Provided is a wheel bearing apparatus with a generator that can have a simplified structure to reduce costs and is capable of preventing electrolytic corrosion. The wheel bearing apparatus with a generator includes a wheel bearing and a generator. The generator includes a stator attached to a fixed wheel and a motor rotor attached to a rotating wheel and is of an outer-rotor type in which the stator is located on an outer periphery of the wheel bearing, and the motor rotor is located radially outside of the stator. The wheel bearing apparatus with the generator further includes at least one conducting unit that conducts a current between the fixed wheel and the rotating wheel.