Gilbert Arenas Net Worth
Gilbert Arenas an ex-American basketball player with a reported worth of approximately $10 million. Over a period of his NBA career, Gilbert Arenas received $160 million in terms of His salary. However, as we outline in the following section below, he has incurred some serious financial difficulties in the later years.
Perhaps Gilbert Arenas is most popular for having played for the Washington Wizards for seven seasons. The young man began his NBA career with Golden State Warriors as his team. However, after seven years playing with the Wizards Gilbert retired from professional basketball and played for Orlando, Memphis and Shanghai for only one season each.
Still, despite winning three times NBA All-Star and NBA Most Improved Player title, Arenas’s career was not without scandal. The other common misconceptions include a shooting incident that sent him to suspension for a whole season in 2010.
Following this event Gilbert only featured in a few more games of the NBA before playing his last stint in China. He retired at the end of his fiscal year 2013.
Career
He was earning nearly $845,000 in his first two seasons of his NBA contracts, he was a man of the future when he got his first multi-million-dollar contract in 2003 where he secured a six-year $63.7 million contract.
He early terminated contract in June 2008 to get a better deal that was to cover a six-year span for $111 million. In his playing career, Gilbert was paid $160 million in salary and hundreds of millions of dollars more in endorsements.
In his final-season as Orlando’s player Gilbert earned $22,300,000 but he had not been on the court since 2010/2011 season. That renders him the third best-paid basketball player of the NBA and one of the thirty best-paid athletes in the world at that time.
The Magic and Gilbert both signed off on the payment delay to help take Gilbert out of the operating, player and luxury tax equation.
Real Estate
Gilbert bought in 2003 a 13,250 sq. feet newly built mansion in Great Falls, Virginia for $ 2.875 million on one and half acres of land. The property was well known for containing a large swimming pool grotto outside and several shark tanks inside.
He relegated this property to the market in June 2012 for $3.5 million. He later agreed to let go of the estate in December 2014 at a price of $2.5 million less. In 2015, Gilbert listed a home in Encino, California for $3,495,000. He bought this house in the first place sometime in 2007, at a price of 3.1 million U.S dollars.
This was at the time when he was suing his financial advisor for the misuse of his cash. This luxurious house needs no introduction as it has many Mediterranean style architectural designs and has 5 bedrooms and 5800 sq. ft of living space.
It contains five fireplaces, a swimming pool and an unusual raised spa. This one he eventually sold for $3.1m in December 2022.
