Angel Reese’s Net Worth in 2024: A Comprehensive Breakdown of Her Earnings, Endorsements, and Impact

Introduction

Angel Reese, a rising star in women’s basketball, has made significant strides both on and off the court. Known for her incredible talent and vibrant personality, Reese has not only excelled in the WNBA but also amassed substantial earnings through endorsements and sponsorships. This article provides a detailed look at Angel Reese’s net worth in 2024, including her WNBA salary, endorsement deals, and philanthropic efforts.

Early Life and College Career

Angel Reese was born in Randallstown, Maryland, and began her educational and basketball journey at St. Frances Academy in Baltimore. She initially played college basketball at the University of Maryland before transferring to Louisiana State University (LSU) for her junior and senior years. At LSU, she showcased her exceptional talent, leading her team to victory in the 2023 NCAA tournament and earning the title of Most Outstanding Player.

Basketball prowess runs in her family. Her mother, Angel, is enshrined in the Hall of Fame at the University of Maryland, Baltimore County (UMBC). Continuing the family legacy, her brother, Julian, plays basketball at the University of Maryland.

Angel Reese’s impressive achievements both on and off the court are a testament to her dedication, skill, and strong family heritage in the sport.

What Is Angel Reese’s Net Worth in 2024?

As of 2024, Angel Reese’s net worth is estimated to be around $1.8 million. This impressive figure is the result of her successful basketball career, lucrative endorsement deals, and her salary from the WNBA.

Net Worth Breakdown

Angel Reese’s net worth is a combination of her WNBA salary and her earnings from endorsements and investments. Below is a breakdown of her estimated net worth:

Professional Salary

Angel Reese signed a four-year contract with the Chicago Sky, valued at $324,383. Her annual earnings start at $73,439 and increase each season, reaching up to $93,636 in her final year if the Sky exercises her fourth-year option. This salary is slightly lower than that of Caitlin Clark, the first draft pick for the Indiana Fever, who will earn up to $97,582 in four years.

Additional Earnings

In addition to her base salary, Angel Reese has the potential to earn extra income through performance-based incentives. For instance, winning the WNBA Rookie of the Year award would bring her a $5,150 bonus, while being selected for the All-Star game would add another $2,575 to her earnings.

WNBA Career,Salary and Contract Breakdown

Angel’s starting salary in the WNBA is around $73,000. She signed a four-year contract with the Chicago Sky worth $324,383, according to Spotrac. Her earnings will increase each year, starting at $73,439 in her first year and reaching $93,636 in her fourth year, provided the Sky exercise her fourth-year option. This is slightly lower than Caitlin Clark’s salary, who was drafted first to the Indiana Fever and will earn up to $97,582 by her fourth year.

Angel also has the opportunity to earn additional incentives, such as $5,150 for winning WNBA Rookie of the Year and $2,575 for being selected to the All-Star game, as reported by USA Today.

It’s clear that WNBA salaries are much lower compared to NBA salaries. For instance, Bilal Coulibaly, last year’s seventh overall NBA draft pick, signed a $30 million contract with the Washington Wizards, according to Spotrac. The highest WNBA salaries are around $240,000, which is less than the lowest-paid NBA player, as noted by The Cut. Many WNBA players increase their income by playing overseas during the off-season.

However, Angel’s WNBA salary will be supplemented by her existing sponsorship deals. So, she will still be earning a substantial income.

Here’s a table summarising the key salary details:

This table highlights the stark contrast between WNBA and NBA salaries, as well as the additional earning opportunities available to WNBA players like Angel through incentives and sponsorships.

Endorsements and NIL Deals

Angel Reese has become one of the most marketable athletes, thanks to her impressive performance and charismatic presence. She has signed lucrative endorsement deals with major brands such as:

• Reebok
• Amazon
• PlayStation
• Calvin Klein
• Outback Steakhouse
• Raising Cane’s
• Wingstop
• Coach
• McDonald’s
• Xfinity

In college, she was ranked eighth for NIL (Name, Image, and Likeness) earnings, making around $1.7 million from 17 different deals. These endorsements continued to grow as she transitioned to the professional league, ensuring a steady stream of income beyond her WNBA salary.

