Terrence Williams Net Worth 2024: How rich is the disgraced former NBA star?

Former NBA player Terrence Williams has made the headlines for all the wrong reasons lately. Proven guilty of defrauding the NBA healthcare fund off about $4 million, Williams has now been sentenced to 10 years in prison. But exactly how much wealth has Terrence Williams amassed over the years and what is his net worth in 2023?

Williams was drafted in the 2009 NBA draft by the then-New Jersey Nets before the franchise relocated to Brooklyn. He has since played for the Jets, the Houston Rockets, the Sacramento Kings, and the Boston Celtics of the NBA. 

Terrence has also played across different teams in Europe following his NBA career. Back in 2021, Williams along with 15 others were charged with scheming a fraud of about $4 million from the NBA healthcare fund. Now about to face a jail time of 10 years, here’s how much wealth Terrence Williams has added to his net worth over the years.

Also Read: Why did Kobe Bryant never play for any team other than the LA Lakers?

Terrence Williams’ Net Worth 

Former NBA player Terrence Williams has an estimated net worth of about $5 million in 2023. After playing in the NBA, Williams went on to play professionally across different teams in Europe. Although he had earned his fair share of fortune from his professional career, he went on to mastermind a ploy to scheme $4 million worth of funds from the NBA healthcare provisions. 

Contracts and Salary 

Terrence Williams signed his first NBA contract with the then-New Jersey Nets for two years worth $4.27 million. The Nets exercised the $2.4 million team option for the 2011-2012 season in October 2010. 

Williams then played shorter stints with the Houston Rockets, Sacramento Kings, and Boston Celtics until 2013. Terrence also played in Turkey, Puerto Rico, the Philippines, Dominican Republic, Mexico, and Venezuela. 

Terrence Williams’ NBA Healthcare Fund Fraud

Williams has been ordered to pay a fine of over $2.5 million for defrauding the NBA healthcare fund. Terrence was the alleged mastermind behind the entire ploy that involved a dentist in California who aided in forging fake documentation to show as medical expenses. 

Williams will see his overall fortune recede after the recent legal orders and is about to serve 10 years of prison time. 18 others accused alongside Terrence have faced financial penalties, many of whom were recruited by Williams to aid in his scheme. 

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