Terry Mills Net Worth (Updated 2026).

Terry Mills, born and raised in Washington D.C., always had a passion for basketball. This passion led him to a successful college career at the University of Maryland, where he was a standout player and helped lead his team to the NCAA tournament in 1985. Following his graduation, Mills was drafted by the Washington Bullets in the 1987 NBA draft, marking the beginning of his professional career.

Mills quickly made a name for himself in the NBA, known for his tenacious defense and clutch shooting. He played a significant role in the Bullets’ championship run in the 1977-78 season, averaging 13.1 points and 4.8 rebounds per game. His memorable performance in the playoffs, including a crucial 3-pointer in Game 7 of the NBA Finals, solidified his status as a fan favorite and contributed to his growing fame.

Terry Mills’ Current Net Worth

As of 2025, Terry Mills’ current net worth is estimated to be around $50 million.

Career

Terry Mills is a former American basketball player, known for his time in the NBA. He played for several teams, including the Washington Bullets, the Los Angeles Clippers, and the Milwaukee Bucks, over a span of 11 seasons. Mills was drafted 12th overall in the 1993 NBA draft and was a key player in his teams’ lineups, averaging over 10 points per game throughout his career.

Other Ventures

After retiring from basketball, Mills ventured into coaching and broadcasting. He served as an assistant coach for the Washington Wizards and the Los Angeles Clippers. Additionally, he has worked as a color commentator for various sports networks, including NBC Sports Washington and Fox Sports Midwest.

Assets

Mills’ assets include several properties across the United States. He owns a luxurious home in Potomac, Maryland, valued at over $2 million, and a condo in Los Angeles, California. He also has a significant investment portfolio, including stocks and bonds, which contribute to his net worth.

Annual Income

As of 2025, Terry Mills’ annual income is estimated to be around $2 million. This includes earnings from his broadcasting career, coaching salaries, and investment returns. His annual income has seen a steady increase over the years, reflecting his success in his post-basketball career.

Frequently Asked Questions about  Terry Mills

Frequently Asked Questions: Terry Mills Net Worth

1. What is Terry Mills’ net worth?

Terry Mills’ net worth is estimated to be around $500 million.

2. How did Terry Mills make his fortune?

Terry Mills made his fortune through his successful career in the business world, primarily in the retail industry. He is the founder of the retail chain, Big Lots.

3. What is Terry Mills’ age?

Terry Mills was born on July 17, 1938, making him 84 years old.

4. Where was Terry Mills born?

Terry Mills was born in Columbus, Ohio, USA.

5. What is Terry Mills’ educational background?

Terry Mills graduated from Ohio State University with a degree in Business Administration.

6. When did Terry Mills found Big Lots?

Terry Mills founded Big Lots in 1967, originally operating under the name “Cone Stores”.

7. What is Terry Mills’ current role in Big Lots?

Terry Mills is the Chairman Emeritus of Big Lots. He stepped down from his position as CEO in 2006 but continues to serve on the company’s board of directors.

8. What other businesses has Terry Mills been involved in?

Besides Big Lots, Terry Mills has also been involved in other business ventures, including a furniture store called “Furniture Fair” and a real estate development company called “Mills Properties”.

9. What is Terry Mills’ philanthropic work like?

Terry Mills is known for his philanthropic work. He has made significant donations to various causes, including education, healthcare, and community development. He has also established the Terry and Susan Mills Foundation to support these causes.

10. What are Terry Mills’ hobbies and interests?

Terry Mills is known to have a keen interest in golf and has been a member of several golf clubs. He also enjoys spending time with his family and supporting local community initiatives.