Karl Malone Net Worth

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Karl Malone Net Worth something you’re in search for? Don’t worry because it’s been explained here in detail for you.

Karl Malone Net Worth 2018

Karl Malone Net Worth: $75 Million
Age: 55
Full Name: Karl Anthony Malone
Date of Birth: July 24, 1963
Country of Origin: United States of American
Occupation: Basketball Player
Weight: 120 kg (265 lbs.)
Height: 6’ 9” (2.06 m)
Ethnicity: African-American
Last Updated: 2018

 

This article gives you a peep into — the life of one of the greatest Basketball player of our time, ‘Karl Anthony Malone’, the source of  Karl Malone’s $75 Million net worth, Karl Malone’s NBA career and so many more that you might be interested to know about him.

Karl Malone Biography:

Karl Malone also was known as ‘The Mailman’ was the last child of nine children raised by his single mother Shirley. He was born in Summerfield, Louisiana and grew up on a farm with his single Mum.

He started playing basketball in his early days in the high school which obviously contributed to his great achievements, professionalism, and records in the NBA.

Karl Malone’s Basketball Career:

Karl Malone Basket Ball Career
Karl Malone Net Worth and Basket Ball Career

Karl Malone started his Basketball career with the Summerfield High School Basketball Team and led them to 3 successive title victory from 1979-1981 Seasons at the Louisiana Class C titles.

While Malone was in his second year at the Louisiana Tech University, he was recruited by the Louisiana Tech Bulldogs basketball team where he made.

Karl Malone’s exhibition of skills and talents lunched him in the NBA where is played his first 18th seasons with the Utah Jazz where he wore number 32. Malone led the Utah Jazz to two NBA Finals in 1998 and 1999 and in the 1985 NBA, he became the 13th overall pick in the first round of the season.

Malone formed a formidable tactical forward pair with his team player ‘John Stockton’ and attained great height which included the following outstanding records:

  • Appeared in every season’s game in his NBA career not excluding the 1997 and 1998 NBA finals;
  • Malone was once a two-time NBA most valuable player (1997 and 1999);
  • He was selected among the NBA All-Stars for 14 times;
  • Karl Malone made it to the All-NBA First team 11 times;
  • The second most career point (36,398 points) in the NBA history was scored by him;
  • Karl Malone was decorated with a gold medal at the Olympic in 1992 and 1996;
  • He is recognized as one of the greatest NBA power forward.

During Malone’s interview with the Sports. He stated that the secret of his success was mental. “If you find something to give you motivation, whether it’s negative or positive, ride it”.

Though he indicated that his own motivation was negative because many never believed he will make a good Basketball Player.

In 2004, Karl Malone played his 3rd finals with the Los Angeles Lakers where he spent his last season and wore number 11.

Karl Malone’s Retirement from the NBA

Following a knee surgery in 2004 summer and unresolved issues between Lakers guard, Kobe Bryant, and Malone which resulted to him not resuming the next season with the team, Malone became a free agent.

Before the beginning of the 2004-2005 season, the New York Knicks made move to land Malone but his agent anticipated that he might rather sign a contract with the San Antonio Spurs in early February 2005 ahead of the 2005 All-Star NBA games.

Unfortunately, on the 13th of February, 2005, Karl Malone officially made his retirement from the NBA after 19 seasons Public during a press conference.

Following his retirement from professional Basketball, Karl Malone was called to reunite with the Louisiana Tech Basketball team as a member of their staff and finally was made it to the Naismith Memorial Basketball Hall of Fame.

Karl Malone’s Family

A man’s life is incomplete without his family. So this part of the article takes us to Karl Malone’s family. He got married on the 24th of December, 1990 to his spouse Kay Kinsey, a beauty queen who won the 1988 Miss Idaho USA Pageant. They were blessed with four children, 3 daughters, and a son.

Their first daughter Kadee Malone was born on the 8th of November, 1991, The second daughter Kylee Malone on April 7, 1993, while their First son and 3rd child Karl Jnr Malone (KJ Malone) was born on May 8, 1995, and Karlee Malone, the daughter, and last child was born in 1998.

Karl Malone also had three children from two different ladies. Two came from Bonita Ford who was a lady of almost same age as Malone who also hails from his hometown Summerfield, Louisiana. Malone and Ford twin babies, Daryl and Cheryl Ford came when they were both 17 years of age.

