Hakeem Olajuwon Net Worth: NBA Career & Lifestyle

A former Nigeria-American NBA basketball player, Hakeem Olajuwon’s net worth is a staggering $300 million.

He is remembered as one of the best centers and one of the greatest basketball players in NBA history.

Meanwhile, Hakeem played for Houston Rockets and Toronto Raptors in center position from 1984 to 2002. Further, he helped the Rockets win back-to-back championships in 1994 and 1995.

Olajuwon has produced amazing performances in the NBA, which helped him earn 12 times NBA All-Star and six times All-NBA First Team.

Also, Hakeem became the first non-American to be an All-Star and start in an All-Star game.

No doubt, the former NBA star was inducted into the Naismith Memorial Basketball Hall of Fame in 2008.

Furthermore, Hakeem was inducted into the FIBA Hall of Fame in 2016.

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Hakeem Olajuwon | Quick Facts

Hakeem Olajuwon | Income and Net Worth

The Nigeria-born NBA legend Hakeem Olajuwon’s net worth is a colossal $300 million.

In total, Olajuwon earned around $110 million from NBA salaries.

Hakeem stayed with Houston Rockets for 13 seasons and pocketed $80.3 million.

Likewise, in the latter part of his NBA career, Olajuwon represented Toronto Raptors and grabbed around $17.1 million in salary.

Additionally, he managed to earn a reasonable salary of $882,500 in his rookie year and went on to make an astonishing amount of $16.7 million annually in 2001.

Besides, the 7 feet tall Hakeem has made a hefty amount from his real estate business. Talking in detail, he has managed to profit over $100 million from real estate trading alone.

Also, he has had several lucrative endorsement deals that helped in bolstering his burgeoning net worth of $300 million.

Net Worth of Hakeem Olajuwon in Different Currencies

Let’s quickly look at Hakeem Olajuwon’s net worth in currencies like the euro, pound, cryptocurrency, AUD, Canadian, and BitCoin.

Hakeem Olajuwon | Cars, Houses, and Watches

Cars

It is no surprising that Hakeem has a fleet of expensive cars in his garage with a humongous $300 million net worth.

To begin with, the 7-foot tall player Hakeem drives a Mercedes Benz AMG Cl65, which costs approximately $225,500.

Houses

The former NBA star has made a sizeable amount from his real estate business. And it is no surprise Hakeem owns numerous properties with a net worth of more than $300 million.

Meanwhile, he owns a mega-mansion located in Sugar Land, Texas, worth a million dollars.

Likewise, he owns a house in Birmingham, England.

Furthermore, Hakeem owns parking garages, apartment complexes, commercial buildings, and single-family homes.

Also, he purchased Houston’s former Federal Reserve Bank building and converted it into a mosque.

However, most of his real estate properties are for business purposes.

Hakeem Olajuwon | Media, Investments, Endorsements, and Books

Media

The 7 foot tall Hakeem Olajuwon was a beast of a player in the NBA and earned a huge fan following across the globe.

Meanwhile, he has made a fair presence in media via movies, TV series, and documentaries.

To begin with, Hakeem has featured in a movie entitled Heaven is a Playground.

Furthermore, he has featured in Midlands Today, 30 For 30, and Late Show with Letterman.

Additionally, he has appeared in numerous documentaries, including Hoops Africa: Ubuntu Matters, Arvydas Sabonis 11, Hakeem the Dream, and Clutch City.

Investments

The former NBA champion Hakeem Olajuwon’s net worth is $300 million.

He has amassed a mind-boggling sum of over $100 million from his post-NBA career in the real estate business.

Furthermore, Olajuwon bought a 41-acre property near NASA’s Johnson Space Center and converted it into a retirement community.

Additionally, Hakeem’s love for fashion made him start a clothing line, DR34M, in 2010. The DR34M also launched basketball shoes in 2013.

He bought a huge mansion in Clear Lake, California, and turned it into a boutique. He only stocks designer brands like Gucci, Prada, and Coach.

Hakeem uses the floor upstairs for his designing because he wants to do the design himself.

