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Pat Riley’s Net Worth: How 9 NBA Rings Helped Make Him Rich
AP Photo/Mark J. Terrill

The slicked-back hair, the debonair suits, the touch of Miami sun-baked skin: Pat Riley is hand-made for South Florida.

In the 1970s, he could’ve stood in for Marlon Brando in The Godfather — much to the approval of his nickname. In the ’80s, he would’ve flipped to the other side of the law to ride along with Don Johnson and Philip Michael Thomas in Miami Vice.

Riley is versatile, as displayed by the success he’s had at every stage of his basketball career. Dating back to the mid-1960s, winning has followed Riley wherever he goes.

It has paid dividends.

Playing Career

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Patrick James Riley was born in Rome, New York on March 20, 1945. He starred at Linton High School in Schenectady, New York and chose to play basketball and football at the University of Kentucky.

At UK, the shooting guard was a pivotal part of Adolph Rupp’s squad. During his career, Riley was as good as anyone:

— First-Team All-American – USBWA (1966)

— Third-Team All-American – AP, UPI (1966)

— SEC Player of the Year – AP (1966)

— No. 42 Retired by Kentucky Wildcats

Riley was the seventh-overall pick by the San Diego Rockets in the 1967 NBA Draft. The same year, he was selected as a wide receiver by the Dallas Cowboys in the NFL Draft.

He joined San Diego for three seasons until he was selected by the Portland Trail Blazers in the 1970 NBA expansion draft. He was immediately dealt to the Los Angeles Lakers.

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Riley’s playing days in Los Angeles were highlighted by the 1972 NBA championship. He came off the bench to relieve Jerry West.

The American professional basketball player called it quits after the 1975-76 season with the Phoenix Suns.

Coaching Career

Pat Riley joined the Lakers’ broadcast team following retirement. He later joined Paul Westhead’s coaching staff for the 1979-80 season. Led by a rookie Magic Johnson and legend Kareem Abdul-Jabbar, LA defeated the Philadelphia 76ers to win the NBA title.

Johnson, unhappy with Westhead, requested a trade early in the 1981-82 season. Lakers’ owner Jerry Buss fired Westhead and tried to name Jerry West as head coach. West awkwardly deferred head coaching duties to Riley. Riley was named the interim head coach and eventually obtained permanent status.

The basketball coach ushered in the Showtime Lakers, winning four championships, including two over archrival Boston Celtics, and embracing the Hollywood image.

After Los Angeles, Riley went on to coach the New York Knicks and became one of Michael Jordan and the Chicago Bulls’ most formidable Eastern Conference opponents.

Riley controversially left the Knicks to become head coach and team president of the Miami Heat in 1995. He coached the Heat for eight years before relieving head coaching duties to assistant coach Stan Van Gundy. Van Gundy coached for two seasons and resigned 21 games into the 2005-06 campaign.

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Riley took over his previous position and the superstar duo of Dwyane Wade and Shaquille O’Neal led the Heat to the first championship in franchise history.

Riley retired from coaching following the 2007-08 season and a decorated career:

— 5x NBA Champion

— 3x NBA Coach of the Year

— 9x NBA All-Star Game Head Coach

—Top 10 Coach in NBA History

Executive Career

Riley’s executive career is prided on never tanking and always competing for championships. He built the team he eventually coached to a title, hand-picked Erik Spoelstra as his coaching successor, and won two championships by carefully teaming up Dwyane Wade, LeBron James, and Chris Bosh in the 2010 offseason.

In 2020, he has another NBA Finals team on his hands after wooing Jimmy Butler to South Beach.

Miami’s player development program has been among the league’s best. Bam Adebayo and Tyler Herro were borderline lottery picks. Adebayo became an All-Star in 2020 and Herro is one of the most promising players in the 2019 NBA Draft class.

The Heat have nominally had a general manager in Riley’s front office tenure, but he has the final say on all basketball-related decisions.

The basketball executive was inducted into the Naismith Memorial Basketball Hall of Fame in 2008. He won the NBA Executive of the Year Award in 2011.

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In 25 years under Riley, the Heat have won three championships and only missed the playoffs six times.

Pat Riley Net Worth

According to Celebrity Net Worth, Pat Riley’s estimated net worth is $80 million. It’s no surprise the former coach’s success has inflated his bank account.

The Godfather has a championship standard. No matter the circumstances, he’s going to put a contending team on the court.

MORE: Erik Spoelstra Married a Former Miami Heat Cheerleader

Joe Grobeck About the author:
Joe is a graduate of the University of Nebraska-Lincoln and lives in Austin, Texas. He believes Ndaumkong Suh should've won the 2009 Heisman and is an avid basketball fan.
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