Jerome Kersey net worth in 2024 reflects a remarkable basketball career that spanned over a decade.
Known for his time with the Portland Trail Blazers, Kersey’s wealth also stemmed from endorsements and his post-retirement coaching career.
Let’s dive into his financial journey, his sources of wealth, and a look at his achievements.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Jerome Kersey |
| Popular Name | Jerome Kersey |
| Gender | Male |
| Birth Date | June 26, 1962 |
| Age | 52 (died February 18, 2015) |
| Parents | N/A |
| Siblings | N/A |
| Birthplace | Clarksville, Virginia, USA |
| Nationality | American |
| Ethnicity | African American |
| Education | Longwood University (formerly Longwood College) |
| Marital Status | Married |
| Spouse | Teri Folsom Donnerberg (married in 2013) |
| Children | 4 (1 biological daughter, 3 stepchildren) |
| Dating | Married to Teri Folsom Donnerberg |
| Current Team | Retired |
| Dates Joined | 1984 (drafted by Portland Trail Blazers) |
| NBA Draft | 1984, 2nd Round, 46th overall by Portland |
| Position | Small Forward |
| Net Worth | $5 million (at time of death) |
| Source of Wealth | Basketball salary, endorsements, coaching |
| Height | 6 ft 7 in (2.01 m) |
What is the Net Worth Of Jerome Kersey in 2024?
As of 2024, Jerome Kersey’s net worth is estimated at $5 million.
Throughout his career, Kersey earned a substantial income, not only from his salary playing in the NBA but also from endorsements and his post-retirement ventures, including coaching.
While his net worth is modest compared to other NBA legends, his wealth was still a result of years of hard work on and off the court.
Notable NBA figures related to Jerome Kersey include:
- Clyde Drexler
- Michael Jordan
- Terry Porter
- Kevin Duckworth
- Buck Williams
For more about the top earners in basketball, check out our article on the richest NBA players.
Jerome Kersey Salary, Wealth, and Finance Overview
Salary Throughout His NBA Career
Jerome Kersey had a solid salary throughout his 17-year career in the NBA. Although specific figures for each year are not available, he played for multiple teams including the Portland Trail Blazers, Toronto Raptors, Golden State Warriors, and others.
His largest earnings came from his tenure with the Trail Blazers, where he was a key contributor on the court.
While playing for Portland, Kersey was known for his durability, defensive prowess, and ability to score in the clutch.
These skills helped him secure a starting spot and contribute to a team that was a consistent contender in the NBA playoffs during the late 1980s and early 1990s.
As a veteran player, Jerome’s salary likely increased over time, especially when he moved to other teams toward the latter part of his career.
While exact figures are not readily available, estimates suggest that over his career, he earned millions from his playing contracts.
How He Built His Wealth Beyond Salary
In addition to his NBA salary, Jerome Kersey’s wealth was bolstered by endorsement deals and post-retirement activities.
As a well-known figure in the Portland Trail Blazers’ history, Kersey had the opportunity to partner with various brands.
Endorsements and sponsorships were an essential part of his financial success.
After retiring from playing, he transitioned into coaching, which helped supplement his income.
His leadership roles in various coaching positions after his playing career allowed him to remain involved in the sport while continuing to earn.
Investments and Financial Management
Details about Kersey’s investments or personal financial management are not widely publicized.
However, it’s common for former athletes to invest in businesses, real estate, or even start personal foundations.
Legacy and Financial Influence
After his untimely passing in 2015, Kersey’s legacy continues to influence the basketball community.
His impact on the Portland Trail Blazers, and on basketball culture in general, helped cement his place as a beloved figure in the sport.
Financially, his wealth may have been modest compared to other NBA stars, but his legacy lives on in the players he mentored and the teams he influenced.
Kersey’s income sources, from his NBA salary to coaching roles, showcase how athletes can continue to build their wealth even after retiring from playing.
His diverse career within basketball allowed him to remain financially stable and involved in the sport he loved, even after stepping off the court.
FAQs about Jerome Kersey
What is his cause of death?
He died suddenly on February 18, 2015, at the age of 52. The cause of death was determined to be a blood clot, which led to complications and ultimately his passing.
How did he make his money?
He made his money primarily through his NBA career, including playing contracts and endorsements.
After retiring, he also earned income as a coach and through various community and basketball-related ventures.
What teams did he play for?
He played for several teams in his NBA career, most notably the Portland Trail Blazers.
He also had stints with the Toronto Raptors, Golden State Warriors, Los Angeles Lakers, Seattle SuperSonics, San Antonio Spurs, and Milwaukee Bucks.
Was he married?
Yes, he was married to Teri Folsom Donnerberg in 2013. Together, they raised four children, including Kersey’s biological daughter and Teri’s children from her previous marriage.
How tall was he?
He was 6 ft 7 in (2.01 meters) tall, a height that helped him excel as a small forward in the NBA.
Conclusion
Jerome Kersey’s financial journey is a testament to hard work, resilience, and smart career decisions.
His legacy in basketball, both on and off the court, continues to inspire.
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