Angel Reese’s Net Worth and the 4 Businesses She Owns

On March 11, 2026, the Brisbane Bullets posted a photo of Angel Reese to Instagram and announced she had joined their bid for the WNBL’s tenth franchise license. The Bullets are a men’s team in Australia’s National Basketball League, and Reese’s money buys her nothing in that club. Her stake sits entirely in the prospective women’s team, a franchise that does not exist yet and may never be approved.

Read that again. A 23-year-old forward wrote a check into a women’s basketball team that has not been granted a license, in a country she had visited weeks earlier on a Reebok shoe tour.

That’s the tell. Angel Reese’s net worth in 2026 sits somewhere near $7 million by most public estimates, which puts her nowhere near the top of any athlete wealth list. But the number badly undersells what she is actually building, because almost none of the interesting money is in her bank account. It’s in cap tables.

Angel Reese is a two-time WNBA All-Star and Atlanta Dream forward whose 2026 income comes from a $350,692 base salary, a Reebok signature shoe line, roughly 20 brand partnerships, and equity positions in four separate companies across media, soccer, skincare, and Australian basketball.

Last updated: September 2026

Quick answers

What is Angel Reese’s net worth in 2026? Public estimates place Angel Reese’s net worth at roughly $7 million in 2026. No filing confirms the figure, since her holdings are private and her equity stakes are undisclosed. The estimate reflects endorsement income and salary, not the value of her ownership positions.

What businesses does Angel Reese own? Reese holds ownership stakes in four entities: women’s sports media company TOGETHXR, United Soccer League club DC Power FC, skincare brand Topicals, and a prospective WNBL franchise in Brisbane, Australia. She also owns her podcast brand, Unapologetically Angel.

How much does Angel Reese make in the WNBA? Reese’s 2026 base salary with the Atlanta Dream is $350,692, according to Spotrac. That’s about 5% of the league’s $7 million salary cap and well below the 2026 WNBA average of roughly $583,000.

What is Angel Reese’s net worth in 2026?

Most public estimates land near $7 million, and every one of them is a guess. Reese has never disclosed her finances, her equity stakes carry no published valuations, and the endorsement contracts behind the number are private. Treat $7 million as a floor built from visible income, not a verified balance sheet.

The gap between the estimate and reality runs in one direction. Net worth trackers count cash: salary, reported endorsement fees, a shoe royalty. They cannot price a minority stake in a private media company or a founding position in a soccer club, because nobody has marked those to market. So the $7 million figure captures what she has been paid and ignores what she owns.

This is the same accounting problem that makes celebrity wealth lists nearly useless for anyone building something. We ran into it with IShowSpeed’s net worth math and again with Charles Leclerc’s six ventures. The headline number tracks the least interesting part of the portfolio.

What she actually earns from basketball

Reese’s 2026 base salary is $350,692, a figure listed by Spotrac and reset by the league’s revised rookie scale. The prior season she made roughly $75,000. The jump is close to fivefold, and it still leaves her earning less than the WNBA’s 2026 average salary of about $583,000.

The Chicago Sky drafted her seventh overall in 2024 on a four-year rookie-scale deal originally worth $324,383 in total. Atlanta acquired her for first-round picks in 2027 and 2028 and picked up her fourth-year option. Her 2027 team option pays $396,282, unless she earns All-WNBA honors, which would make her eligible for a maximum contract worth up to $1.4 million.

Even at the max, basketball would produce less than 15% of what a strong endorsement year delivers. Her salary consumes 5% of Atlanta’s $7 million cap. She is, in financial terms, a cheap roster line attached to a large independent business.

That inversion drives everything else in this article. When the day job pays a fraction of the side income, the side income stops being a side.

The rookie-scale jump also explains the timing of her deal flow. Reese signed her Chicago contract in 2024, when her basketball income sat near $75,000 and her Reebok relationship was already worth multiples of it. She had bargaining power and no liquidity from the league. Athletes in that position typically take cash: appearance fees, licensing checks, one-off campaign money. Reese took board seats instead, starting with DC Power FC the month after the draft.

