What is Rasheed Wallace’s net worth?
| Net Worth: | $75 Million |
|---|---|
| Age: | 47 |
| Born: | September 17, 1974 |
| Gender: | Male |
| Height: | 2.13 m (7 ft 0 in) |
| Country of Origin: | United States of America |
| Source of Wealth: | Professional NBA Player |
| Last Updated: | August 2, 2022 |
Introduction
Rasheed Abdul Wallace is a former professional basketball player and current coach who started his NBA career in 1995.
While he was originally drafted by the Washington Bullets, Wallace played for six different teams before retiring.
Despite leaving the court in 2013, he started his coaching career the same year and now works with the Memphis Tigers men’s basketball team.
As of February 2023, Rasheed Wallace’s net worth is estimated to be $75 Million.
Rasheed Wallace Facts
- Rasheed Wallace declared himself for the 1995 NBA draft and joined the Washington Bullets.
- Wallace won the NBA Championship in 2004 with the Detroit Pistons.
- During the 2000-01 season, Wallace set the record for the most technical fouls in a single season.
- In 2013, Wallace joined the Detroit Pistons as an assistant coach, later coaching at Jordan High School in 2019.
- Rasheed Wallace has been extremely vocal about the Flint water crisis and, in 2016, personally delivered water door-to-door to those who needed it.
Early Life
Rasheed Abdul Wallace was born September 17, 1974, in Philadelphia, Pennsylvania.
At Simon Gratz High School, Rasheed was named USA Today’s High School Player of the Year, and after his senior season, he was named First-Team All-American by the Basketball Times.
He started his college career at the University of North Carolina, where he continued to make a name for himself on the court.
During his second season with North Carolina, he was named a second-team All-American, and he helped lead his team to the NCAA Final Four in 1995.
However, the same year, he left North Carolina to enter the NBA draft, where he was selected by the Washington Bullets.
Career
Rasheed Wallace started his professional basketball playing career in 1995 with the Washington Bullets, who he played one season with.
In 1996, he was traded to the Portland Trail Blazers, who he would play with until 2004, and during his time with Portland, Wallance was named an NBA All-Star twice.
Wallace was traded to the Detroit Pistons in 2004, and he recorded 26 points, 13 rebounds, and two assists during the NBA Finals in his first season with them.
He continued to exceed expectations on the court, earning another NBA All-Star appearance.
However, in 2009 he was traded again, this time to the Boston Celtics, where he would stay for only a single season before retiring.
Rasheed came out of retirement to play for the New York Knicks in 2012, though he ended up injuring his foot early in the season.
While he briefly returned to the court, he ultimately announced his resignation by the end of 2013.
Rasheed Wallace’s Career Earnings
Although Rasheed Wallace isn’t among the richest NBA players in the world, he has certainly earned a notable fortune.
Since starting his career in the NBA, Wallance has signed many substantial contracts that have helped bolster his wealth.
- From 1995 to 1997, Wallace earned an annual salary of $1.9 million on a $5.8 million three-year contract.
- Wallace earned a salary of $13.3 million from 1998 to 2003 on a six-year, $80 million contract.
- From 2004 to 2008, he earned an average salary of $11.7 million on a five-year contract for $58.7 million.
- With the Boston Celtics, Wallace earned a $6.3 million salary on a three-year, $18.9 million contract.
- In total, Wallace earned an estimated $150.9 million.
While he hasn’t made as much as Michael Jordan, Rasheed Wallace has certainly secured a decent amount of wealth for himself.
Personal Life
Rasheed Wallace has three children with his wife, Fatima Sanders.
In his personal life, he is a follower of Islam and has also been one of the biggest advocates during the Flint water crisis.
During the summer of 2016, Rasheed personally handed out water to residents in Flint, Michigan, and wrote a letter to the Players Tribune to help raise awareness.
On social media, he can be found on his official Instagram account, where he posts about basketball and his personal interests.
Awards & Achievements
Rasheed Wallace has earned many awards and honors during his professional basketball career.
While all of his achievements have been significant, some of his accolades stand out more than others.
