Malik Beasley, an NBA player, holds a net worth of $60 thousand in 2026, but his career faces uncertainty due to financial troubles and a federal investigation into alleged gambling and wire fraud.
Malik Beasley, a professional basketball player from the United States, has accumulated a net worth of $60 thousand as of 2026. Drafted in the first round of the 2016 NBA Draft, Beasley has represented multiple teams such as the Denver Nuggets, Minnesota Timberwolves, Milwaukee Bucks, and Detroit Pistons. He experienced a standout season with the Pistons in 2024–25, ranking second in the Sixth Man of the Year voting and setting a new franchise record with 319 successful three-point shots. However, his professional trajectory has been overshadowed by financial difficulties and a federal probe into accusations of gambling and wire fraud, which could have serious repercussions for his future in the league. Before turning pro, Malik attended Saint Francis School in Alpharetta, Georgia, where he established himself as one of the top high school basketball talents in the nation. He then played a single season at Florida State University, where he averaged 15.6 points per game and earned a spot on the ACC All-Freshman Team. His scoring ability and athleticism caught the attention of the Denver Nuggets, who selected him with the 19th overall pick in the 2016 NBA Draft. In his early years with the Nuggets, Beasley saw limited court time but gradually developed into a dependable three-point shooter. During the 2018–19 season, he contributed 11.3 points per contest while converting 40.2% of his three-point attempts. In February 2020, he was traded to the Minnesota Timberwolves, where he quickly found his form, scoring 20.7 points per game over 14 appearances before the season was interrupted by the COVID-19 pandemic. Beasley agreed to a four-year, $60 million contract extension with the Timberwolves in 2020 and continued to perform on the court, though off-court controversies—including a 2020 arrest and subsequent suspension—tarnished his public image. After brief stints with the Utah Jazz and Milwaukee Bucks, he joined the Detroit Pistons in 2024. Throughout his NBA career, Malik Beasley has inked contracts totaling more than $59 million. His most substantial deal was the four-year, $60 million agreement signed with the Timberwolves in 2020. Following shorter tenures with Utah and Milwaukee, Beasley secured a one-year, $6 million contract with the Pistons for the 2024–25 season. Apart from his financial obligations, Beasley entered into a short-term loan arrangement in 2024, using his present and future NBA earnings as security. While his lawyer noted that such lending practices are typical among athletes, they also cautioned about potentially exploitative conditions. Currently, Beasley is the subject of a federal investigation into allegations of manipulating proposition bets and engaging in wire fraud. The inquiry centers on the 2023–24 season, particularly a game between the Bucks and Trail Blazers where betting volume surged on a prop bet related to Beasley’s rebounds. Although he did not fail to meet the betting line, the unusual wagering activity drew authorities’ attention. No formal charges have been filed yet, but the FBI’s examination has already produced immediate consequences: the Pistons withdrew from a $42 million contract offer, leaving Beasley’s career in jeopardy as both the NBA and federal agencies assess whether his actions breached league policies or federal statutes. Beasley and his former partner, Yao, briefly reconciled in 2022 before parting ways permanently. Beyond his personal relationships, Beasley served a jail sentence in 2021 after admitting guilt to a felony charge of making violent threats stemming from an incident outside his Minnesota residence in 2020. He completed 78 days in a workhouse while still under contract with the Timberwolves. Despite these legal and financial challenges, Beasley has at times voiced his intention to become a more positive influence for his son and to learn from his prior missteps. © 2026 Celebrity Net Worth / All Rights Reserved