Mike Budenholzer Net Worth, Salary, Income, Coaching Records

Mike Budenholzer net worth is $30 million. This wealth accumulation is attributed to his successful career as a professional basketball coach, most notably for his tenure with the Milwaukee Bucks, where he led the team to an NBA Championship in 2021.

Updated Mike Budenholzer Net Worth is $30 Million

Quick Introduction About Mike Budenholzer

Full Name	Michael Vincent Budenholzer
Nick Name	Bud
Date of Birth	August 6, 1969
Place of Birth	Holbrook, Arizona, USA
Age	54 (as of 2023)
Gender	Male
Profession	Basketball Coach
Relationship Status	Married
Spouse	Mary Beth Budenholzer
Children	Four children (names not disclosed)
Parents	Vince and Libby Budenholzer
Religion	Not publicly disclosed
Birthplace	Holbrook, Arizona, USA
Nationality	American
Current Residence	Milwaukee, Wisconsin, USA

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Yearly Mike Budenholzer Net Worth Growth Rate

Year	Mike Budenholzer Net Worth
2024	$30 Million
2023	$28 Million
2022	$25 Million
2021	$22 Million
2020	$20 Million

How Did Mike Budenholzer make His Net Worth?

Mike Budenholzer has built up his net worth primarily through his coaching career in the NBA, where he’s earned a steady and impressive income over many years. Here’s a look at the main sources that have contributed to his wealth:

1. Mike Budenholzer Salary from NBA Coaching Contributing to His Net Worth

Head Coaching Jobs

Budenholzer’s biggest earnings have come from his head coaching roles with teams like the Atlanta Hawks and Milwaukee Bucks. Head coaches in the NBA can earn anywhere from $2 million to $10 million or more per year, depending on experience and success.

In 2021, when he won the NBA Championship with the Bucks, he reportedly made about $5 million to $6 million per year. This level of consistent salary from top teams has greatly boosted Mike Budenholzer net worth.

Assistant Coach Role with the San Antonio Spurs

Before becoming a head coach, Budenholzer spent 17 years as an assistant coach with the San Antonio Spurs. Assistant coaches typically earn less than head coaches, with salaries generally in the range of $100,000 to $1 million annually.

While the exact numbers aren’t publicly known, his long tenure there likely provided steady earnings and set the stage for his future head coaching roles.

2. Bonuses and Incentives

Like many NBA coaches, Budenholzer likely received performance-based bonuses. These bonuses can be given for achievements like making the playoffs, winning series, and ultimately, winning the NBA Championship.

For example, winning the championship with the Bucks would have added extra income, as bonuses for winning titles can range from hundreds of thousands to a million dollars or more, depending on the team’s structure and agreements.

3. Endorsements and Partnerships

While Budenholzer isn’t as publicly involved in endorsements as some players, coaches occasionally receive offers from brands, especially after winning titles. These deals can include appearances in commercials or simply promoting products.

Although details are limited, any sponsorships would add extra earnings. However, these amounts are generally smaller compared to what players might receive, likely adding up to tens of thousands annually if pursued.

4. Media Appearances and Commentating (Potential Future Earnings)

Many former coaches turn to media roles, like being analysts or commentators, which can bring in steady income even after their primary coaching career. Though Budenholzer hasn’t retired yet, he could choose to explore this path in the future.

Commentators in sports media can earn from $100,000 to over a million annually, depending on the network and Mike Budenholzer contracts. This could be a future revenue source if he moves into media after coaching.

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Where Did Mike Budenholzer Spend His Net Worth?

There are multiple ways, the Basketball coach spend his income and wealth. Let us have a closer look at his spending ways.

Spending and investments on Real Estate & Houses

Mike Budenholzer’s real estate spending showcases his significant investment in high-end properties, with notable purchases, sales, and rental properties that reflect his taste for luxury and financial strategy. Here’s a closer look at each of his major properties and the expenses associated with them:

1. Okauchee Lake Home (Nashotah, WI)

• Purchase and Amenities: Budenholzer’s lakefront home on Okauchee Lake was a lavish property located on Island View Lane in Nashotah, Wisconsin. The home featured five bedrooms, 6.5 bathrooms, an inground pool, a spa, a Full Swing golf simulator, and a custom wine room.
• Sale: In August 2023, Budenholzer sold the Okauchee Lake property for $7 million to the Island View Revocable Residence Trust. This high-value sale indicates the property’s substantial worth and his potential gain from holding a desirable lakefront residence.

