Yao ming is a retired professional basketball player who used to play for Chinese Basketball Association team Shanghai Sharks and NBA giants Houston Rockets. One of the most prolific athletes from China, Ming drew large crowds wherever Rockets played and the games were also broadcast to huge audiences in China, which helped in increasing the popularity of the game.
He carried his team to the NBA playoffs four times and was elected into the Naismith Memorial Basketball Hall of Fame in 2016. One of the most marketable figures in the the sport, Ming was a pitchman for numerous companies and pulled in a lot of cash. Let’s take a look at what Yao Ming earned and his net worth.
Yao Ming Salary & Earnings
Yao ming signed a nine year contract with Houston in 2002 and earned an annual average salary of $10,333,333. He earned a total of $93 million in salary and his highest earnings came in his final season, when Rockets paid Ming $17.6 million.
Yao Ming’s current estimated net worth is $120 million and is reported to have increased by around $17 million since his retirement in 2011.
Houses and Cars
Ming, who currently resides in Shanghai used to live in a luxurious 12,000 square feet house in Houston during his time with the Rockets. The house is located in Hunters Creek Village and has a value of $3.99 million.
He also has a collection of luxury cars which includes brands like Geely and BMW. Apart from this, Ming also owns a luxury yacht, the cost of which is unknown.
Yao Ming Endorsements
While he was still playing, Ming had Reebok, Visa, Garmin, McDonald’s, Yanjing and Apple among his key sponsors. In 2010, Sports Illustrated listed Ming to be earning a whopping $34.37 million through endorsements.
Yao Ming also has a number of personal investment endeavours which includes a restaurant in both Houston and Shanghai and a winery in California. Ming launched the NBA Yao Basketball Club in association with NBA China in 2014 which provides training to young aspirants. He is also the seventh biggest shareholder in a Shanghai exhibition company called “Ablues Design”.