Karl Malone is arguably considered one of the greatest power forwards of all time, in NBA history. He also holds the (NBA) career record for free throws attempted (13,188) and made (9,787).

After a triumphant collegiate career at Louisiana Tech University, the muscular player standing 6 feet 9 inches (2.06 meters) tall was selected by the Utah Jazz and promptly became the dominant power forward in the league.

Former American professional basketball player Karl Malone

Image Source: The Salt Lake Tribune

Malone spent the majority of his career with Jazz leading the team to many victories. He played a vital role to reach the team into the NBA finals in 1998 and 1999. The player also won gold medals at the 1992 and 1996 Olympics respectively. Similarly, in 1997 and 1999, Karl was also named the NBA’s Most Valuable Player. He scored 36,374 career points.

In 2010, Malone was also inducted into Naismith Memorial Basketball Hall of Fame. After having such an illustrious career, Malone also undoubtedly holds a tremendous amount of money.

What Is The Net Worth Of Karl Malone In 2020?

Karl Malone has an estimated net worth of $75 million, according to Celebrity Net Worth, in 2020. The accomplished now-erstwhile NBA player has racked up the majority of his aforementioned wealth from his club’s salary as well as bonus, and a lucrative endorsement deal with various brands.

Here is the exclusive detail of his salary he was paid from Utah Jazz,

Year Salary
1985-96 $225,000
1987-88 $835,000
1988-89 $1,350,000
1990-91 $2,260,000
1991-92 $2556,000
1992-93 $2,854,000
1993-94 $3,081,000
1994-95 $3,378,800
1995-96 $3,676,000
1996-97 $4,657,000
1997-98 $5,118,578
1998-99 $6,142,000
1999-00 $14,000,000
2000-01 $15,750,000
2001-02 $17,500,000
2002-03 $19,250,000

Malone played his career’s last season (2003-04) with Los Angeles Laker and received a salary of $1,500,000. He announced his retirement from Professional Basketball on 13th Feb 2005.

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Here is another list of his contract through his NBA career,

Year Team Contract Value
1st Sep 1988 Utah Jazz $3.61 million
25th Sep 1990 Utah Jazz $17.8 million
13th Jan 1996 Utah Jazz $15.9 million
1st Aug 1999 Utah Jazz $66.5 million
16 July 2003 Los Angeles Lakers $1.5 million

During his extensive career, Malone also fined twice $10,000 for elbowing the Pistons’ Isiah Thomas on the forehead and the Blazers’ Brian Grant.

He Sold His Utah House At Auction For $2.5 Million

Karl Malone previously owned a house in Salt Lake City, Utah. He put the house on the auction block, in May 2005 and the auctioneer Craig King bought the property for $2.5 million, plus a 10 % commission.

Karl Malone’s former house in Utah

Image Source: P Interest 

The house features a shooting range, two swimming pools, and 11 baths. Moreover, Malone also has a summer home near the Kenai River in Alaska.

Malone Is Also A Businessman And An Actor

Karl Malone also makes a major portion of his riches from his business ventures. He has a ownerships of Teriyaki Grill, Eskimoe’s Ice Cream, and Arby’s in Ruston, Louisiana.

Malone also has two car dealerships in Utah, Karl Malone Chrysler Dodge Jeep Ram is in Heber City, Utah, while Karl Malone Toyota is in the Salt Lake City suburb of Draper.

In early October of 1990, the player made an undisclosed contractual agreement with the shoe company L.A. Gear.

Besides, Malone also has a short-lived career in the entertainment industry. He appeared in two movies Rockwell (1994) as well as Soul Plane (2004) and TV series Jimmy Kimmel Live.

Charity Work

Karl Malone is a founder of the Karl Malone Foundation for Kids. It aims to help financially to kids and their families. He donated $200k to Navajo Indians.

Similarly, Malone also donated $4,000 and $2,000 to the 2004 reelection campaign of President George W. Bush and $2,000 to the 2004 U.S. Senate campaign of Lisa Murkowski. He is also the Board of Directors of the national gun advocacy organization National Rifle Association (NRA).

He is also a strong proponent for farmers who serve in Louisiana.

Short-Bio Of Karl Malone

Karl Malone was born on July 24, 1963, in Summerfield, Louisiana, the United States. He is the youngest of nine children born to Shirley Malone and Shedrick Hay.

He was raised by his single mother on a farm. Whereas his father Hay was living with another woman he married. Malone revealed that his old man committed suicide when he was 3, in 1994.

He attended Summerfield High School. There, he briefly played basketball leading his school team to three consecutive Louisiana Class C titles from 1979 to his senior season in 1981. He later joined Louisiana Tech University.

Karl Malone with his wife Kay Kinsley

Image Source: My Dot Comrade

Malone married Kay Kinsley, on 24th December 1990. His wife is a winner of the 1988 Miss Idaho USA pageant. The couple is also blessed with four children, three daughters Kadee Malone, born November 8, 1991, Kylee Malone, born April 7, 1993, as well as Karlee Malone, born in 1998, and a son, Karl, Jr. “K.J.”, born May 8, 1995.

The tabloid newspaper The Globe alleged that Karl Malone was the father of the other three children. The newspaper claimed that he had twins Daryl and Cheryl Ford with Bonita Ford, a woman from his hometown of Summerfield, Louisiana and one with Gloria Bell who gave birth two their son Demetress Bell when she was 13.

Later, Gloria filed a lawsuit against Karl for child support. Then, the court examined the evidence of documents where the blood result shows more than 99% certainty that the real father of Demetress was either Malone or his brother.

As per the reports, the retired professional basketball player challenged the court’s ruling revealing that the penalty blames Karl for $125 per week as child support along with the medical expenses which is quite excessive. In the end, the case was settled on confidential terms and Karl was ruled to be the real father after he denied for DNA test.

In 2018, Karl also said:

“I didn’t handle it right; I was wrong … Father Time is the biggest thief that’s out there, and you can’t get that back.”

about his relationship with his older children.