2. Fox Point Home (Fox Point, WI)

• Ownership and Sale: Before selling the Okauchee Lake home, Budenholzer also invested in a property in Fox Point, a suburban area near Milwaukee. This property was sold in 2020 for $3.29 million. The Fox Point home was a premium property that served as another major piece of his real estate spending.
• Upkeep and Related Costs: Properties in Fox Point are generally well-appointed and require substantial spending on upkeep and landscaping. Given the value of the property, Budenholzer likely incurred additional expenses on maintaining its high-end quality, enhancing its appeal for a profitable resale.

3. Downtown Milwaukee Condo (Marine Terminal Lofts Building)

• Purchase and Features: Budenholzer’s investment in downtown Milwaukee included a condo in the Marine Terminal Lofts building, located in the city’s heart. This condo spans 3,043 square feet and features three bedrooms, three full bathrooms, and two underground parking spaces.
• Rental Income: Rather than using it solely for personal residence, Budenholzer rented out this condo for $12,500 per month. This rental rate made it one of the most expensive rental units in Milwaukee, likely attracting tenants looking for luxury accommodations. Through this arrangement, Budenholzer generated a significant income stream while covering the condo’s costs, demonstrating a strategic approach to leveraging real estate for passive income.

Spending on Family and Personal Lifestyle Maintenance

• Education and Family Support: As a father, Budenholzer likely prioritizes his children’s education and well-being. Quality education, especially in private schools or setting up college funds, can be a major expense. Many coaches and high-earning professionals set aside significant funds for these costs, ensuring their children have access to top educational resources.
• Travel and Vacations: While his role as a coach involves extensive travel during the NBA season, Budenholzer may invest in personal travel for leisure with his family. Coaches often use their off-season to relax, and travel to international or luxury destinations can come with high costs, especially when including premium flights and accommodations.
• Luxury Purchases: Budenholzer’s position allows him access to luxury products and services. Though he’s not known for extravagant purchases, he may still spend on high-quality clothing, electronics, and accessories fitting his professional lifestyle. These expenses, while modest relative to Mike Budenholzer net worth, contribute to maintaining a polished image.

Diverse Investment Portfolio of Budenholzer

• Stock Market and Mutual Funds: Beyond real estate, Budenholzer may have a diversified investment portfolio in the stock market, mutual funds, or ETFs. These financial instruments offer the potential for growth and stability, and most high-income individuals work with financial advisors to build a portfolio that aligns with long-term goals. He likely allocates a percentage of his income each year to these investments, providing him with returns that contribute to his overall wealth.
• Retirement Funds: Despite having a lucrative career, NBA coaches face job instability, so Budenholzer has likely set up retirement accounts to secure his future. Contributing to accounts such as IRAs or other pension funds provides long-term stability. With regular contributions, these funds offer financial security for retirement, especially if he chooses to step away from active coaching.

4. Professional Expenses of Budenholzer

• Agent and Management Fees: Professional coaches often have agents or managers who handle Mike Budenholzer contract negotiations, media relations, and public appearances. Budenholzer would pay a percentage of his salary (usually between 3-10%) in agent fees, ensuring he gets the best contracts and representation. These services not only enhance his earning potential but also manage his public image.
• Career Development and Resources: Budenholzer’s role as a coach requires continuous improvement. He may invest in professional development, such as leadership seminars, coaching clinics, or resources like books and subscriptions focused on basketball strategies and team management. These expenses, though relatively small, help him stay competitive and innovative in his field.

5. Spending of Budenholzer on Health and Wellness

• Personal Health and Fitness: With the physically and mentally demanding nature of his job, Budenholzer likely invests in his health. This could include gym memberships, personal training, and wellness programs to maintain his energy and focus.
• Medical and Life Insurance: Like many high-income professionals, he likely allocates funds toward comprehensive health and life insurance. These policies can be costly but offer essential coverage for himself and his family, providing peace of mind and financial security.

Early Life and Coaching Career of Mike Budenholzer

Early Life:

• 1969: Born on August 6 in Holbrook, Arizona, USA.

Education and Early Career:

• 1988-1993: Attended Pomona College in Claremont, California, where he played college basketball. Graduated  in philosophy, economics and politics.

Mike Budenholzer Coaching Career

• 1994: Began his NBA coaching career as a video coordinator for the San Antonio Spurs.
• 1996: Promoted to assistant coach for the San Antonio Spurs under Gregg Popovich.
• 1996-2013: Served as an assistant coach for the Spurs, contributing to four NBA Championships (1999, 2003, 2005, 2007).
• 2013: Hired as the head coach of the Atlanta Hawks.
• 2014-2015: Led the Hawks to a 60-win season and was named NBA Coach of the Year.
• 2018: Appointed as the head coach of the Milwaukee Bucks.
• 2020: Led the Bucks to the best record in the NBA and won his second NBA Coach of the Year award.
• 2021: Coached the Bucks to an NBA Championship, their first since 1971.

