What is Yao Ming's Net Worth in 2024?
What is Yao Ming's Net Worth in 2024?
By Edcel Panganiban July 10, 2024 09:13
Yao Ming is a retired Chinese professional basketball player widely regarded as one of the greatest in Chinese-born basketball player in history. Now retired, the NBA legend excels in off-the-court endeavors, bolstering his net worth. In an attempt to give a true sense of which direction his net worth is trending, this article will explore Yao Ming's current as well as future position in 2024.
Background and Career
Yao Ming, September 12, was born in Shanghai, China. Yao played five seasons with the Shanghai Sharks in China's premier basketball circuit (CBA) for his senior club. Then, Yao Ming made history in 2002 when he became the first pick in that year's NBA Draft by the Houston Rockets. Yao Ming made incredible strides throughout the NBA, becoming an 8-time NBA All-Star and a 5-time member of the All-NBA First Team.
Streams of Income and Ventures in Business
Yao Ming will have a net worth of USD 180 million by the year 2024 through different sources and streams. In addition to his long basketball career, Yao had lucrative endorsement deals with McDonald's, Visa, Garmin, Reebok, and Apple. He made an astonishing USD 34.37 million in endorsement earnings in 2010.
This proven entrepreneurial drive has already seen Yao establish the Chinese private equity firm Yao Capital to raise as much as USD 250 million for investments in overseas sports assets. Further, he has had a food and beverage business since he opened Yeeha Restaurant in Shanghai. The chain continued expanding into Beijing and Yao Restaurant in Houston, proving his skill level is up to par with any businessman.
Analysis of Net Worth
Yao could rake in more money thanks to possible new business deals, sponsorships, investments, or changes he makes regarding his professional activities that might affect his fortune. Additionally, the expansion of his investment map and the potential blooming of an empire will surely lead to a bright financial path for Yao Ming.
Net Worth Growth Trajectory to 2024
After comprehensive research of Yao Ming's net worth, income streams, investments, and business, it is safe to say that his net worth will be healthy in 2024. He will likely further expand his already diversified stream of income and can expect increased growth in net value over the years.
Yao Ming's net worth of 48 million dollars in 2024 speaks to his historic career as a basketball professional and great businessman with lucrative investments. With his business empire still growing and income expanding, Yao Ming appears to be in good financial standing with potential going forward.
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