Karl Anthony Towns, born on November 15, 1995, in Piscataway, New Jersey, began his basketball journey at St. Joseph High School. He quickly made a name for himself, earning McDonald’s All-American honors and being ranked as one of the top prospects in his class. This early recognition set the stage for his impressive collegiate career at the University of Kentucky.

After one standout season with the Kentucky Wildcats, Towns declared for the 2015 NBA draft. He was selected first overall by the Minnesota Timberwolves, marking the beginning of his professional career. His rookie season was nothing short of remarkable, earning him the 2016 NBA Rookie of the Year award and solidifying his status as a rising star in the league.

Karl Anthony Towns’ Current Net Worth

As of 2025, Karl Anthony Towns’ net worth is estimated to be around $40 million. This significant wealth is primarily accumulated through his successful NBA career.

Karl Anthony Towns’ Career

Karl Anthony Towns, born on November 15, 1995, is an American professional basketball player. He was drafted first overall by the Minnesota Timberwolves in the 2015 NBA draft. Towns has been an All-Star and an NBA All-Star Game MVP, demonstrating his exceptional talent and dedication to the sport.

Karl Anthony Towns’ Other Ventures

Off the court, Towns has ventured into entrepreneurship. He co-founded a sports technology company, Big3, which focuses on improving athlete performance and injury prevention. Additionally, he has invested in various startups and is involved in philanthropic efforts, including his own KAT5 Foundation, which supports education and youth development.

Karl Anthony Towns’ Assets

Towns’ assets include his primary residence in Minnesota, valued at around $3 million, and a luxurious home in his hometown of Piscataway, New Jersey. He also owns several high-end cars, including a Rolls-Royce Ghost and a Lamborghini Urus, among others. His extensive collection of sneakers is also a notable asset.

Karl Anthony Towns’ Annual Income

In 2025, Karl Anthony Towns is expected to earn an annual salary of approximately $32 million from his NBA contract with the Minnesota Timberwolves. This figure does not include his earnings from endorsements, investments, and other business ventures.

Frequently Asked Questions about  Karl Anthony Towns

Frequently Asked Questions: Karl Anthony Towns Net Worth

1. What is Karl Anthony Towns’ net worth?

Karl Anthony Towns’ net worth is estimated to be around $30 million.

2. How much does Karl Anthony Towns earn per year?

Karl Anthony Towns’ annual salary is around $16.7 million.

3. What is Karl Anthony Towns’ contract with the Minnesota Timberwolves?

Karl Anthony Towns signed a 5-year, $158.9 million contract with the Minnesota Timberwolves in 2018.

4. How much is Karl Anthony Towns’ endorsement deal with Nike?

Karl Anthony Towns has a multi-year endorsement deal with Nike, but the exact amount is not publicly disclosed.

5. What is Karl Anthony Towns’ highest career earnings?

Karl Anthony Towns’ highest career earnings are from his 5-year contract with the Minnesota Timberwolves, totaling $158.9 million.

6. How much did Karl Anthony Towns earn in his rookie season?

In his rookie season, Karl Anthony Towns earned a base salary of $5.6 million.

7. What is Karl Anthony Towns’ real estate portfolio worth?

The value of Karl Anthony Towns’ real estate portfolio is not publicly disclosed, but he owns a home in Minnesota and has invested in properties in other states.

8. How much does Karl Anthony Towns make from his investments?

The exact amount Karl Anthony Towns makes from his investments is not publicly disclosed.

9. What is Karl Anthony Towns’ highest career game earnings?

Karl Anthony Towns’ highest career game earnings are from his overtime game against the Los Angeles Lakers in 2021, where he earned around $56,000.

10. How much does Karl Anthony Towns make from social media sponsorships?

Karl Anthony Towns makes a significant amount from social media sponsorships, but the exact figures are not publicly disclosed. He has a large following on Instagram and Twitter, with over 1.5 million followers combined.