Lonzo Ball’s net worth is estimated to be around $35 million, and his salary is about $20 million annually due to two 4-year contracts he signed in 2021.
Lonzo Ball, who was born on October 27, 1997, in Anaheim, California, grew up playing basketball and was considered one of the top high school players in the country. After graduating from Chino Hills High School in 2016, Ball decided to turn pro and forgo his college eligibility. It has since proved to be a good decision, as he has made both fame and fortune in the NBA. Here we will be looking at everything you need to know about the basketball player’s career sources of income and net worth.
Lonzo Ball has a Net Worth of $35 Million
Ball has made millions of dollars throughout his career due to his talent and success on the court. This has fetched him handsome salaries as well as endorsements and business ventures off the court. All these sums up his $35 million net worth, which is a conservative estimate.
The Anaheim, California-born player is certainly one of the richest B-ball players in the NBA, but not yet among the richest point guards the league has seen. Top on the list, for now, according to Sportrac, are the likes of Stephen Currey, with a net worth of $160 million; Damian Lillard worth about $100; Kyrie Irving who is worth $90 million, and many others. Be that as it may, Lonzo Ball’s net worth clearly reflects that his career is still on the accent.
He is Richer than his Two Brothers Who are Also NBA Stars
Of the three Ball brothers in the NBA, Lonzo Ball is the richest. The youngest of the trio; LiAngelo Ball reportedly has a net worth of about $1 million while Lamelo Ball has a net worth estimated to be in the neighborhood of $22 million. The eldest of them all Lonzo Ball is at least $35 million. It, therefore, means that Lonzo Ball is richer than his brothers, LiAngelo Ball and Lamelo Ball.
A Breakdown of Lonzo Ball’s NBA Contracts and Salary Earnings
At the start of Lonzo Ball’s now blossoming NBA career in 2017, he was selected by the Los Angeles Lakers as the second overall pick in the NBA draft. He played for the Lakers for two seasons, from 2017 to 2019, during which he earned a total of $13.7 million in salary.
In July 2019, Ball was traded to the New Orleans Pelicans as part of a multi-player trade that sent superstar Anthony Davis to the Lakers. Ball played for the Pelicans for one season in 2019–2020, earning a salary of $8.7 million.
In March 2021, Lonzo Ball signed a four-year contract with the Chicago Bulls worth $85 million. He is playing for the Bulls and has earned an average annual salary of $21.25 million over the course of his contract. By 2022, his base salary was increased to $19,534, 884 till 2023 before it increased again to $20,465,117 which will see him through the 2023-2024 NBA season. By 2025, he is projected to take home about $21,395,348 as his base salary.
Summary List of Lonzo Ball’s Salary and Career Earnings
2017 to 2019 – Los Angeles Lakers – $13,748,520
2019/2020 – New Orleans Pelicans – $8.7 million
2021/2022 – Chicago Bulls – $21.25 million
2022/2023 – Chicago Bulls – $19,534,884
2023/2024 – Chicago Bulls – $20,465,117
Lonzo Ball has Made Money from Endorsement Deals
In addition to his salary from playing basketball, Ball has earned significant money from endorsements and business ventures. He has deals with companies such as Nike and Puma, among others. Here are some of the brands Lonzo Ball endorses and the estimated amount of money he makes from each one:
Lonzo Ball’s Nike Deal is Worth $20 Million
Lonzo signed a multi-year deal with Nike in 2019, which is rumored to be worth around $20 million. As a Nike endorser, Lonzo wears Nike basketball shoes on the court and is featured in various Nike campaigns.
Puma Signed Lonzo Ball as their Ambassador in 2020
In 2020, Lonzo signed a deal with Puma, which is believed to be worth around $15 million. As part of the partnership, Lonzo promotes Puma basketball shoes and apparel.
Lonzo Ball’s C4® Endorsement Deal
As evident on his Instagram page, Lonzo Ball also has an endorsement and brand sponsorship deal with – Nutrabolt, a global leader in active health & wellness and the maker of C4® Energy. Some other big names that are the company’s brand ambassadors include WWE star – Roman Reigns, Mandy Rose and Montez Ford, Justin Fields, Kyle Pitts, etc.
Ball’s success on and off the court has made him one of the most recognizable athletes in the world, with a huge public appeal. The estimated total earnings he gets from these deals is around $35–40 million, which is a significant addition to his NBA contract earnings. But it does not stop here. Apart from these main known endorsement deals, there are reports that he also has a couple of other endorsement deals, but the details of these endorsements are unknown.
They include brands like Oakley, a company that specializes in eyewear. He is featured in Oakley’s “We Love Eyes” campaign and promotes the brand on social media. Another company is BioSteel; Lonzo is an investor and endorser of BioSteel, a sports nutrition company.
He has a signature flavor of BioSteel’s sports drink and promotes the brand on his social media accounts. Lonzo Ball is also a brand ambassador for Tonal, a home gym company that offers personalized workout programs. He promotes the brand on social media and has appeared in Tonal’s commercials.
Lonzo Ball’s Net Worth Sources off the Basketball Court
Aside from the earnings from his NBA contracts and the brand endorsement deals, which significantly impact Lonzo Ball’s net worth, the basketball star is also exploring other none basketball income sources using the fame he already has and the money he is making from the NBA. These his other income sources include:
Businesses and Investments
Lonzo Ball has invested in several companies, including the esports organization FaZe Clan and the Australian basketball team Illawarra Hawks. He has also launched his company, Big Baller Brand, which sells clothing, shoes, and other merchandise.
Social Media Following
Lonzo Ball has a large following on social media platforms such as Instagram, Twitter, and TikTok. He earns money through sponsored posts and partnerships. This is also one of the reasons why several brands seek his endorsements to reach their target market, his fan base.
Lonzo Ball is also a rapper and has released several albums and singles. He has also performed at various music festivals and concerts. His professional rap career debuted with “Melo Ball 1,” which he released in 2017. Since then, he has gone on to release many other songs.
Lonzo Ball has Supported Several Charity Initiatives
Lonzo Ball is known to have been supporting various charitable causes throughout his career. His charitable contributions have focused on supporting organizations that provide resources and opportunities for young people, as well as those that fund medical research and care.
Lonzo Ball has donated money to West Banks Boys and Girls Club, an organization that provides after-school programs and mentoring to young people.
He has also supported Make-A-Wish Foundation, a nonprofit organization that grants wishes to children with life-threatening medical conditions, UCLA Health, Stand Up To Cancer, and of course ZO2 Foundation, a nonprofit organization founded by his father, LaVar Ball. The foundation provides support to underprivileged youth in the Los Angeles area, including scholarships and educational programs.