Lonzo Ball Net Worth: Know About His Career, Early Life, Biography, Net Worth, Personal Life and More!!
Lonzo Ball, the talented basketball player, and entrepreneur, has made a significant impact both on and off the court. To know more about him keep on reading the article till the end.
Who is Lonzo Ball?
Lonzo Ball was born on October 27, 1997, in Anaheim, California. Ball’s rise to success in the world of basketball has catapulted him into the spotlight, and his entrepreneurial endeavors have further bolstered his financial standing. With his exceptional skills and business acumen, Lonzo Ball has amassed a considerable net worth.
Early Life and Achievements
Ball’s basketball journey began at an early age when he started showcasing his talent on the court. As a standout player at Chino Hills High School in California, he gained national attention for his impressive skills, court vision, and passing ability.
exceptional performance led him to be named the McDonald’s All-American Game MVP in 2016, solidifying his status as one of the most promising young players in the country.
Following his successful high school career, Ball chose to play college basketball at the University of California, Los Angeles (UCLA). During his freshman year at UCLA, he continued to impress with his playmaking abilities and overall basketball IQ.
Ball’s performances garnered attention from NBA scouts, and he declared for the 2017 NBA Draft after just one season at the collegiate level.
In the 2017 NBA Draft, Lonzo Ball was selected as the second overall pick by the Los Angeles Lakers. This marked a significant milestone in his basketball career, as he joined one of the most iconic franchises in NBA history.
Ball’s tenure with the Lakers showcased his potential, but it was his off-court ventures that would truly set him apart.
Parallel to his basketball career, Ball established himself as an entrepreneur, particularly through his own clothing and lifestyle brand called “Big Baller Brand” (BBB).
Launched in 2016, BBB aimed to disrupt the traditional sportswear industry by offering unique and high-quality apparel, shoes, and accessories. Lonzo Ball’s involvement in the brand not only reflected his entrepreneurial spirit but also showcased his marketing prowess.
While the success of Big Baller Brand was initially promising, it faced some challenges and controversy along the way. However, Ball’s business acumen didn’t waver.
In recent years, he has diversified his portfolio and embarked on new ventures. Lonzo signed an endorsement deal with sportswear giant Nike in 2019, expanding his reach and influence in the fashion industry.
In addition to his entrepreneurial pursuits, Lonzo Ball’s professional basketball career has also contributed significantly to his net worth. After his tenure with the Lakers, he was traded to the New Orleans Pelicans in 2019.
His time with the Pelicans has further showcased his growth as a player, with his skill set and versatility making him a valuable asset on the court.
It is important to note that while exact figures regarding Lonzo Ball’s net worth are not publicly disclosed, his earnings from NBA contracts, endorsement deals, and business ventures have undoubtedly contributed to his overall wealth.
His lucrative NBA contracts and endorsement partnerships, including his deal with Nike, have likely provided substantial financial rewards.
Furthermore, Lonzo Ball’s net worth is expected to continue growing as he progresses in his basketball career and explores new business opportunities.
His combination of basketball skills, business ventures, and marketing appeal has solidified his status as a multifaceted athlete and entrepreneur.
What is Lonzo Ball’s Net Worth?
As of May 2023, Lonzo Ball’s net worth is estimated to be $35 Million.
Lonzo Ball received millions right out of the gate as a professional basketball player due to being the number two overall draft pick.
Ball received over $6 million during his rookie season from his contract and has continued to increase his salary each year since.
On the current Bulls roster, Ball is the fourth-highest-paid player behind Zach LaVine, DeMar DeRozan, and Nikola Vucevic.
The figures for Lonzo Ball’s earnings are based on his publicly announced contracts but are not guaranteed to be accurate.
