As one of the greatest point guards of all time, many people want to know how much Chris Paul makes from State Farm. He started his NBA career in 2005, playing for the New Orleans Hornets. He slowly worked his way through different teams over 16 years and is currently working for the Phoenix Suns. Over the years, Chris has signed many deals worth millions.
Chris Paul made around 44 million dollars from his deal with the Phoenix Suns in 2020-21. He also has many endorsements with Air Jordan, Panini, Nike, and State Farm. These deals give him an additional 8 million dollars per year. And this puts his earnings at around 50 million dollars per year. But that excludes his various television and public appearances.
What Does Chris Paul Make from State Farm?
Since 2012, Chris Paul has been appearing for commercials by State Farm. State Farm is an insurance company, and Chris was a part of the Los Angeles Clippers when he signed on with them. Chris has been a constant fixture for State Farm during their many campaigns. And he has acted in over 40 State Farm commercials to date.
Each of his State Farm commercials is said to be more creative than the next! Even though there is no precise estimate of his earnings from State Farm, he earns around 8 million dollars from all of his endorsements combined.
In the latest State Farms commercial of 2021 called “Photoshoot”, Chris Paul appears with Trae Young, the point guard for the Atlanta Hawks, and Jake from State Farm. In the commercial, Chris guides the young Trae about their work off the court, not being easy as it seems. Quite similar to how people assume good insurance isn’t affordable.
What are Chris Paul’s Investments and Endorsements Worth?
Chris is said to have a small investment in the social media automation app Chirpify worth four million dollars. He also has an additional investment in Hyperice, a company manufacturing safety equipment for athletes. It is estimated to be worth around 48 million dollars. His other investments include Beyond Meat and RSPCT.
His endorsements from Spalding, Nike, Beyond Meat, Panini, and State Farm Mutual Auto Insurance make him around eight million dollars. He also has endorsements from brands like Tissot and Air Jordan.
Does Chris Paul Earn Income Elsewhere?
While most of his income comes from playing for the NBA, he does have additional income through his investments and endorsements. A sizeable portion of Chris’s earnings can be attributed to his position as president of the NBA Players Association. His many appearances in events and television have also raked in some additional moolah.
Does Chris Paul Give to Charity?
Chris Paul runs the Chris Paul Family Foundation, also known as the CP3 Foundation. This organization influences families and people in life, sports, and education. And it was started in honor of Chris’s late grandfather in 2005. This is run in collaboration with the Winston-Salem Foundation.
He is also involved in After-School All-Stars, which provides after-school learning programs for children from low-income homes. It is partnered with schools all across America. He works with other organizations, including Girl Up, Make it right, Aid Still Required, and Boys & Girls Clubs of America.
What are Chris Paul’s Assets Worth?
Chris Paul owned two homes in California and LA. He bought his Encino home for 11.1 million dollars for an off-market deal. It is a 2-storied building spanning over 12,000 feet with a five-car garage and separate guest house.
His mansion in LA was on the market for 2.2 million dollars. This Mediterranean-styled house was sold in 2018 for 1.95 million dollars. It had five bedrooms and six bathrooms. Chris also sold a Calabasas estate for 11.05 million and his Bel-Air mansion for 87 million dollars.
Among cars owned by Chris, the most luxurious one is perhaps his 1977 Chevrolet Monte Carlo. Other than that, owns several cars. Among them are a Jeep JKU Wrangler Unlimited and a Range Rover. Being one of the highest-paid athletes sure has its perks.
Over the years, Chris Paul has amassed considerable wealth through his 16-year NBA career. Not to mention his earnings from his various deals and investments with companies.
His estimated worth in the coming year is predicted to increase or even double further to almost 300-400 million dollars. But, being a good soul, he is also invested in several charities. We hope he keeps flourishing in his career and achieving new heights.