At 20, Malone had another child, Demetress Bell with a 13 years old Gloria Bell. Out of court settlement in 1998, Karl Malone accepted the paternity of  Bonita Ford’s twin girls and Kay Malone welcomed the twins to the Malone’s family.

But this was not the same for Demetress Bell who played professional football for the Buffalo Bills, Philadelphia Eagles, and Dallas Cowboys of the National Football League.

Demetress Bell met with his father for the first time after he graduated from high school and was told by Malone that it is already very late for them to have father and son relationship.

Karl Malone’s Source of Wealth and Net Worth 

This part of the article answers the questions that might be popping up in your mind now, like how come Karl Malone is worth $75 Million?

Let’s quickly take a look at channels that direct wealth to Karl Malone:

Though the major part of Karl Malone’s wealth came from Professional Basketball, he is also an actor and owns series of business outfits. Malone owns two car dealerships in Utah alongside Teriyaki Grill Franchises and Eskimoe’s Ice Cream. He once wished to do a lot when he was younger.

He has always admired being a cop, a governor, a fitness guide, a hunting guide, a pro wrestler, a pilot, a radio personality, a long-haul trucker, a car salesman and a pitchman. Funny enough, he has tried out all that he once aspired.

His late brother once told Karl Malone, “If I had your money, I wouldn’t do anything.” But Malone is never tired of trying anything that comes his way to amass more wealth.

Malone who is turning 50 years old soon and who has retired from Basketball since 2004 has no plan of spending his retirement age at the golf course neither is it in his plans to sit back just to enjoy his wealth. His major business centers at Commercial development, Restaurants, and Timberland operation all which are under the Malone’s properties.

Other businesses owned by Karl Malone includes the following:

  • A Cattle Ranch which is about 230-Acres
  • Karl Malone’s Used Cars dealership cited in Sandy
  • Car Accessory Outfit named ‘M&M Automotive’ cited within Karl Malone Used Car Stores in Sandy.
  • Karl Malone Body shop/Collision Center
  • Karl Malone Deer-Raising Venture
  • Karl Malone Hunting Guide

The numerous business outfits owned by Malone is an indication that he was never tired of making more money.

Karl Malone’s Car Dealership

As a means of increasing his Channels for more wealth, Malone owns several car dealership businesses which includes Karl Malone’s Toyota cited at the Salt Lake City in Draper, Utah and Karl Malone’s Chrysler Dodge Jeep Ram is cited at Heber City, Utah.

In 2010, Malone sold his share of a Toyota dealership which he co-owned with Larry H. Miller Dealerships. In that same year, he also sold his share of a Honda dealership sited at Sandy, Utah which he co-owned with John Stockton to Larry H. Miller Dealerships.

Malone is the sole owner of Jiffy Lube Franchises and co-owner of Burger King Franchises all located at Utah and Idaho respectively.

Is Karl Malone an Actor? Yes, he is. Malone featured in Rockwell where he acted as part of the Porter Rockwell’s team. In 2004, he also featured in Soul Plane, a comedy film where he made a cameo appearance as himself.

Karl Malone’s as a Wrestler

Karl Malone and Diamond Dallas Page (Malone’s friend) wrestled against Rodman who teamed up with Hulk Hogan in a World Championship Wrestling (WCW) at the July 1998 Beach event.

This was after the 1998 NBA Finals. The pair of Rodman and Hulk Hogan defeated Karl Malone and his friend, Diamond Dallas Page. Lots of money was made from the match as the company made history after recording the highest pay-per-view buy rate of 1998.

Karl Malone’s Outdoor Life

Like the old saying “All works and no play makes Jack a dull boy”. Karl Malone enjoys outdoor life outside business and Basketball. Like boy that grew in the farm, Malone as a fisherman and an avid hunter enjoys fishing a lot. No wonder he cited a summer home at Alaska close to the Kenai River. He also

Karl Malone and Politics

It is interesting to state at this point that Malone has indirectly played part in the US Politics. During the campaign for the re-election of the former US President, George W Bush in 2004, Malone donated a huge sum of $4,000. In the same year, he also supported Lisa Murkowski Alaska who was contesting for the US Senate under the platform of the Republican.

National Rifle Association (NRA) appointed Malone as a member of the Board of Directors of the USA national gun advocacy organization.