Here’s an estimated overview of Lonzo Ball’s career earnings:
- Lonzo Ball’s Salary In 2017 – $6.2 Million
- Lonzo Ball’s Salary In 2018 – $7.4 Million
- Lonzo Ball’s Salary In 2019 – $8.7 Million
- Lonzo Ball’s Salary In 2020 – $11 Million
- Lonzo Ball’s Salary In 2021 – $18.6 Million
- Lonzo Ball’s Salary In 2022 – $19.5 Million
Following the 2022-23 NBA season, Ball has two years remaining on his contract with the Chicago Bulls, and then he’s set to become an unrestricted free agent.
Over the course of those two years, Ball is set to make $20.4 million and $21.3 million, and as long as he stays healthy, he should receive an extension.
Lonzo Ball played just one season of college basketball and led the NCAA in assists while being named an All-American and First-Team All-Pac-12.
He decided to forgo his final three seasons of NCAA eligibility and declared for the 2017 NBA Draft, where he was selected second overall by the Los Angeles Lakers ahead of Jayson Tatum and the Boston Celtics.
Ball had a strong first year and was named to the NBA All-Rookie Second Team thanks to 10.2 points, 6.9 rebounds, and 7.2 assists per game.
He spent two seasons with LeBron James and the Lakers before being traded to the New Orleans Pelicans as part of the deal that brought Anthony Davis to Los Angeles.
After two more seasons in New Orleans, Ball was traded once again, this time to the Chicago Bulls, signing a new contract in the process worth $80 million over four years.
In 2017, it was reported that Ball had purchased a $5.2-million mansion in California. The Chino Hills residence was reportedly a “fixer-upper” when he purchased it just two months after the NBA draft of that year.
The home sits on a plot of land that spans 3 acres, and it includes a 13,800-square-foot villa. Although the home needed work, it sported some notable features.
The residence was originally built in 2003, and it includes a theater, a library, and a fireplace. Additional highlights include cathedral-vaulted ceilings and interior balconies.
In addition, there is a 1,200-square-foot guest house, a pool, and a cabana outside. Experts speculated that the home was not intended for his own personal use, but rather the use of his family.
In 2019, Lonzo Ball announced that he was suing Gregory Alan Foster, a partial owner, and manager of the Big Baller Brand. Along with his family members, Lonzo alleged that Foster had taken $1.5 million of his own personal money. In total, Lonzo and his family members sought to recoup more than $2 million in damages.
Contracts and Salary
In July of 2017, Lonzo signed a four-year, $33-million deal with the Lakers. The deal paid him an average of $8 million per year.
In August 2021, Lonzo signed a four-year $85 million with the Chicago Bulls. The deal with pay an average of $21 million per year.
In 2017, Lonzo Ball and his family members debuted their own reality show on Facebook Watch called “Ball in the Family.”
Ball’s business endeavors have been largely tied to his family’s apparel business, which is called Big Baller Brand. He used this company’s sports equipment instead of signing a brand endorsement deal with a major company, such as Nike or Adidas.
In 2017, Lonzo and his family’s company released their first shoe, which was priced at $495 and bore Lonzo’s name. Lonzo owns 51% of the Big Baller Brand, despite not being a founder.
The shoe has been criticized for being overpriced, and for not having the same level of quality as other shoes. The Lakers even stated that they were concerned about the quality of the shoes, suggesting that they could be the root of Ball’s ankle injuries.
Amidst legal issues and concerns about the brand’s longevity, Lonzo basically decided to give up on this business in 2019. He removed his tattoo of the brand’s logo and removed all references to the company from his social media accounts.
Ball met his long-term partner Denise Garcia in high school. They later had a child together, although the pair broke up in 2018. After two years, they appeared to reconcile in 2020.
|Net Worth||$35 Million|
|Born||October 27, 1997|
|Country of Origin||United States of America|
|Source of Wealth||Professional NBA Player|
Lonzo Ball’s net worth is a reflection of his success both on and off the basketball court. From his early basketball days at Chino Hills High School to his current endeavors as an NBA player and entrepreneur, Ball has demonstrated remarkable talent, drive, and business acumen.
As he continues to make strides in his career, it is clear that Lonzo Ball’s financial success will only continue to flourish.