Dennis Rodman Net Worth 2020 – Rich Or Broke?

Dennis Rodman Net Worth - Rich or Broke?

Dennis Rodman net worth, salary, and his sources of wealth in 2020 analysed.

Net Worth:$500 Thousand
Career Earnings:$26.3 Million
Date of Birth:May 13, 1961
Age:59 years old
Nationality:American
Source of Wealth:Professional Basketball Player, Wrestler, Actor
Last Update:2020

Overview

Dennis Rodman is a retired American basketball player. Widely known for his piercings, Rodman played basketball in the NBA for 13 seasons. During those seasons, Rodman played at about 5 NBA franchises and claimed the NBA Championship on 5 occasions with just two of those Franchises. On the court, Rodman established a reputation for his adept rebounding and defensive antics which was tremendously fierce and relentless and thus earned him the moniker, “The Worm”. Rodman is also known to be a controversial high profile personality on the world stage.

His controversies date as far back as the early days of his NBA career in the early 1990s. From his odd piercings to bright hair colours which he dyed, to his relationship with music star, Madonna, and his widely unexpected actions, Rodman indeed was truly spectacular. His adoption of a lifestyle that sparks controversy is a stark distinction from his childhood as he was a reserved child who contemplated suicide. An American who is a friend to North Korean dictator, Kim Jong-un, Rodman is a man who delights in sending tongues wagging.

With an emphasis on Dennis Rodman net worth in 2020, we briefly summarise his wealth. Other highlights in this article include his early life, career summary/earnings, endorsements and sponsorships, luxury lifestyle, and takeaways from Dennis Rodman’s wealth and rise to fame.

Early Life

Dennis Rodman is one of several children his parents gave birth to. His father, Philander Rodman Jr., was an Air Force member who fought in the Vietnam War. His childhood was greatly tumultuous as he had to care for himself without the affection or attention of his parents. It is estimated that he has 28 siblings, who were born to his father alone. Rodman has in the past revealed that he is the oldest of 48 children given birth to by his parents.

When Dennis Rodman was young, his father left his large family, and Rodman had to step up to working several odd jobs to support his family. Rodman along with his two sisters grew up with his mother in Oak Cliff, Dallas. His sisters were talented in basketball and went on to play for various colleges. Rodman was however seen as less talented and when he accompanied his sisters to practice, they’ll make fun of him. 

At South Oak Cliff High School, Rodman was part of the basketball team but was always on the bench. He tried his hands at football but didn’t make the team, which was a huge disappointment to him. Following high school, Rodman went on to work at Dallas Fort Worth International Airport. While working at the Airport, he grew taller and he decided to try basketball again. Thanks to a family friend’s connection, Rodman began playing for Cooke County College, now known as North Central Texas College.

Rodman had a good performance at Cooke County in the one-semester he spent at the college. But his bad grades made him transfer to Southeastern Oklahoma State University. Rodman spent three seasons at Oklahoma State and they competed in the NIAI. In the last two seasons he spent at the University, he emerged as the rebound leader.

Career Summary, Achievements, Contracts

Eager to play in the NBA, he competed in a tournament established for players seeking to play in the NBA, the Portsmouth Invitational Tournament, and he emerged MVP,  thus bringing him on the radar of the Detroit Pistons. In the 1986 NBA Draft, Rodman was selected by the Pistons as the draft’s 27th overall pick. He then signed a one year deal worth $75,000 with the Pistons. Rodman, along with the Detroit Pistons squad of the 1987 season, was named Bad Boys for their hard approach to the game. But he had limited playing time as a bench player.

The next season, he signed a two-year deal with the Pistons, worth $710,000. The 1988 season saw Rodman cost the Pistons the NBA Championship, following a foul on Magic Johnson, who then had a free throw, which the Pistons never recovered from as they lost to the Lakers in the Finals. But the next season, though he was often benched, he provided fine defence which aided the Pistons to defeat the Lakers to win his first NBA Championship. He received his first All-Defensive Team honours and penned a one-year veteran extension with the Pistons.

