The 48-year-old is worth $130 million as of 2024.
Key Takeaways
- Tim Duncan is estimated to have a roughly $130 million net worth.
- He earned around $242 million in salary during his 19-year tenure with the San Antonio Spurs.
- He secured multiple endorsement deals during his NBA career.
- He has also invested in real estate and has established a custom car shop in San Antonio.
Tim Duncan, the retired American professional basketball player widely regarded as one of the greatest power forwards in NBA history, has amassed a significant fortune over the years.
As of 2024, Tim Duncan is estimated to have a net worth of roughly $130 million.
True or False: Tim Duncan is the greatest NBA Power Forward of all time. pic.twitter.com/F2E5S8kAjq
— JOIN SOSA WORLD🌎 (@SosaKnowsAll) November 4, 2024
Over his 19-season career, which was entirely spent with the San Antonio Spurs, Duncan earned around $242 million in salary alone.
Notably, during the 2013-2014 season, he accepted a reduced salary to provide the Spurs with greater financial flexibility, demonstrating his team-first mentality.
Beyond his on-court earnings, Duncan signed various endorsement deals with brands such as Adidas and H-E-B.
In 2013, he founded BlackJack Speed Shop, a custom car shop in San Antonio.
A passionate car enthusiast, Duncan has multiple exotic and vintage cars in his personal collection, including a Porsche 911 Turbo, a Dodge Challenger, a Ferrari F12 Berlinetta, a pair of vintage Mercurys, a GMC Yukon, and an Audi R8.
Duncan dipped his hand into real estate when he purchased a $1.25 million, 3,955-square-foot home in Spicewood, Texas, in 2005.
The spacious property features five bedrooms, an outdoor fire pit, and a chef’s kitchen.
However, as of 2024, the house is listed at $945,000.
In 2021, Tim and his family moved to a much bigger palatial mansion in San Antonio.
Committed to giving back, Duncan established the Tim Duncan Foundation in 2001.
The foundation focuses on health awareness, education, and youth sports programs, reflecting his dedication to community development.
Special Thanks to Tim Duncan for contributing in the 2:1 Holiday Challenge matching $2 for each dollar donated to the @safoodbank! We are happy to announce we reached 100% of our goal totaling 5.25 Million Meals! Hunger never rests, continue to support your local food bank! pic.twitter.com/Ou2ECsWXOy
— San Antonio Food Bank (@safoodbank) January 19, 2018
In 2015, Duncan sued his former financial advisor, Charles Banks, for $7.5 million, alleging that he used his money for personal benefit.
The lawsuit also alleged that Charles encouraged Duncan to invest in several wineries and investment funds he controlled.
In 2017, Banks was indicted on fraud charges and sentenced to four years in federal prison.
Duncan was awarded the full $7.5 million in damages as part of the settlement.
All in all, Tim Ducan has successfully amassed a hefty sum of net worth amounting to $130 million.
In Case You Didn’t Know
- Duncan won five NBA championships with the Spurs and was named NBA Finals MVP three times.
- Tim Duncan played college basketball at Wake Forest University, winning the John Wooden Award and the Naismith College Player of the Year in his senior year.
- Duncan was inducted into the Naismith Memorial Basketball Hall of Fame in 2020.
- Before becoming a basketball legend, Duncan aspired to be a competitive swimmer. He switched to basketball at 14 after Hurricane Hugo destroyed the only Olympic-sized pool on his home island of Saint Croix.
The post Tim Duncan’s Net Worth Surpasses Hundred Million In His Almost Two Decade Basketball Journey appeared first on Players Bio.