What is Paolo Banchero Net Worth as of 2023?

Paolo Banchero’s full name is Paolo Napoleon James Banchero. Born on 12 November 2002, he is an American-Italian basketball player for the Orlando Magic in the NBA. Paolo is a gifted athlete who showed his capabilities from an early age by playing basketball and American football. He has also actively participated in track in his early days.

After completing his freshman season Banchero got selected as the first overall pick by the Orlando Magic in the 2022 NBA draft.

He was one of the top players in the 2022 class and a 5 star recruit. He made his summer league debut on July 7, 2022 against the Houston Rockets scoring 17 points, 4 rebounds and 6 assists in a 91-77 win. Before joining the Magic, he received offers from top NCAA division one programs including Duke and Kentucky. Most recruiting analysts predicted that he would commit to Washington as both his parents attended the University of Washington. On 20 August 2020, Banchero decided to play basketball for Duke. In 2022 he was named the ACC rookie of the year.

Banchero grew up playing basketball at Rotary Boys Club of Seattle. In the year 2000 Banchero’s mother was the third-round selection in the WNBA draft and played basketball professionally. He was ranked amongst the top 50 in the 8th graders nationally playing both basketball and football.

How Much is Paolo Banchero Net Worth in 2023?

Paolo Banchero’s net worth in 2023 is $2 million. He was the first pick last year and was the 46th best paid player in the NBA. He is making five percent more than in the 2022/23 season. He has an annual salary of $12.5 million. Banchero signed a 4 year $50 million contract including $50 million guaranteed. In his first season in the NBA Banchero earned a base salary of $11 million.

Weighing at 250 lbs he is a 6 ft 10 small forward from Seattle, Washington. Banchero’s father is Italian making him eligible to play for the Italy National Basketball team and he has also shown interest in playing for Italy in international competitions. He was selected to the country’s 24-man squad for the Euro basket qualification games in November of 2022.

He made his regular season debut for the Orlando Magic on 19 October 2022 against the Detroit Pistons. He scored 27 points, 9 rebounds, 5 assists and 2 blocks in a 113-109 loss. He has set many records since his joining. He became the second Italian player to be the first pick in the draft and first since Lebron James to put up at least 25 points, 5 rebounds and 5 assists in an NBA debut. Later that year he also got named the NBA Rookie of the year making him the first Italian player to win the award in his rookie season.

Paolo Banchero Salary

Paolo Banchero’s salary is $11,608,080 in the 2023/24 season. This is his first contract playing for the Orlando Magic in the NBA. He signed his 4 year contract with the team after being drafted as the first overall pick in the 2022 NBA draft. His base salary for the first season was $ 11,055,120. He is currently the 5th best paid player in the Magic.

Paolo Banchero Endorsements

Paolo Banchero signed an endorsement contract with 2k Sports playing in college making him the first college player to appear in any NBA video game. The deal came after legislation. Enabled college athletes to profit off their name, image and likeness. In 2022 before his rookie debut Banchero also signed a shoe deal with Nike’s Jordan Brand.

Paolo Banchero Investments

There is no data available about the youngsters' investments yet.

Paolo Banchero Other Sources of Income

There is no information available about Banchero’s other sources of income apart from his contract and team salary. Financial numbers from his endorsement deals are also unavailable.

Paolo Banchero House

Paolo has a house in Washington, United States. He has a training area, spa, gym and all the modern amenities.

Paolo Banchero Car

There is not much information available about the vehicles he owns but Paolo drives a Cadillac.

Paolo Banchero Charity Work

Information on Banchero’s charity work and philanthropy is not accessible but he is said to conduct charitable work away from the spotlight. He cares for the underprivileged kids but does not want to make his actions known as some may take it as a publicity stunt.