Joel Embiid’s Net Worth, Salary & Endorsements in 2023

Joel Embiid is a professional Cameroonian basketball player for the Philadelphia 76ers. 

He played one year of college basketball with the Kansas Jayhawks before he was drafted third overall by the Philadelphia 76ers in the 2014 NBA draft. 

Although several foot and knee injuries delayed his debut for the Philadelphia 76ers for two seasons, Embiid’s journey is marked by his growth and achievements, including his impressive records and net worth. 

In Embiid’s first season, he was named to the NBA All-Rookie First Team despite playing only 31 games.

He has also been named to the NBA All-Star Team five times and four times to the All-NBA Team. 

During the 2021-22 and 2022-23 seasons, this athletic basketball player led the NBA in scoring, becoming the first center to do so since Shaquille O’Neal in 2000. 

He also became the first center to average over 30 points per game since Moses Malone in 1982. 

Undoubtedly, Joel Embiid is a prolific basketball player, and his achievements extend beyond the court. 

This article probes into his financial life, revealing his net worth, salary, endorsements, and more. 

Joel Embiid’s Profile

Joel Embiid’s Net Worth in 2023

Joel Embiid has amassed huge financial wealth over the years, much of which comes from his earnings as a professional basketball player. 

In October 2017, Embiid signed a five-year contract with the 76ers worth over $140 million. 

He reportedly earned close to $26 million in cash in the 2018-19 season and the same amount in the 2019-20 season. 

Aside from his earnings from his contract, Embiid’s income also comes from endorsement deals. 

The basketball star has worked with several brands, including Amazon, Mountain Dew, Hulu, and, currently, Under Armour. 

Considering his basketball earnings and endorsement deals, Joel Embiid’s net worth peaks at a whopping $85 million as of 2023.¹ 

This value is expected to grow significantly as his fame and basketball career reach new heights.

Joel Embiid’s Salary in 2023

Joel Embiid is one of the NBA’s top earners, currently ranking fourth in terms of salary.²

This standing is poised to rise once the 2023-24 season kicks off in October.

Presently, Embiid is signed to a four-year contract with the Philadelphia 76ers valued at $213 million, running from the 2023-24 to the 2026-27 season.

Throughout the upcoming 2023-24 season, Embiid will earn a base salary of $47,607,350, which will increase each season of the contract. 

And the best part? Embiid’s contract is fully guaranteed, meaning he will be paid in full, regardless of whether he sustains any injury or not.

As of the end of the 2022-2023 season, Joel Embiid earned a whopping $147,405,169. 

Looking ahead, he’s projected to earn over $261 million throughout the duration of his current contract. 

Joel Embiid’s Endorsements

Over the years, Embiid has signed endorsement deals and represented various brands, including Electronic Arts, Mountain Dew, Hulu, Amazon, and Fanatics. 

In 2018, he signed his latest deal—a five-year contract with Under Armour, the popular American sports apparel company.

Before signing with Under Armour, Embiid faced the stereotype that big men couldn’t sell or promote shoes. 

Hence, signing a deal with Under Armour meant a lot to him, as it helped him prove the stereotype wrong. 

Beyond that, the deal also earned him his status as the highest-paid NBA center. 

In affiliation with his endorsement deal with Under Armour, he also contributes to charity causes in Philadelphia and his country, Cameroon. 

It’s worth noting that all of his endorsement deals rake in around $6–10 million annually.

Joel Embiid’s Charity Endeavors

Joel is an honorable societal model, not just because of his fame but also because of his charitable endeavors and active role in the fight against social inequality.

Back in Cameroon, Embiid established a foundation to fight poverty, which is led by his parents.

In Philadelphia, the city he holds dear, he has given back generously through several charity donations. 

In 2020, Embiid donated $500,000 to the COVID-19 relief endeavor and made another six-figure donation for antibody tests for healthcare workers.³ 

In March 2021, he supported Philadelphia homeless shelters by pledging to donate $100,000 to aid homeless victims. 

Inspired by Embiid’s actions, the Philadelphia 76ers also pledged $100,000 to the cause.

The financial support from Embiid and the Philadelphia 76ers provided food, COVID-19 vaccines, and clothing items for homeless people in Philadelphia and a special fund for homeless youth.

Facts about Joel Embiid You May Not Know

1. Before relocating to the U.S. to pursue his basketball dream, Embiid trained for pro volleyball and was ready to play in Europe.

2. He had a younger brother Arthur, who died in a car accident in 2014.

3. Embiid won the 2022-23 Kia NBA Most Valuable Player Award.

4. Embiid chose the nickname “The Process” in response to a refrain from 76ers fans during the Sam Hinkie era to “trust the process.”

5. Embiid was discovered by fellow Cameroonian basketball player Luc Mbah a Moute, who invited him to the United States to play basketball.

Joel Embiid’s House and Cars

Embiid lives in a 2,750-square-foot apartment worth $2 million in Philadelphia and drives a Range Rover. 

While he doesn’t spend much on cars, he spends considerably on clothing, footwear, and his parents’ home back in Cameroon.

Frequently Asked Questions

Final Thoughts

Joel Embiid’s net worth currently stands at a whopping $85 million. 

In the years to come, this value will peak even higher. 

The basketball sensation is currently in his prime years, maximizing his talent in the biggest sports platform on earth, the NBA. 

Nothing is stopping him. 

The sky is his stepping stone, and we look forward to more prolific wins, records, and achievements from Joel Embiid and the 76ers.

Featured image: Wikimedia Commons