Penny Hardaway’s Net Worth: A Slam Dunk Success Story!

penny hardaway net worth

Anfernee “Penny” Hardaway is a former American professional basketball point guard who played for the Phoenix Suns, the New York Knicks, and the Miami Heat. He is best known for his work with Shaquille O’Neal on the Orlando Magic, but he also had a very successful career with the Phoenix Suns, the New York Knicks, and the Miami Heat.

Early Life

He was born in Memphis, Tennessee, on July 18, 1971. Fae Hardaway and Eddie Golden are Hardaway’s parents. He was raised by his maternal grandmother, who gave him the lovely nickname “Penny.” He used to be called “Pretty,” but now she calls him “Penny.”


He went to high school in Memphis and played basketball for Treadwell High School. On average, he scored 36.6 points, got 10.1 rebounds, gave 6.2 assists, stole 3.9 balls, and blocked 2.8 shots.

He had a total of 3,039 points by the end of high school. He went to study more at the University of Memphis.

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What is The Net Worth of Penny Hardaway?

As of 2023, Penny Hardaway is thought to have a net worth of $50 million. As a basketball player and coach, he has made all of his money. He played basketball for 16 years and made more than 0 million.

In 2020, he signed a $12.5 million, five-year deal with the Memphis Tigers.

His first deal was for three years and was worth $4.8 million. His average salary right now is $2.45 million per year.

Penny also owns a barbershop and a beauty salon in downtown Memphis, Tennessee. He also has a Miami-based turf business.

College Career

Hardaway played basketball in college at the University of Memphis, where he majored in Education and got a cumulative GPA of 3.4. Hardaway skipped his senior year to go for the NBA Draft in 1993.

NBA Draft


The Golden State Warriors picked Hardaway with the third pick in the first round of the 1993 NBA Draft. However, he was traded to the Orlando Magic along with three future first-round picks.

About The NBA

Hardaway started his first season as a shooting guard, but it was soon clear that Penny would do better as a point guard, where he could learn from the famous veteran point guard Scott Skiles.

By the middle of the season, Hardaway had taken over for Skiles and was making a big difference on the team and in the league right away.

He won the Most Valuable Player award at the first Schick Rookie Game.

Hardaway helped the Magic, and he was a big reason why they made it to the playoffs for the first time and had their first season with 50 or more wins. Per game, Hardaway scored 16 points, had 6.6 assists, and grabbed 5.4 rebounds.

During that season, he stole 190 bases, which put him sixth in the league. Hardaway made the first team of NBA All-Rookies. He also came in second place for Rookie of the Year, which was won that year by Chris Webber.

The Magic won 57 games during the 1994–1995 NBA season, and Hardaway averaged 20.9 points, 7.2 assists, and 4.4 rebounds. He also kept doing a lot on defense, stealing an average of 1.7 balls per game.


Penny started for the East at the NBA All-Star game that year, and he ended up making the All-NBA First Team. Hardaway became even better known when he and Shaquille O’Neal beat the famous Chicago Bulls team in the second round.

The Magic were led by Hardaway and O’Neal to the NBA Finals, where they were swept by the Houston Rockets. During this series, Hardaway averaged 25.5 points, 4.8 rebounds, and 8 assists. He also shot 50% from the field, even though the team lost, which some might call embarrassing.

The best years of Hardaway’s career were when he played for the Orlando Magic and when he first joined the Phoenix Suns. Early in his career, Hardaway was an All-NBA player. From 2004 to 2006, he played for the New York Knicks.

His last team was the Miami Heat, who let him go on December 12, 2007. Penny agreed in March 2018 to be the coach of the college basketball team Memphis Tigers. Penny coached his son Jayden on the Tigers for a while.

Personal Life:

Penny Hardaway has a son named Jayden and two daughters named LaTanfernee and Laila with his high school girlfriend Latarsha.