Hakeem Olajuwon Net Worth – $300 Million

What is Hakeem Olajuwon’s net worth?

Net Worth:

$300 Million

Age:

59

Born:

January 21, 1963

Gender:

Male

Height:

2.08 m (6 ft 10 in)

Country of Origin:

United States of America

Source of Wealth:

Professional NBA Player

Last Updated:

October 18, 2022

Who is Hakeem Olajuwon? What is his Profession?

Hakeem just had one lifelong ambition: to play basketball professionally. He was able to pick up basketball quickly thanks to his prior expertise playing soccer and handball.

Hakeem joined the Houston Rockets after moving to Texas from Nigeria, and he assisted them in the 1990s in their back-to-back NBA championship victories.

He later joined the Raptors and contributed significantly to the USA’s 1996 Olympic gold-medal victory.

Hakeem Olajuwon’s estimated net worth as of October 2022 is $300 Million.

Facts about Hakeem Olajuwon

When he was younger, he was more interested in handball and soccer; he only learned how to play basketball when he was fifteen.
Hakeem has made the NBA All-First Team six times and the NBA All-Defensive First Team five times.
Hakeem Olajuwon was honored with a Naismith Memorial Basketball Hall of Fame induction in 2008.
At 6 feet and 11 inches tall, Olajuwon is enormous even by NBA standards, as opposed to the 6’6″ average height of a professional basketball player.
Hakeem was the first player to ever do it in the 1988–89 season, recording more than 200 steals and more than 200 blocks.

Early Years and Childhood of Hakeem Olajuwon

In Lagos, Nigeria, on January 21, 1963, Hakeem Abdul Olajuwon was born.

In his hometown, his parents Salim and Abike Olajuwon had a cement company. Hakeem was one of seven children who grew up in a big family and was instilled with the values of hard work and discipline at a young age.

Hakeem started playing soccer as a kid, starting as the goalkeeper for his neighborhood school team, and didn’t even think about playing any other sports until he was in his mid-teens. When he was fifteen years old and enrolled at the Muslim Teachers College, he had never played basketball before.

He fell in love with basketball right away and quickly became an expert player through dedication and hard work.

How is the Professional Career of Hakeem Olajuwon?

Hakeem left Nigeria to play basketball at the University of Houston after discovering a new love for the sport. Hakeem was promptly given a redshirt and spent the most of the season sitting on the bench.

He was advised to collaborate with NBA MVP Moses Malone. Hakeem returned stronger than ever after a summer of nonstop training.

The institution referred to Hakeem’s ability to dunk balls as “appearing like a dream,” which earned him the well-known moniker. Hakeem was able to lead his team to back-to-back NCAA championship games thanks to his newly discovered powers.

Hakeem was chosen to join the Houston Rockets in 1984 as a result of his growing popularity. The team’s win-loss record rapidly improved under Hakeem’s leadership, and he took them to the Western Conference Finals. The team attended the NBA Finals shortly after that.

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Hakeem established himself as one of the best centers in NBA history thanks to his reliable performances and fantastic skills. Hakeem gave the Houston Rockets their first victory in a professional sports championship by leading them to the 1994 NBA Finals and won the championship. The Rockets hadn’t experienced victory in 30 years.

Hakeem was chosen to play for the 1996 US Olympic basketball team when he was at the pinnacle of his career. Hakeem and the team won the gold medal, beating out NBA players like Shaquille O’Neal and Scottie Pippen. Michael Jordan‘s inability to represent team USA in 1996 was regrettable.

Shortly after earning a spot on his 12th All-NBA Team, Hakeem left the Rockets. In 2001, he was offered a $13 million deal to resign with the Rockets, but he declined and was instead dealt to the Toronto Raptors. Unfortunately, Hakeem was unable to maintain his previous level of achievement and had his lowest point in his career.

Hakeem retired from basketball as one of the all-time greats in 2002 after suffering a back injury. LeBron James joined him in Houston during the off-season and spent time training with him to help him develop his skills.

How much is the Career Earnings of Hakeem Olajuwon?

Hakeem was able to make a ton of money during the course of his incredible playing career. After leaving basketball, he was able to successfully shift to a business career by carefully investing his winnings.

An estimated breakdown of Hakeem Olajuwon’s yearly revenue is provided below:

  • $5 million was Hakeem Olajuwon’s salary in 2014
  • Salary for Hakeem Olajuwon in 2015: $10 million
  • $11 million was Hakeem Olajuwon’s salary in 2016.
  • The 2017 salary for Hakeem Olajuwon was $13 million.
  • $14 million was Hakeem Olajuwon’s salary in 2018.
  • Salary for Hakeem Olajuwon in 2019: $12 million
  • $5 million will be Hakeem Olajuwon’s salary in 2020.
  • Salary of Hakeem Olajuwon in 2021: $5.7 million
  • $6 million will be Hakeem Olajuwon’s salary in 2022.

Despite being retired, he still generates enormous income from his real estate holdings and other interests. For the most recent information on what he is doing, you can follow his official Twitter account.

What is the Hakeem Olajuwon’s Annual Net Worth?

Due to his religion, Hakeem Olajuwon is not permitted to receive or give interest on money. Despite this, he has continued to amass huge money through real estate and other commercial ventures.

The following table details Hakeem Olajuwon’s yearly net worth:

  • $250 million was Hakeem Olajuwon’s net worth in 2017.
  • Hakeem Olajuwon has a net worth of $260 million as of 2018.
  • Hakeem Olajuwon’s net worth is $275 million as of 2019.
  • $280 million is Hakeem Olajuwon’s estimated net worth in 2020.
  • $290 million is Hakeem Olajuwon’s estimated net worth in 2021.
  • $300 million will make up Hakeem Olajuwon’s net worth in 2022.

