Jimmy Butler’s Net Worth – A Deep Dive into His Wealth

Jimmy Butler’s Net Worth – A Deep Dive into His Wealth

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Jimmy Butler is an American professional basketball player. Butler plays for the Miami Heat of the NBA. Butler transferred to Marquette University after playing basketball for Tyler Junior College for one year. 

He was drafted with the 30th overall pick in the 2011 NBA draft by the Chicago Bulls. Butler would play six seasons for the Bulls and be instrumental in their NBA Finals appearance in 2015; in five of those six, he never failed to make the NBA Playoffs. As of 2024, Jimmy Butler’s net worth is $60 million.

Jimmy Butler Biography

Jimmy Butler III was born in Houston, Texas, on September 14th, 1989. Abandoned as an infant by his father, Jimmy Butler found himself on the street by the age of 13. 

His mother had kicked him out of the home, and he stayed with various friends over the next few years. Many years later, Butler revealed that he remains close to his parents even though they both abandoned him at an early age.

During his high school years, Jimmy’s basketball talents were quickly spotted. He was accepted into the family of Jordan Leslie, a future NFL star enrolled at the same school. 

By his senior year, Butler was averaging 19.9 points per game. Despite his strong performances, colleges did not heavily recruit him when he graduated from high school.

He first played a single season at Tyler Junior College, and his talents soon became more widely known. Jimmy then played college basketball for a single year with Marquette, which had offered him an athletic scholarship. 

His statistics improved significantly within the next few years, and he eventually achieved an average of 15.7 points per game by his senior year.

Career

In 2011, Butler left college and declared himself eligible for the NBA Draft. The Chicago Bulls selected him as the 30th overall pick. 

Unfortunately, his career started slowly, as Jimmy found himself on the sidelines throughout most of his rookie year. In addition, the season was shortened due to a lockout. The next season, things improved drastically for Jimmy, and he played all 82 games for Chicago. 

Although the following season started slowly for him, he eventually saw more playing time and scored 28 points against the Raptors. 

During the 2013-2014 season, Butler missed 15 games due to injury, although he saw more minutes per game than ever before. By the end of the season, he was named to the NBA All-Defensive Second Team.

In the 2014-2015 season, he scored 32 points against the Denver Nuggets. He then broke this record with 35 points against the New York Knicks. Another injury followed, although Butler recovered and played well throughout the playoffs. 

He ended the season by winning the NBA Most Improved Player award. This was the first time any Bulls player had won the award.

Before the next season, Jimmy signed a new five-year, $95-million contract. His performance continued to improve, and he eventually scored 43 points in a game against the Detroit Pistons that season. 

He then scored 40 points in a single half against the Toronto Raptors, breaking Michael Jordan’s record. The season continued, and Jimmy Buckets scored 53 points in a game against the Philadelphia 76ers. 

Unfortunately, he then suffered a knee injury that put him on the sidelines for a month. This injury would continue to trouble him for the rest of the season.

Butler spent one more season with the Bulls before being traded to the Minnesota Timberwolves. He suffered more injuries and underwent surgery on his right knee. 

After one season, Jimmy requested a trade and was passed to the Philadelphia 76ers. He then spent a single season with this team before signing with the Miami Heat in 2019.

Jimmy Butler’s Salary

Jimmy Butler earns approximately $35.2 million per year. He signed a four-year, $142 million maximum contract with the Miami Heat. He earns a base salary of $34,379,100. 

Butler signed a three-year, $146 million extension that will keep him in the NBA through the 2025-26 season. His average annual salary during those three years will be a staggering $48.8 million.

Jimmy Butler’s Endorsements

The Heat shooting guard has earned around $3 million from his various endorsement arrangements. 

He has been the face of many brands like AQUAhydrate, Beats by Dre, Bonobos, Five Four, Hyperice among others. Butler also terminated his deal with Adidas to take up Michael Jordan’s shoe brand for lesser pay. He also has a deal with Li-Ning.

Beats by Dre

The NBA and Beats by Dre announced a partnership that makes the company the official audio partner of the NBA, WNBA, USA Basketball, and G League from October 2018.

Li-Ning

ESPN’s Nick DePaula tweeted that the Miami Heat superstar will sign a multi-year deal with the Chinese sneaker company. The deal will bring Butler his own signature sneaker and the contract will be a long one. 

Jimmy Butler will wear the Li-Ning Yushuai 14 Boom model during the ongoing season. The financial terms of the agreement weren’t made public, however, the deal has been described as ‘significant’, which will make Jimmy the face of the brand.

Jimmy Butler’s Other Sources of Income

While in the NBA bubble, Jimmy Butler started a coffee shop. The star now roasts his own beans, practices latte art, and is hopeful of running his own cafe. 

