Karl Malone, one of the finest and most popular sportsmen of the 1990s, has a net worth of $85 million. Similarly, Karl Malone’s net worth is the result of his 19 years in the NBA.
Malone’s annual pay with the Utah Jazz peaked at $19.2 million during the height of his career. Above all, Karl was the second-best player of his era, with only the G.O.A.T., Michael Jordan, being greater.
Similarly, the 14-time All-Star is just as successful, if not more, in his business interests than he is on the field. For example, the Hall of Famer owns more than 14 businesses across the country, including one in his hometown of Louisiana.
But how did the child who lived up with eight other siblings amass an $85 million net worth? Who steered the 14-time All-lucrative Star’s business ventures?
So, by the end of this post, you’ll have a better understanding of the above-mentioned questions. There is also information about the 56-year-early old’s life, NBA salaries, contracts, house, cars, family, and wife available.
Let’s get started without further ado.
Karl Malone’s Net Worth and Biography
Karl “The Mailman” Malone was born in Summerfield, Louisiana, on July 24, 1963, to Shirley Malone and Shedrick Hay.
Shedrick, on the other hand, abandoned his nine siblings and Shirley to marry another woman before Karl was three years old.
As a result, Malone had to help his mother from an early age by chopping trees, hunting, and fishing to support the family.
After a rough childhood, the former Los Angeles Lakers power forward attended Summerfield High School, where he led the team to three consecutive Louisiana Class C championships.
As a result, a number of universities expressed interest in Malone’s services, but Louisiana Tech University ultimately won. The main factor was that the university was located closer to home than the others.
Unfortunately, due to his poor grades, the future Hall of Famer had to wait a year to make his debut for the team. Following that, the 6’9 power forward made an impact in his second season with the Louisiana Tech Bulldogs.
Karl had a game-by-game average of 18.7 points and 9.3 rebounds. Louisiana Tech got to the NCAA tournament for the first time in school history because of Malone’s outstanding play.
Career Highlights & Achievements in the NBA
Karl Malone’s NBA career began as the 13th overall choice in the 1985 NBA draft by the Utah Jazz.
Following that, the Louisiana native stayed with the Jazz for an astonishing 18 years, which is unprecedented in today’s NBA due to a lack of loyalty among both players and clubs.
Returning to the matter, in 1997 and 1998, the Louisiana native led his team to two NBA finals. Unfortunately, the Jazz was defeated in both finals by the Chicago Bulls, who were led by the legendary Michael Jordan.
Malone never won a team award, but he more than made up for it with his impressive number of personal accomplishments, which are shown below:
1997, 1999 NBA Most Valuable Player
14-times NBA All-Star (1988-1998, 2000-2002)
11 times All-NBA First team (1989-1999)
Two time All-NBA Second team (1988, 2000)
Three times NBA All-Defensive First Team (1997-1999)
1986 NBA All-Rookie First Team
No.32 retired by Utah Jazz
NBA’s 50th Anniversary All-Time Team
1983 Southland Player of the Year
No.32 retired by Louisiana Tech
Los Angeles Lakers’ Karl Malone
Despite spending 18 years with the Utah Jazz, Malone played his final season for the Los Angeles Lakers, fulfilling his dream of becoming an NBA champion.
The Lakers were coming off a three-peat and had world-class players like Kobe Bryant, Shaquille O’Neal, and Gary Payton on their roster.
As a result, when the two-time MVP joined the team, the expectations were sky-high, as everyone expected the Lakers to repeat as champions for the fourth year in a row.
Karl, on the other hand, fell short at the final hurdle, much like he did with the Jazz in 1997 and 1998. To clarify, the Los Angeles-based team did make it to the NBA finals in 2003-2004.
Unfortunately, a motivated Detroit Pistons team led by Chauncey Billups defeated the Lakers in five games, to to the surprise of practically everyone.
As a result, Karl Malone’s career and dreams as a player have come to an end.
Karl Malone Salary & Contracts in the NBA
Due to his nearly two decades of NBA service, the Mailman is worth an eye-watering $85 million. Karl also had a slew of sponsorship relationships with a variety of companies, all of which led to Malone’s vast fortune.
Over the course of his 19-year NBA career, the Mailman has earned more than $105 million in salary alone.
NBA players, on the other hand, must pay taxes ranging from 45 to 50 percent of their entire earnings. Malone, on the other hand, has a staggering net worth of $85 million.
Karl’s net worth is also unsurprising, given that the former Jazz Power Forward was arguably the second-best player of his generation.
To give you an example, Malone won the NBA MVP award twice in 1997 and 1999.
As a result, Malone was consistently among the highest-paid players of his period.
You might also be curious about how much the 14-time All-Star made over the course of his nearly two-decade NBA career. Don’t worry, because I’ve got you covered.
