Karl-Anthony Towns has become one of the most dominant forces in the NBA, turning heads with his skills on the court and his presence off it. As the Knicks’ towering center, his financial journey is as intriguing as his gameplay.
Beyond his impressive stats and highlight-reel moments, he has steadily built a solid financial foundation. His earnings from contracts have positioned him as one of the wealthiest players, but there’s more beneath the surface.
The path to his net worth reflects smart choices, painting a picture of a modern athlete who understands the value of wealth beyond basketball. How deep does his financial success run and what’s next for this NBA star?
What is Karl-Anthony Towns’ net worth?
As of 2025, Karl-Anthony Towns’ net worth is estimated at $70 million, according to ClutchPoints. He has grown from a promising rookie to a financial force in the NBA, bolstered further by his recent trade to the New York Knicks.
Karl-Anthony Towns #32 of the New York Knicks reacts during the first quarter against the Boston Celticsn Game Two of the Eastern Conference Second Round NBA Playoffs in 2025. (Source: Maddie Meyer/Getty Images)
The move increased his exposure in a larger media market, likely boosting future sponsorship and branding opportunities. His net worth is expected to continue climbing as he takes on New York’s spotlight.
What is Karl-Anthony Towns’ salary?
Towns is set to earn a base salary of $49,205,800 for the 2024–25 NBA season, making him one of the highest-paid players. This salary is part of his four-year, $220.4 million supermax extension signed in 2022 with the Timberwolves.
The contract includes escalating annual figures and a player option for the 2027–28 season that would pay him over $61 million, if exercised. According to Sports Illustrated, the Knicks will take on this salary commitment following the trade.
Karl-Anthony Towns’ career earnings
Towns’ career earnings have reached $231.5 million, according to Spotrac, which tracks NBA contracts and player salaries. This figure accounts for all his contracts since entering the league as the No. 1 pick in 2015.
Karl-Anthony Towns #32 of the New York Knicks celebrates the win over the Boston Celtics after Game Four of the Eastern Conference Second Round NBA Playoffs in 2025. (Source: Elsa/Getty Images)
His first big payday came with a five-year, $158 million rookie extension signed in 2018. The 2022 supermax extension then catapulted him into elite territory. These cumulative earnings place him among the top earners of his draft class.
Karl-Anthony Towns’ endorsements
Off the court, Karl-Anthony Towns has become a highly marketable figure. He has endorsement deals with major companies such as Nike, Gatorade, Beats by Dre and 2K Sports, all of which help diversify his income streams.
He earns approximately $30 million per year from endorsements. His presence in commercials, gaming and social campaigns has helped boost his off-court visibility, especially in the Dominican-American community.
Karl-Anthony Towns’ investments
Karl-Anthony Towns is more than a basketball star — he’s also an emerging businessman. One of his most visible ventures is his partnership with Hola Prime, a fintech firm focused on financial education and trading tools.
In 2024, he became the face of their sports-marketing campaign, promoting financial literacy among young athletes and fans. Beyond the boardroom, he has committed to philanthropic investment as well.
In 2023, he announced the creation of a state-of-the-art basketball training facility in Santiago, Dominican Republic — a deeply personal project dedicated to the memory of his late mother.
As reported by AP News, the initiative aims to offer resources and mentorship to aspiring athletes from underserved communities. These ventures illustrate his interest not just wealth accumulation, but community impact.
