Malik Beasley, an NBA player, has an estimated net worth of $60 thousand as of 2026, despite career success and lucrative contracts. His future in basketball is uncertain due to financial struggles and a federal investigation into gambling-related allegations.
Malik Beasley, a professional basketball player from the United States, currently has a net worth valued at $60 thousand. Selected in the first round of the 2016 NBA Draft, he has played for multiple teams, including the Denver Nuggets, Minnesota Timberwolves, Milwaukee Bucks, and Detroit Pistons. Beasley experienced a standout season with the Pistons in 2024–25, finishing second in Sixth Man of the Year voting and breaking a franchise record with 319 three-pointers made. However, his career prospects have been overshadowed by financial difficulties and a federal inquiry into alleged gambling and wire fraud, which could have serious repercussions for his professional future. Beasley attended Saint Francis School in Alpharetta, Georgia, where he became one of the nation’s most promising high school athletes. He then played college basketball for one 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 physical skills led to his selection as the 19th overall pick by the Denver Nuggets in the 2016 NBA Draft. During his early years in Denver, Beasley received limited playing time but gradually established himself as a dependable shooter. In the 2018–19 season, he contributed 11.3 points per contest while connecting on 40.2% of his three-point attempts. In February 2020, he was traded to the Minnesota Timberwolves, where he immediately thrived, scoring 20.7 points across 14 games before the season was interrupted by the COVID-19 pandemic. Beasley signed a four-year, $60 million contract extension with the Timberwolves in 2020 and continued to perform well, though off-court incidents, including a 2020 arrest and subsequent suspension, affected his public image. He later played for the Utah Jazz and Milwaukee Bucks before joining the Detroit Pistons in 2024. Throughout his NBA career, Beasley has agreed to contracts totaling over $59 million. His most substantial deal was a four-year, $60 million agreement with the Timberwolves, finalized in 2020. Following brief stints in Utah and Milwaukee, he signed a one-year, $6 million deal with the Pistons for the 2024–25 season. Beyond his basketball earnings, Beasley has faced financial pressures, including taking out a bridge loan in 2024 that used his current and future NBA contracts as security. While his lawyer noted such arrangements are typical among athletes, he cautioned about potentially exploitative terms. Beasley is currently the subject of a federal investigation into suspected involvement in manipulating proposition bets and wire fraud. Authorities are reportedly examining the 2023–24 season, especially a game between the Bucks and Trail Blazers where betting volume surged on a prop bet linked to Beasley’s rebound total. Though he did not fail to meet the betting line, the unusual betting activity prompted scrutiny. As of now, no formal charges have been filed, but the investigation has already impacted Beasley’s career—most notably, the Pistons withdrew a $42 million contract offer. His professional fate now depends on determinations from the NBA and federal authorities regarding possible violations of league policies or federal statutes. Beasley and Yao briefly reconciled in 2022 before parting ways again. Apart from his legal and relationship challenges, he served time in jail in 2021 after admitting guilt to a felony charge involving threats of violence stemming from an incident outside his Minnesota residence in 2020. He completed a 78-day sentence in a workhouse while still under contract with the Timberwolves. Despite these setbacks, Beasley has at times expressed his commitment to becoming a more positive influence for his son and learning from his past missteps. © 2026 Celebrity Net Worth / All Rights Reserved