NBA

Tim Duncan Once Lost Over $20 Million and Was Not Fazed by It

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Tim Duncan money

Tim Duncan is one of the best players who has ever suited up in the NBA and a frequent inhabitant of all-time top-10 lists. The Big Fundamental enjoyed plenty of success, winning multiple championships for the San Antonio Spurs and earning selection to 15 All-NBA teams.

Despite what his wardrobe might tell you, he also made $245.4 million in salary during his playing career. And while he once lost millions of dollars thanks to some poor financial advice, he didn’t let it affect him in the slightest.

Tim Duncan net worth

Duncan spent 19 seasons in the NBA and was a 15-time All-Star and five-time NBA champion. He spent his entire career playing for the San Antonio Spurs and remains one of the greatest players in franchise history.

Duncan’s success allowed him to be rewarded financially. Not only did he make $245.4 million in salary during his career in San Antonio, but that’s also saying nothing of his endorsement opportunities.

According to Celebrity Net Worth, the 47-year-old still enjoys a net worth of $130 million.

How Tim Duncan lost over $20 million

While Tim Duncan was still playing, he lost a whole bunch of money due to a financial adviser who was not upfront with him. The Hall of Famer said he lost about $25 million in investments because of the bad advice.

“Luckily I had a long career and made good money,” Duncan told Bloomberg (h/t CBS Sports). “This is a big chunk, but it’s not going to change my life in any way. It’s not going to make any decisions for me.”

Duncan sued Charles Banks, the financial adviser, for over $1 million, but he remained financially well-off because of the massive chunk of change he earned on the court.

“I’m a loyal guy. I’m a man of my word, and I assumed other people would be that way,” Duncan said. “That’s just not the case in life.”