From Winning Championships as Player to Guiding Teams as Coach: Luke Walton's Legacy and Net Worth

In 2007, he signed a $30 million contract extension with the Lakers.

PUBLISHED DEC 16, 2023

Cover Image Source: Luke Walton, head coach of the Sacramento Kings. Getty Images | Photo by Lachlan Cunningham

Name	Luke Walton
Net Worth	$30 Million
Date of Birth	March 28, 1980
Age	43 years
Gender	Male
Profession	Basketball player, coach
Nationality	American

What is Luke Walton's net worth?

The NBA player who became a coach after playing for 10 seasons, Luke Walton has lived up to his family legacy in sports and has amassed a $30 million net worth. His stint as an NBA player saw him win two championships with the Los Angeles Lakers, before moving on towards a successful coaching career with the Golden State Warriors, Los Angeles Lakers, and currently the Sacramento Kings. Beyond the court, Walton's astute real estate investments have significantly contributed to his financial stability.

Luke Walton head coach of the Sacramento Kings looks on during the first half against the Utah Jazz at Golden 1 Center on November 20, 2021 in Sacramento, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Getty Images | Photo by Lachlan Cunningham — Luke Walton head coach of the Sacramento Kings looks on during the first half against the Utah Jazz at Golden 1 Center on November 20, 2021 in Sacramento, California. Getty Images | Photo by Lachlan Cunningham

What are Luke Walton's sources of income?

Walton's income streams largely originate in the sporting world with his successful playing and coaching career in the NBA. During his time as a player, which started with his selection by the Los Angeles Lakers in the 2003 NBA draft, Walton established himself as a hardworking reserve player. In 2007, he secured a substantial financial boost by signing a $30 million contract extension with the Lakers. The peak of his playing career saw him contribute to the Lakers' triumphs in winning NBA championships in 2009 and 2010.

His coaching journey commenced even before the end of his playing career, starting as an assistant coach for the University of Memphis during the 2011 lockout. After retiring as a player, Walton took over as a player development coach with the Los Angeles D-Fenders in the NBA Development League. His breakthrough as a coach occurred in the 2014-2015 season when the Golden State Warriors appointed him as an assistant coach. This culminated in a significant milestone when he assumed the role of interim head coach during the 2015-2016 season, leading the team to notable victories, including a record-breaking win against the Memphis Grizzlies.

Luke Walton's income is not solely derived from his involvement in basketball. His strategic real estate ventures, as evident in Manhattan Beach, California, have further contributed to his overall wealth. These ventures include property acquisitions and sales. Despite internal conflicts leading to his departure from the Lakers in 2019, Walton continues to enhance his financial portfolio as the head coach of the Sacramento Kings.

Luke Walton, head coach of the Sacramento Kings, reacts to a call during the second half against the San Antonio Spurs at AT&T Center on November 10, 2021 in San Antonio, Texas. NOTE TO USER: User expressly acknowledges and agrees that , by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Getty Images | Photo by Ronald Cortes

Real estate and other assets

Walton's journey into the real estate market commenced in 2004 when, fresh off signing with the Los Angeles Lakers, he invested $860,000 in a Manhattan Beach condo. Four years later, Walton demonstrated his keen understanding of the market by selling this property for a substantial profit of $1.235 million. Undeterred, he continued his real estate ventures, acquiring a new Manhattan Beach residence for $2.75 million. More than a decade later, Walton sold this upgraded property for $3 million.

Maintaining a consistent affinity for Manhattan Beach, Walton bought another opulent mansion for $7.2 million in the area.

Luke Walton head coach of the Sacramento Kings looks on in the first half against the Orlando Magic at Golden 1 Center on February 12, 2021 in Sacramento, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Getty Images | Photo by Lachlan Cunningham — Luke Walton head coach of the Sacramento Kings looks on in the first half against the Orlando Magic at Golden 1 Center on February 12, 2021 in Sacramento, California. Getty Images | Photo by Lachlan Cunningham

Personal life

Born into a basketball dynasty on March 28, 1980, in San Diego, California, Luke is the son of NBA legend Bill Walton. Luke's name is meant to pay homage to NBA player Maurice Lucas, a teammate of his father. His academic pursuits led him to the University of Arizona, where he played under the guidance of coach Lute Olson, graduating in 2003 with a focus on family studies and human development.

In 2013, Luke Walton embarked on a new chapter in his personal life by marrying Bre Ladd, his girlfriend of many years. Their connection dates back to their time at the University of Arizona, where they first crossed paths 11 years before getting married.