Penny Hardaway Net Worth (Updated 2025).
Penny Hardaway, born Anfernee Deon Hardaway Jr., began his basketball career in the early 1990s, hailing from Memphis, Tennessee. He was a standout player at the University of Memphis, where he led the team to an impressive 35-5 record during his sophomore year, earning him the nickname “Penny” for his flashy style of play and his ability to make things happen on the court. His collegiate success caught the attention of the NBA, leading to his selection as the third overall pick in the 1993 draft by the Golden State Warriors, who then traded him to the Orlando Magic.
The 1990s were a golden era for the Orlando Magic, and Penny Hardaway played a significant role in their rise to prominence. He formed a dynamic duo with Shaquille O’Neal, and together they led the Magic to the NBA Finals in 1995, where they faced the Houston Rockets. Hardaway’s exceptional skills, including his ability to score, pass, and defend, made him a fan favorite and a formidable force in the league. His iconic “Lil’ Penny” commercials, featuring a tiny, talking version of himself, also contributed to his growing fame and popularity.
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Penny Hardaway’s Current Net Worth
As of 2025, Penny Hardaway’s estimated net worth stands at $70 million. This figure is based on the latest available information and takes into account his earnings from his basketball career, coaching, and various business ventures.
Career
Penny Hardaway, born Anfernee Deon Hardaway, is a former professional basketball player and current coach. He played point guard in the NBA for 14 seasons, spending most of his career with the Orlando Magic and the Phoenix Suns. Hardaway was known for his exceptional athleticism and was a six-time NBA All-Star. After retiring from playing, he transitioned into coaching, currently serving as the head coach of the University of Memphis men’s basketball team.
Other Ventures
In addition to his basketball career, Penny Hardaway has ventured into various business endeavors. He is the founder of Penny Hardaway Enterprises, a company that manages his brand and investments. He also owns several car washes in the Memphis area and has invested in real estate. Hardaway has also been involved in philanthropic efforts, including the establishment of the Lil’ Penny Foundation, which aims to provide educational opportunities for underprivileged youth.
Assets
Penny Hardaway’s assets include a luxurious mansion in Memphis, Tennessee, valued at around $3 million. He also owns a fleet of high-end cars, including a Rolls-Royce, a Bentley, and several luxury SUVs. Hardaway’s extensive shoe collection, which includes many of his signature shoes from his playing days, is also a notable asset. Additionally, he has investments in various stocks and bonds, contributing to his overall net worth.
Annual Income
Penny Hardaway’s annual income is primarily derived from his coaching salary at the University of Memphis. As of 2025, his annual coaching salary is estimated to be around $3 million. Additionally, he earns income from his various business ventures, including his car washes and real estate investments. His annual income also includes endorsement deals and appearances, although the exact figures are not publicly disclosed.
Frequently Asked Questions about Penny Hardaway
**Frequently Asked Questions: Penny Hardaway Net Worth**
1. What is Penny Hardaway’s net worth?
Penny Hardaway’s net worth is estimated to be around $60 million.
2. How did Penny Hardaway make his money?
Penny Hardaway made his fortune primarily through his professional basketball career in the NBA. He also has income from endorsements, investments, and his work as a coach.
3. What was Penny Hardaway’s peak salary in the NBA?
Penny Hardaway’s peak salary was $16.5 million with the Orlando Magic in the 1997-98 season.
4. What teams did Penny Hardaway play for in the NBA?
Penny Hardaway played for the Orlando Magic (1992-1999), the Phoenix Suns (1999-2001), the New York Knicks (2001-2002), the Miami Heat (2002-2003), and the Los Angeles Lakers (2003-2004).
5. When was Penny Hardaway inducted into the Basketball Hall of Fame?
Penny Hardaway was inducted into the Naismith Memorial Basketball Hall of Fame in 2022.
6. What is Penny Hardaway’s coaching record at the University of Memphis?
As of the end of the 2021-2022 season, Penny Hardaway’s coaching record at the University of Memphis is 86-41.
7. Has Penny Hardaway won any championships as a player?
Yes, Penny Hardaway won an NBA championship with the Los Angeles Lakers in 2004.
8. What is Penny Hardaway’s shoe size?
Penny Hardaway wears a size 14 shoe.
9. What is Penny Hardaway’s height and weight?
Penny Hardaway is 6 feet 7 inches (2.01 m) tall and weighs 205 pounds (93 kg).
10. What is Penny Hardaway’s nickname?
Penny Hardaway’s nickname is “The Penny.”
