Fortune 2022: Charles Barkley – Charles Barkley Has So Much Money
Charles Barkley is a retired professional basketball player and current television sports analyst who has a net worth of $50 million. During his gaming career, Charles Barkley earned a total of $40.3 million in salary alone. His highest salary came in his final season with the Houston Rockets in 1999 when he was paid $9 million. Adjusted for inflation, that’s about $14 million today. He also earned tens of millions from endorsement deals with companies like Nike. Also, he’s estimated to have lost $10-30 million in gambling during his lifetime.
Charles Barkley was born on February 20, 1963 in Leeds, Alabama. When he was a baby, his father left the family. His mother later remarried and had two more sons, and his stepfather tragically died in an accident when Charles was just 11 years old. He attended Leeds High School and didn’t make the basketball team as a youngster, but improved so well in his senior year that the head coach at Auburn University caught the eye of him when he attended one of his better games. He was recruited by the university and studied business administration from 1981 to 1984. He played college basketball for Auburn for three seasons. Barkley quickly became known for his crowd-pleasing dunks and blocked shots. He didn’t have the typical build of a basketball player – he was shorter than the average player and was struggling to shed extra weight. Still, he received many awards during his time at Auburn, including Southeastern Conference (SEC) Player of the Year award.
Barkley left Auburn in his junior year and was drafted as the fifth pick in the first round of the 1984 NBA draft by the Philadelphia 76ers. He was team captain during the 1986-87 season and became a franchise player for the Sixers the following season. During his time with the Sixers, he appeared in six All-Star games and was named MVP in two of them. Barkley’s eight seasons in Philadelphia made him a household name, and by this point he even had his own brand of shoes with Nike.
In July 1992, Charles was traded to the Phoenix Suns. He averaged 25.6 points and 5.1 assists per game, leading the Suns to an NBA-high. Almost immediately after his transfer, he was named MVP – only the third player to win the title so soon after his transfer – and qualified for his seventh All-Star Game. Severe back pain cut short his time with the Suns, and he announced that the 95-96 season would be his last in Phoenix. During his time with the Suns, Barkley led the team in rebounds, steals and scoring, was selected to the All-NBA and All-Stars, and achieved a career-high .777 free throw rating.
In 1996, Charles was traded to the Houston Rockets and got off to a rough start. He was suspended for the season opener for a brawl with Charles Oakley during a pre-season game. He continued to struggle with severe back pain and had to miss fourteen of 67 games. Nevertheless, he became the second-best points scorer on the team. The Rockets finished the season 57-25 and advanced to the finals, where they were defeated by the Utah Jazz. The 1999-2000 season, still plagued by injuries and pain, became his last year in the NBA. On April 19, 2000, he walked off the field to a standing ovation, immediately resigning and ending his 16-year Hall of Fame career.
Throughout his career, Charles was a popular advertiser for a variety of products. During his career he appeared in a very famous Nike ad in which he said “I’m not a role model”. He has also advertised for McDonald’s and T-Mobile.
In 1994, Charles was invited to try out for the US men’s basketball team for the 1984 Summer Olympics. He made it to the final selection but was ultimately not accepted. At the 1992 Olympics, he was part of the infamous “Dream Team” made up of the likes of Magic Johnson, Larry Bird and Scottie Pippen, and won a gold medal as part of the men’s team. Barkley was the team’s highest scoring player and set the US Olympic record for the highest percentage of three-point field goals (87.5%) among men. Barkley was known for his foul language and taunting of opponents, so fans were not surprised when he intentionally elbowed a teammate during a game.
The “Dream Team” made history with their incredible roster and were inducted into the Naismith Memorial Basketball Hall of Fame in 2010. Sports Illustrated described the group as “arguably the most dominant team ever assembled in any sport.” The Dream Team craze seemed to spark a renewed interest in the sport worldwide and nationwide.
Barkley has been a studio analyst for TNT’s NBA coverage since 2000. He can be seen on Inside the NBA, a show where Barkley and other former NBA stars recap the NBA games of the day. He has won three Sports Emmy Awards for his work as Outstanding Studio Analyst. He was also studio analyst for CBS’ joint coverage of NBA games. He has worked as an analyst on every broadcast of the Final Four since 2011. He has stated that he plans to retire from television in 2023.
His salary at TNT is $6 million per year.
Barkley married Maureen Blumhardt in 1989 and they have one daughter, Christina (born 1989).
Barkley is a notorious gambler. He has admitted to losing around $10 million, possibly as much as $30 million, gambling in his lifetime, including $2.5 million playing blackjack in less than six hours.
A former Republican, Barkley changed his stance and declared his support for Barack Obama in the 2008 presidential election. For many years he toyed with the idea of running for governor of Alabama as an independent. Barkley is an outspoken supporter of gay rights and a vocal critic of President Donald Trump.
|Birth date:||Feb 20, 1963 (58 years old)|
|Size:||6ft 5in (1.98m)|
|Job:||Basketball Player, Announcer, Athlete, Actor, Sports Analyst, Author, Publicist|
|Nationality:||United States of America|