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Net Worth
Darius Miles, the former professional basketball player, has a current net worth of $100,000. Despite earning a staggering $66 million in salary throughout his career, Miles faced financial hardships in retirement, ultimately leading to his bankruptcy declaration in 2016. His net worth today is a reflection of his struggles with managing his finances.
Highlights
Darius Miles was a highly talented basketball player who achieved several significant milestones in his career. He was drafted third overall by the Los Angeles Clippers straight out of high school, becoming the first prep-to-pro player to be named NBA All-Rookie in his rookie year. However, his financial struggles have overshadowed these accomplishments.
Early Life
Darius Miles was born on October 4, 1981, in Belleville, Illinois. He grew up in East St. Louis, Illinois, which has been dubbed the murder capital of America. Miles had a challenging upbringing, characterized by violence and danger. He faced numerous dangers, including being shot at and witnessing friends being shot in front of him. Despite these obstacles, Miles excelled in basketball and gained recognition as one of the country’s best high school players.
Career
Darius Miles’ professional career began when he was drafted third overall by the Los Angeles Clippers. He played two seasons with the Clippers, earning accolades such as NBA All-Rookie Team honors. Miles later joined the Cleveland Cavaliers and then the Portland Trail Blazers. However, his career took a significant hit when he suffered a severe knee injury that required microfracture surgery. Although he attempted to make a comeback, he was eventually released by the Trail Blazers.
In subsequent years, Miles had short stints with the Boston Celtics and the Memphis Grizzlies before retiring from professional basketball in 2009.
Personal Life
After facing financial challenges and bankruptcy, Darius Miles made significant changes in his personal life. He relocated to Florida to live near his former teammate, Quentin Richardson, and together, they host a podcast called “Knuckleheads.” The podcast focuses on sports and culture, allowing Miles to share his experiences and insights.
Net Worth Over Time
Darius Miles experienced a significant decline in his net worth over time, despite earning millions of dollars during his career. His bankruptcy in 2016 was a pivotal moment that revealed the extent of his financial difficulties. Although Miles had amassed a fortune from his NBA salary, poor business and real estate deals led to substantial losses.
Components of Net Worth
Several factors contributed to Darius Miles’ net worth over the years. His NBA salary, amounting to $66 million, served as the primary source of his wealth. Additionally, Miles was impacted by the financial consequences of failed business and real estate ventures, resulting in significant losses. While his net worth currently stands at $100,000, it serves as a testament to the challenges of managing large sums of money effectively.
**Note: The information provided in this article is based on public sources and estimates. The accuracy of the figures may vary.