J.R. Smith Net Worth: A Look at the NBA Star’s Finances!
J.R. Smith is a retired NBA basketball player who played for a number of teams throughout his career, including the New York Knicks, Cleveland Cavaliers, and the Los Angeles Lakers.
In addition to his successful basketball career, Smith has also made a name for himself in the world of fashion, music, and entertainment. In this article, we’ll take a look at J.R. Smith’s net worth, how he earned his wealth, and how he has been managing it.
J.R. Smith’s Early Life
J.R. Smith was born on September 9, 1985, in Freehold Borough, New Jersey. He attended St. Benedict’s Preparatory School in Newark, New Jersey, where he played high school basketball.
After high school, Smith decided to skip college and go straight into the NBA draft. He was drafted in the first round of the 2004 NBA draft by the New Orleans Hornets.
J.R. Smith’s Net Worth
As of 2023, J.R. Smith’s net worth is estimated to be around $35 million. The majority of his wealth comes from his NBA career, where he earned over $93 million in salary over 16 seasons.
Smith also earned a significant amount of money from his endorsement deals, including deals with Nike, Adidas, and the energy drink company Monster.
Off the court, Smith has also pursued a number of business ventures, including his own clothing line, “Team Swish,” and a music label, “5 Star Records.” In addition, Smith has also made several appearances in movies and television shows, including “Black-ish” and “Marvel’s Luke Cage.”
Despite his wealth, Smith has had some well-publicized financial issues throughout his career. In 2016, it was reported that Smith had been sued by a jewelry company for $48,000 in unpaid bills. In 2020, it was reported that Smith had sold his Los Angeles mansion for $6.45 million, which was significantly less than the $7.2 million he paid for it in 2018.
However, Smith has also been open about his efforts to become more financially responsible. In a 2018 interview with Business Insider, Smith discussed how he had become more involved in managing his finances and had started working with financial advisors to invest his money wisely.
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J.R. Smith’s Basketball Career
Smith spent four seasons with the New Orleans Hornets before being traded to the Denver Nuggets in 2006. During his time with the Nuggets, Smith became known for his sharpshooting and his ability to score quickly off the bench.
In 2011, Smith signed with the Chinese Basketball Association’s Zhejiang Golden Bulls during the NBA lockout, where he played for one season.
After his stint in China, Smith returned to the NBA and signed with the New York Knicks in 2012. During his time with the Knicks, Smith was a key player and was known for his scoring ability and his flashy style on and off the court. He won the NBA’s Sixth Man of the Year award in 2013.
In 2015, Smith was traded to the Cleveland Cavaliers, where he played a key role in the team’s championship run in 2016. He signed with the Los Angeles Lakers in 2019 but was waived in March 2020 after playing only a handful of games.
In addition to his NBA career, Smith has also represented the United States in international basketball competitions, winning a gold medal at the 2009 FIBA Americas Championship and a bronze medal at the 2006 FIBA World Championship.
J.R. Smith’s net worth is a reflection of his successful basketball career, as well as his business ventures and endorsements. Despite some financial setbacks, Smith has been taking steps to become more financially responsible and to ensure that he can maintain his wealth over the long term.