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Carmelo Anthony is an American former professional basketball player. Anthony's net worth, according to Forbes, is estimated to be $34 million. He held the 42nd rank on the '2019 The World's Highest-Paid Athletes Earnings' list. The majority of his earnings come from his profession as an NBA basketball player. Anthony finally retired from the NBA in 2023 after playing for almost two decades.
Even though Carmelo Anthony has been retired for two years, he is still making money, which adds to his net worth. Usually, the value of retired players goes down, but it is the opposite for him. His original shoe line with Michael Jordan is one of the major contributors to his net worth post-retirement, along with other endorsements. His investments with other companies and brands have also contributed to this consistent flow into his net worth.
Carmelo played in the NBA for a total of 19 seasons and is recognized as a ten-time NBA All-Star and a six-time All-NBA Team member. He is also regarded as one of the best scorers in NBA history. The former professional basketball player will be inducted later this year into the Naismith Memorial Basketball Hall of Fame two times: once as an individual player and the second time as a member of the 2008 U.S. Olympic team.
What are Carmelo Anthony's investments?
Carmelo "Melo" Anthony is not only an investor but also a business owner, and multiple businesses at that.
Some of his businesses include a venture firm called Melo7 Tech Partners. Melo also owns a fashion line called STAYME7O. He further expanded his business into the media industry and owns Creative 7. Lastly, he is also the owner of a wine brand called Seventh Estate.
As for his investments, he has put money into two New York-based restaurants called Nobody's Pizza and Ainsworth. The plan with the two restaurants is to further expand them to 20-30 different locations.
Additionally, Anthony is not only an investor in Overtime but also a board member. The brand value was initially $100 million, and it has now grown to $500 million.
According to a Petcash report, in 2007, Carmelo Anthony:
"provided a $500K angel check to the phone accessory company, Mophie"
After the company was acquired by Zagg for $100 million, its value rose. It is estimated that Carmelo's earnings from this investment are around 800-1000%.
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Carmelo Anthony's source of net worth goes beyond the basketball court, with smart investments and businesses continuing to grow his wealth post-retirement. From fashion to tech and media, his ventures ensure he remains as influential in business as he was in the NBA.
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