Kris Humphries Net Worth: Unraveling His Fortune
Kris Humphries is a retired American basketball player with a net worth of 35 million dollars. The former athlete made most of his fortune through the several contracts he signed with various basketball clubs. Besides basketball, Kries also appeared in the reality show Keeping Up With The Kardashians.
Career
Growing up, Kris Humphries was very enthusiastic about swimming. He used to participate in various swimming contests and will always be among the top. Over there, his interests changed, and he moved to basketball, a game he loved. While in high school, Kris was active in the school basketball team, which he helped make it to the state championship. In college, he played basketball for his hometown university.
His college career was such a success, and in 2004, he was selected by the Utah Jazz in the 2004 NBA Draft. He went on to play for the basketball team for two seasons before moving to the Toronto Raptors. Kris was a top athlete but gained a lot of fame when he played for the New Jersey Nets. He had initially signed a one-year contract, but after having a great season, he extended his contract, and this time, he signed a better deal, actually the best deal in his entire basketball career.
Career Salary Highlights
Kris’s professional career started at a slow pace, and he did not get many minutes for the first teams he played for. Besides, he had not signed any major deals. However, in 2011, he signed an 8 million one-year contract with the Nets. After his contract ended, he signed another 24 million dollar contract.
After his career at New Jersey Nets, he moved to Brooklyn, where he was paid well. Over the years, he played for several other teams, signing several contracts. The former NBA player had a fantastic career, and in his entire career, he had earned over 60 million dollars. All these earnings significantly contributed to his current net worth.
Real Estate
After retiring from basketball, Kris Humphries ventured into real estate. He would identify a property, analyze it, and later consider it. Over the years, Kris has bought and sold several properties. For instance, in 2006, he purchased a lake house in Minnesota for 1.649 million dollars. In 2019, Kris enlisted the property for sale with a price tag of 1.65 million dollars. Unfortunately, he did not find a buyer with that price and had to lower it to 1.586 million.
In 2015, Kris Humphries bought a property in Beverly Hills for 6.2 million dollars. He remodeled the home and sold it three years later for 8.25 million, making a profit of over 2 million dollars. In 2018, the former NBA player made another real estate investment when he bought a home for 7.495 million dollars.
Other Business Ventures
Besides real estate, Kris Humphries has also engaged in other business ventures. After retiring, he joined the Five Guys franchise, making a big investment in the fast-food company. He has not made his other business ventures public, but judging from his business ventures so far, he is a keen guy and knows where to invest.