Stephon Marbury is a name that rings a bell in the world of basketball. He’s a retired NBA player who made a name for himself as a point guard for several teams. Marbury played for the Minnesota Timberwolves, New Jersey Nets, Phoenix Suns, New York Knicks, and the Boston Celtics. However, he didn’t just make a name for himself on the basketball court. Again, he is a successful businessman, with an impressive net worth. So what is Stephon Marbury Net Worth? Let’s get to know here, in this article.
Table of Contents
Who is Stephon Marbury?
Born in 1977, in Brooklyn, New York, Stephon Marbury grew up in a basketball-loving family. Marbury attended Abraham Lincoln High School. There he excelled on the basketball court and led his team to the state championship in 1995. In the 1996 NBA draft, Marbury was selected fourth overall by the Milwaukee Bucks. However, he was quickly traded to the Minnesota Timberwolves. And his NBA career began from there.
Marbury’s NBA career spanned 13 seasons. He was a two-time NBA All-Star and led the league in assists during the 2003-04 season. In addition to his NBA career, Marbury also played professional basketball in China.
How much is Stephon Marbury Net Worth?
According to reports, Stephon Marbury’s net worth is estimated to be $40 million. This places him among the wealthiest former NBA players.
Key Points to Know About Stephon Marbury
| Net Worth | Â $40 million |
| Full Name | Stephon Xavier Marbury |
| Born | February 20, 1977 |
| Birthplace | Brooklyn, New York, United States |
| Height | 6 feet 2 inches (1.88 m) |
| Nationality | American |
| Profession | Professional Basketball Player (Retired), Coach, Businessman |
| Social Media | Twitter, Instagram |
Many Ventures That Contributed to Stephon Marbury Net Worth
Basketball Career
First and foremost, he earned a significant amount of money during his NBA career. Over the course of his 13-year NBA career, Marbury played for several teams, including the Phoenix Suns, the New York Knicks, and the Boston Celtics. He was named an NBA All-Star twice, in 2001 and 2003, and was also a member of the 2004 US Olympic basketball team that won a bronze medal in Athens.
His Earnings throughout his NBA Career
According to Spotrac, Marbury earned over $150 million in salary during his NBA career. Here’s a breakdown of his earnings throughout his NBA career:
Minnesota Timberwolves (1996-1998)
Stephon Marbury’s rookie contract with the Timberwolves was worth $6.7 million over three years, with an average annual salary of $2.2 million.
New Jersey Nets (1998-2001)
In 1999, Marbury was traded to the New Jersey Nets, where he would spend two seasons. During his first season with the Nets, he earned $9 million, and this increased to $ 10.1 million in the 2000-2001 season.
Phoenix Suns (2004-2006)
After his stint with the Nets, Marbury was traded to the Phoenix Suns, where he played for two seasons. During the 2001-2002 season, he earned $11.2 million, and this increased to $12.3 in the 2002-2003 season.
New York Knicks (2006-2009)
Marbury’s most lucrative contract came during his time with the Knicks. In 2003, he signed a five-year, $82 million deal with the team. However, the contract was later renegotiated and he ultimately earned over $8.6.2 million in salary. During his first season with the Knicks, he earned $14.6 million, and this increased to $15.7 million and $16.8 million in the following two seasons.
In the 2006-2007 season, Marbury earned $18.1 million and this increased to $19.3 million in the 2007-2008 season. His highest-earning season was in 2008-2009, during which he made $21.9 million with the Knicks.
Boston Celtics (2009-2010)
Marbury played for the Celtics for one season under a veteran’s minimum contract. Also, it was Marbury’s final NBA season which paid him $1.3 million.
Chinese Basketball Association (CBA) Career
After leaving the NBA in 2009, Stephon Marbury continued his basketball career in China. He played for several teams in the Chinese Basketball Association (CBA) and quickly became a fan favorite. Marbury’s success in China led him to sign a deal with the Beijing Ducks in 2011. He played for the team until 2018, winning three CBA championships during his tenure.
In 2017, Marbury announced that he would retire from professional basketball after the 2017-2018 CBA season. His final game with the Beijing Ducks was a bittersweet moment for fans, who knew they were saying goodbye to a true legend.
According to reports, Marbury earned around $20 million in salary during his CBA career. Overall, Stephon Marbury’s career in the CBA was a major part of his legacy as a basketball player.
Business Ventures: Starbury Brand
In addition to his basketball career, Stephon Marbury is also a successful businessman. He launched his own affordable shoe brand, Starbury, in 2006. The shoes were sold exclusively at Steve & Barry’s stores, with prices ranging from $10 to $15. The brand was a hit with consumers, selling over 4 million pairs of shoes in its first year.
Later, The brand expanded to other retailers and online sales. Marbury’s devotion to making affordable shoes has earned him praise from many in the basketball community.
Starbury’s Restaurant Chain
Besides his shoe line, Marbury also owns a chain of restaurants called Starbury. The first restaurant opened in Beijing in 2016, with a focus on healthy fast food. Since then, a few more locations have opened in China. It is likely to expand to other countries in the future. The name “Starbury” is a reference to Marbury’s affordable shoe line.
Financial challenges
Along with his fame, Stephon has also been involved in several legal disputes. That ultimately has resulted in financial losses. For instance, in 2006 a former personal chef sued him, claiming that Marbury owed her over $400K in unpaid wages. Also, she accused him of sexual harassment. Marbury eventually settled the case for an undisclosed amount.
The player has also faced legal issues related to failed business ventures. In 2010, he revealed that he had lost $20 million in investments, including real estate deals and a record label. He also reportedly owed more than $350K in back taxes at the time. Then again in 2018, Marbury filed for bankruptcy, citing over $7 million in debt.
FAQs
Why did Stephon Marbury leave the NBA?
In 2009, Marbury left the NBA due to a falling out with management, injuries, and personal issues. However, his decision to play in China was more like a desire to grow basketball in the country and connect with fans.
What does Stephon Marbury do today?
Today, Stephon Marbury is a coach for the Beijing Royal Fighters, a team in the CBA. He’s also a successful businessman, with his own shoe company called “Starbury” and a chain of restaurants called Starbury’s.
Why did Marbury go to China?
Leaving the NBA in 2009, Stephon Marbury went to China to continue his basketball career. He was offered a contract to play for the Shanxi Zhongyu Brave Dragons. It’s a team in the Chinese Basketball Association.
Who is Stephon Marbury married to now?
The former NBA and CBA star, Stephon Marbury is married to Tasha Marbury. She is a former reality TV personality who appeared on the show “Basketball Wives” and is also a fashion designer. The couple has been together ever since their 2002 wedding. They have two children together. Their son, named Stephon II, and a daughter named Xaviera.
Final Thought
To conclude, Stephon Marbury net worth is the result of his successful professional basketball career, as well as his many ventures in the world of business. From the field to the business, he has had his success over the ears. All these not just earned him fame, but a huge fortune. Also, his philanthropy and activism have made him a respected figure outside of basketball.
