Giannis Antetokounmpo’s net worth: How Milwaukee Bucks star turned rookie contract into $70M+ fortune | NBA News
Giannis Antetokounmpo is one of the most celebrated athletes within the NBA. He was drafted by the Milwaukee Bucks in 2013 as the 13th overall pick. Since then, he has achieved significant accolades through his performance. Along with that, the Bucks star has also built a fortune for himself. This fortune can be credited to both his on-court and off-court earnings. According to the latest update, his net worth is $70 million.However, the athlete was not earning this huge amount since the beginning of his NBA career. Giannis signed his rookie contract in 2013 and that was just the start. Along with his on-court earnings, the athlete has also been involved in brand endorsements that has helped him build this fortune. Let’s take a look at how the athlete achieved this net worth and continues to do so with each season.
From rookie contract to maximum veteran extension
Giannis Antetokounmpo started his career within the NBA in 2013. He was signed by the Milwaukee Bucks and has now become a star player on the team. Giannis’ rookie contract was signed in 2013. It was a 4-year deal worth $8,615,141. The contract ended in 2016 and in 2017 he signed a rookie extension. This was another 4-year contract signed between Giannis and the Bucks. This time the amount was $100,000,000, which brought his salary to an average of $25,000,000.In 2021, the Bucks star signed a designated veteran extension worth $228,200,420. It was a 5-year deal and increased his average salary to $45,640,084. The contract ended in 2025 and in the same year, he signed a maximum veteran extension worth $175,369,698. It is a 3-year deal and will run through 2027. This is the athlete’s current contract. In 2024, Forbes even listed Giannis as one of the highest-paid athletes in the world.
What are Giannis Antetokounmpo’s off-court ventures?
According to Forbes, Giannis Antetokounmpo’s off-court earnings almost amount to $45 million. The athlete has secured some of the most lucrative deals within the NBA. He has signed contracts with Nike and other big names like Google, PepsiCo and Breitling. Apart from all these, his business ventures include a share in Nashville SC of Major League Soccer and his own beverage brand. These are his major sources of earnings.Even though Giannis started off with a low rookie contract, his skills have helped him achieve big financial numbers within a short period of time. From an average rookie salary of $2,153,785 to being one of the highest-paid athletes within the league, Giannis has come a long way and he continues to do so with each season.
