Malik Beasley, an American professional basketball player, has a net worth of $60 thousand in 2026. His career has been overshadowed by legal troubles and a federal investigation into gambling and wire fraud.
Malik Beasley is a professional basketball player from the United States with an estimated net worth of $60 thousand as of 2026. Drafted in the first round of the 2016 NBA Draft, Beasley has played for multiple teams, including the Denver Nuggets, Minnesota Timberwolves, Milwaukee Bucks, and Detroit Pistons. He had a standout season with the Pistons in 2024–25, ranking second in Sixth Man of the Year voting and setting a team record with 319 three-pointers made. However, his career has been disrupted by financial difficulties and a federal investigation into alleged gambling and wire fraud, which could have major consequences for his future in basketball. Beasley attended Saint Francis School in Alpharetta, Georgia, where he established himself as one of the top high school basketball players nationwide. He then played one season at Florida State University, averaging 15.6 points per game and earning ACC All-Freshman Team honors. His scoring ability and athleticism led to his selection by the Denver Nuggets with the 19th overall pick in the 2016 NBA Draft. During his early years in Denver, Beasley received limited playing time but gradually became a dependable outside shooter. In the 2018–19 season, he posted averages of 11.3 points per game while shooting 40.2% from three-point range. In February 2020, Beasley was traded to the Minnesota Timberwolves, where he immediately thrived, averaging 20.7 points over 14 games before the season was paused due to the COVID-19 pandemic. He agreed to a four-year, $60 million contract extension with the Timberwolves in 2020 and continued to perform, though off-court problems, including a 2020 arrest and subsequent suspension, affected his public image. Beasley later joined the Utah Jazz and Milwaukee Bucks before signing with the Detroit Pistons in 2024. Throughout his NBA career, Malik Beasley has accumulated contracts totaling over $59 million. His largest deal was the four-year, $60 million agreement with the Timberwolves in 2020. After brief stints in Utah and Milwaukee, he secured a one-year, $6 million contract with the Detroit Pistons for the 2024–25 season. In addition to his financial difficulties, Beasley entered into a bridge loan agreement in 2024, using his current and future NBA contracts as security. His lawyer noted that such arrangements are typical among athletes but cautioned about potentially exploitative terms. Beasley is currently facing a federal investigation for potential involvement in manipulating proposition bets and wire fraud. The inquiry centers on the 2023–24 season, particularly a game between the Bucks and Trail Blazers where betting activity surged on a prop bet linked to Beasley's rebound total. Although Beasley did not fail to meet the betting line, the high volume of bets raised suspicions. While no charges have been filed, the FBI's probe has already produced consequences: the Pistons withdrew from a proposed $42 million contract offer, and Beasley's career remains uncertain as both the NBA and federal authorities assess whether his conduct breached league policies or federal statutes. Beasley and Yao briefly reunited in 2022 before parting ways again. Aside from his personal relationships, Beasley served a jail sentence in 2021 after admitting guilt to a felony charge of making violent threats stemming from a 2020 incident outside his Minnesota residence. He spent 78 days in a workhouse while still under contract with the Timberwolves. Despite these legal and financial challenges, Beasley has occasionally expressed his commitment to becoming a more positive influence for his son and learning from his past errors. © 2026 Celebrity Net Worth / All Rights Reserved