Karl-Anthony Towns Net Worth: Career & Lifestyle

Dominican-American basketball player Karl-Anthony Towns, aka The big KAT, has a staggering net worth of $9 million. 

He takes the center position for the Minnesota Timberwolves of the National Basketball Association (NBA).

As a 16-year-old, Towns was chosen for the Dominican Republic national squad.

He led the St. Joseph High School basketball team to a championship game as a freshman in 2012, earning him the top spot in the ESPN 25 national rating of high school players.

The Minnesota Timberwolves selected him with the first overall choice in the 2015 NBA Draft, and he went on to be crowned NBA Rookie of the Year for the 2015–16 season.

Similarly, he has been named to three All-Star teams.

Moreover, Karl also won the NBA Three-Point Contest in 2021–22.

Karl-Anthony Towns | Quick Facts

Let’s look at his quick facts to understand more about Karl-Anthony Towns.

Karl-Anthony Towns | Net Worth and Income

Karl-Anthony Towns’s net worth is $9 million as a multi-talented basketball player and athlete.

Due to his amazing basketball career, Karl has earned enormous fortune. His main revenue sources are NBA contracts, endorsement deals, and bonuses.

On July 7, 2015, he entered his rookie scale deal of $5,703,600 with the Timberwolves shortly after being picked.

Since then, Anthony’s earnings have increased every season.

He inked a five-year, $190 million maximum agreement with the Timberwolves on September 23, 2018.

According to the contract, he will get $158,253,000 guaranteed with an average annual salary of $31,650,600.

The deal has made him one of the Minnesota Timberwolves’ highest-paid players.

He made $27,250,000 in the 2019-20 NBA season, $29,430,000 in the 2020-21 season, and $31,610,000 in the 2021-22 season.

He will make a base salary of $33,833,400 in 2022-23, carrying a cap hit of $33,833,400.

Likewise, Karl is projected to earn a massive $35,970,000 in the 2023-24 season.

Karl has stated that he intends to stay in Minnesota in the long run and help the Wolves become a championship contender.

He also mentioned a possible extension since his contract is valid until the 2023-24 season.

Anthony is the Timberwolves franchise’s future face. As a result, he is also eligible for a contract extension.

The player may be available for a four-year, $211 million super-max agreement with the Timberwolves due to astonishing performance in recent matches.

Likewise, the famous athlete has accumulated significant wealth through advertising and lucrative endorsement deals.

According to Forbes, he earned $3 million in sponsorships in 2020 alone.

It clearly shows the level of money he makes from massive promotional contracts.

Karl-Anthony Towns’ Net Worth in Different Currencies

Let’s look into Karl-Anthony Towns’ net worth in different currencies, including the cryptocurrency Bitcoin.

Karl-Anthony Towns | Houses & Cars 

Houses

As of December, 2023, Karl-Anthony Towns’ net worth is a massive $9 million.

Towns own a lovely Medina home that he bought in 2018 for $4.5 million.

The 17,251 square foot Mooney Lake mansion includes five bedrooms and nine bathrooms.

Similarly, the house features interior and exterior pools, a golf course, a tennis court with a tea house, and a jacuzzi.

Cars

Towns own a few luxurious vehicles in his garage.

Karl has some of the world’s top cars, including a Volvo S60 and a Range Rover.

In 2021, he acquired a brand new Mercedes-Maybach with his mother’s signature stitched into the headrests on the seats.

The ultra-luxurious Mercedes-Maybach S-class sedan has a starting price of $185,950.

Karl got his girlfriend a $150,000 fancy Porsche for Christmas in 2020.

Furthermore, he has a Chevrolet Impala, which can cost above $31,620.

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Karl-Anthony Towns | Lifestyle and Vacations

Lifestyle

Multi-millionaire athlete Karl-Anthony Towns lives a luxurious lifestyle with a net worth of $9 million.

On November 15, 1995, he was born in Edison, New Jersey, to Karl Towns Sr., an African-American father, and Jacqueline Cruz, a Dominican mother.

He was brought up in Piscataway, New Jersey, and studied at Lake Nelson Seventh-Day Adventist School.

Afterward, he joined Our Lady of Fatima School but later transferred to Theodore Schor Middle School in 2009.

He repeated the seventh grade at Theodore School to obtain an extra year of growth.

Karl’s dad was a coach at Piscataway Technical High School, where Anthony practiced with the junior varsity team.

He also attended St. Joseph High School, where he started his basketball career.

After completing high school, he joined the University of Kentucky.

In his one year at Kentucky, he studied kinesiology and intends to become a doctor following his basketball career.

Despite leaving Kentucky for the NBA, Towns has enrolled in online courses and wants to complete his degree.

He began dating model and social media celebrity Jordyn Woods in 2020. They were photographed kissing in West Hollywood in October 2020 over a romantic meal.

Before they were dating, the couple had been best friends for many years.

Moreover, he gifted her a diamond Patek watch for her 24th birthday that cost $100,000.

Anthony previously dated stunning model Kawahine Andrade in 2016.

Karl took a huge loss in life during the global pandemic. His mother and six other relatives died from COVID-19 complications in April 2020.