Professional Development:

• Throughout Career: Known for his emphasis on teamwork, defense, and efficient offense. Developed a reputation for being a players’ coach and a strategic thinker.

Mike Budenholzer Coaching Experience

Year	Position	Team	Achievements
1996-2013	Assistant Coach	San Antonio Spurs	4× NBA Champion (1999, 2003, 2005, 2007)
2013-2018	Head Coach	Atlanta Hawks	2015 NBA Coach of the Year
2018-Present	Head Coach	Milwaukee Bucks	2021 NBA Champion, 2× NBA Coach of the Year (2015, 2019)

Personal Life of Mike Budenholzer

Mike Budenholzer, a respected figure in the NBA, has a close-knit family that has played a major role in his life. Despite his public career, Mike Budenholzer keeps many details about his family private. However, here’s a detailed look at what’s known about Mike Budenholzer’s wife, Mike Budenholzer’s kids, and Mike Budenholzer’s brother, as well as the challenges they’ve faced together.

Mike Budenholzer Wife and Partner

Mike Budenholzer was previously married to his wife, Mary Beth, though details about their relationship remain limited. Over time, Mike Budenholzer and his wife went separate ways, though they share a strong commitment to their family.

Mary Beth was supportive of Mike’s intense NBA career, understanding the challenges and time commitment it required. As Mike Budenholzer partner, she was often in the background, supporting his career as he rose through the ranks from an assistant coach with the San Antonio Spurs to head coaching roles with the Atlanta Hawks and Milwaukee Bucks.

Mike Budenholzer Kids

Mike Budenholzer has four children, and family is a central part of his life. Known for being a dedicated father, Mike Budenholzer’ kids have been an important support system throughout his coaching journey.

While details about each of Mike Budenholzer kids are not widely shared, it’s known that he has at least one son who has been seen with him during team celebrations.

Mike Budenholzer son and other children were a part of his life’s big moments, including the Bucks’ 2021 NBA Championship win. His family, including his kids, provides him with a sense of stability and encouragement that is crucial in his high-pressure career.

Mike Budenholzer Brother and the Accident

Mike Budenholzer’s family has also experienced tragedy. Mike Budenholzer’s brother passed away in a car accident during the 2023 NBA playoffs. This loss was incredibly difficult for Budenholzer, affecting him deeply both personally and professionally.

Losing his brother in this sudden accident had a significant impact, especially during a critical time in the playoffs.

Mike Budenholzer’s brother was very close to him, and the accident brought a challenging moment in his career. It highlighted the strong family bonds he values and how deeply he cares for his loved ones. Despite the tragedy, Budenholzer continued to coach, showing resilience and dedication to his team, even though he was grieving.

Mike Budenholzer Parents

• Father: Vince Budenholzer
• Mother: Libby Budenholzer

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Physical Statistics of Mike Budenholzer

Attribute	Details
Height	6 feet 3 inches
Weight	180-200 pounds
Build	Medium
Age	55 years (Born August 6, 1969)
Hair Color	Salt-and-pepper
Fitness	Basic routine for health and stamina
Appearance	Professional and seasoned look

Mike Budenholzer Height

Budenholzer is estimated to be around 6 feet tall. While he doesn’t have the towering height of the players he coaches, his stature is solid and fits the profile of many former players and coaches in the league.

Mike Budenholzer Weight and Build

Mike Budenholzer has a medium build, likely weighing between 180 to 200 pounds. His weight fluctuates depending on the demands of the season and his fitness routine. As a coach, he may not train as rigorously as players, but maintaining a healthy weight is essential to keep up with the demanding schedule of an NBA season.

Mike Budenholzer Age and Appearance

Born on August 6, 1969, Budenholzer is currently 55 years old. He has salt-and-pepper hair, a distinguishing feature that’s become iconic as he’s matured in his coaching career.

His appearance reflects his experience and dedication in the basketball world, as he’s known for his intense focus and strategic approach during games.

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Social Media Accounts Mike Budenholzer

Platform	Links
Instagram	Visit Here
Twitter	@BucksCoachBud

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Final Words

Mike Budenholzer’s coaching journey started alongside Gregg Popovich as an assistant with the San Antonio Spurs, where he absorbed wisdom from one of the NBA greats.

 When he took the helm with the Atlanta Hawks, his introduction marked a shift to a dynamic, modern style of play that resonated with fans and led to notable achievements. Upon his arrival in Milwaukee, Bucks supporters welcomed him for his proven ability to build a championship-caliber team, setting high expectations for future success.