Nothing about the WNBA’s economics made that comfortable. The 2026 minimum salary sits between $270,000 and $300,000 depending on service time, and the entire league cap is $7 million per team, roughly what a single mid-tier NBA player earns. There is no version of a WNBA career that funds a portfolio. The portfolio has to fund itself.

What businesses does Angel Reese own?

Reese holds equity in four entities, acquired in a tight sequence between May 2024 and March 2026. Three sit in women’s sports. One sits in beauty. None has a disclosed stake size.

The pattern is legible. Reese buys into infrastructure for women’s sports and into brands whose customers look like her audience. She has not bought a restaurant group, a tequila label, or any of the standard athlete vanity plays. Her positions cluster.

The TOGETHXR stake is a merch business, not a media one

TOGETHXR has generated more than $6 million in revenue from its trademarked “Everyone Watches Women’s Sports” product line, a figure the company stated in its own September 2025 announcement of Reese joining the ownership group. That single line reframes the whole company.

TOGETHXR calls itself a media and commerce company. The revenue disclosure says the commerce half is carrying the weight. Four athletes founded it in 2021 with sports media veteran Jessica Robertson: Alex Morgan, Sue Bird, Simone Manuel, and Chloe Kim. It produces documentaries and podcasts that stream on Amazon Prime and FuboTV. But the money the company chose to publicize came from t-shirts and hats.

Reese understood the assignment. Her arrival shipped with a limited-edition Angel x TOGETHXR jersey, sold through her own site. She didn’t join a content platform. She joined a merchandising engine and immediately added a product line to it.

“This year was about ownership, not just participation,” Reese said of the move. Michelle Wie West had joined as an investor four months earlier, in May 2025.

One investor connects two of her four deals

Jason Levien appears in both of Reese’s team ownership positions, which means half her equity portfolio came from one relationship rather than four separate pitches.

Levien is the CEO and co-chair of D.C. United. When DC Power FC named Reese its first individual owner in May 2024, Levien framed it in the announcement as a boardroom relationship: “We’re looking forward to her partnership in the boardroom as an equity partner.” Twenty-two months later, the Brisbane Bullets announced that Reese had joined a prospective ownership group “spearheaded by experienced sports investor and Bullets owner Jason Levien,” alongside Brisbane local Ben Haan.

Nobody writing about Reese’s portfolio has connected those two announcements. They should. It changes the read.

Four ownership stakes across three continents looks like an athlete with a busy family office fielding inbound deals. Two stakes from one operator, plus a beauty angel check and a media position she was recruited into, looks like something more ordinary and more instructive: a first deal that worked, and a partner who kept calling. The second Levien deal did not require Reese to source anything. It required her to have been good in the boardroom the first time.

Bullets CEO Malcolm Watts described her role in ambassador terms. “Basketball is Queensland’s fastest growing sport, and having Angel involved as we pursue a WNBL team is a huge asset.” That’s the trade. She supplies distribution and credibility to a license application. The group supplies the deal.

Look at what she did not buy. The Bullets confirmed her involvement “does not include any stake in the existing NBL team.” She passed on the profitable men’s franchise to fund a women’s team that has no license, no roster, and no revenue. Several outlets have miscategorized DC Power FC as an NWSL club, which it isn’t. It plays in the USL Super League, one of eight founding teams that launched in August 2024.

The same logic shows up across the sport. We covered it in why athletes are buying teams instead of signing endorsement deals, and the reverse trade appears in investing in athletes’ future earnings.

The Topicals check bought more than shares

Reese’s January 2026 investment helped push Topicals past $22.6 million in total funding, and founder Olamide Olowe was explicit that she recruited cultural operators because institutional capital had pulled back.

Olowe founded Topicals in 2020 to treat textured skin and chronic skin conditions. The brand closed 2024 as one of Sephora’s fastest-growing skincare lines. The 2026 round brought in Reese, Nigerian musician Rema, and Davido’s manager Asika. Rema also signed on as a creative partner focused on reaching younger male customers, according to Black Enterprise.

