Dwyane Wade is an American professional basketball player who was born on January 17, 1982 in South Side Chicago, Illinois. Wade has played in the shooting guard position for NBA’s Miami Heat and Chicago Bulls. His net worth is estimated at $110 million. Here is a look at how he makes his money from the NBA and his numerous business ventures.
Dwyane Wade Net Worth: Journey To A Successful NBA Career
Wade was one of those kids with a difficult upbringing. Born is a gangster ridden area of South Side Chicago, his parents separated when he was just 4 months old. As a young child, Wade was already an eye witness to several gang violence and police raids. His mother’s drug addiction and involvement with drug kingpins only worsened the situation. To escape the misery, his older sister Tragil tricked him to believing they were going to see a movie but actually took him to live with their father in a different less-violent area of the neighborhood. Wade was 8 at the time. His father who was a retired Army sergeant remarried a year later and moved the family to Robbins, Illinois.
In Robbins Illinois, Wade turned to basketball to overcome any chance at involvement with gang violence. He often played with his older stepbrothers and new friends under the tutelage of his father who at the time was coaching a local recreation centre. Wade enrolled in Harold L. Richards High School in Oak Lawn and continued playing basketball. He found success with the varsity team and even became its star player, but the success didn’t come until after much hard work and a 4-inch increase in height.
Despite setting records at Harold High, Wade’s poor academic performance gave him only three college recruitment chances. He settled for Marquette University in 2000. After sitting out the first season due to academic problems, Wade debuted in the 2001/2002 season and later lead to team to her first ever Conference USA championship.
Wade’s success in basketball only increased from that point on. He had to forgo his senior year to enter the 2003 draft. He was selected Round 1, 5th overall by the Miami Heat and his success continued. Together with fellow rookies LeBron James, he received a unanimous selection to the 2004 NBA All-Rookie Team. Wade’s star shone brighter following the departure of Shaquille O’Neal who was the team’s star player at the time.
Wade played his first NBA finals game in the 2005/2006 season against Dallas Mavericks. It was the first NBA final in the history of the Miami Heat, and not only did they snap the championship trophy, Wade received the Finals MVP trophy. Wade went on to win two other championships with the franchise in 2012 and in 2013 reaching the finals in 2014. Wade is Miami Heat’s all time leading goal scorer.
Unfortunately, his 13-year love story with the side ended in 2016 after he signed a two year $47.5 million contract with Chicago Bulls to much dismay of fans. Wade explaining his reason said that he felt unwanted and unappreciated by Pat Riley, Miami Heat’s President.
Wade was part of the 2008 Olympic NBA unbeaten team that defeated the world champions, Spain to snap the gold medal.
Dwyane Wade Net Worth: Earnings From Basketball
Wade’s first salary for playing for the Miami Heat was $2.6 million. As his career progressed so did his paycheck; in his last year with the franchise, his salary was $20 million following a two-year, $31.1 million contract inked in 2014. From 2002 to 2016, Wade has made over $138 million in salary alone. Like LeBron James, Wade employs the method of signing short-term deals in order to increase his flexibility and allow room for better annual deals.
His new deal with the Chicago Bulls leaves his annual salary for the next two years at over $20 million.
Dwyane Wade Net Worth: Businesses And Endorsement
Wade boats about 15 endorsement partners including Gatorde, Pepperidge Farm, Hublot, Mission and Naked Band Group. In 2015, Forbes calculated his earnings from endorsements at $12 million, bringing his total earnings for the year to $32 million, making him the 6th highest paid player in the NBA for the year 2016. Naked Brand Group is set to launch a Wade-brand line of underwear beginning in 2016.
Wade sold his own line of branded Nike sneakers until 2012 when he left them to sign a long term deal with Li-Ning, China’s sports accessory company. The deal included over $60 million worth of equity stakes in the company. In addition to his plethora of endorsements, Wade owns a socks and neckties line.
Together with endorsements and other businesses, Wade has made over $200 million in career earnings.
The NBA star owns a $10.6 million mansion on La Gorce Island. It is a 13,000 square foot Mediterranean-style home with 6 bedrooms, a pool and a private dock.
See Also: Kobe Bryant Net Worth