Dwyane Wade Net Worth 2022 (Forbes) – Salary, Income, Earnings

Dwyane Wade Net Worth 

Dwyane Wade has an estimated net worth of $170 million. Former pro basketball player Dwyane Wade starred for the Miami Heat for most of his 16 NBA seasons, earning 13 All-Star selections and winning three titles. He earns most of his income from his career as a basketball player. 

Dwyane Wade was born in Chicago, Illinois in 1982 and attended Marquette University before joining the NBA’s Miami Heat in 2003. He rose to prominence as “D-Wade” or “Flash,” and led the Miami Heat to championships in 2006, 2012, and 2013. Wade returned to Miami after late-career stints with the Chicago Bulls and Cleveland Cavaliers, and retired in 2019 as the team’s all-time leader in numerous categories.

To calculate the net worth of Dwyane Wade, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Dwyane Wade
Net Worth: $170 Million
Monthly Income: $1 Million
Annual Salary: $20 Million
Source of Wealth: Basketball player

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Early Life

Dwyane Tryone Wade Jr., a former professional basketball player known as “D-Wade” or “Flash,” was born on January 17, 1982, in Chicago, Illinois. Wade’s parents divorced shortly after his birth, and his mother, Jolinda, was given custody of the two younger children, Wade and his 5-year-old sister, Tragil. The family struggled financially and was eventually forced to rely on government assistance.

Wade’s life changed when, at the age of eight, he was duped by his sister; Tragil told him they were going to the movies, but they instead went to a different South Side neighborhood. Tragil then returned home, leaving Wade to live with his remarried father. Wade’s life was altered by the move, which took him away from the crime-ridden surroundings of his childhood.

Wade’s father relocated the family to Robbins, Illinois, a south Chicago suburb, a year later. Wade’s new surroundings enabled him to play basketball outside with his stepbrothers, new friends, and his father, who coached part-time at a local recreation center. Wade attended Harold L. Richards High School in Oak Lawn, where his older stepbrother Demetrius had already established himself as the basketball team’s star.

Despite his initial success as a wide receiver on the football team, Wade worked hard during his junior year to earn varsity basketball playing time. Wade emerged as the basketball team’s new star after improving his ball-handling skills and outside game, as well as shooting up by nearly four inches—to more than 6 feet tall. He made a name for himself in Chicago during his junior year, averaging 20.7 points and 7.6 rebounds per game.

His success carried over into his senior year, when he averaged 27 points and 11 rebounds per game. However, because of his poor academic performance, he was only recruited by three college basketball programs. Wade has stated that one of the most positive influences in his life at the time was his high school coach, Jack Fitzgerald.

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College Basketball Career

Wade chose Marquette University in Milwaukee, Wisconsin as his college of choice. Despite the fact that he was ineligible to play due to poor academic performance, head coach Tom Crean accepted him as a partial qualifier. This meant that, despite having to miss the 2000-01 season, Wade was still permitted to attend school and practice with the team. He emerged in his sophomore year with an average of 17.8 points, 6.6 rebounds, and 3.4 assists per game after taking the time to further develop his skills. That season, the team went 26-7.

Wade led Marquette to its first Conference USA championship as a junior, as well as a spot in the NCAA tournament’s Final Four for the first time since 1977. As the team’s leading scorer, he averaged 21.5 points per game.

Wade recorded the fourth triple-double in NCAA tournament history in the 2003 Midwest Regional Final. His 29 points, 11 rebounds, and 11 assists against the top-seeded Kentucky Wildcats were widely publicized. Wade was even named the Midwest Regional Final MVP. Unfortunately, his success came to an end in the Final Four, when he was defeated by the Kansas Jayhawks, 94-61.

NBA Career

Wade decided to forego his senior year and enter the 2003 NBA draft due to his newfound fame and success. The Miami Heat selected him with the fifth overall pick.

Wade’s rookie season with the Heat was memorable, as he averaged 16.2 points, 4.5 assists, and 4.0 rebounds per game, earning unanimous selection to the NBA All-Rookie team in 2004. Wade’s numbers increased even more after Shaquille O’Neal was traded to the Heat, with new averages of 24.1 points and 6.8 assists per game.

First Championship

Wade delivered an outstanding performance in the NBA Finals against the Dallas Mavericks in 2006. He scored 42 points and grabbed 13 rebounds in the third game of the Finals, helping the Heat defeat the Mavericks 98-96. His 36 points, 10 rebounds, and five assists in the decisive sixth game earned him the NBA Finals MVP award.

Wade returned to the Heat for another strong season in 2008, arguably his best with the team, following a series of operations to repair shoulder and knee injuries. He won his first NBA scoring title by averaging 30.2 points per game.

The Big Three

Wade became a free agent for the first time in 2010, but re-signed with the Heat and returned to the court alongside two new All-Stars, LeBron James and Chris Bosh. The superstar trio known as the “Big Three” lived up to expectations and dominated the NBA’s Eastern Conference before falling to the Mavericks in the 2011 NBA Finals.

The Heat returned to the NBA Finals in 2012, and this time they defeated the Oklahoma City Thunder, led by Kevin Durant and Russell Westbrook, to win the title. The Heat won their second championship together the following year, defeating the San Antonio Spurs in a thrilling seven-game Finals.

Wade missed 54 regular-season games in 2013-14 due to nagging injuries, and his scoring average fell below 20 points per game for the first time since his rookie year. The Heat rallied to reach the NBA Finals for the fourth consecutive season, but with Wade significantly underperforming, they were swept in five games by the Spurs.

The Big Three era came to an end with James’ return to the Cleveland Cavaliers for the start of the 2014-15 season, and with Wade again limited by injuries, the team stumbled to a 37-45 record. The star guard rebounded the following season, appearing in 74 games, his most in five years, as the Heat pushed the Toronto Raptors to the brink of elimination in the conference semifinals before losing in seven games.

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Chicago, Cleveland and Back to Miami

After 13 seasons with the Heat, Wade signed with his hometown Chicago Bulls in July 2016, bringing an end to another era. However, Wade failed to earn an All-Star selection for the first time since his rookie year in 2016-17, and the Bulls were eliminated in the first round of the playoffs.

Wade was reunited with James in Cleveland before the start of the 2017-18 season, but the pair were unable to rekindle the old magic, and Wade was sent back to Miami halfway through the season. Despite no longer being a starter, he helped the Heat finish with a 44-38 record and a postseason berth.

Wade played one more season in Miami, earning his 13th All-Star selection, before finishing his career with a triple-double in the Heat’s regular-season finale in 2018-19. He finished his career as the organization’s all-time leader in a variety of categories, including points, games, assists, and steals.

Family and Personal Life

Wade married his high school girlfriend, Siohvaughn Funches, in 2002, and they have two sons, Zaire (born in 2001) and Zion (born in 2007). Wade obtained full custody of Zaire and Zion the following year after the couple divorced in 2010.

Wade began dating actress Gabrielle Union, but he fathered another son, Xavier, during a break in their relationship. Wade and Union reconciled and married in Miami on August 30, 2014. They welcomed their first child, Kaavia, in November 2018.

Wade’s autobiography, A Father First: How My Life Became Bigger Than Basketball (2012), chronicles his life as a single father navigating pro basketball fame.

Further Reading

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