Net wealth of Gilbert Arenas revealed: Inside the rising and falling his NBA income

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What is Gilbert Arenas' net Worth?

Arenas is a retired American professional basketball player with a net asset of 10 million US dollars, although he deserves a salary of $ 160 million in the course of his NBA career, as reported by Celebrity Net Worth. While he was one of the best paid players in the league during his time, Arenas were considerable financial challenges, including legal problems and a number of poor financial decisions that had an impact on his assets.

In recent years, he has had financial struggles, including a lawsuit against a former advisor in which he applied for 40 million US dollars in damages and claimed ruthless mismanagement of his funds. Despite these problems, Arenen was also known for wasteful expenses, especially for his own birthday party in 2007, 1 million US dollars.

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Income in the arenas from his career and his contracts

The arenas had a successful NBA career and deserve a salary of 160 million US dollars as well as additional income from. After completing 845,000 US dollars in the first two years, he signed a contract of 63.7 million US dollars in 2003 and a deal of 111 million dollars in 2008. He also claimed that he made more money under the table while playing at the University of Arizona College basketball. Although he had not played for Orlando Magic since 2011, they still paid him $ 22.3 million. This payment made him one of the best paid athletes at that time.

Remark in cash from Arena

Throughout his career, arenas secured several confirmation transactions, with his most remarkable partnership with Adidas. The brand published its own signature shoe, the Adidas Gil Zero, followed by the Adidas TS Lightswitch line. However, his relationship with Adidas ended after the arms incident from 2009, which brought considerable controversy and led to the brands distancing themselves from the arenas.