Retired professional basketball player Matt Barnes has made a name for himself not just on the court, but also in the business world. As of 2023, his estimated net worth is $13 million. Throughout his career, Barnes played for several NBA teams and established himself as a versatile player known for his toughness and tenacity.
This article will explore Matt Barnes’ net worth and the various sources of his wealth, from his basketball career earnings to his current business ventures.
Early Life and Career Beginnings
Matt Barnes was born on March 9, 1980, in Santa Clara, California. He grew up in the San Francisco Bay Area, where he attended Del Campo High School in Fair Oaks, California. Barnes began playing basketball at a young age and became a standout player in high school, earning All-State honors in his senior year.
After graduating from high school, Barnes attended junior college at Foothill College in Los Altos Hills, California, before transferring to the University of California, Los Angeles (UCLA) to play for the Bruins. During his time at UCLA, Barnes played alongside future NBA players such as Baron Davis and Earl Watson.
Barnes declared for the NBA draft after his junior year at UCLA but went undrafted. He then played for several teams in the NBA’s developmental league, including the Fayetteville Patriots and the Long Beach Jam. Barnes eventually earned a spot on the roster of the NBA’s Memphis Grizzlies in 2002, marking the beginning of his professional basketball career.
Despite facing challenges early in his career, such as being waived by several teams and having limited playing time, Barnes continued to work hard and improve his skills. He eventually found success with the Golden State Warriors, where he played a key role in the team’s playoff run in 2007.
Barnes’ Basketball Career
Barnes’ basketball career spanned over a decade, playing for nine different NBA teams including the Los Angeles Lakers, Golden State Warriors, and the Memphis Grizzlies. During his 14-year career, he earned approximately $43 million in salary alone. However, Barnes’ earnings don’t just come from his salary, as he also earned money through endorsement deals with brands such as Adidas and Red Bull.
Matt Barnes had a successful career as a professional basketball player, playing for 14 seasons in the NBA. He played for a total of nine different teams, including the Los Angeles Lakers, Golden State Warriors, and Memphis Grizzlies.
Barnes was known for his versatility and toughness on the court, often playing multiple positions and defending some of the league’s best players. He was also a reliable three-point shooter, with a career three-point shooting percentage of 33.2%.
He was also a key contributor to the Golden State Warriors playoff run in 2007, and he played a pivotal role in the team’s victory over the Dallas Mavericks in the first round of the playoffs.
Throughout his career, Barnes was known for his fiery personality and willingness to stand up for his teammates. He was involved in several altercations on the court, including a notable incident in 2010 when he famously defended then-Laker teammate Late Kobe Bryant in a game against the Miami Heat.
Matt Barnes’ Net Worth
As of 2023, Matt Barnes’ net worth is estimated to be around $13 million, according to Celebrity Net Worth. While a significant portion of this wealth can be attributed to his successful NBA career, Barnes has also made a name for himself as a savvy entrepreneur and investor in the cannabis industry. His various business ventures and investments have allowed him to continue growing his net worth even after retiring from basketball.
Matt’s Successful Business Ventures:
Barnes has taken his success on the court and used it to create a successful business career.
As an investor in the pre-roll business Seven Leaves and most recently as a member of the board of directors at Eaze, the biggest legal cannabis marketplace in California, Barnes is involved in the weed industry.
Barnes is in charge of Eaze’s Momentum Program, an enterprise accelerator for Black and Latinx business owners in the weed sector.
Barnes has been vocal about his support for the legalization of cannabis and the potential health benefits of using the plant in a responsible and regulated manner.
He has also been active in advocating for social justice and equity in the cannabis industry, particularly in the areas of minority ownership and access to capital.
Barnes has named and claimed his retirement fortune—with an affirmation of becoming a billionaire by age 50. And he’s already begun disrupting as an entrepreneur, diversifying his investments by jumping into the $18 billion U.S. flower industry with OldVine Florals; launching Active Dreamers, a bedding company that specializes in NBA-themed pillows and comforters; and starting a production company set to tell the story of Huey Newton, according to reports.
His most recent endeavor is in the minority men’s grooming market, where he is now a co-owner and an ambassador for the company HUE for Every Man, founded by two entrepreneurs.
Barnes was married to reality TV star Gloria Govan from 2012 to 2014, and the couple had twin sons together. Barnes was arrested in 2010 on suspicion of domestic violence against Govan, and for driving with a suspended license and threatening a police officer in July 2012.
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The couple separated in 2014, and their divorce was finalized in 2015.
Barnes is also known for his philanthropic efforts. He founded the ‘Athletes vs. Cancer‘ charity in memory of his mother, who passed away from cancer in 2007. The charity hosts events to raise money for cancer research and support cancer patients and their families.
Matt Barnes’ net worth is a testament to his successful career in basketball and his business ventures. With his investments in start-up companies and his own cannabis company, Barnes has diversified his portfolio and set himself up for success beyond basketball. He has also used his platform to advocate for causes he believes in, such as the legalization of marijuana and cancer research.
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Barnes’ wealth has given him the ability to create positive change in the world, and his entrepreneurial spirit shows no signs of slowing down.