The structure matters more than the amount, which was never disclosed. Olowe wasn’t raising a growth round from a fund. She was assembling a cap table of people who could move product through attention. That’s a different instrument wearing the same paperwork, and it’s the mechanism behind athlete investing collectives pushing for seats on cap tables.

For a founder, the lesson cuts both ways. Cultural investors can compress your customer acquisition timeline. They can also expect the relationship to be reciprocal, which means the check comes with an implied marketing obligation on your side too.

The Reebok deal is the engine that funds everything

The Reebok Angel Reese 1 launched on September 18 at $120 and sold out all three colorways within hours, making Reese one of only six active WNBA players with a signature shoe.

Reebok did something unusual at launch. Instead of the standard single-colorway debut, it shipped three at once: “Diamond Dust,” “Mebounds,” and “Receipts Ready.” All three cleared. “Taking a leap of faith and launching three of my signature shoes at once was a huge risk, but guess what? They all sold out,” Reese said.

Through 2026 the line has kept releasing: a Baltimore-inspired “Charm City” makeup, a Valentine’s “Mauve Reign,” a “Navy Halo” on March 13, and “Unapologetically Angel” on March 27. Each drop is a fresh inventory cycle rather than a one-time promotional moment.

Then the flywheel closed. Reese’s Australia trip to unveil new Angel Reese 1 colorways coincided with Reebok announcing its official footwear partnership with the WNBL for the 2027 season. Days later, she joined the Brisbane WNBL bid. The shoe tour, the league partnership, and the ownership stake all landed in the same window, in the same country.

Her other partnerships run wide: Airbnb, Beats by Dre, Goldman Sachs, Hershey’s, McDonald’s, Cash App, and Victoria’s Secret. She hosts Unapologetically Angel, which premiered September 5, 2024 on Playmaker and Shaquille O’Neal’s Big Podcast Network and was named a Spotify Best New Show. She made her acting debut in the Netflix film A House of Dynamite and joined the cast of The Hunting Wives season two. In 2023 she founded the Angel C. Reese Foundation.

What operators can copy from her structure

The transferable move is not “buy equity instead of taking cash.” It’s that Reese converted a single working board relationship into a second deal on another continent, and let one commercial partner underwrite the credibility for both.

Three things to take from it:

Treat your first cap table as a distribution channel. Reese’s Brisbane position exists because the DC Power FC boardroom worked. Founders raise a round, close it, and then start the next raise from scratch with a new list. The people already on your cap table have seen you operate. That’s the warmest list you will ever have.

Concentrate the thesis. Every Reese position sits in women’s sports infrastructure or in brands serving her exact audience. Concentration is what turns a portfolio into a reputation, and reputation is what generates inbound. A scattered portfolio generates nothing but a spreadsheet.

Separate the cash engine from the equity plays. Reebok and the roughly 20 brand deals fund the checks. The stakes in TOGETHXR, Topicals, DC Power FC, and the Brisbane bid are illiquid, undisclosed, and possibly worthless. Reese is not betting on any single one. She is running the same structure that Cole Palmer used with his ice brand and that Kai Cenat built into Streamer University: a reliable income line paying for a portfolio of asymmetric options.

The risk is real and worth naming. Three of Reese’s four positions depend on women’s sports continuing to grow at its current rate, which makes her portfolio correlated in a way a diversified one would not be. The Brisbane bid may lose. USL Super League clubs are young enough that no exit comps exist. TOGETHXR’s $6 million in slogan revenue is impressive for a five-year-old company and small next to the media valuations its category talks about. Reese also lacks the one thing that usually protects a concentrated position, which is control. She is a minority holder in every deal.

Set against that, she is 23, her endorsement income covers her life several times over, and illiquid bets made at that age have twenty years to resolve. Concentration plus time is a defensible posture. Concentration plus a short runway is not, and that distinction is what separates her structure from a founder putting personal savings into three companies in the same vertical.

The $7 million figure will be wrong within a year, in one direction or the other. That’s the point. Angel Reese’s net worth is a snapshot of what she has already been paid, and the only interesting question is what the four cap tables do next.