The following is a list of Malone’s career earnings and contracts over his nearly 20-year NBA career:
1985 Earnings: $225,000
1986 Earnings: $550,000
1987 Earnings: $835,000
1988 Earnings: $1.35 million (a new two-year contract worth $3.6 million)
1989 Earnings: $2.26 million
1990 Earnings: $2.26 million (a new five-year contract worth $17.8 million)
1991 Earnings: $2.5 million
1992 Earnings: $2.8 million
1993 Earnings: $3.0 million
1994 Earnings: $3.3 million
1995 Earnings: $3.6 million
1996 Earnings: $4.6 million (a new three-year contract worth $15.9 million)
1997 Earnings: $5.1 million
1998 Earnings: $6.1 million
1999 Earnings: $7.2 million (a new four-year contract worth $66.5 million)
2000 Earnings: $14 million
2001 Earnings: $15 million
2002 Earnings: $17.5 million
2003 Earnings: $19.2 million
Earnings in 2004: $1.5 million (a new one year contract with LA Lakers)
Karl Malone’s Professional Statistics
Figures from his professional life
Karl Malone’s Net Worth: Houses and Automobiles
For the wealthiest people, having large expensive residences and ostentatious and luxurious cars has become the standard. Karl is no different since he owns some of the most valuable real estates in the city of Louisiana.
To give you an example, Malone is currently residing in his $8 million home in Ruston, Louisiana. Nonetheless, with a net worth of $85 million, I doubt Karl felt the pinch.
Furthermore, the 14-time All-Star owned a massive estate in Utah, the location where he rose to fame and fortune.
To give you an example, the two-time MVP lived in one of Utah’s most opulent homes. The 19,000-square-foot property, for example, has two swimming pools, a shooting range, 11 baths, and a lovely lawn.
It should come as no surprise that the huge home features a basketball hoop in the basement.
Despite this, Malone had to sell the house because he was set to play for the Los Angeles Lakers in the 2003-04 season. As a result, the house was put for auction at $6 million by Craig King.
The house, however, did not sell for as much as projected. The key reason was that the auction was a “absolute auction,” which implies that no matter what the bidding price, someone will acquire the house.
Will Barton’s bio includes information on his career, statistics, contract, age, and Instagram account.
As a result, the 19,000-square-foot home was sold for $2.5 million, less than half of its original asking price.
And it was none other than Dwight Manley who was the lucky buyer of the mansion. Manley, who was also a real estate investor at the time, was Malone’s agent at the time.
The 14-time All-Star is the proud owner of a large fleet of vehicles in addition to multiple houses.
Malone, for example, owns a Harley Davidson motorcycle worth roughly $30,000. In addition, the 6’9 power forward owns multiple Toyota vehicles.
The reason for this is that Malone owns a Toyota dealership in Ruston, Louisiana, where he grew up. MVP also has a Dodge Charger GT, which has a list price of $35,000 on it.
Career Highlights for Karl Malone
- 2× NBA Most Valuable Player
- 14× NBA All-Star
- 2× NBA All-Star Game MVP
- 11× All-NBA First Team
- 2× All-NBA Second Team
- All-NBA Third Team
- 3× NBA All-Defensive First Team
- NBA All-Defensive Second Team
- NBA All-Rookie First Team
- No. 32 retired by Utah Jazz
- NBA’s 50th Anniversary All-Time Team
- Second-team All-American
- Southland Player of the Year
- No. 32 retired by Louisiana Tech Bulldogs
Karl Malone’s net worth is based on his business ventures.
Karl’s earnings during his playing career would have been plenty for most other people.
However, given Malone’s competitive nature, it should come as no surprise that the 6’9 power forward is just as competitive off the court as he is on it.
To emphasize, the late brother of the two-time MVP once said,
“If I had your money, I wouldn’t do anything.”
In other words, Karl is a highly successful entrepreneur who runs a variety of enterprises under the Malone Properties banner.
One may expect the 14-time All-Star to take a rest and enjoy his fortune and celebrity. Instead, the two-time MVP has grown his business, which now includes the following:
Arby’s/Texaco in Ruston
Teriyaki Grill franchise in Ruston
230-acre cattle ranch
Three Jiffy Lube franchises in Utah
Part owner of two Burger King franchises (Utah and Idaho)
22 acre Karl Malone Used Car Outlet Toyota in Sandy
Karl Malone Toyota in Draper
Two condos at Green Valley Resort in St. George
M&M Automotive in Sandy
Body Shop/Collison Center
Eskimoe’s Ice Cream
Karl Malone Chrysler Dodge Jeep Ram in Heber City
Malone has a few thousand acres of Louisiana woods in addition to his vast list of commercial operations.
Karl also owns the gas, oil, and mineral rights to the same piece of property. Similarly, he owns a summer property in Alaska along the Kenai River.
