Yao Ming Net Worth
Yao Ming has an estimated net worth of $160 million. Yao Ming is a Chinese basketball player who became an international star as a center for the Houston Rockets of the NBA. He earns most of his income from his career as a basketball player and brand endorsements.
Yao Ming, who stands 7 feet 6 inches tall, was selected first overall by the Houston Rockets in the 2002 NBA draft. He was an All-Star that season and was named to the league’s All-Rookie team. Yao was an all-star in each of the next six seasons, and he helped the Rockets reach the playoffs in five of them. Yao quickly became the focal point of the NBA’s efforts to popularize the league around the world. Yao left the NBA in 2011 after eight full seasons due to ongoing injuries.
To calculate the net worth of Yao Ming, 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:
|Net Worth:||$160 Million|
|Monthly Salary:||$1 Million|
|Annual Income:||$20 Million|
|Source of Wealth:||Basketball player, Athlete|
Yao Ming was born in Shanghai, China, on September 12, 1980, to Fang Fengdi (mother) and Yao Zhiyuan (father). His father, who stood six feet and ten inches tall, was a basketball player for a local Shanghai team. His mother, who stands six feet two inches tall, was a basketball player for the Chinese national team in the 1970s.
He was quite large, weighing 11 pounds at birth. His rapid growth made it difficult for his parents to provide him with enough food to satisfy his growing appetite. When he started playing basketball at the age of nine, he was five feet and seven inches tall. As a result, he drew the attention of local sports officials, who encouraged him to enroll in a sports school in Shanghai.
He was initially uninterested in basketball or any other sport. He was a voracious reader who enjoyed learning about military history. He was knowledgeable about ancient Chinese battles.
He was already over six feet tall when he was in ninth grade. He signed a contract with the Shanghai youth team the same year. He became the Shanghai Sharks’ star player at the age of 17.
Yao Ming spent four years with the ‘Shanghai Sharks’ junior team of the ‘Chinese Basketball Association’ (CBA). He then joined the ‘Sharks’ senior team, where he averaged 10 points and 8 rebounds per game during his rookie season. In his third season, the ‘Sharks’ reached the CBA finals but were defeated by the ‘Bayi Rockets.’
The ‘Sharks’ won their first CBA championship the following year. During the playoffs in his final season with the ‘Sharks,’ he averaged 38.9 points and 20.2 rebounds per game. In the finals, he made 21 shots.
In 2002, he decided to enter the NBA draft. ‘Team Yao,’ a group of advisers, was formed. His negotiator, NBA agent, Chinese agent, and others were among those present. CBA was initially hesitant to allow Yao to play in the United States; however, hours before the NBA draft, CBA granted him permission to play in the United States. He became the first international player to be chosen who had never played college basketball in the United States. The ‘Houston Rockets’ selected him.
He represented China in the 2002 FIBA World Championships. He did not score in his first NBA game against the ‘Indiana Pacers.’ He made his NBA debut against the ‘Denver Nuggets.’ He played 14 minutes and scored four points in his first seven games. He scored 20 points against the ‘Lakers’ on November 17th.
Yao was chosen ahead of O’Neal to start for the West, making him the first rookie to do so since Grant Hill in 1995. In his rookie season, he averaged 13.5 points and 8.2 rebounds per game.
In 2004, he set a career high with 41 points and seven assists in a triple-overtime victory over the ‘Atlanta Hawks.’ He finished the season with 17.5 points and 9.0 rebounds per game in the 2004 NBA All-Star Game.
Yao broke Michael Jordan’s All-Star voting record with 2,558,278 votes in the 2005 NBA All-Star Game. ‘The Rockets’ won 51 games and finished fifth in the West. The ‘Rockets’ won the first two games in Dallas, and he made 13 of 14 shots in the second game, the best shooting performance in Rockets history.
Despite missing 21 games due to surgery, he received the most fan votes to begin the NBA All-Star Game in 2006. He averaged a career-high 25 points per game in his fifth season.
He played against the ‘Milwaukee Bucks’ in November 2007, and the ‘Rockets’ won 104-88. The ‘Rockets’ won 12 games in the 2008 NBA All-Star Game. Despite missing the NBA Playoffs in 2008, he took part in the ‘Summer Olympics’ in Beijing.
Due to his injuries, he retired from basketball in July 2011. He was nominated for induction into the Naismith Basketball Hall of Fame. However, his request to postpone the honor was considered because he believed it was too soon. In September 2016, he was inducted into ‘The Hall of Fame.’ His No. 11 jersey was also retired by ‘The Rockets.’
Yao was unanimously elected chairman of the ‘Chinese Basketball Association’ in 2017.
Awards & Achievements
Yao Ming won the “FIBA World Championship” in 2002. He won gold for China at the ‘FIBA Asian Championship’ in 2001, 2003, and 2005. He was also an NBA All-Star eight times. He was inducted into the ‘Naismith Memorial Basketball Hall of Fame’ in 2016.
Personal Life & Legacy
Throughout his career, sponsorship deals provided a significant portion of Yao Ming’s income. He supported major corporations such as ‘Nike,’ ‘Reebok,’ ‘Coca-Cola,’ and ‘Pepsi.’ In 2003, he sued ‘Coca-Cola’ for using his image on their bottles while promoting the national team; he won the case.
‘Yao: A Life in Two Worlds,’ his autobiography, was published in 2004. The documentary film ‘The Year of the Yao’ was made the same year. The film focuses on his rookie year in the NBA. Former ‘Newsweek’ writer Brook Larmer published a book titled ‘Operation Yao Ming’ in 2005.
He has taken part in numerous charity events, including an auction in which he raised US$ 965,000 for underprivileged children in China. After the 2008 Sichuan earthquake, he donated $2 million to relief efforts and established a foundation to rebuild schools destroyed by the earthquake.
Yao was dating basketball player Ye Li when they married on August 6, 2007. Yao Qinlei, their daughter, was born on May 21, 2010.
In 2009, he purchased the ‘Shanghai Sharks,’ who had not participated in the CBA due to financial constraints.
He is also a strong supporter of the ‘Special Olympics,’ serving as a Global Ambassador and member of the ‘International Board of Directors.’
In 2011, he enrolled at Shanghai Jiao Tong University’s ‘Antai College of Economics & Management,’ where he pursued a tailored degree program with mostly one-on-one lectures. Yao finished his studies in July 2018, receiving a bachelor’s degree in economics after seven years of study.
He made a documentary about white rhinoceros in 2012. He is also an elephant conservation ambassador.
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