Karl Malone, one of the most popular NBA players during the ‘90s has accrued a net worth of a staggering $85 million. Karl was the second-best player during his era, after G.O.A.T, Michael Jordan. He gave his service to NBA for 19 years.
A Brief Bio about Karl Malone
Karl Malone was born on the 24th of July 1663 in Summerfield, Louisiana. His father’s name was Shedrick Hay and his mother was Shirley Malone.
However, his father Shedrick deserted nine siblings and his wife Shirley to marry another woman before Karl was just even three years old.
As a result, Karl had to step up and help his mother by chopping trees, hunting, and fishing from very early on to feed the family.
Following his loud early years, the former LA lakers power forward attended Summerfield High School, where he led his team to win three consecutive Louisiana Class C titles.
As a result, many Universities were interested in Malone’s Services, but he ended up joining Louisiana Tech University and graduated from there. Unfortunately, Karl had to wait a year to make his debut for the team as his grades were too low.
Furthermore, with Malone’s impressive performance, Louisiana Tech advanced for the first time in their history to the NCAA tournament.
NBA Career and Achievements
Malone’s NBA career started when Utah Jazz selected Karl as the 13th overall pick in 1985. After that, Karl stayed with the Jazz for 18 years, which is unheard of in today’s NBA due to a lack of loyalty in both franchises and players.
Meanwhile, Karl led his team to two NBA finals in 1997 and 1998. Unfortunately, the Jazz lost both those finals to Chicago Bulls led by G.O.A.T Michael Jordan.
Although Malone could never win a team award, he compensates for it with his extraordinary haul of personal achievements listed below:
1997, 1999 NBA Most Valuable Player
14-times NBA All-Star (1988-1998, 2000-2002)
11 times All-NBA First team (1989-1999)
Two time All-NBA Second team (1988, 2000)
Three times NBA All-Defensive First Team (1997-1999)
1986 NBA All-Rookie First Team
No.32 retired by Utah Jazz
NBA’s 50th Anniversary All-Time Team
1983 Southland Player of the Year
No.32 retired by Louisiana Tech
Karl’s NBA contracts and salary
Karl’s nearly two decades of service in the NBA resulted in his massive eye-watering net worth of $85 million.
Over the course, the Mailman has earned over $105 million in salaries alone. However, NBA players need to pay taxes ranging from 45-to 50% of their payroll.
Karl won the NBA MVP award twice during the years 1997 and 1999. As a result, Malone was regularly one of the highest-paid players of his era.
Furthermore, the 14-time All-Star, Karl Malone’s earnings during each year in his near two-decade stay in NBA are listed below:
1985 Earnings: $225,000
1986 Earnings: $550,000
1987 Earnings: $835,000
1988 Earnings: $1.35 million
1989 Earnings: $2.26 million
1990 Earnings: $2.26 million
1991 Earnings: $2.5 million
1992 Earnings: $2.8 million
1993 Earnings: $3.0 million
1994 Earnings: $3.3 million
1995 Earnings: $3.6 million
1996 Earnings: $4.6 million
1997 Earnings: $5.1 million
1998 Earnings: $6.1 million
1999 Earnings: $7.2 million
2000 Earnings: $14 million
2001 Earnings: $15 million
2002 Earnings: $17.5 million
2003 Earnings: $19.2 million
2004 Earnings: $1.5 million
Karl Malone’s Charity work
Karl runs the Karl Malone Foundation, which supports kids and their families financially. As a result, he donated supplies worth $200,000 to Navajo Indians.
Also, Malone was honored with the Henry B. Lba Award in 1998 which is given to the athletes who’ve gone out of their way to aid people in need.
Similarly, Karl also donated his wealth to a political cause. He donated $6,000 to the re-election campaign of President George W. But along with $2,000 to the 2004 U.S Senate campaign of Lisa Murkowski.
He has also raised his voice for farmers of Louisiana as Pilgrim’s Pride closed its plants. If not so, the farmers would have been without jobs.
His Wife and Family
Karl is currently married to 1988 Miss Idaho, Kay Kinsey. They got married on the 24th of December 1990 in a lavish wedding.
Furthermore, the couple has been blessed with four lovely kids, three daughters Kadee Malone, Kylee Malone, Karlee Malone, and a son Karl Junior. But, that’s not the end, as the 14-time All-Star begat further three children with two women.
At first, Karl had a set of twins with Bonita Ford, son Daryl Ford, and daughter Cheryl Ford. After that, Malone had another child, Demetress Bell with Gloria Bell. As the matter of fact, Gloria was only 13 years at the time she gave birth to Demetress.
As of now, Malone is a family-oriented guy who loves spending quality time with his wife, Kay, and his children.
Social Media Presence
Surprisingly, Karl Malone has an official Twitter account with just 72.5k followers despite his massive fame in NBA.
|Full Name||Karl Anthony Malone|
|Birth Date||July 24, 1963|
|Birth Place||Summerfield, Louisiana|
|Nick Name||Karl Malone|
|Education||Summerfield High School
Louisiana Tech University
|Father’s Name||Shedrick Hay|
|Mother’s Name||Shirley Malone|
|Age||58 years old|
|Height||6 ft 9 in (2.06 m)|
|Weight||259 lb (117 kg)|
|Shoe Size||Not available|
|Hair Color||Dark Brown|
|Eye Color||Dark Brown|
|Body Measurement||Not available|
|Clubs||Utah Jazz, Los Angeles Lakers|
|Awards||Southland Player of the Year
2× NBA Most Valuable Player
14× NBA All-Star
|Net Worth||$85 Million|
|Last Update||April 2022|