. His first attempt to win the NBA championship with the Rockets came crashing as the Utah Jazz defeated the Rockets in the Western Conference finals. In the 1998 and 1999 seasons, the Rocket suffered first-round playoff loss to the Utah Jazz and LA Lakers. In the 2000 season, a ruptured quadriceps tendon made him call it quits on basketball, but he returned to action four months later for the last game, because he didn’t want his injury to appear as the final image of his career.
Charles Barkley Net Worth in 2020
Charles Barkley’s net worth is valued at $50 million in 2020. Though his fortune does not rank among the wealthiest in the basket world, for a player who retired more than a decade ago, his fortune ranks high.
He also has seen success in his various business investments, despite losing about $4 million in investment fraud deal with a former business associate, Donald Watkins. He has investments in tech start-ups such as SubSafe, Zorpads, with his latest investment in medical start-up NeuroVice.
Charles Barkley Earnings & Salary
Charles Barkley earned an estimated $43.6 million throughout his playing career with the Phoenix Suns and Philadelphia 76ers, Phoenix Suns, and Houston Rockets of the NBA. Following his retirement, Barkley has successfully established a career in sports analysis as well as business investments. Barkley earns $6 Million from his deal with the TV network, for his regular appearance on TNT’s Inside the NBA post-NBA game analysis show.
Charles Barkley Charity & Philanthropy
Through financial donations, Barkley supports charity organizations such as ENOUGH Project, United Service Organization, Stand Up To Cancer, Ante Up For Africa, and several more. In 2015, Barkley donated $1 million to Auburn University, and the following year, he announced that he’d donate $1 million each to Clark Atlanta University and Alabama A&M University.
Charles Barkley’s Wife
The retired NBA star, Charles Barkley, has been married to his wife, Maureen Blumhardt, since 1989. They both have a daughter together named Christina.
During their younger years, Charles Barkley’s wife, Maureen, use to have a career as a model promoting Noblerex K-1, and also a legal aid; while Charles was was playing for the Philadelphia 76ers who picked him in the 1984 NBA Draft.
Charles Barkley House & Real Estate
Charles Barkley owns a mansion in Scottsdale, Arizona, which he bought for $2 million in 1998. The villa, which covers 6,000 square feet, has an eight-car garage, a golf course, a tennis court, and a swimming pool. While playing for the Pheonix Suns, Barkley lived in a four-bedroom, three bathrooms and one half bathroom apartment well equipped with master suites and swimming pools.
Lessons from Barkley’s Wealth & Success
Now that you know the exciting story about Barkley’s rise to success, fame, and worth, here are two incredible lessons from the retired basketball star.
1. Personal success matters
Despite not winning an NBA Championship in his career, Barkley is ranked as one of the best players the NBA has ever seen due to his achievements.
2. Talent makes you stand out
Before his senior year in high school, Barkley was just another kid aspiring to play basketball. But after he grew taller and recorded amazing performances, he attracted attention from pundits, which laid the groundwork for a successful basketball career.
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|Net Worth:||$50 Million|
|Career Earnings:||$43.6 million|
|Date of Birth:||February 20, 1963|
|Age:||60 years old|
|Source of Wealth:||Professional Basketball Player, Sports Analyst, Autor, Actor|
As of 2020, Charles Barkley’s net worth is valued at $50 million. He earned about $43.6 million throughout his NBA career. The sports analyst earns $6 Million annually with TNT. He plans to retire from TV sports analysis in 2023.
Athletes should strive for personal success, but not at the expense of the team’s success.
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