Penny Hardaway Net Worth – American Basketball Player with Fantastic Wealth

Retirement is indeed not a big problem for this American-blooded man. Even at the half a century age, Penny Hardaway net worth reaps admiration.

Based on various aspects such as assets, income, and so on, Wealthy Persons estimates Penny Hardaway net worth at $60 million.

Even after deciding to retire in 2008, he still has a place in the basketball world to this day. The following is the journey of his career.


1 Stage Name: Penny Hardaway
2 Legal Name: Afternee Deon Hardaway
3 Date of Birth: July 18th, 1971
4 Gender: Male
5 Height: 6 ft 7 in (2.01 m)
6 Net Worth: $60 million
7 Income per year: $2.45 million
8 Profession: Former NBA basketball player, American college basketball coach
9 Nationality: United State of America

Who is Penny Hardaway?

vox-cdn.comPenny Hardaway is a retired NBA Basketball Player who is currently pursuing a career as a businessman and coach at Memphis College.

He is known as one of the wealthy basketball athletes because Penny Hardaway net worth is around $60 million.

  • Born with the name of Anfernee Deon Hardaway, he is then familiar with Penny Hardaway. The stage name was a nickname since childhood. His grandmother used to call Hardaway “pretty”, but it sounded like “penny” if using a southern drawl.
  • Date of Birth. July 18th, 1971
  • A male, and he is about 6 feet 7 inches (201 cm)
  • He is an American

Together with Shaquille O’Neal on the Orlando Magic, Penny Hardaway made an extraordinary contribution during his time as an NBA basketball player.

In addition, he also became a figure who had a brilliant career playing for the Miami Heat, The New York Knicks, and the Phoenix Suns.

Early Life of Penny Hardaway

penny hardaway net worth

Anfernee Deon ‘Penny’ Hardaway is the son of Fae Hardaway and Eddie Golden. However, as a child, he was mostly with his grandmother, Louise.

Penny Hardaway was born on July 18, 1971, in Memphis, Tennessee. He grew up in the Binghampton neighborhood.

Basketball was actually not his dream at first since he prefers being a football player.

However, on the advice of his grandmother, Penny Hardaway finally chose a career in the world which eventually made his name.

While being in high school, Penny also played basketball. With a spectacular career, he finally continued to the college level.

Year after year became a moment of achievement for him. Until 2008, he finally decided to retire and turn into a coach.


  • Treadwell High School, Memphis
  • University of Memphis

Personal Life

Apart from Penny Hardaway net worth, the discussion about personal life is no less interesting. He is currently the husband of Mary McDonnell.

Then, they get a son named Jaden. Their child also followed in the footsteps of Penny as a basketball player.

Nevertheless, Penny was actually three children. Layla and LaTanfernee Hardaway are the daughters of her former high school sweetheart, Latarsha.

Penny Hardaway’s Career

Penny Hardaway started her career as a basketball player when she was still studying at Treadwell High School, Memphis.

Because of his prowess, he was named National High School Player of the Year by Parade Magazine.

Penny went on his career at the college level while studying at Memphis State University. However, he had a lot of trouble in the beginning.

He had experienced a robbery that left his leg injured by a bullet in 1990. His career was threatened, but he finally returned to competing in 1992.

After spending several years in college, he finally started his career in the NBA in 1993. Year after year, he had brilliant times despite the ups and downs that came up.

During the 1997-98 seasons, this basketball player suffered a serious injury that forced him to rest.

Penny finally retired in 2007. After that, he started coaching career in 2011 and continues to this day.

Apart from basketball, Penny played in television shows and films. He also runs various businesses mostly related to sports.

Penny Hardaway Net worth

Penny Hardaway net worth is $60 million in the estimation.

In addition to a career in basketball, Penny Hardaway net worth also comes from several businesses.

Here are some of them:

  • Beauty salon and barbershop in downtown Memphis
  • Turf business in Miami
  • ‘Lil Penny’ shoe line (in collaboration with Nike)
  • Memphis Grizzlies

Real Estate

One of the investments that support Penny Hardaway net worth is ownership of a Pinecrest mansion.

The area reaches 8,639 square feet with luxurious facilities inside.

How much Penny Hardaway make per year?

During his 16 seasons as a basketball player, Hardaway earned an estimated $120 million. He has also received endorsements with an estimated value of approximately $20 million.

In 2020, Hardaway signed a five-year contract extension as Memphis Tiger College coach. The value is said to be $12.25 million.

Thus, the annual income is approximately $2.45 million. That number does not include those from other businesses.

How does Penny Hardaway Make Money?

Being a professional basketball player has made Penny Hardaway net worth increase drastically.

In total, he has competed in a 16-season career with a nominal value of approximately $120 million.

In addition, he has a salon and barbershop business in Memphis.

Another business is turf which whose base is in Miami. Moreover, involvement in Nike series, films, and commercials has contributed to Penny Hardaway net worth.

He is currently a basketball coach at Memphis Tiger College on a five-year contract that ends in 2025/2026.

Meanwhile, like Michael Jordan, he also runs a successful shoe line. Collaborating with Nike, his classic design is still a target to this day.

Is Penny Hardaway Retired?

While competing in the 1997-98 NBA season, Penny Hardaway suffered a severe injury to the right knee.

He had to undergo surgery and rest to recover.

He did return to action in the 1999 season, but the injury has changed a lot of things for him. But Hardaway continued to compete until several years later.

After those spectacular careers, Penny Hardaway decided to retire in 2008. He just joined the Miami Heat in 2007.

Talking about work, Penny Hardaway has been head coach of the Memphis Tiger college basketball team since March 2018.

In 2020, he again signed a five-year contract extension for $12.25 million. Besides, he runs some businesses which boost Penny Hardaway net worth.

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