Norm Nixon is widely recognized for his illustrious NBA career, particularly with the Los Angeles Lakers during the Showtime era. However, what truly sets him apart is how he leveraged that success into long-lasting wealth.
Norm Nixon net worth continues to grow even in 2024, thanks to a blend of his on-court achievements and post-retirement ventures.
Here at Aupeo, we’ll delve into the highlights of his basketball career, his major financial moves, and the impact of his ongoing business ventures.
Contents
- 1 Quick Facts
- 2 What is the Net Worth Of Norm Nixon in 2024?
- 3 Salary and Finance Overview
- 3.1 How His NBA Career Contributed to His Wealth
- 3.2 His Role in the “Showtime Lakers” Era and Financial Impact
- 3.3 The Financial Influence of His Post-NBA Career
- 3.4 How He Expanded His Wealth Through Business Ventures
- 3.5 His Time in Italy and How It Added to His Earnings
- 3.6 His Achievements and Awards and Their Impact on His Legacy
- 4 FAQs About Norm Nixon
- 5 Conclusion
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Norman Ellard Nixon |
| Popular Name | Norm Nixon |
| Gender | Male |
| Birth Date | October 11, 1955 |
| Age | 68 |
| Parents | Mary Jo, Elmer Nixon |
| Siblings | Ken Nixon, Ron Nixon, Elaine Nixon |
| Birthplace | Macon, Georgia, U.S. |
| Nationality | American |
| Ethnicity | African-American |
| Education | Southwest High School, Duquesne University |
| Marital Status | Married |
| Spouse | Debbie Allen |
| Children | DeVaughn Nixon, Vivian Nixon, Norman Nixon Jr. |
| Dating | N/A |
| Net Worth | $14 million |
| Source of Wealth | NBA, Business Ventures, Real Estate |
| Height | 6 ft 2 in (1.88 m) |
What is the Net Worth Of Norm Nixon in 2024?
As of 2024, Norm Nixon’s net worth is estimated at $14 million, a figure he shares with his wife, Debbie Allen. His successful NBA career with teams like the Los Angeles Lakers and San Diego Clippers significantly contributed to his financial standing.
In comparison to other influential figures in the basketball and entertainment industry, Norm Nixon has remained a key player, both on and off the court. Some of his contemporaries and connections include:
- Magic Johnson
- Kareem Abdul-Jabbar
- Debbie Allen
- Duquesne University
- Scavolini Pesaro
- LL Cool J
- Clippers
- Doug Edwards
- Philadelphia 76ers
For a broader look at the top earners in the NBA, check out this list of the wealthiest basketball players.
Salary and Finance Overview
How His NBA Career Contributed to His Wealth
Norm Nixon’s career began with the Los Angeles Lakers in 1977, where he quickly established himself as a talented point guard. His contribution to two NBA championships in 1980 and 1982 played a crucial role in boosting his income.
During his early years, Nixon’s salary reflected the value he brought to the Lakers as a core member of the “Showtime Lakers.” He maintained consistent performances, averaging impressive points and assists per game, which solidified his place in the league.
After his successful stint with the Lakers, Nixon was traded to the San Diego Clippers in 1983.
Here, he furthered his financial gains by leading the league in assists, maintaining his reputation as a top-tier point guard. His combined earnings from his time with the Lakers and Clippers made up a large portion of his wealth during his NBA career.
His Role in the “Showtime Lakers” Era and Financial Impact
The “Showtime Lakers” era, featuring Magic Johnson and Kareem Abdul-Jabbar, was a period that not only brought glory to the team but also contributed significantly to Nixon’s financial growth.
Nixon’s collaboration with these legendary players led to major endorsement deals, as his visibility increased.
He was a key player during this golden age of the Lakers, which undoubtedly added to his earning potential.
Nixon’s ability to perform under pressure, especially during the playoffs, earned him recognition and better contract deals.
This period of his career is often viewed as the foundation of his financial success, as it opened doors to further opportunities beyond his NBA playing years.
The Financial Influence of His Post-NBA Career
After retiring from the NBA, Nixon transitioned into becoming a successful sports agent. He represented several high-profile athletes, further expanding his income streams.
Nixon founded Norm Nixon & Associates, where he managed contracts for prominent clients in both the NBA and NFL.
His expertise as an agent not only allowed him to earn commissions on these deals but also cemented his place in the business side of sports.
In addition to his sports agency, Nixon explored other ventures such as broadcasting.
He served as a studio analyst for Lakers games on Fox Sports West, adding another layer to his post-NBA income. His involvement in sports media ensured that he remained a relevant figure in the basketball world.
How He Expanded His Wealth Through Business Ventures
Norm Nixon’s entrepreneurial spirit was evident in the founding of the Debbie Allen Dance Academy with his wife. This venture combined his wife’s talents with his business acumen, creating a platform that remains successful to this day.
The Academy is a testament to how Nixon and Allen have merged their personal and professional lives to build wealth together.
Moreover, Nixon made smart real estate investments, including a 6,500-square-foot home in Santa Monica, currently valued at around $9-10 million.
These investments, alongside his business ventures, have allowed him to grow his wealth steadily after retiring from professional basketball.
His Time in Italy and How It Added to His Earnings
Towards the end of his basketball career, Nixon played briefly for Scavolini Pesaro in Italy. While his time in Italy was short, the financial contracts associated with international basketball leagues in the 1980s were lucrative.
Nixon’s decision to extend his playing career overseas allowed him to earn additional income at a time when many players would have retired.
This period in Italy also provided Nixon with valuable international exposure, further boosting his appeal for endorsements and business opportunities in Europe.
His Achievements and Awards and Their Impact on His Legacy
Throughout his career, Nixon was a two-time NBA All-Star and contributed to two NBA Championships. These accolades not only solidified his reputation as a skilled athlete but also increased his marketability.
His All-Star selections and championship wins made him a valuable asset for endorsements, which added to his wealth.
Norm Nixon’s legacy, particularly with the Lakers, has continued to bring financial benefits long after his retirement.
His contributions to the team and the league ensured that his name remains respected, which has helped him maintain a strong financial standing.
FAQs About Norm Nixon
How did he start his NBA career?
Norm Nixon was drafted in the first round of the 1977 NBA Draft by the Los Angeles Lakers. His early success set the foundation for his long-lasting career.
Who is his spouse?
He is married to actress and dancer Debbie Allen. They have three children together.
What are Norm Nixon career achievements?
He is a two-time NBA champion, a two-time All-Star, and led the Lakers to multiple playoff victories.
What business ventures is he involved in?
Norm Nixon is involved in sports management through his agency, Norm Nixon & Associates, and co-founded the Debbie Allen Dance Academy with his wife.
How did Norm Nixon’s role with the Clippers impact his career?
Nixon’s time with the Clippers saw him lead the league in assists, proving his continued value as a point guard, even post-Lakers.
Conclusion
Norm Nixon’s financial journey, from NBA star to successful businessman, is a testament to smart career moves both on and off the court. Feel free to share your thoughts or explore more at aupeo.com.
