Dwyane Wade Net Worth

Dwyane Tyrone Wade Jr., born January 17, 1982, is a former NBA player. He spent the majority of his career playing for the Miami Heat. Dwyane won 3 championships and finished his career as Miami Heat's all-time leader in points, assists, games, shots taken, and shots made. 

What is Dwyane Wade's net worth now?

Dwyane Wade's current net worth stands at $170 million. During his career, he earned around $198 million in salary alone. Apart from his professional basketball career, a major portion of his wealth came through other sources of income, mainly endorsements. 

How much money did Dwyane Wade make in his career?

In total, Dwyane Wade played 16 seasons for the Miami Heat and earned around $157 million with them. In between, he spent a season each with the Chicago Bulls and Cleveland Cavaliers, where he earned around $38 million. His total earnings is estimated to be around $196 million

Dwyane Wade Endorsements

Dwyane Wade is also the brand ambassador of multiple major brands and products currently. Some of them include Panini, Gatorade, New Era, Li Ning Company Ltd, and Hublot. His shoe deal with Li Ning in 2012 is the most notable endorsement deal of his career. 

Shoes: Dwyane Wade's first shoe deal was with Converse, a six-year deal for $4,00,000 a year in 2003. By 2006, the 'Converse Wade 1' was selling more than a million pairs each year. 

Converse Wade 1

In 2009, he left Converse and joined Nike's Jordan. He earned up to $5 million a year in the early stages, which ultimately rose to $10 million a year. In 2012, Dwyane Wade signed a $60 million dollar contract for a 10 year period with the Chinese brand Li-Ning. This moved onto a lifetime deal that included an equity stake. 

Li-Ning

Image source: Bleacher Today

Dwyane Wade Investments

Investment

Along with famous musician Drake, Dwyane has invested in a digital sports media startup company 'The Mars Reel', which will cover top high school athletes and their teams. There are other celebrities involved in this venture. 

Real Estate

Dwyane and Gabrielle own three houses. The first one is a waterfront Miami mansion which they acquired in 2010. The house was listed for sale in 2019 for $32.5 million, which reduced to $29 million, with no takers yet. The second mansion is situated in Sherman Oaks, which the couple bought in 2018. Their most recent acquisition is a residence in Hidden Hills, spread across 22,000 square feet.  

Dwyane Wade's other sources of income

Apart from his various endorsements, Dwyane Wade has appeared in television shows, commercials, and magazines. He has also been featured in People Magazine's 50 most beautiful people and has also been recognized as one of the best-dressed players in the NBA by GQ. One of Dwyane's first ventures is with bow tie company 'The Tie Bar'. Recent reports also indicate that he has ventured into the sock industry. He is looking to launch his own sock line - ranging from the athletic, casual, dress, and the like. 

Dwyane Wade is also part of the wine industry. He currently has a line of Napa Valley red wine sold for $250 a bottle. He also has tie-ups with Swiss watch brand Hublot. 

As per reports Gabrielle and Dwyane have sent in trademark applications for Kaavia James and Shady Baby, the former for a fashion line that includes clothes, hair care products, and jewelry. The latter, Shady Baby, is for a loan-out company.

Dwyane Wade's Charity Work

Dwyane founded 'The Wade's World Foundation' in 2003, which supports community-based organizations that work with at-risk children to promote education, health, and social skills. 

He announced a partnership with former Miami Heat teammate Alonzo Mourning's charitable foundation in 2008 and co-hosted ZO's Summer Groove, an annual summer fundraising event. 

Dwyane also donated money from his foundation to keep the Robbins, Illinois public library from closing in 2009. In 2010, Dwyane, along with Alonzo Mourning, founded the Haitian earthquake relief fund. 

How much is Dwyane Wade and Gabrielle Union worth?

Together, the couple is worth $210 million, owing to Dwyane's earnings from the NBA and his various endorsements.