How Carmelo Anthony Built a $200 Million Net Worth Outside of Basketball

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Carmelo Anthony just resigned from professional basketball after a 19-year career and considerable success in the league, having scored 28,289 career points, making him the ninth-highest scorer in NBA history.

Anthony was well-known before he joined the NBA. As a true freshman, he led Syracuse to a national championship before being picked by the Denver Nuggets later that year. Prior to his appointment in Denver, the NBA team had not made the playoffs in eight seasons.

However, after the Carmelo pick, he transformed the team’s fortunes, securing postseason berths for ten consecutive years. According to Sports Illustrated, they earned a trip to the Western Conference finals versus Bryant and the Lakers in 2009.

He finished third in MVP voting in 2013 and was named to the All-NBA team six times during his career. He’s also a 10-time All-Star and a four-time Olympian (three gold medals).

Anthony has quietly earned a great reputation outside of the NBA. According to Knickcentral, he has a reported net worth of $260 million, which he has accumulated from NBA earnings/savings, investments, and brand endorsements.

According to Forbes, his endorsement deals netted him an estimated $6 million. Jordan, Panini, Isotonix, Powercoco, Footlocker, and Haute Time are among the brands available.

His investment portfolios range from technology to wine. He owns a share in Melo7 Tech Partners, a venture firm; Creative 7, a media production firm; STAYME7O, a fashion label; and The Seventh Estate, a wine brand.

In 2018, he participated in a series A fundraising round for Genies, a leading avatar technology business. He teamed up with sportsmen like Kyrie Irving, Ndamukong Suh, and Russell Westbrook.

He also owns Nobody’s Pizza and The Ainsworth, two notable New York City restaurants. He has also invested in Overtime, a major brand for the next generation of sports enthusiasts.

Anthony contributed a $500K angel check to the phone accessory business Mophie in 2007. After nine years, their product is finally available in Apple stores. Zagg later purchased the company for more than $100 million.

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