How much is the Net Worth of Yao Ming?
How much is the Net Worth of Yao Ming?
Five-time named to the All-NBA Team, Yao Ming is a former professional basketball player currently serving as a Chinese basketball consultant. While playing for the Shanghai Sharks of the Chinese Basketball Association (CBA) and Houston Rockets of the National Basketball Association (NBA) during his professional career from 1997 to 2011.
Yao Ming’s Net Worth: Income s Earnings
Listed in the world’s 20 richest NBA Players Yao Ming’s 14-year career journey showed him heavy salary and approval deals. Meanwhile, according to Celebrity Net Worth, the net value of Yao Ming is estimated at $120 million as of May 2019. The credit goes to his alluring contracts and wages as well as numerous endorsements for the chunk of money. As announced when Ming retired in 2011, as a result of a 5-year contract extension worth $75 million with Rockets, his salary was around $17.68 million. This depends on the type of deal they sign to think about NBA players ‘ earnings. Maximum players are currently making between $26 million to $30 million a year and rookies and lower-level players are making around $2 million to $4 million a year.
Contracts Salary From Houston Rockets Well, the details of Shanghai Sharks ‘ Yao Ming’s earnings are not out but probably had a heavy sum pocketed. Since joining NBA Team Houston Rockets in 2002, his huge eye-catching earnings came up. Here is the list of Ming’s contract with Rockets: Singed a $12.4 million 3-year contract (October 8, 2002) Exercised an option of $5.59 million for the 2005-06 season (September 16, 2004) Contract extension of $75 million for five years (Signed September 1st, 2005)2004 $4437000 2005 $5595000 2006 2007 $13763000 2008 $15071000 2009 2010 $17686000
Career Insight
Later in 2002 he decided to enter the draft NBA and later a group of consultants called Team Yao was established. Well Ming was drafted by Huston Rockets making him the first international player to be picked without playing basketball at the U.S. college. After a series of injuries, he eventually decided to retire from baseketball in July 2011, playing basketball for decades (9 Seasons in NBA).
Instagram Earnings Business Venture
In 2010, Sports Illustrated listed Yao to earn a whopping $34.37 million in endorsements. He also makes some money from his account on social media. He makes about $1136.25 to $1893.75 per post in his Instagram account, according to Influencer MarketingHub.
Investments
His asset portfolio also includes a special edition care of the BMW 7 series worth more than $91250. He also drives a $89,000 to $177,000 Range Rover.
Tax Insurance
Yao pays for his $3.99 million mansions around $76808 per year as property tax. He also charges some $43565988 for Federal $2888532 for State FICA $10034424 and Local $4641036. Paying only around $58870020 for all the taxes he takes home. He has to spend around $2852 per year for his two cars to think about his car insurance. Charity Works
The Africa Wildlife Foundation Chi Heng Foundation NBA Cares Project Hope Red Cross Save the Elephants Shark Savers WildAid Yao Ming Foundation has organized a telethon that raised $300,000 to help spread SARS. Back in September 2007, he held an auction that raised $965,000 to raise money for underprivileged children in China and competed in a charity basketball match. He also donated $2 million for relief work and founded the Yao Ming Foundation to help repair damaged schools in the earthquake. Yao was born in Shanghai China on September 12, 1980. He’s Yao Zhiyuan’s only child and they were both former professional basketball players, Fang Fengdi. He started playing basketball when he was nine years old and attended a junior sports school. Ming’s age as of May 2019 is 38 and has a height of 226 cm (7 ft. 6 inches).
His asset portfolio also includes a special edition care of the BMW 7 series worth more than $91250. He also drives a $89,000 to $177,000 Range Rover.
Tax Insurance
Yao pays for his $3.99 million mansions around $76808 per year as property tax. He also charges some $43565988 for Federal $2888532 for State FICA $10034424 and Local $4641036. Paying only around $58870020 for all the taxes he takes home. He has to spend around $2852 per year for his two cars to think about his car insurance. Charity Works
The Africa Wildlife Foundation Chi Heng Foundation NBA Cares Project Hope Red Cross Save the Elephants Shark Savers WildAid Yao Ming Foundation has organized a telethon that raised $300,000 to help spread SARS. Back in September 2007, he held an auction that raised $965,000 to raise money for underprivileged children in China and competed in a charity basketball match. He also donated $2 million for relief work and founded the Yao Ming Foundation to help repair damaged schools in the earthquake. Yao was born in Shanghai China on September 12, 1980. He’s Yao Zhiyuan’s only child and they were both former professional basketball players, Fang Fengdi. He started playing basketball when he was nine years old and attended a junior sports school. Ming’s age as of May 2019 is 38 and has a height of 226 cm (7 ft. 6 inches).