What is Gilbert Arenas's net worth in 2025? Fortune explored as Ex-NBA star faces federal charges for alleged illegal gambling operation

Gilbert Arenas, once a top NBA player, is back in the news in 2025. This time, it is not for his game, but for legal trouble. Arenas has reportedly been arrested on federal charges for allegedly running an illegal gambling ring.

He had a strong career with the Washington Wizards and other teams during his heyday. During his time in the NBA, Arenas earned about $160 million from salaries. He also made millions from brand deals and business moves. However, his current net worth is much lower.

As per Celebrity Net Worth, Gilbert Arenas’ net worth in 2025 is between $5 and $10 million. This is a big drop. Experts say the fall is due to high spending, legal problems, and bad financial planning.

Gilbert Arenas’ career earnings and decline in wealth

Gilbert Arenas was drafted in 2001 and quickly became an NBA star. He played for teams like the Golden State Warriors and Washington Wizards. At his peak, he was one of the highest-paid players in the league.

Arenas signed a six-year, $111 million deal with the Wizards in 2008. He also had endorsement deals with brands like Adidas. In total, his career earnings went beyond $160 million.

Despite this, his current fortune has dropped. He spent large amounts of money during and after his career. Reports also mention issues like child support costs and legal fees. Over time, these added up and reduced his total wealth.

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Federal charges and alleged gambling ring

In July 2025, Arenas was engrossed in a law enforcement operation, facing accusations of operating a gambling venture in his mansion in the Encino community of California. The U.S. Department of Justice released information about the case.

In another report by ABC News on July 31, 2025, it was mentioned that Arenas, along with five others, held illegal high-stakes poker games.

Arenas has currently been charged with three felony charges of conspiracy, operating an illegal gambling business, and obstructing justice involving lying to federal agents. In case he is convicted, he may spend time behind bars and pay heavy fines. This is also likely to decrease his net worth further.

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Gilbert Arenas’s fall from a $160 million fortune shows how fame and money can fade fast. His current legal issues could cause more problems for his finances and reputation. The coming months will be crucial in determining his future, both in terms of wealth and public standing.

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