When it comes to professional basketball players, Trae Young net worth has become a hot topic in 2024. As an NBA star, his wealth has skyrocketed, largely thanks to his supermax contract and standout performances with the Atlanta Hawks.
At Aupeo, we aim to give you the latest insights into how Trae Young’s salary has evolved since his rookie year and explore his key achievements that have boosted his financial standing.
In this article, I’ll walk you through the various elements contributing to his wealth, focusing on his career highlights, contract evolution, and major financial milestones.
Contents
- 1 Quick Facts
- 2 What is the Net Worth Of Trae Young in 2024?
- 3 Salary and Finance Overview
- 3.1 How He Earns His Wealth: Key Sources of Income
- 3.2 The Evolution of His Career Earnings: From Rookie to Supermax Contract
- 3.3 His Notable Career Achievements That Boosted His Financial Value
- 3.4 Awards and Honors That Contributed to His Rising Net Worth
- 3.5 Real Estate Investments and High-Value Purchases
- 3.6 Endorsements and Sponsorships That Contribute to His Income
- 3.7 Personal Life and Its Influence on His Financial Decisions
- 4 FAQs About Trae Young
- 5 Conclusion
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Rayford Trae Young |
| Popular Name | Trae Young |
| Gender | Male |
| Birth Date | September 19, 1998 |
| Age | 26 years old (as of 2024) |
| Parents | Rayford and Candice Young |
| Siblings | Tim (brother), Caitlyn and Camryn (sisters) |
| Birthplace | Lubbock, Texas, USA |
| Nationality | American |
| Ethnicity | African American |
| Education | Norman North High School, University of Oklahoma |
| Marital Status | Married |
| Spouse | Shelby Miller |
| Children | 2 |
| Dating | N/A |
| Net Worth | $50 million (as of 2024) |
| Source of Wealth | NBA Salary, Endorsements |
| Height | 6 feet 1 inch (1.85 m) |
What is the Net Worth Of Trae Young in 2024?
As of 2024, Trae Young’s net worth stands at an estimated $50 million. This impressive figure primarily comes from his lucrative NBA contract and several high-profile endorsement deals.
Young’s financial standing places him among the wealthiest players in the league, although he still trails behind some other basketball icons.
Compared to his peers, Trae Young has done exceptionally well, especially considering his age. For further comparison, here are a few notable names and entities related to him:
- Luka Dončić
- Stephen Curry
- Atlanta Hawks
- Dallas Mavericks
- Oklahoma Sooners
- Nike
- LeBron James
- Gatorade
- Kobe Bryant
- Dejounte Murray
For a broader list of other NBA stars and their financial standing, check out the highest-earning players in basketball here.
Salary and Finance Overview
How He Earns His Wealth: Key Sources of Income
Trae Young’s primary source of income comes from his NBA salary, specifically his $207 million supermax contract with the Atlanta Hawks. Signed in 2021, this contract significantly boosted his overall earnings.
While the base amount of the contract is $172 million, a performance-based escalator clause bumps it up to $207 million if Young continues to meet All-NBA team criteria.
Beyond his NBA salary, Young has secured lucrative endorsement deals with brands like Nike, Gatorade, and adidas, further enhancing his financial standing. These partnerships are a testament to his rising star power in the world of sports and business.
The Evolution of His Career Earnings: From Rookie to Supermax Contract
Trae Young’s financial journey began when he was drafted in 2018 as the fifth overall pick.
Initially, his earnings were modest compared to his current standing. However, his consistent performance on the court earned him a place in the NBA All-Star team and significantly raised his market value.
His financial leap took place in 2021 when he signed the supermax contract, making him one of the highest-paid players in the league.
By 2024, Young had accumulated $26 million in earnings over his first four seasons, with a guaranteed income over the next few years, thanks to his performance incentives and the escalator clause in his contract.
His Notable Career Achievements That Boosted His Financial Value
Trae Young’s financial success is not just about the contracts.
His career milestones, including leading the Atlanta Hawks to the Eastern Conference Finals and being a three-time NBA All-Star, have played a pivotal role in his marketability and earning power.
Moreover, being part of the NBA All-Rookie First Team and Wayman Tisdale Award winner early in his career laid a strong foundation for his future earning potential.
Awards and Honors That Contributed to His Rising Net Worth
Young’s various awards and honors have significantly influenced his earnings. His inclusion in the All-NBA First Team and repeated selections to the NBA All-Star team have boosted his endorsement opportunities and solidified his place among the league’s elite players.
Real Estate Investments and High-Value Purchases
In addition to his basketball earnings, Trae Young has made smart investments in real estate.
His purchase of a $20 million mansion in Calabasas, California, in 2022, highlights his growing wealth. This property, complete with luxury amenities like a 15-seat theater and a resort-style pool, showcases his financial success.
He also owns a $1.5 million home in Norman, Oklahoma, purchased in 2019. These investments are key indicators of how Young has diversified his financial portfolio beyond basketball.
Endorsements and Sponsorships That Contribute to His Income
Young’s endorsement deals are a vital part of his income. Collaborating with brands such as Nike and Gatorade, Trae Young has capitalized on his rising fame.
These deals have not only added millions to his earnings but also increased his visibility on and off the court.
His status as one of the NBA’s young stars makes him a hot commodity for sponsorships, ensuring a steady stream of additional income.
Personal Life and Its Influence on His Financial Decisions
In 2023, Trae Young married Shelby Miller, and the couple has two children.
His family life appears to have influenced some of his financial decisions, especially in real estate. His Calabasas mansion provides ample space for his growing family, while his Oklahoma property roots him to his hometown.
Although Young leads a busy professional life, his personal milestones and investments reflect a balance between his career and his family.
FAQs About Trae Young
How tall is Trae Young?
He is 6 feet 1 inch tall (1.85 meters), which is considered average for an NBA point guard.
Where did he play college basketball?
He played for the University of Oklahoma before declaring for the NBA draft.
Who is Trae Young married to?
He is married to Shelby Miller, and the couple tied the knot in July 2023.
Does he have children?
Yes, he has two children, with the first born in 2022 and the second in 2023.
What teams has Trae Young played for in the NBA?
He was drafted by the Dallas Mavericks and traded to the Atlanta Hawks, where he currently plays.
What major awards has he won?
He has won the Wayman Tisdale Award, made the NBA All-Star team three times, and was part of the All-Rookie First Team.
What was his biggest contract?
His biggest contract is the $207 million supermax deal with the Atlanta Hawks, signed in 2021.
What is his primary source of wealth?
His primary source of wealth is his NBA salary, followed by endorsements and real estate investments.
Conclusion
I hope you found this deep dive into Trae Young net worth insightful! If you enjoyed learning more about his career, finances, and personal life, I encourage you to share your thoughts in the comments or explore more content on aupeo.com.
