Lamelo Ball has achieved tremendous financial success with a net worth estimated at $20 million.
Lamelo Ball is a professional American basketball player who plays for the Charlotte Hornets of the NBA. The youngest of the three Ball brothers, Lamelo has quickly made a name for himself in the basketball world thanks to his flashy playmaking abilities and exceptional court vision.
Lamelo Ball Net Worth
Lamelo Ball has rapidly accumulated an impressive net worth at a very young age. Entering just his third NBA season at 21 years old, Lamelo Ball has an estimated net worth of around $20 million.
Most of Lamelo’s wealth comes from his NBA contracts. He signed a 4-year rookie contract worth $35 million with the Charlotte Hornets after being drafted 3rd overall in 2020. Lamelo’s major endorsement deals with companies like Puma and Panini also contribute significantly to his net worth.
Forbes estimated that Lamelo earned $6.2 million in endorsement money from deals during the 2020-2021 NBA season. That figure will almost certainly rise as Lamelo’s brand profile expands. The launch of his MB1 shoe line with Puma also stands to bring in new revenue.
Lamelo’s lucrative off-court partnership deals highlight his marketability and appeal to brands. His flashy playing style and large social media following make Lamelo an ideal brand ambassador, especially for companies trying to reach younger demographics.
Early Life and Education
Lamelo Ball was born on August 22, 2001, in Chino Hills, California. He grew up with his two older brothers, Lonzo and LiAngelo, who also pursued professional basketball careers. Lamelo’s father, LaVar, was instrumental in developing his son’s basketball skills from a young age.
Lamelo attended Chino Hills High School, where he played basketball all four years. He helped lead Chino Hills to a state championship in 2016. Lamelo gained national attention during his sophomore year for scoring 92 points in a single game. After two years at Chino Hills, Lamelo spent his junior year playing professionally in Lithuania and his senior season at SPIRE Institute in Ohio.
Career Beginnings in the NBL
Instead of playing college basketball, Lamelo decided to play professionally in the National Basketball League (NBL) in Australia after finishing high school. He joined the Illawarra Hawks in 2019 and averaged 17 points, 7 rebounds, and 7 assists per game. Lamelo’s performance earned him the NBL Rookie of the Year award.
Lamelo’s success in Australia increased his prospects for the 2020 NBA Draft. He was selected third overall by the Charlotte Hornets, signing a 4-year, $35 million contract.
Success in the NBA
Lamelo Ball’s rookie season with the Hornets in the 2020-2021 season, he proved victorious. He averaged 15.7 points, 6.1 assists, and 5.9 rebounds per game, finishing second in Rookie of the Year voting. The following 2021-2022 season saw Lamelo emerge as an All-Star starter, averaging 20.1 points, 7.6 assists and 6.7 rebounds per game.
Lamelo has helped transform the Hornets into an exciting, competitive team. His flashy style of play and highlight reel passes have made him a fan favorite in Charlotte and across the league. With Lamelo leading the Hornets into the future, the team appears poised to become a force in the Eastern Conference.
Sources of Income
Lamelo Ball has amassed his current net worth through multiple income streams that capitalize on his basketball stardom.
His most significant source of income is his NBA salary with the Charlotte Hornets. He signed a 4-year, $35 million rookie contract after being drafted in 2020. With contract extensions looming, Lamelo can earn even more salary as his game develops.
Lamelo earns millions from significant endorsement deals with Puma, Panini, and BodyArmor sports drinks. His flashy style makes him an appealing brand ambassador for products trying to reach young demographics.
Launching Lamelo’s signature MB1 shoe line with Puma provides another revenue stream. As the face of Puma basketball, Lamelo takes a percentage of sales from his signature shoes.
Business Ventures and Sponsorships
Lamelo Ball has quickly become one of the most marketable young players in the NBA. He signed a multiyear footwear and apparel endorsement deal with Puma in 2019. Lamelo also has endorsement deals with companies like Panini America and BodyArmor sports drink.
In 2021, Lamelo announced the launch of his basketball sneaker brand, MB1, produced by Puma. The MB1 is Lamelo’s first signature shoe as he looks to establish himself as one of the faces of Puma basketball. The shoe brand represents Lamelo’s business savvy at a very young age.
Lamelo has also leveraged his fame through social media platforms like Instagram and TikTok, where he has millions of followers. His social media presence helps Lamelo stay connected with fans and promote his brand partnerships. Lamelo Ball’s business portfolio will likely keep expanding as his star continues to rise in the NBA.
Salary and Earnings
Lamelo Ball’s meteoric rise in the NBA has been matched by his soaring salary and earnings.
As the 3rd overall pick in the 2020 NBA draft, Lamelo signed a 4-year, $35 million rookie contract with the Charlotte Hornets. He earned $7.84 million in salary in his first season, which increased to $8.6 million in 2021-2022.
For his third NBA season in 2022-2023, Lamelo earns $10.1 million. His rookie scale contract guarantees him over $11 million for 2023-2024. Once eligible for a rookie extension, Lamelo’s annual salary could double the $20 million plus range.
Lamelo will have earned around $50 million in NBA salary from his current contract before his 23rd birthday. His earnings will continue to grow exponentially from there with upcoming extensions or free agency contracts.
However, Lamelo rakes in millions more from lucrative endorsement deals. He signed a sneaker and apparel deal with Puma worth an estimated $100 million over 5 years. Lamelo also has endorsements with Panini, BodyArmor, and Sportable Scoreboards that contribute to his income.
Lamelo Ball leads a relatively quiet personal life, preferring to keep the spotlight on his basketball career. He has a very close relationship with his family. Lamelo grew up with his two older brothers, Lonzo and LiAngelo, who also pursued professional basketball careers. His parents, LaVar and Tina, have been fixtures at Lamelo’s games since high school.
Lamelo began dating model Annemarie Gore in 2019. The two met at a fashion show in New York. Annemarie frequently posts photos with Lamelo on her Instagram page, which has over 300,000 followers. Lamelo and Annemarie made their relationship red carpet official by attending the 2021 Met Gala together.
While he enjoys the luxuries afforded by his NBA salary, Lamelo lives a relatively low-key lifestyle. He splurged on buying his mother a new house after getting drafted. Lamelo also seems to enjoy fashion and tending to his pet French bulldog.
FAQs on Lamelo Ball Net Worth
What team does Lamelo Ball play for?
Lamelo Ball plays point guard for the Charlotte Hornets. He was drafted 3rd overall by the Hornets in the 2020 NBA draft.
How much is Lamelo Ball’s net worth?
Lamelo Ball’s current net worth is around $20 million. The bulk of his net worth comes from NBA salary and endorsement deals.
Is Lamelo Ball married?
Lamelo Ball is not married. He has been in a relationship with model Tina Slatinsky since 2019.
How much does Lamelo Ball make per year?
Lamelo Ball earns $10.1 million in salary from the Hornets. His earnings will increase substantially with his next contract. Endorsement deals also net Lamelo several million per year.
Lamelo Ball has already emerged as one of the brightest young stars in the NBA thanks to his playmaking wizardry and box office appeal. After forgoing college to play overseas, Lamelo proved he was ready for the NBA by winning Rookie of the Year honors in Charlotte. His eye-popping passes and scoring ability have energized the Hornets franchise.
However, Lamelo is leveraging his basketball success to create business opportunities beyond the court. While his career is just getting started, Lamelo Ball appears destined for superstardom and long-term financial wealth in the years to come.