Hakeem Olajuwon Net Worth | Celebrity Net Worth

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What’s Hakeem Olajuwon’s net worth?

Hakeem Olajuwon is a retired Nigerian-American skilled basketball participant who has a net worth of $350 million. Hakeem Olajuwon performed within the NBA for the Houston Rockets and Toronto Raptors, the previous of which he led to back-to-back NBA championships within the mid-90s. Moreover, he was a member of the gold medal-winning Olympic US workforce in 1996. Thought-about to be one of many best basketball gamers of all time, Olajuwon is the primary non-American to be an All-Star and an NBA MVP.

After retiring, Hakeem launched into what turned a highly-successful entrepreneurial profession. Within the final 20 years he has transacted in well-over $150 million price of actual property purchases.

Profession Earnings

Throughout his NBA profession, Hakeem earned $110 million in wage. His highest-earning 12 months was the the 2000-2001 season when he made $16.7 million from the Houston Rockets. That is the identical as incomes round $27 million in immediately’s {dollars}.

Early Life and Collegiate Profession

Hakeem Olajuwon was born in 1963 in Lagos, Nigeria to Yoruba dad and mom Abike and Salim, who owned a cement enterprise. Throughout his childhood, Olajuwon performed as a soccer goalkeeper. Later, whereas attending the Muslim Academics School, he started taking part in basketball when he entered a neighborhood event. Olajuwon subsequently immigrated to the US to play basketball with the College of Houston Cougars. After redshirting his freshman 12 months, he turned the Cougars’ sixth man. It was round this time he earned the nickname “The Dream” as a result of his easy dunking. In each his sophomore and junior years, Olajuwon helped lead the Cougars to consecutive NCAA championship video games. Though the workforce misplaced each occasions, Olajuwon received the 1983 NCAA Event Participant of the 12 months award.

Begin with the Houston Rockets

Within the 1984 NBA draft, Olajuwon was chosen first general by the Houston Rockets. His rookie season was an immediate success, as he drastically improved the Rockets’ win-loss file. He completed the season runner-up to Michael Jordan within the Rookie of the 12 months voting. Extra success got here the following 12 months, as Olajuwon helped the Rockets advance to the Western Convention Finals, which they received. The workforce subsequent went to the NBA Finals, finally dropping in six video games to the Boston Celtics.

For the 1988-89 season, Olajuwon was the undisputed chief of the Rockets, ending because the league chief in rebounds with 13.5 per recreation. Though the Rockets confronted disappointment the following 12 months, Olajuwon continued his private skilled success, main the league in rebounds and blocks. He additionally recorded a quadruple-double, changing into solely the third NBA participant ever to take action. Following a foul 1991-92 season, Olajuwon improved his passing and set a brand new career-best of three.5 assists per recreation in 1992-93. Additionally that season, the Rockets posted a brand new franchise file with 55 wins. In the meantime, Olajuwon completed second to Charles Barkley within the MVP race.

Championships with the Rockets

On account of his enormously profitable performances within the 1993-94 and 1994-95 seasons, Olajuwon earned a repute as one of many prime facilities in NBA historical past. He led the Rockets to the 1994 NBA Finals towards the New York Knicks, profitable the title in seven video games to deliver Houston its first skilled sports activities championship in over 30 years. Together with his 26.9 level common per recreation, Olajuwon was named the NBA Finals Most Beneficial Participant; this made him the primary foreign-born participant to obtain that award. Furthermore, in 1994, he turned the one NBA participant ever to win the MVP, the Championship title, the Finals MVP, and the Defensive Participant of the 12 months award in a single season.

The Rockets repeated as NBA champions in 1995, sweeping the Orlando Magic. Olajuwon averaged 27.8 factors and 10.8 rebounds throughout the season, and within the recreation that clinched the collection, recorded 39 factors and 17 rebounds. As soon as once more, he was named the Finals MVP, and have become the one Rockets All-Star.

BOB STRONG/AFP/Getty Photos

1996 Olympics

Throughout the peak of his profession, Olajuwon was chosen as a member of the 1996 US Olympic basketball workforce, dubbed Dream Group II. Taking part in alongside 5 members of the unique Dream Group, plus Shaquille O’Neal, Olajuwon and his fellow American gamers received the gold medal for the event.

Remaining Years with the Rockets

Olajuwon’s run of success with the Rockets ended when the workforce was eradicated within the second spherical of the 1996 NBA Playoffs. Nonetheless, the following season, they recorded a 57-win season with Charles Barkley on the roster. Throughout the 1998-99 season, Olajuwon’s scoring manufacturing improved, serving to him make his twelfth and last All-NBA Group.

Toronto Raptors

After turning down a $13 million take care of the Rockets, Olajuwon was traded to the Toronto Raptors in 2001. He was finally unable to copy his previous triumphs, averaging profession lows of seven.1 factors and 6 rebounds per recreation. On account of a again damage, Olajuwon determined to retire within the fall of 2002 after just one season with the Raptors. Finally, he ended his skilled taking part in profession because the all-time league chief in whole blocked pictures, with 3,830.

Actual Property Investments

Following his retirement from the NBA, Olajuwon discovered important success within the Houston actual property market.

In keeping with a 2006 New York Instances profile, Hakeem as much as that time had transacted over $100 million price of actual property purchases. Hakeem specializing in shopping for properties which are ripe for improvement through public enhancements like stadiums or prepare stops. For instance, he buys massive undeveloped plots of land close to transportation traces and standard freeway exits. In November 2006 he purchased a 41-acre property close to NASA’s Johnson House Heart and developed it right into a retirement group. He owns parking garages, residences complexes, industrial buildings and single-family houses. He bought Houston’s former Federal Reserve Financial institution constructing and transformed it right into a mosque. He owns the town’s former World Commerce Heart constructing not removed from Minute Made Park.

As a Muslim, Hakeem doesn’t borrow cash for his acquisitions (it is towards Islamic regulation to pay or cost curiosity). This has allowed him to reduce threat and publicity when the actual property market softens. In that New York Instances profile, Hakeem defined:

“I’ve been blessed up to now to have the ability to work with my very own capital, which provides me the power to determine after I need to promote versus having a financial institution mortgage hanging over my head that in some circumstances, can drive you to promote although you is probably not able to.”

Being an all-cash purchaser has additionally allowed him to beat out rivals – who’re counting on financial institution approvals – for key offers.

Private Life

In 1996, Olajuwon married Dalia Asafi. Collectively, the couple has 4 kids: daughters Aisha and Rahmah and sons Abdullah and Abdul. Olajuwon additionally has a daughter named Abisola from a earlier relationship.

In 2006, Olajuwon opened the primary of his Large Man Camps, the place he teaches younger gamers how one can play in entrance courtroom. Moreover, he works with different NBA gamers to assist them good their strikes.

Along with English, Olajuwon has fluency in Arabic and French, in addition to the Nigerian languages of Ekiti and Yoruba. Olajuwon is a practising Muslim, and has talked about finding out the Qur’an day-after-day.


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