Steve Kerr, the renowned head coach of the Golden State Warriors, has made a significant mark in the NBA, not just through his coaching prowess but also as a celebrated player. Since assuming the role at the helm of the Dubs in the 2014-15 season, Kerr has been instrumental in guiding the Bay Area team to four NBA championships, cementing their status as a modern-day dynasty.
His remarkable success has not gone unnoticed. In 2021, during the NBA's 75th Anniversary, Kerr was rightfully acknowledged as one of the Top 15 Coaches in NBA History. This accolade was a testament to his exceptional skills and leadership, further emphasized by his recognition as the NBA Coach of the Year in 2016.
Kerr also had the honor of coaching the Western Conference All-Stars in the NBA All-Star Games of 2015 and 2017, adding to his list of impressive achievements. Before embarking on his coaching journey, Kerr had an illustrious 15-season career as a player in the NBA, starting in 1988 and concluding in 2003.
Known for his sharpshooting abilities as a point guard, he played for several teams including the Phoenix Suns, Cleveland Cavaliers, Orlando Magic, Chicago Bulls, Portland Trail Blazers, and had two stints with the San Antonio Spurs.
Notably, Kerr was a vital part of the Chicago Bulls teams led by Michael Jordan, contributing to their three-peat championship run from 1996 to 1998. He continued his winning streak with the Spurs, clinching titles in 1999 and 2003.
Kerr's 2023 Fortune
As of 2023, Steve Kerr's net worth is estimated at $45 million, a figure corroborated by various reputable sources such as Celebrity Net Worth, Sportskeeda, and Media Referee. The ongoing 2023-24 NBA season marks the final year of Kerr's current contract with the Warriors, with an impressive salary of $9.5 million for the season.
Initially, Kerr's annual salary with the Warriors was around $5 million, but with the recent trend of record-breaking coaching deals in the NBA, it is anticipated that his future contracts will see a significant increase.
Kerr's financial portfolio extends beyond his coaching income. During his playing career, he earned a total of $15,905,000 in salary, as reported by Spotrac. This amount does not include earnings from endorsement deals and is after deductions for agent fees, taxes, and other expenses.
His earnings in his first ten seasons were less than $800,000 each year, suggesting that the bulk of his wealth was accumulated post-retirement. After hanging up his jersey in 2003, Kerr ventured into broadcasting with TNT and also became a minority owner of the Phoenix Suns.
He later served as the general manager of the Suns from 2007 to 2010, before returning to broadcasting and eventually taking the coaching position with the Warriors in 2014. In 2023, Kerr expanded his investment horizons by acquiring a minority stake in RCD Mallorca, a professional football club in Spain's La Liga.
Kerr's journey from a player to a coach and an investor showcases a trajectory of continual growth and success, both on and off the court. As he leads the Warriors through another season, his story remains an inspiring testament to hard work, dedication, and strategic acumen.