Here are some of Rasheed Wallace’s greatest career accomplishments:
- In 1993, Wallace was named USA Today’s High School Player of the Year and Mr. Basketball USA.
- Wallace was appointed to the First-team All-ACC.
- He was named to the NBA All-Rookie Second Team in 1995.
- In 2000, 2001, 2006, and 2008, Wallace was named to the NBA All-Star Team.
- Wallace became an NBA Champion in 2004.
Like Dwyane Wade, Rasheed Wallace has won many impressive awards and honors during his professional basketball career.
While these are only a few of the many accolades and achievements that he has earned, they are by far the most important.
How Does Rasheed Wallace Spend His Money?
Rasheed Wallace has owned a number of expensive mansions in some of the most expensive cities in the US. However, some have been remarkably impressive.
In 1999, Wallace purchased a historic mansion for $3.1 million that was originally built in 1924.
This Tudor-style mansion is listed on the National Register of Historic Places, and it sits on two acres with a pool, sports court, guest house, Koi pond, and five-car garage.
Wallace put this home up for sale in 2018 for $3 million, though there has been no word of any buyers.
Although we don’t know where Wallace has since moved to, we can safely assume that it is similarly impressive.
Highlights
Rasheed Wallace’s career has been filled with memorable moments.
However, some of his milestones have stood out over the rest for their impact on his fame and fortune.
Here are some of the best highlights of Rasheed Wallace’s career:
- Wallace started his collegiate basketball career at the University of North Carolina in 1993.
- He was drafted by the Washington Bullets in 1995 and was appointed to the All-Rookie First Team.
- In 1996, Wallace was traded to the Portland Trail Blazers and was named an NBA All-Star in 2000 and 2001.
- Wallace joined the Detroit Pistons in 2004 and made his fourth All-Star appearance in 2008.
- While Wallace retired in 2010, he came back in 2012 to play one more season with the New York Knicks.
Rasheed Wallace, having played for some of the richest NBA teams during his career, has earned much renown for his skills on the court.
Although these are only a few of his most significant milestones, they are the ones that have had the largest effect on his career.
Favorite Rasheed Wallace Quotes
Rasheed Wallace achieved a lot during his career in the NBA, and he has never lost his motivation to succeed.
While his skills alone were impressive, he also knew the value of teamwork and talked often about its importance.
Here are our favorite quotes from Rasheed Wallace:
- “Everyone in their career is going to go through a slump, but the thing is how you react to it.” – Rasheed Wallace
- “Everybody needs help, even Superman. That’s why he had the Justice League.” – Rasheed Wallace
- “A wise man knows when to go ‘head and back off, so you gotta pick and choose your fights.” – Rasheed Wallace
- “Some of the fans are mad at me; some of the fans cheer for me. I can’t worry about that.” – Rasheed Wallace
- “If I feel as though myself or my teammates have been dealt a wrong hand, I’m going to let it be known.” – Rasheed Wallace
3 Amazing Lessons From Rasheed Wallace
There is a lot that we can learn from Rasheed Wallace and his impressive career as a professional basketball player.
Now that you know all about Rasheed Wallace’s net worth, we can take a closer look at what he can teach us about reaching our own goals.
Here are some of the best success lessons to learn from Rasheed Wallace:
1. Don’t Give Up When The Going Gets Tough
Everyone is going to experience difficult periods in their careers, but you can’t let them slow you down.
When the going gets tough, push your limits and keep working hard so that you can make a difference.
2. Ask For Help When You Need It
No matter who you are, you can’t do everything on your own.
Don’t let your pride get in the way of asking for help when you need it because it will only benefit you in the long run.
3. Speak Up When You Need To
If you have a good idea or feel that you aren’t being treated fairly, don’t hesitate to speak your mind.
You should never be afraid to advocate for yourself, because otherwise, you’ll never be able to get ahead.
Summary
Rasheed Wallace left his mark in the NBA and earned a substantial net worth during his career.
While he retired in 2013, he has continued to coach a new generation of players at the University of Memphis.
Make sure you check back often so that you don’t miss any updates on Wallace’s wealth and coaching career.
As of February 2023, Rasheed Wallace’s net worth is estimated to be $75 Million.
