Karl-Anthony Towns Net Worth

What is Karl-Anthony Towns' net worth and salary?

Karl-Anthony Towns is a Dominican American professional basketball player who has a net worth of $100 million. Karl-Anthony Towns is best known for his dominant play as a center and power forward with the Minnesota Timberwolves. Since being selected first overall in the 2015 NBA Draft, Towns has become one of the league's most skilled big men, combining elite scoring, rebounding, and three-point shooting in a rare modern package. A three-time NBA All-Star and 2022 Three-Point Contest champion, he has been the cornerstone of the Timberwolves franchise for nearly a decade. Known for his versatility, leadership, and community involvement, Towns has balanced his on-court accomplishments with philanthropy and a deep connection to his Dominican heritage.

Early Life

Karl-Anthony Towns Jr. was born on November 15, 1995, in Edison, New Jersey, to Karl Towns Sr. and Jacqueline Cruz-Towns. His father played basketball at Monmouth University and later became a coach, giving Karl an early exposure to the game. His mother, who was Dominican, was deeply supportive of his career and remained a central figure in his life until her passing in 2020 due to COVID-19 complications—a loss that profoundly shaped him both personally and professionally.

Towns attended Lake Nelson Seventh-Day Adventist School before transferring to St. Joseph High School in Metuchen, New Jersey. There, he led the basketball team to multiple state championships and was named Gatorade National Player of the Year in 2014. His success made him one of the top recruits in the country.

College Career

Towns played one season of college basketball at the University of Kentucky under coach John Calipari during the 2014–2015 season. At Kentucky, he became known for his defensive instincts, soft shooting touch, and intelligence on the court. The Wildcats went 38–1 that season, reaching the Final Four of the NCAA Tournament. Towns averaged 10.3 points, 6.7 rebounds, and 2.3 blocks per game, and was named to the All-SEC Freshman Team. His performance cemented his status as the top prospect entering the 2015 NBA Draft.

NBA Career

The Minnesota Timberwolves selected Towns with the first overall pick in the 2015 NBA Draft. He made an immediate impact, averaging 18.3 points and 10.5 rebounds per game in his rookie season, earning the 2016 NBA Rookie of the Year award unanimously. Over the following seasons, Towns developed into one of the NBA's most complete offensive players. He averaged over 20 points and 10 rebounds per game for multiple consecutive seasons and became known for his remarkable efficiency and three-point shooting for a big man.

Towns earned his first All-Star selection in 2018 and was later named to the All-NBA Third Team. In 2022, he won the NBA Three-Point Contest during All-Star Weekend, becoming the first center ever to do so. That same year, he scored a career-high 60 points against the San Antonio Spurs, setting a Timberwolves franchise record.

He has continued to serve as a team leader as the franchise builds around him and Anthony Edwards, guiding Minnesota back into playoff contention.

Hannah Foslien/Getty Images

Contracts, Salaries & Career Earnings

Since entering the league in 2015, Karl-Anthony Towns has earned well over $250 million in NBA salary alone. His rookie contract with the Timberwolves was worth $25.7 million over four years. In September 2018, he signed a five-year, $190 million maximum contract extension that ran through the 2023–24 season.

In 2022, Towns secured another massive deal—a four-year, $224 million supermax extension with Minnesota. The contract, which began with the 2024–25 season, averages $56 million per year and could exceed $270 million with incentives. The extension makes him one of the highest-paid players in NBA history based on annual salary.

Off the court, Towns has also signed lucrative endorsement deals with major brands including Nike, Gatorade, Beats by Dre, and Panini, further increasing his overall earnings.

International Play

In addition to his NBA success, Towns has proudly represented the Dominican Republic on the international stage. He made his senior national team debut at just 16 years old during the 2012 FIBA Americas Championship, becoming one of the youngest players to ever represent the country. His Dominican roots have remained a defining part of his identity, and he frequently discusses how his heritage shaped his values and work ethic.

Philanthropy and Personal Life

Since 2020, Karl-Anthony has been romantically linked to Jordyn Woods.

Towns has been outspoken about giving back to his community. Through his Karl-Anthony Towns Foundation, he supports education, healthcare, and community development initiatives. Following his mother's passing, he made significant donations to COVID-19 relief efforts and hospitals in New Jersey and Minnesota. He has also worked with the Timberwolves organization to fund scholarships and youth programs.

Outside of basketball, Towns has a keen interest in technology, gaming, and social issues. He has used his platform to advocate for racial equality, healthcare reform, and awareness around mental health.

Who's Richer?

Karl-Anthony
Towns

Compare!

Anthony
Edwards