In addition, in his hometown of Ruston, the two-time MVP owns a 37-acre outdoor mall. Similarly, the Louisiana native has a 300-acre walled farm where he raises deer. Malone has been rearing white-tailed and axis deer on the site for years.
Karl also operates Malone Outfitters, through which he takes clients on hunting trips on his 300-acre deer ranch. One might be curious as to where the 6’9 power forward obtained his business skills.
There’s no reason to be concerned because Larry Miller, Malone’s previous supervisor, is the driving force behind his success.
The late entrepreneur, auto salesman, and Jazz owner aided the 14-time All-Star in both on and off the court endeavors.
Malone claims that
“Larry and I talked about everything. One of the things he told me is to have a passion for whatever you do, not doing business just to do it. You do it to make a profit. You’ve got to ask questions.”
In addition, the Louisiana native has dabbled in the entertainment world. Malone, for example, starred in the films Rockwell (1994) and Soul Plane (1995). (2004).
The movies, however, did not prove to be as lucrative as his business and acting careers. In addition, the two-time MVP has a recurrent presence in Jimmy Kimmel Live’s hit chat show “All Alone with Karl Malone.”
Finally, the power forward learned from one of the greatest businessmen who ever lived. As a result, Malone is today one of the wealthiest businessmen in the world. And I have no doubt that Karl’s net worth will surpass $100 million at some point in the future.
Karl Malone: Volunteering
Malone, who grew up in a poor household due to necessity, does everything he can to assist needy families and children.
As a result, Karl founded the Karl Malone Foundation, which helps children and their families financially. To give you an idea, the Louisiana native donated $200,000 worth of materials to the Navajo Indians.
Malone was also presented with the Henry B. Iba Award in 1998. To clarify, the honor is awarded to athletes who have gone above and beyond to help those in need.
Similarly, the two-time MVP contributed $6,000 to President George W. Bush’s re-election campaign and $2,000 to Lisa Murkowski’s U.S. Senate campaign in 2004.
We’ve all seen how generous and down-to-earth Malone is by now. As a result, it should come after no surprise that the 14-time All-Star expressed his support for Louisiana farmers as Pilgrim’s Pride closed its operations, putting farmers out of work.
Karl is also a member of the National Rifle Association’s (NRA) Board of Directors, whose primary goal is to teach firearm safety and competency.
Karl Malone’s Family and Wife
Karl’s personal journey is as as spectacular, if not greater, than his NBA adventure. For example, The Mailman is married to Kay Kinsey, Miss Idaho 1988. Specifically, the pair married on December 24, 1990, in a spectacular ceremony.
Children of Karl Malone
In addition, the two lovebirds have four beautiful children: Kadee Malone, Kylee Malone, Karlee Malone, and son Karl Junior. That’s not all, as the 14-time All-Star fathered three more children with two different women.
Malone and Bonita Ford had a set of twins, son Daryl Ford and daughter Cheryl Ford.
Second, the Hall of Famer had another child with Gloria Bell, Demetress Bell. Gloria was just 13 years old when she gave birth to Demetress, which is incredible.
Those occurrences, however, occurred in the past and should be forgotten. Malone is currently a family man who enjoys spending time with his children and wife, Kay.
Since a result, Karl’s history should not detract from his present, as he is one of the most caring and loving fathers imaginable.
Some Famous Karl Malone Quotes
- Sometimes, you follow your dreams. I say to the young people, ’If you have a dream, chase it.
- It takes people a while to trust you.
- I never felt I had the kind of relationship with Magic that I could just pick up the phone and call him at home.
Presence on social media
Twitter: 73.6k +followers
A few often asked questions
What does Karl Malone make a living doing?
Kay Kinsey, Karl Malone’s wife, works at Ruston’s Teriyaki Grill Restaurant. Karl owns a number of enterprises and assets, while Kay Kinsey is also involved in a number of others.
Apart from basketball, what are Karl’s other interests?
Karl enjoys going on adventures and seeing new locations, as well as hunting and fishing.
Is the Honda dealership still owned by Karl Malone?
Karl does not currently own the Honda dealership. He was a co-owner of the Honda dealership in the past, but he sold his half to Larry H. Miller Dealerships in 2010.
Karl Malone, what happened to him?
Malone suffered a knee injury on December 21 while playing against the Phoenix Suns, forcing him to miss 39 games.
Was Karl Malone featured in the most recent dance documentary?
Karl Malone was noticeably absent from the last segments of the dance documentary. Kael, on the other hand, declined the interview.
Facts of Karl Anthony Malone
|Full Name:||Karl Anthony Malone|
|Birth Date:||July 24, 1963|
|Height:||6 feet 9 inches (2.06m)|
|Net Worth||$85 Million|
|Eye Color||Dark Brown|
|Hair Color||Dark Brown|
|Birth Place||Summerfield, Louisiana|
|Education||Summerfield High School Louisiana Tech University|
|Karl Anthony Malone Twitter|
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