Norman Powell Net Worth

Norman Powell first made a name for himself on the basketball courts at Lincoln High School in San Diego. As a talented young player, he led his team to a Division II state championship title in 2010, cementing his status as a high school star. After graduation, Powell took his talents to UCLA where he played four seasons with the Bruins. Over the course of his collegiate career, Powell developed into a dynamic, athletic shooting guard. He earned First-Team All-Pac-12 honors during his senior year after averaging 16.4 points per game.

He was selected by the Milwaukee Bucks with the 46th overall pick in the 2015 NBA Draft before having his draft rights traded to the Toronto Raptors. Powell spent the first six seasons of his NBA career in Toronto, steadily improving each year and becoming a key role player. His breakout moment came in 2019 when he made critical contributions to help the Raptors capture their first-ever NBA championship.

After many successful seasons in Toronto, Powell was traded to the Portland Trail Blazers in 2021. He spent two seasons in Portland, averaging 18 points per game before being traded once again - this time to the Los Angeles Clippers in February 2022. Now back alongside former Raptors teammate Kawhi Leonard, Powell hopes to help lead the Clippers on a deep playoff run.

How Much is Norman Powell’s Net Worth in 2024?

As of 2024, Norman Powell has accumulated a net worth of $45 million. The majority of his net worth has come from the lucrative contracts he has signed over his NBA career as well as endorsement deals with major brands. Still in the prime of his career at age 31, Powell’s net worth figures to continue rising in coming years as he inks new contracts and expands his endorsement portfolio.

Norman Powell Salary

In July 2019, Powell signed a 5 year, $90 million contract with the Portland Trail Blazers. This works out to an average annual salary of $18 million over the life of the contract. Powell will earn a base salary of $18 million for the 2023-2024 season while carrying a salary cap hit of $18 million as well. This makes him one of the higher-paid shooting guards in the NBA. With his scoring prowess and athleticism still intact, Powell figures to command similarly hefty salaries when he becomes a free agent again in 2024.

Norman Powell Endorsements

Although not as high profile as some superstar players, Powell has signed his fair share of endorsement deals. Most notably, he inked a shoe deal with AND1 to help promote their basketball sneakers. Powell is expected to release at least one signature shoe model with the company, joining fellow NBA players like Brandon Jennings and Emmanuel Mudiay who also have endorsement deals with the brand. This shoe deal adds a nice chunk of change to Powell’s annual earnings.

Norman Powell Investments

Aside from basketball contracts and endorsements, Powell has made some savvy investment choices to help build his wealth. He started his own clothing brand called Understand the Grind which sells apparel featuring Powell’s “UDTG” logo. Powell actively promotes the brand on social media and during interviews. The clothing line not only generates money through direct sales but also expands Powell’s marketing reach with fans. It provides another revenue stream to his business portfolio for when his playing days eventually come to an end.

Norman Powell Other Sources of Income

In addition to his NBA salary and endorsements, Powell earns income from his clothing brand, Understand the Grind. The apparel company sells hoodies, t-shirts, and other merchandise featuring Powell's "UDTG" logo. As the owner of the brand, Powell likely takes a healthy share of profits from sales.

Norman Powell House

Powell previously lived in a 7,170-square-foot mansion in Lake Oswego, Oregon during his time with the Trail Blazers. The luxury home featured seven fireplaces, an indoor pool, an outdoor spa, and plenty of amenities. However, after being traded to the Clippers in 2022, Powell listed the mansion for sale. There is no updated information on his current housing situation in Los Angeles.

Norman Powell Cars

At one point Powell owned a Porsche Taycan electric sports car. However, in an interview, he revealed his Taycan was totaled by a valet driver. It is unknown if Powell has purchased a replacement vehicle, as he has not posted any car photos recently on his social media pages.

Norman Powell Charity Work

Powell has given back to his hometown community in San Diego. In December 2021, he donated $100,000 to help over 200 families from Lincoln High School with holiday shopping. The generous gift provided $500 for each family to buy gifts, clothes, food, and other items. Powell enjoys helping out at the high school where he first made a name for himself as a basketball prospect.