Penny Hardaway Net Worth

What is Penny Hardaway’s Net Worth?

Net Worth:$50 Million
Profession:Basketball Player
Age:51 Years Old
Country:United States
Born:July 18, 1971
Salary:$2.45 Million
Last Updated:2022

Penny Hardaway is a retired American basketball player has a net worth of $50 million. He owned an incredulous fruitful and flourishing career playing for the New York Knicks and Phoenix Suns. Currently, he is leading the Memphis Tiger team as a head trainer. He is also one of the most popular players for his beneficiations at the side of Shaquille O’Neal on the Orlando Magic.

Early Life

Born on 18th July 1971, Hardaway was brought up by his motherly grandmother and got his beautiful nickname came as a result of his grandmother calling him “Penny”. He started playing high school basketball for Treadwell High School, in Memphis. He got an award for Parade Magazine where he averaged 36.6 points, 10.1 rebounds, 2.8 blocks, 3.9 steals, and 6.2 assists. He proceeded for higher studies from the University of Memphis where he played for the college basketball team and majored in education at Memphis State. Penny was selected by the Golden State Warriors and entered his NBA career in 1993.


Penny Hardaway started his golden career with his selection by Golden State Warriors. He was trafficked to Orlando Magic in 1993 where he startled his career with MVP honor for the foremost Schick Rookie Game. He got an atrocious amusement talent too. A basketball drama film, Blue Chips, highlighted Penny Hardaway and his mate Shaquille O’Neal as chief actors in 1994. He was the only incomparable NBA player who averaged 20 points and 5 assists. In 1996, he won the gold medal in Summer Olympics and equaled 9 points, 2.8 rebounds, and 4.4 assists. In 1998, he endured cruel knee injuries which need surgery. Then, he was trafficked to Phoenix Suns in 1999 where he equaled 16.9 points, 5.3 assists, and 5.8 rebounds but later on in the 2000-01 NBA season, he got two further surgeries. From 2004-06, he had played for the New York Knicks and inked Miami Heat and was eventually released by this company in 2007.

Films and Television

In 1994, a basketball drama film, ‘Blue Chips’ directed by iconoclastic filmmaker William Friedkin, highlighted Penny Hardaway and his mate Shaquille O’Neal as chief actors. During the medial to late 1990s. Penny participated in the red-hot Nike advertising crusade “Lil Penny” which highlighted he alter pride poppet- raised by funnyman Chris Rock. In 2016, he formed an appearance and was pointed in ESPN30 for 30 pictures “The Magic Moment”.

Penny Hardaway Net Worth and Salary


Full nameAnfernee Penny Hardaway
DOB18 July 1971
Birth PlaceMemphis, Tennessee
Height6 ft 7 in
Weight88 kg
EducationTreadwell High School and University of Memphis
ParentsFae Hardaway, Eddie Gordon
SpouseMarry McDonnell
ChildrenJayden Hardaway, Latanfernee Hardaway
MoviesBlue Chips
TV ShowsVGX Award Show, This Magic Moment
Net Worth$50 Million
Salary$2.45 Million
Teams CoachedEast HS, Memphis

Penny Hardaway Career Earnings

YearEarningsSalary from
1998$8,505,000Orlando Magic
1999$9,000,000Phoenix Suns
2000-2003$10,130,000 – $13,500,000Phoenix Suns
2004-2005$14,625,000 – $15,750,000New York Knicks
2007$320,142Miami Heat
2014$11,250,000Phoenix Suns

During his NBA career, he has earned approximately $120 million in payment only before levies and life freights. He has also earned nearly $20 million in several agreements. In 2019, Penny Hardaway has purchased 11,000 square foot mansion, in Memphis for which he paid approximately $4.25 million.

After signing with Memphis Tiger, his original deal lived 3 years for approx $4.8M. Later on, in 2020, he was awarded an extension which will keep him till 2025-26 seasons in Memphis. He was paid about $12 million over the course of this contract.

Penny Hardaway Charity

Penny Hardaway does not possess his own foundation but he is no foreigner to contribute back to society. When working as a trainer at the East HS, he worked out with Desmond Merriweather Foundation to help the athletes to exceed in their colleges too. In August, it was noticed that Penny worked with St. Jude’s Children’s Research Hospital to help the kiddos competing with cancer.


As of 2022, Penny Hardaway’s net worth is roughly $50 million and his salary is $2.45 million. He makes the maximum earnings from his professional basketball career (NBA). Through the Memphis Tiger contract, the overall earnings were $12 million. Apart from this, he has earned $20 million from several agreements.    

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