Angel Reese: Brand Endorsements, Investments, and Philanthropy

Brand Endorsements

Angel Reese continues to expand her portfolio of brand endorsements. Through her NIL deals, she has secured partnerships with prominent brands such as Reebok, Raising Canes, Coach, Wingstop, Amazon, McDonald’s, PlayStation, Outback Steakhouse, Bose, Discord, Xfinity, and TurboTax. Additionally, Reese has signed endorsement contracts with Mielle, Dick’s Sporting Goods, and Mercedes-Benz of Baton Rouge, in collaboration with Bayou Collective.

According to online sources, her endorsement revenue is estimated to be around $1.7 million as of January 2024. However, Reese has not disclosed her earnings from each individual brand.

Investments

As a WNBA player and former star at LSU, Angel Reese has significantly invested in a diverse range of endeavours, including professional sports teams and social causes. Reese became a primary investor in the DC Power Football Club, a professional women’s soccer team in the Super League, securing a 5% stake with a cash investment. This initiative aims to champion female athletes and support the advancement of women’s sports.

In a groundbreaking effort towards advocacy, Reese collaborated with Goldman Sachs to empower Black women through sports, education, and fiscal literacy. This progressive alliance highlights the struggles Black women face and advocates for policy reforms to bridge the racial wealth disparity.

Philanthropy

In August 2023, Angel Reese launched the Angel Reese Foundation, which aims to support girls and underrepresented groups through sports, education, and financial literacy programs. Her foundation is dedicated to fostering equity and providing opportunities for young women. Reese’s philanthropic efforts highlight her commitment to giving back to her community and empowering others.

All of Angel Reese’s investments and philanthropic endeavours encapsulate her determination to uplift women in the sports universe and her aspiration to expand her business interests. Her comprehensive approach not only enhances her professional career but also reinforces her role as a leader and advocate for equity and empowerment in society.

Angel Reese Foundation

In August 2023, Angel Reese established the Angel Reese Foundation to give back to her hometown and communities in Baton Rouge.

The foundation is dedicated to “creating a platform of equity for girls and underrepresented communities through transformative and effective programs” and aims “to guarantee equal opportunities for all girls in sports, education, financial literacy, and other areas where their presence has traditionally been overlooked,” as stated on the foundation’s website.

In September 2023, Angel organised a neighbourhood celebration to mark the beginning of the new school year. She shared a video of the event on her Instagram, captioning it, “@angelcreesefoundation ‘Back To School Giveback Block Party’ was held on 9/24/23 in Baton Rouge, Louisiana.”

Financial Literacy and Management

Angel Reese is not only focused on her basketball career but also on managing her finances wisely. She has invested in various endeavours, including professional sports teams and social causes. Reese is a primary investor in the DC Power Football Club, a women’s soccer team in the Super League, demonstrating her support for women’s sports. She has also partnered with Goldman Sachs to advocate for Black women through sports, education, and fiscal literacy.

Comparative Analysis

Despite her significant earnings, there is a stark contrast between WNBA and NBA salaries. While Angel Reese’s net worth is approximately $1.8 million, her NBA counterparts earn substantially more. For example, Bilal Coulibaly, the seventh overall pick in the NBA draft, signed a $30 million contract. This disparity highlights the ongoing gender pay gap in professional sports. However, Reese’s endorsement deals and investments ensure she remains financially secure and influential.

Future Prospects

Looking ahead, Angel Reese’s net worth is expected to grow as she continues to excel in her professional career and secure more endorsement deals. Her philanthropic work and investments in social causes will also enhance her legacy. Reese’s ability to balance her sports career with financial management and community service sets a positive example for future athletes.

Conclusion

Angel Reese’s net worth in 2024 reflects her outstanding achievements on the basketball court and her savvy business acumen. Her WNBA salary, combined with lucrative endorsement deals and smart investments, has positioned her as a formidable figure in women’s sports. Through her foundation and advocacy work, Reese is making a lasting impact, proving that her influence extends far beyond basketball.