Woods sent Towns an adorable painting of his mother on the first anniversary of his mother’s death.

Vacations

In his spare time, Towns enjoys traveling and making memories.

In 2020, he was vacationing on a yacht in Cabo San Lucas, Mexico.

Karl took his girlfriend on a tropical vacation in 2021 to commemorate their one-year relationship.

Similarly, in 2022, he lavished his girlfriend with diamonds and a new Chanel outfit as a surprise retreat to enjoy their second anniversary.

They uploaded a video from their romantic weekend getaway at San Ysidro Ranch in Santa Barbara, California.

Karl-Anthony Towns | Charity

Towns have made various charity contributions on his account and continue to serve society.

He founded a charity organization called the “KAT Team’s Foundation.”

His father runs the organization, and its purpose is to establish a scholarship fund for young adults in impoverished neighborhoods.

In 2016, he donated his Rookie of the Year Award trophy, a Kia Sorento, to the “Minnesota Leukemia and Lymphoma Society.”

The same year, Karl stated that he had teamed up with “The Salvation Army” to hold a shoe drive to benefit individuals needing new sneakers.

During the 2017 Thanksgiving season, he made a touching gesture by donating $10,000 to the “House of Charity Ford Center” in Minneapolis.

Likewise, he has collaborated with the “REED Foundation for Autism” to collect funds for education and children with autism.

Towns also donated $100,000 to “Mayo Clinic” in the aftermath of the COVID-19 controversy in March 2020.

In 2022, he inaugurated the 2K Foundation’s basketball court for needy children.

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Karl-Anthony Towns | Movies, Investments, and Endorsements

Movies

Karl has starred in a few movies and television series outside his basketball career.

He has acted in movies such as “National Champions” (2021), “High Flying Bird” (2019), “What Men Want” (2019), and “Night School: Dream Team” (2018).

Similarly, Towns has been featured in television series like “NBA on Bally Sports” (2022), “Big City Greens” (2020), “The 5th Quarter” (2016), and others.

“Celebrity Wheel of Fortune” (2022), “The Boardroom” (2020), “Ridiculousness” (2019), “#Verified” (2017), and “Mike & Mike” are his other acting credits.

Moreover, he has been part of a television series called “The Crossover,” which is still in filming.

Investments

As of December 2023, Karl-Anthony Towns’ net worth is a massive $9 million.

In 2022, Karl invested in Jomboy Media.

In addition, the star has 117K YouTube subscribers, which allows him to profit from the platform’s advertising revenue.

The athlete mainly invests in his health through a systematic diet plan.

He always eats half of his breakfast before training and half after.

Karl has two cups of fruit, around 24 and 30 ounces of water, and two bagels with three spoonful of peanut butter before training.

For lunch and dinner, he consumes six ounces of chicken, four servings of rice, and three cups of veggies.

Towns stick to this diet plan as he loves to care for his body.

Endorsements

Being a prominent player, Karl is bombarded with endorsement deals.

Nike, Gatorade, Farfetch, 2K Sports, Beats by Dre, and Jack Link’s Beef Jerky are among his many sponsors.

Similarly, he has endorsed brands such as Panini, ProCamp/Hyvee, Kit Kat, Old Spices, Verizon, T-Mobile, Secretlab, and Luminosity.

Karl is a Nike star, but his trademark shoe is yet to arrive.

The skilled center was previously seen wearing “Hyperdunks,” but he was recently sighted on the court wearing the “Nike Air Zoom BB NXT.”

In 2017, he provided his voice for the video games “NBA 2K18” and for “NBA 2K20” in 2019.

Karl-Anthony Towns | Career

On October 28, 2015, he made his NBA debut as a starter for the Timberwolves against the Los Angeles Lakers, earning 14 points and 12 rebounds in a 112–111 win.

Karl scored 16.0 and 10.4 rebounds per game in the first 13 matches of the season.

He was selected Western Conference Player of the Month for November, making him only the seventh Timberwolves player to receive the accolade.

Towns set a career-high with 47 points and 18 rebounds against the New York Knicks on November 30, 2016.

Moreover, he became the third-youngest athlete in the last three decades to have at least 15 rebounds and 45 points in a match at age 21.

In 2016–17, Karl became the first player in NBA history to record at least 2,000 points, 1,000 rebounds, and 100 3-pointers in a single season.

He concluded the 2018-2019 season with the greatest rebounding average of his career, with 12.4 rebounds per game.

As of December 2023, Karl-Anthony Towns’ net worth is $9 million.

Some Interesting Facts About Karl-Anthony Towns

• Karl graduated high school with a 3.96 GPA out of a possible 4.5.
• Towns love playing video games, particularly “Call of Duty.”
• He was named “Gatorade Player of the Year” in 2014.

FAQs

Did Karl-Anthony Towns get the COVID-19 vaccine?

He took the first shot of the COVID-19 vaccine in April 2021.

Do Karl-Anthony Towns speak Spanish?

Although Karl understands Spanish, he cannot speak it properly.

How many times has KAT been an All-Star?

He has been an All-Star three times.

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