Yao Ming is a 42 years old professional basketball player from Shanghai, China, who retired in 2011 at the age of 30. He was selected to eight All-Star teams and was named to the All-NBA Team five times. He is now the president of the Chinese Basketball Association. As of 2022, Yao Ming has an estimated net worth of $175 million. Here’s a look at how the retired NBA star made his fortune.
Yao was the first overall pick in the 2002 NBA draft by the Houston Rockets. He played for the Rockets for his entire eight-year NBA career, earning a base salary of $17.7 million in his final season.
Yao’s endorsement deals helped him to become one of the wealthiest athletes in the world. He had deals with companies such as Adidas, Reebok, Apple, Visa, and McDonald’s. In 2005, he signed a five-year, $80 million contract with Reebok.
After he retired from the NBA in 2011, Yao started investing in startups. He’s invested in companies such as TAL Education Group, a Chinese tutoring company, and Ele. me, a food delivery service.
Yao has also worked as a television commentator for the NBA. In 2016, he became the first inductee outside the United States to be inducted into the Naismith Memorial Basketball Hall of Fame.
Yao Ming Net Worth
Yao Ming is a former basketball player and is currently the president of the Chinese Basketball Association. The retired NBA star has amassed his fortune through his successful basketball career, endorsement deals, and investments.
Ming is from Shanghai and started playing for the Shanghai Sharks as a teenager. He signed with the Rockets in 2002 and became the first draft pick in the 2002 NBA draft.
He made his name in the NBA Rookie of the Year in his first season and was an All-Star in each of his eight NBA seasons.
Injuries plagued Ming’s career, and he missed significant time in several seasons, including the entire 2009–10 season. After the 2010–11 season, in which Ming played only five games, he announced his retirement from professional basketball due to a series of ankle and foot injuries that plagued him throughout his career. Ming averaged 19.0 points and 9.2 rebounds per game in eight seasons with the Rockets.
Yao Ming has an estimated net worth of $175 million. He has endorsements with companies such as Nike, McDonald’s, and Reebok and has done work as a pitchman for products such as Visa, Pepsi, and Gatorade. He has also been philanthropic, donating money to various charities and causes.
Yao Ming was born on September 12, 1980, in Shanghai, China, to Yao Zhi, a 6-foot-7-inch former professional basketball player, and Fang Fengdi, a 6-foot-3-inch former volleyball player. Yao was the middle child of three, with an older sister who was 6 feet 1 inch and a younger brother who was 6 feet 7 inches. In 1987, when Yao was eight years old, he started playing basketball. By age 12, he was already 6 feet 5 inches tall. In 1996, Yao enrolled in the Shanghai Sports Institute, where he was quickly recruited by the Shanghai Sharks, the city’s professional basketball team.
Yao made his debut with the Sharks in the Chinese Basketball Association (CBA) during the 1997-1998 season. At just 18 years old, he was already the tallest player in the league. Yao quickly became a dominant force in the CBA, leading the Sharks to the CBA championship in his second season. In 2002, the Houston Rockets selected Yao as the first overall pick in the NBA Draft.
During his rookie season in the NBA, Yao averaged 13 points and eight rebounds per game. He made his name in the NBA All-Rookie Team and was selected for the 2003 NBA All-Star Game, becoming the first rookie ever to start in an All-Star Game. Yao’s stellar play continued in his second season when he averaged 17 points and nine rebounds per game. In the 2006-2007 season, Yao averaged 25 points and nine rebounds per game. But he was forced to miss the final 32 games of the season and the playoffs due to a stress fracture in his left foot.
When Yao Ming announced his retirement from the NBA in July 2011, it ended one of the most successful – and unlikely – careers in league history.
The 7-foot-6 Yao was the No. 1 overall pick by the Houston Rockets in the 2002 NBA Draft, and he quickly became one of the most dominant big men in the game. He was an eight-time All-Star and made his name in the All-NBA Team five times.
But Yao’s career was cut short by injuries, as he played in just 491 games over eight seasons. He missed the entire 2009-10 season due to a foot injury, and he played in just five games in his final season before retiring.
Despite his abbreviated career, Yao left a lasting impact on basketball. He was a trailblazer for Asian players in the NBA and helped popularize the game in China.
Yao’s impact was felt far beyond the basketball court. He was a global ambassador for the game of basketball and used his platform to promote social causes. He was an advocate for animal rights, and he spoke out against human rights abuses in China.
People will remember Yao’s legacy long after his retirement. He was a true pioneer, and his impact on the game of basketball will stay for years.
Who is the richest basketball player of all time?
Basketball is a sport that has produced some of the wealthiest athletes in the world. Michael Jordan is the richest basketball player of all time.
Jordan’s net worth is around $1.9 billion, primarily thanks to his successful career in the NBA and numerous endorsement deals. He is also the majority owner of the Charlotte Hornets.
Yao’s career ended prematurely due to a series of foot and ankle injuries that caused him to miss 250 games over his final six seasons. In eight of his nine seasons in the NBA, Yao ranked in the league’s top ten in player efficiency rating (PER). He was one of the highest-paid athletes in the world, with endorsements that made him the first non-American citizen in history to be featured on the cover of Time magazine.
Jordan’s wealth is far greater than any other basketball player, past or present. Kobe Bryant is the second-richest player, worth an estimated $500 million. LeBron James is also among the wealthiest players in the sport, with a net worth of $400 million.
Why is Yao Ming so rich?
Yao Ming is one of the wealthiest athletes in the world. He is currently the president of the Chinese Basketball Association (CBA).
Yao Ming’s net worth is estimated at $175 million. He has earned his fortune through his successful basketball career, endorsement deals, and various business ventures.
Yao Ming was born in Shanghai, China, in 1980. He began playing basketball at age nine and soon showed great promise as a player.
What was Yao Ming’s salary?
Yao Ming, who retired from the NBA in 2011, was one of the highest-paid players in the league during his career. In his final season with the Houston Rockets, Yao earned a salary of $93,390,336 for nine seasons. That was the second-highest salary in the NBA that year, behind only Kobe Bryant of the Los Angeles Lakers.
Yao’s earnings were a testament to his status as one of the best players in the world. The 7-foot-6 center from China was a two-time All-Star and a member of the All-NBA team five times. (zolpidem order india) Yao was the top overall pick in the 2002 NBA Draft and quickly became one of the most popular players in the league.
During his nine-year NBA career, Yao earned a $127 million salary. That doesn’t include the millions more he made in endorsements and other earnings.
FAQs on Yao Ming Net Worth
How did Yao Ming make his money?
Yao Ming was a professional basketball player from the National Basketball Association (NBA). In addition to his earnings from his basketball career, Yao has also made money through endorsement deals with companies like Adidas, Apple, McDonald’s, and Reebok. He has also been a spokesperson for the Chinese government and appeared in several Chinese films.
Why is Yao Ming so famous?
Yao’s popularity in China helped him become one of the first international players to achieve star status in the NBA. He made his name in the All-NBA Team five times in his eight-year career. Yao’s career was cut short by a series of leg injuries, which caused him to retire in 2011.