Karl Malone, a former NBA power forward, is largely considered to be among the best players in the position’s illustrious history. Malone has inducted into the Basketball Hall of Fame in 2010 thanks to his legendary status as an unstoppable scoring machine and fierce competitor.
But how did Malone amass his fortune, and how much does he have now? Here, we’ll examine Karl Malone’s life and career in further detail to see what made him one of the world’s wealthiest players.
Karl Malone Net Worth
Karl Malone is a former American power forward in professional basketball who made $55 million in his career. For his reliable output on the court, Karl Malone earned the nickname “The Mailman” and is now widely considered one of the greatest power forwards in NBA history. Malone began his career in the NBA that year with the Utah Jazz.
In 1998 and 1999, under his direction, the squad advanced to the NBA Finals. Eleven times he was selected to the All-NBA first team. In 1997 and 1999, he was selected as the NBA’s Most Valuable Player. His final season was with the Los Angeles Lakers after he left the Utah Jazz in 2003.
Malone competed for the United States in the 1992 and 1996 Summer Olympics, where he helped bring home gold both times. Malone had impressive numbers at the 1996 Olympics, averaging 8.4 points, 4.5 rebounds, and 1.4 assists per game while shooting 56.9% from two-point range and 52.9% from the free throw line.
Karl Malone score 34,000 points in 2002:
On this day in 2002, Karl Malone became just the second player in NBA history to score 34,000 points in his career! 📫🐐#BovadaSportsHistory
— Bovada (@BovadaOfficial) January 30, 2023
Karl Malone: The Mailman Made Millions
Karl made $105 million in salary alone during his NBA career. That’s equivalent to about $200 million now, after inflation. The 2002–03 season, his last with the Jazz, was the one in which he earned $17 million. That’s equivalent to $25 million in today’s money.
Known as “the Mailman,” Karl Malone played professional basketball in the NBA before retiring. He is widely regarded as one of the league’s greatest power forwards.
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Karl Malone’s Luxury Lifestyle
The wealthy have normalized the practice of owning large, expensive homes and vehicles. One of the most influential figures in Louisiana’s real estate industry is Karl.
As an example, Malone presently dwells in his $8 million mansion in Ruston, Louisiana.
The two-time MVP used to own one of the most expensive homes in Utah. There were two swimming pools, a shooting range, 11 bathrooms, and a gorgeous backyard inside this 19,000-square-foot mansion.
While playing for the Los Angeles Lakers in the 2003–04 season, Malone was forced to sell his home. Therefore, Craig King’s auction of the home set the starting bid at $6 million.
It was eventually sold for $2.5 million, much under its original asking price. Dwight Manley himself was the buyer of the mansion.
The 14-time All-Star also has an impressive collection of cars and homes.
Take Malone’s expensive Harley-Davidson motorcycle as an example. The 2.06-meter forward is also a proud owner of multiple Toyotas. He also has access to a $35k Dodge Charger GT.
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