Hakeem Olajuwon Net Worth - A Look At The Basketball Legend's Wealth
Hakeem Olajuwon is a former Nigerian-American basketball player who is widely considered one of the greatest centers in NBA history. In this article, we will take a closer look at Hakeem Olajuwon net worth and how he built his wealth.
James K.Apr 13, 202337 Shares555 Views
Hakeem Olajuwon is a former Nigerian-American basketball player who is widely considered one of the greatest centers in NBA history. In this article, we will take a closer look at Hakeem Olajuwon net worthand how he built his wealth.
He played for 18 seasons in the NBA, primarily with the Houston Rockets, and won numerous awards and accolades throughout his career. Along with his success on the court, Olajuwon has also accumulated a significant net worth.
Hakeem Olajuwon was born on January 21, 1963, in Lagos, Nigeria. He grew up in a Muslim family with seven siblings and spent his early years playing soccer and other sports. It wasn't until he was 15 years old that he started playing basketball, and he quickly discovered his talent for the game.
In 1980, he left Nigeria to attend a basketball camp in the United States, where he caught the attention of coachesat the University of Houston. Olajuwon moved to Houston to play for the Cougars in 1981, and he quickly became one of the top collegeplayers in the country.
During his time at the University of Houston, Olajuwon improved his game significantly, becoming known for his quickness, agility, and defensive skills. In 1984, he declared for the NBA draft and was selected by the Houston Rockets as the first overall pick.
Hakeem Olajuwon's basketball career spanned over 18 seasons, primarily with the Houston Rockets, where he became one of the most dominant centers in NBA history. He was known for his incredible footwork, defensive prowess, and wide range of offensive moves.
In his rookie season in 1984, Olajuwon quickly established himself as a force to be reckoned with, averaging 20.6 points, 11.9 rebounds, and 2.7 blocks per game. He helped lead the Rockets to the NBA Finals in 1986 but lost to the Boston Celtics.
Over the next few years, Olajuwon continued to improve his game, earning his first of many NBA All-Star selections in 1985. In the 1993-94 season, Olajuwon had a historic year, winning the NBA MVP award and leading the Rockets to their first NBA championship, where he was also named the Finals MVP. He repeated the feat the following year, leading the Rockets to their second consecutive championship and again being named the Finals MVP.
Olajuwon's skills on the court were unmatched, and he became one of the few players in NBA history to record over 26,000 points, 13,000 rebounds, and 3,000 blocks in his career. He also won two Olympic gold medals with the United States men's basketball team in 1992 and 1996.
In 2002, Olajuwon retired from the NBA with career averages of 21.8 points, 11.1 rebounds, and 3.1 blocks per game. He is widely regarded as one of the greatest basketball playersof all time, and his legacy continues to inspire young players today.
Hakeem Olajuwon has had several successful business ventures throughout his career and post-retirement. Here are some of his notable business ventures:
Car Dealerships- Olajuwon is the owner of several car dealerships in Houston, Texas. He started his dealership business in 1994 with the purchase of a Honda dealership.
Commercial Real Estate Development - Olajuwon partnered with a developer to build the luxurious 35-story condominium tower called "The Legend" in Houston. The project, which was completed in 2006, was the first of its kind in the city and sold out quickly.
Clothing Line- Olajuwon launched his clothing line, "DR34M," in 2019. The line features sportswear and athleisure, and the name is a nod to his jersey number, 34.
Overall, Hakeem Olajuwon's success as an athlete and businessman is a testament to his hard work and dedication. He has been able to leverage his fame and wealth to make a positive impact in his community and inspire future generations.
Hakeem Olajuwon had several notable endorsements during his basketball career, including deals with top brands such as Coca-Cola, Spalding, and Etonic. Here are some of his most significant endorsement deals:
Coca-Cola- Olajuwon was one of several NBA players to sign a deal with Coca-Cola in the early 1990s. The deal included TV commercials and print advertisements.
Spalding - Olajuwon had a long-term partnership with Spalding, a leading basketball equipment manufacturer. He appeared in several commercials for the brand and even had his signature basketball shoe, the "Spalding Dream Shake."
Etonic- Olajuwon also had an endorsement deal with Etonic, a sports shoe and apparel company. He had his signature shoe line with the brand, including the popular "Dream" basketball shoe.
Taco Bell- Olajuwon appeared in a series of Taco Bell commercials in the 1990s, promoting the fast-food chain's "3 for $3" meal deal.
Sprite- Olajuwon was featured in several commercials for Sprite, a popular soft drink brand. One of his most memorable commercials was a rap battle with fellow NBA star Shaquille O'Neal.
