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NBA Star Tracy McGrady Has Scored Big With His Investments as well; Here's His Net Worth

Explore the financial journey of basketball legend Tracy McGrady, from his $70 million net worth to thriving post-retirement investments.

BY SAGARIKA C

PUBLISHED OCT 16, 2023

Tracy McGrady speaks during the 2017 Basketball Hall of Fame Enshrinement Ceremony | Getty Images | Maddie Meyer

Name	Tracy Lamar McGrady Jr.
Net Worth	$70 Million
Sources of Income	NBA contracts, investments, endorsements
Gender	Male
DOB	May 24, 1979
Age	44 years old
Nationality	American
Profession	Basketball player

One of the toughest covers of all time in the NBA, known for his skills that included scoring from any distance, Tracy McGrady has earned a net worth of a whopping $70 million, as per Celebrity Net Worth. Following an eventful career on the court, McGrady is now investing in his own company, the Ones Basketball League (OBL), which is set to make its debut in New York this weekend.

Tracy McGrady #1 of the Houston Rockets waits during a timeout against the New Orleans Hornets | Getty Images | Chris Graythen

What are Tracy McGrady's sources of income?

McGrady's primary sources of income stem from his successful NBA career, including lucrative contracts, subsequent business ventures, and investments. His role as an NBA analyst at ESPN has also contributed significantly to his overall earnings and financial stability. During his professional basketball career, McGrady's annual salary peaked at $23 million.

Tracy McGrady poses for a portrait at the Naismith Memorial Basketball Hall of Fame | Getty Images | Maddie Meyer

Other business ventures

Following his retirement from professional basketball, Tracy McGrady ventured into business with investments in firms such as Dasdak, a technology company based in Washington DC, and also contributed to the growth of Blue-04, a prominent water company in Florida. McGrady also demonstrated his entrepreneurial prowess by investing in the Biloxi Shuckers, a Minor League Baseball team.

Tracy McGrady presents a check for $150,000.00 to the principal of Betsy Ross Elementary during the Tracy McGrady Foundation 2006 Softball Classic | Getty images | Bob Levey

Real estate and total assets

In Orlando, he boasts a remarkable residence featuring 7 bedrooms, while the New York Post reported about McGrady's ownership of a sprawling Texas mega-mansion, with nine bedrooms, 8.5 bathrooms, and an expansive 23,650-square-foot area, which reflects his penchant for opulent real estate investments. Notably, his diverse collection extends to his prized possession, a customized blue Mercedes Benz, per Wealthy Gorilla.

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Personal life and awards

Beyond his professional endeavors, McGrady's personal life is marked by his commitment to philanthropy and social initiatives. Notably, his involvement with the Enough Project and his efforts to link schools in Darfurian refugee camps to American educational institutions highlight his dedication to creating a positive impact globally. Furthermore, his family life, including his marriage to CleRenda Harris and their three children, is a testament to his commitment to personal values and relationships.

Tracy McGrady and wife during Tracy McGrady and Diddy Host All-Star Kick Off Party | Getty Images | Bruce Gifford

Throughout his career, Tracy McGrady has received numerous awards and honors, including being named a 7-time NBA All-Star and leading the league in scoring during the 2003-2004 season.