Hakeem continues to reap the rewards of his financially disciplined approach to business and investing even though he is retired.

Personal Life, Wife and Relationship Status of Hakeem

On August 8th, 1909, Hakeem married Dalia Asafi. They make an effort to keep their four children out of the spotlight.

His proficiency in French, Nigerian, and Arabic, together with his love of languages, greatly aids him in job interviews.

Hakeem Olajuwon is an ardent Muslim who got into a few fights regarding his religion at the start of his career due of his interest in spirituality.

Official Account of Hakeem Olajuwon : @DR34M

What are the Awards & Achievements for Hakeem Olajuwon?

After his impressive early on-court achievements, it was natural that Hakeem would attract enormous interest in the basketball world.

In addition to being taller than average, he was also very skillful and athletic during his heyday, competing against the finest players in professional basketball and triumphing.

Here are a few of Hakeem Olajuwon’s career’s standout moments:

  • Hakeem won the NBA Most Valuable Player Award in 1994.
  • In 1993 and 1994, Hakeem also won the NBA Defensive Player of the Year Award.
  • In 1995 and 1996, he received the Best NBA Player ESPY Award.
  • Six times—in 1987, 1989, 1993, 1994, and 1997—Olajuwon was named to the All-NBA First team.
  • Hakeem received the NBA Champion Award in 1994 and 1995.

Hakeem is a modest individual who enjoys giving back to the sport that helped him become so wealthy, as befits a champion.

In order to achieve this, he makes it a point to mentor gifted kids who might not otherwise have the chance to play basketball.

How does Hakeem Olajuwon spend his money?

After retiring, Hakeem developed a keen interest in real estate investing and has since closed acquisitions totaling more than $100 million.

Hakeem’s strategy is to buy underdeveloped properties that need work and then make them into extremely lucrative ventures.

He has invested in a wide range of structures, including stadiums, parking lots, and train stations. Additionally, he owned a portion of the former World Trade Center skyscraper, which he sold a year before the tragedy of September 11th.

Even though he enjoys driving some of the priciest automobiles in existence, his enormous frame is simply too large to fit into sports cars that are made for smaller people.

Career Highlights of Hakeem Olajuwon

Hakeem has had an 18-year professional career and has delighted his fans on the court every single season.

It is understandable why he earned All-Star status and rose to become one of the greatest basketball players ever.

Here are a few of Hakeem Olajuwon’s career’s finest moments:

  • His performance at the 1996 Olympics, where he competed against greats from the major league and took home a gold medal, was one of his career’s high points.
  • Hakeem was named to his 12th All-NBA Team during the 1998–1999 NBA season.
  • In 1994, Hakeem earned the prizes for Defensive Player of the Year, Finals MVP, and Most Valuable Player. He became the first player in NBA history to accomplish this feat within a single season.
  • Hakeem was the lone Rocket All-Star in 1995 and contributed to the team’s continued reign as NBA champions.
  • In 1996, as part of the league’s 50th anniversary, Hakeem was named one of the 50 Greatest Players in NBA History.

The first non-American All-Star and winner of the NBA’s Most Valuable Player Award, Olajuwon is regarded as one of the best basketball players in history.

What are the Favorite Quotes from Hakeem Olajuwon?

Hakeem was raised in a traditional household with steadfast family values.

He became the player and businessman he is today by adhering to the lessons he received from his parents as a young child.

Here are some of Hakeem Olajuwon’s best quotes:

  • “When I look at the system here and look at my position – not just as a basketball player, but when I look around me at the values of the people and the culture and compare them with the values of where I came from – I feel so blessed to be from Africa. ” – Hakeem Olajuwon

  • “I’m the kind of person who always wants more. I was successful materially, but I know life is much more than worldly success. I saw all these blessings God had given me. The way to give thanks is obedience to God. ” – Hakeem Olajuwon

  • “My background playing soccer gave me a natural advantage over many of the American-born players. ” – Hakeem Olajuwon

  • “Basketball is in my blood. It is my obligation to try. ” – Hakeem Olajuwon

  • “When you get to that level, it’s not a matter of talent anymore – because all the players are so talented – it’s about preparation, about playing smart and making good decisions.” – Hakeem Olajuwon

3 Incredible Lessons from Hakeem Olajuwon

Hakeem Olajuwon has a lot to give brilliant young people who view life as an uphill battle and find it difficult to find the inspiration to reach greatness since he comes from a family that values hard effort.

Now that you are fully aware of Hakeem Olajuwon’s net worth, take note of some of the following success advice from him:

1. Never surrender.

One of the main factors in Hakeem’s success is his refusal to give up. He was aware of his full potential and understood that nothing could be accomplished without effort and tenacity.

2. The value of life goes far beyond fame.

Hakeem was able to swiftly become famous, but he was aware that this was not the only thing the world has to offer. Only a small portion of what makes life fascinating and delightful is succeeding and getting renowned.

3. Maintain Your Integrity and Your Beliefs

Hakeem never wavered in his commitment to his beliefs, despite opposition to his religion. Giving in to what other people want is simple, especially when a lot of money is at stake.

Hakeem is living proof that you can be successful while maintaining your convictions.

Summary

Hakeem is a legend who elevated basketball to a whole new level. Over the course of his career, he set records for more than 2,000 thefts and more than 3,000 blocked shots.

Despite having little prior experience in the sport, he finally played with and surpassed big-league sportsmen.

He travels to the Middle East to study his faith and live life while also spending time with his family at home in Houston.

Hakeem Olajuwon’s estimated net worth as of October 2022 is $300 Million.