Hakeem Olajuwon's net worth is estimated to be around $320 million. He earned a significant portion of his wealth from his successful basketball career, where he made over $110 million in salary alone.
In addition to his NBA earnings, Olajuwon also made a considerable amount of money from endorsements with companies like Coca-Cola, Spalding, and Etonic. He also invested his money wisely in various businesses, including real estate and car dealerships.
One of Olajuwon's most notable investments was the construction of "The Mansion," a massive home in Houston that he built in 1994. The house, which boasts over 23,000 square feet of living space, was initially listed for sale in 2019 for $17 million but was later taken off the market.
Hakeem Olajuwon has invested in various real estate properties throughout his career, both for personal use and as part of his investment portfolio. Here are some of his notable real estate properties:
"The Mansion"- In 1994, Olajuwon built a massive home in Houston, Texas, that he dubbed "The Mansion." The house features over 23,000 square feet of living space, including 10 bedrooms, 12 bathrooms, and a movie theater. It was initially listed for sale in 2019 for $17 million, but it was later taken off the market.
Commercial Real Estate- In addition to owning residential properties, Olajuwon has also invested in commercial real estate. He owns several shopping centers and office buildings in the Houston area, including the Crescent Plaza office complex.
The Legend Condominiums- Olajuwon partnered with a developer to build The Legend, a 35-story luxury condominium tower in Houston. The project was completed in 2006 and sold out quickly.
Multiple Properties in Houston- Olajuwon owns several properties in Houston, including a 7,271-square-foot home in River Oaks, a 6,325-square-foot home in Memorial, and a 6,208-square-foot home in Sugar Land.
Properties in Other States- In addition to his properties in Houston, Olajuwon also owns homes in other states, including a 7,271-square-foot home in Orlando, Florida, and a 4,920-square-foot home in Park City, Utah.
Hakeem Olajuwon has been actively involved in philanthropy throughout his career, using his success and resources to make a positive impact on his community and beyond. Here are some of his notable philanthropic efforts:
The Hakeem Olajuwon Foundation- In 1995, Olajuwon founded the Hakeem Olajuwon Foundation to support underprivileged children and families in Houston. The foundation provides financial assistance for education, healthcare, and other essential needs.
Dikembe Mutombo Foundation- Olajuwon has also supported the Dikembe Mutombo Foundation, which focuses on improving healthcare and education in the Democratic Republic of Congo. He has participated in charity events and donated funds to support the foundation's work.
Houston Food Bank- Olajuwon has been a longtime supporter of the Houston Food Bank, which provides food assistance to families in need in the Houston area. He has volunteered at the food bank and donated funds to support its programs.
UNICEF- Olajuwon has also worked with UNICEF to support their efforts to improve education and healthcare for children around the world. He has participated in fundraising campaigns and donated funds to support the organization's work.
Hurricane Harvey Relief- In 2017, Olajuwon donated $150,000 to support Hurricane Harvey relief efforts in Houston. He also worked with other celebritiesand athletesto organize a benefit concert to raise funds for those affected by the disaster.
Hakeem Olajuwon was born in Lagos, Nigeria, and did not start playing basketball until he was 15 years old.
Before his basketball career, Olajuwon played soccer as a goalkeeper and was offered a spot on Nigeria's national team, but he turned it down to focus on basketball.
Olajuwon is considered one of the greatest centers in NBA history, and he is the only player to win the NBA MVP award, NBA Finals MVP award, and Defensive Player of the Year award in the same season (1993-94).
In addition to his NBA career, Olajuwon played for the Nigerian national basketball team and won a gold medal at the 1995 African Championship.
Olajuwon is known for his signature "Dream Shake" move, which he used to shake off defenders and score points.
Olajuwon is a devout Muslim and observes Ramadan every year. During the NBA playoffs in 1995, he fasted during the day and played at night, leading the Houston Rockets to a championship victory.
Olajuwon is fluent in multiple languages, including English, Yoruba, Arabic, and French.
In addition to basketball, Olajuwon is also a skilled amateur boxer and has trained in the sport throughout his career.
Olajuwon has been inducted into multiple sports halls of fame, including the Naismith Memorial Basketball Hall of Fame, the FIBA Hall of Fame, and the Nigerian Sports Hall of Fame.
Olajuwon is also known for his philanthropic work, including his foundation to support underprivileged children and families in Houston and his support for various humanitarian organizations around the world.
Hakeem Olajuwon net worth is a testament to his success both as a basketball player and an entrepreneur. Through his NBA career, endorsements, and investments, he has accumulated a substantial fortune that has allowed him to live a comfortable life even in retirement. But beyond his wealth, Olajuwon's legacy as a basketball player and a humanitarian continues to inspire and impact many people around the world.