Kris Humphries, once a prominent figure on the NBA court, has transitioned into a successful entrepreneur, with a net worth that has been a topic of interest for many. With various sources estimating his Net Worth, this article delves deep into the financial journey of Kris Humphries, from his basketball earnings to his business ventures.
Basketball Earnings – The Foundation of His Wealth
Kris Humphries’ journey in the NBA began in 2004 when he was drafted by the Utah Jazz. Over the years, he played for several teams, including the Toronto Raptors, Dallas Mavericks, New Jersey/Brooklyn Nets, Boston Celtics, Washington Wizards, Phoenix Suns, and Atlanta Hawks. His time with the New Jersey Nets was particularly notable.
According to sources, Humphries’ net worth is largely attributed to his successful NBA career, with estimates ranging from $18 million to $35 million. His last contract with the New Jersey Nets alone earned him a whopping $3.2 million.
Real Estate – A Lucrative Investment
Beyond his basketball earnings, Kris has shown a keen interest in real estate. He owns several properties in the United States, including a luxurious $6.5 million home in Beverly Hills, California. In 2006, he acquired a lake house in Mound, Minnesota, for $1.649 million. By 2018, he had invested $7.495 million in a residence in the Hollywood Hills. His real estate ventures have significantly contributed to his net worth.
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Endorsements – Adding to the Coffers
Endorsement deals have also played a part in boosting Humphries’ wealth. He signed a deal with Sector Watch, reportedly worth $150,000. While this might seem modest compared to his NBA earnings, endorsements provide an additional stream of income for many athletes.
Entrepreneurial Ventures – Beyond the Court
Post-retirement, Kris ventured into the business world. He currently owns 10 franchise outlets of Dave’s Hot Chicken in Minnesota. Additionally, he owns franchises of Crisp & Green and Five Guys in the same state. These businesses not only diversify his income but also cement his status as a successful entrepreneur.
Philanthropy – Giving Back to the Community
Understanding the importance of giving back, Kris founded The Kris Humphries Foundation, a non-profit organization aimed at supporting disadvantaged youth. Through this foundation, he collaborates with organizations like the YMCA and Boys and Girls Club of New Jersey and Minnesota, organizing basketball and educational clinics. These initiatives teach kids about healthy eating and staying active.
Personal Life – A Glimpse Beyond the Wealth
Kris Humphries’ personal life has also been in the spotlight, especially his 72-day marriage to reality TV star Kim Kardashian. Born on February 6, 1985, in Minneapolis, Minnesota, Kris has Afro-American roots from his father’s side. He has two older sisters, Krystal and Kaela. Before his basketball career, Kris was a competitive swimmer, even holding records and competing against the likes of Michael Phelps.
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Conclusion
Kris Humphries net worth is a testament to his multifaceted career, from being an NBA star to a successful businessman. His journey showcases the potential for athletes to diversify their income and achieve financial success both on and off the court. With his continuous business ventures and philanthropic efforts, Kris Humphries’ legacy is set to be about more than just basketball.