Named ‘Big face Coffee’, the shop has all sorts of coffee drinks of all sizes. He also offered teammate Bam Adebayo a part-ownership stake worth $2.5 million in his coffee business during their time in the NBA bubble.

Jimmy Butler’s House and Car

Houses

Chicago

The star’s Chicago house, which went on the market after Jimmy transferred from the Bulls to the Heat, includes six bedrooms, five and a half bathrooms, a recreation room with a bar, and a billiards table. The mansion, completed in 2008, has multiple outdoor deck spaces.

North River

The star’s Pennsylvania home is another residence put on the market for around $6.8 million. Located in Ambler, the property is reportedly built on the same grounds George Washington and his troops inhabited in the 1700s. 

The mansion spans over 7.8 acres, with the house in 14,000 square feet. It includes six bedrooms, seven bathrooms, a wine cellar, and a home theatre, among other features.

Cars

Butler has a Toyota Sienna. When asked in an interview why he had a minivan, he revealed that it was for his baby Rylee, whose mother is his girlfriend, Kaitlin Nowak. Butler also owns a Jaguar.

Real Estate

In 2017, Butler sold his home in the Chicago neighborhood of River North. He sold the residence for $4.2 million, well below the initial listing price of $5 million. He first cut the price to $4.6 million before settling on a selling price of $4.2 million. 

This represented a net loss, as Butler had originally purchased the home for $4.3 million in 2015. The residence spans 10,000 square feet of living space and includes six bedrooms. 

Additional features include a 750-bottle wine cellar, a roof deck, a home theater, a game room, and a three-car garage.

In 2018, it was reported that Butler had made several real estate transactions. He first purchased two condos in a newly built River North building for over $1 million. Immediately, Jimmy listed one of the two condos for $1.45 million. 

This residence, situated on the fifth floor, was purchased for $1.239 million. It features three bedrooms and 1,663 square feet of living space. Additional features include a private elevator entrance and hardwood floors.  

The second condo was purchased for just under $2 million, and Jimmy reportedly intended to keep this unit for himself.

In 2019, Jimmy Butler put his home in Pennsylvania on the real estate market. This residence was listed for $6.8 million and is located in Ambler. 

Originally built in 1913, the home sits on 7.8 acres of land. It features 14,000 square feet of living space and six bedrooms. Additional highlights include a wine cellar and a home theater.

How Does Jimmy Butler Spend His Money? 

Butler spends some of his money on charity work and on his real estate. 

Jimmy Butler’s Charity Work

Jimmy Butler has helped charities such as Mercy Home for Boys & Girls and Share Our Strength: No Kid Hungry. 

Butler’s Home 

Butler owns a fantastic home in Ambler, Pennsylvania. The lot spans a whopping 7.8 acres, and the home, which has six bedrooms and seven bathrooms, is 14,000 sqft. 

Highlights 

Here are some of the best highlights of Jimmy Butler’s career: 

  • 2× All-NBA Third Team (2017, 2018)
  • 4× NBA All-Defensive Second Team (2014–2016, 2018)
  • 5× NBA All-Star (2015–2018, 2020)

3 Life Lessons from Jimmy Butler 

Now that you know all about Jimmy Butler’s net worth and how he achieved success. Let’s take a look at some of the lessons we can learn from him:

1. Heroes

Hard times don’t create heroes. It’s during the hard times when the ‘hero’ within us is revealed.  

2. Bad Days 

Remember, it’s just a bad day, not a bad life.

3. Take a Deep Breath 

Whatever is worrying you right now, forget about it. Take a deep breath, stay positive, and know things will improve. 

Frequently Asked Questions

What Is the Net Worth of Jimmy Butler?

Jimmy Butler‘s total net worth is around $60 Million.

What Is the Age of Jimmy Butler?

Currently, Jimmy Butler is 33 years old (14 September 1989).

What Is the Salary of Jimmy Butler?

Jimmy Butler earns an estimated salary of $6 Million per Year.

What Is the Height of Jimmy Butler?

The Height of Jimmy Butler is 2.01m. (6’ 7”).

Conclusion – Jimmy Butler’s Net Worth

Jimmy Butler, an American pro basketball star, began his NBA journey with the Chicago Bulls in 2011. After six years, he was traded to the Minnesota Timberwolves and quickly made an impact, guiding them back to the playoffs.

Playing for Team USA, Butler snagged a gold medal at the 2016 Summer Olympics in Rio. Recognized as the NBA’s Most Improved Player in 2015, he also secured a spot on the NBA All-Star roster for four years straight. As of 2024, his net worth is around $60 million.

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Written by

Aeron Rupar

Reviewed By

Judith

Judith

Judith Harvey is a seasoned finance editor with over two decades of experience in the financial journalism industry. Her analytical skills and keen insight into market trends quickly made her a sought-after expert in financial reporting.