When it was opened for the first time, getting a pair of jeans or shirt from the place, needed one to make an appointment. However, it was later opened to the public, and the online store also made the clothes accessible.

Also, to ensure that his clients do not deal with traffic, Olajuwon ensured that the helicopter service was available.

Endorsements

Hakeem was a very famous face during his peak in the 90s. He caught the attention the tons of brands at the time.

Meanwhile, Olajuwon signed a lucrative shoe endorsement deal with LA Gear, later becoming the face of Spalding’s athletic shoe line, The Dream.

And this deal made him one of the few well-known players to endorse a shoe brand, excluding Nike, Adidas, and high visibility brands.

As per reports, Hakeem made around $3.8 million from his endorsement deals in 1995.

Book Publications

Hakeem Olajuwon is co-author of a book entitled ‘Living the Dream: My Life and Basketball.’ 

The book highlights a player’s journey from Nigeria to the United States, the highs and lows of his career, and rivalry with players.

Hakeem Olajuwon | Lifestyle and Vacations

Hakeem Olajuwon lives a very lavish lifestyle with a high net worth of more than $300 million. And, it is no doubt with such sum, one can live a king’s life.

Meanwhile, Hakeem got married to Dalia Asafi in 1996, and the couple is blessed with four children.

During his initial career at college, he was disorderly and often used to get into fights quickly, which was affecting him as a player.

Later, he started taking an interest in spirituality that helped him get over his undisciplined manner.

Moreover, Olajuwon is fluent in French and Arabic in addition to English and Nigerian languages Ekiti and Yoruba.

Similarly, Olajuwon is a practicing Muslim and has talked about studying the Qur’an every day.

Hakeem Olajuwon | Charity

The man with an outstanding record in NBA has amassed a huge net worth of $300 million.

And the two-time NBA champion impresses with his social work helping people and the needy community.

Meanwhile, in 2017, Hakeem donated $150,000 to Mayor Turner’s Hurricane Harvey Relief Fund to rebuild their lives and communities.

Likewise, he established the Dream Foundation charity in Amman, Jordan, for social services through youth activities and sports.

Additionally, Hakeem made a special appearance for Team Africa at the 2015 NBA exhibition game.

Hakeem Olajuwon | Career

Olajuwon started his youth playing for Houston in 1981-82. Later, the University of Houston retired his jersey no 34.

Meanwhile, he started his professional career playing for the Houston Rockets as he got picked in 1st round 1st overall at 1984 NBA Drafts.

He immediately impacted the team in his rookie year, which ended on losing note to Michael Jordon in the 1985 Rookie of the Year.

Likewise, in the 1991-92 season, he had a disappointing season with the Rockets but improved the following season with a scintillating performance.

However, Hakeem’s best was yet to come for the Rockets as he helped the team win back-to-back NBA championships in 1993-95.

Undoubtedly, Olajuwon played a decisive role in winning the championship with two NBA finals MVPs.

He played for 17 seasons at Houston and achieved many feats before moving to Toronto Raptors for his final season in the NBA.

After a decent performance for Toronto Raptors, Olajuwon decided to hang his boots and decided to end his affair with basketball.

Also, he represented the United States in the 1992 Olympic games and helped the team win the gold medal.

As of December 2023, Hakeem Olajuwon’s net worth is a staggering $300 million.

Interesting Facts About Hakeem Olajuwon

• Hakeem Olajuwon is the first player in NBA history to register at least 200 steals and 200 blocks in the same season.
• Olajuwon was a soccer goalkeeper during his youth that helped him with the great footwork and agility to balance his huge body size and strength in basketball.
• He was named to the All-NBA First Team six times and to the NBA All-Defensive First Team five times.

FAQs

Why did Hakeem change his name?

He took a deep interest in spirituality and became more devoted to the Muslim religion, changing his name from Akeem to Hakeem in 1991.

How many times did Hakeem go to the finals?

The former NBA star appeared three times in the finals and went on to win it twice. Moreover, he becomes two-time NBA finals MVP.

What year Hakeem Olajuwon won the MVP?

He won in 1993-94 and became the first player in NBA history to be named NBA MVP, Defensive Player of the Year, and Finals MVP in the same season.

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