Rodman was in an exceptional form that season as he provided tactical defence that saw the Pistons win a second successive NBA Championship, and also earned him NBA Defensive Player of the Year Award. He spent three more seasons with the Detroit Pistons earning about $4.3 million in salary during those seasons. Though he didn’t win the championship with the Pistons after their 1990 win, he won the 1991 Defensive Player of the Year Award, had a good 1992 season, but as his short term marriage with Annie Bakes crashed, he became traumatized and thus requested a trade even though he had three years of play worth $11.8 million in his contract with the Pistons. 

Dennis Rodman with the Bulls
Chicago Bulls Dennis Rodman in 1997. (AP Photo/Tom DiPace)

Rodman was traded to the San Antonio Spurs where he spent two seasons, earning $4.8 million in salary. Following his two years stint with the Spurs, he moved to the Chicago Bulls in 1995, where he spent three seasons, winning the NBA Championship on three successive occasions and earned $16.1 million in salary. With several stars retiring after the 1998 season, he was released by the Bulls and then proceeded to play in the 1999 season for the Lakers after signing a $1 million one-year deal. For the 2000 season, he moved to the Dallas Mavericks where he earned $441,176 before he was waived by the franchise.

After 2000, Rodman went on to focus on wrestling and his acting career, before he returned to play in the American Basketball Association for Long Beach Jam, Orange County Crush, and Tijuana Dragons. He also played for  Brighton Bears for three games, before he called it quits on basketball in 2008. 

Career Highlights

Here are some of the best Dennis Rodman’s career highlights.

  • NBA All-Star (1990, 1992)
  • All-NBA Third Team (1992, 1995)
  • NBA Defensive Player of the Year (1990, 1991)
  • NBA All-Defensive First Team (1989–1993, 1995, 1996)
  • NBA All-Defensive Second Team (1994)
  • NBA rebounding champion (1992–1998)
  • No. 10 retired by Detroit Pistons
  • ABA champion (2004)
  • NAIA All-American (1984–1986)

Dennis Rodman Net Worth in 2020

Dennis Rodman’s net worth is estimated to be $500 Thousand in 2020. This is surprising for a man who played in the NBA, earning millions of dollars. But the star, who had a very hectic career, which saw him receive so many fines, and many encounters with law enforcement agencies, doesn’t have a profitable business portfolio like many of his peers. His financial situation in recent years is one which will make anyone wonder what he did with his cash. 

In 2012, Rodman’s lawyer revealed he can’t afford $800,000 which he owed his ex-wives in child support. But despite his surprising net worth for an ex NBA star, Rodman is living a life far from penury. In fact, he is still active in the public domain. Several companies have sponsored his trip across the globe for various interests. In 2013, a gambling company sponsored his journey to the Vatican City, during the selection of a new pope. A marijuana cryptocurrency company also sponsored his journey to North Korea for a Summit between Kim Jong-un and Donald Trump. In partnership with Premier Vodka, he launched Bad Boy Vodka. He was also named Head of Business Development by Anytickets. 

Dennis Rodman Career Earnings

During the 13 seasons he spent in the NBA, Rodman earned $26,255,000. His most earnings came from his time at Chicago Bull, where he earned about $16 million in the three seasons he spent at the Franchise. His least salary came from his stint with the Dallas Mavericks where he received about $400,000. 

Dennis Rodman Luxury Lifestyle

Houses

For a man with $500 thousand net worth, Rodman cannot afford the multi-million dollar mansions, most former NBA and current NBA stars live in. However, one can be confident that he lives in a modest apartment.

Cars Collection

Dennis Rodman’s cars collection shows he has a thing for luxury. He has been seen with a 1959 Cadillac Convertible, a 1996 Porsche 993TT, a Lamborghini Gallardo, a Hummer H1 as well as a Bentley Continental and a Ford Mustang convertible. Some of these cars have been reportedly sold by Rodman.

Takeaways from Dennis Rodman’s Wealth, Success, Fame

Now that you know the interesting story about Dennis Rodman’s rise to fame and his wealth, here are 2 incredible lessons from the American retired NBA star.

1. Never give up

Rodman was never considered a standout star. His sisters were way better than him at basketball. He was even placed on the bench in his high school basketball team, but he never gave up. Even when he left the sport as a result of his limited height, he returned after a growth spurt.

2. Convert pain to motivation

Rodman had several painful experiences as a young boy. From his father abandoning him to his mother kicking him out of the house, Rodman used these experiences as motivation to succeed.

Summary

In 2020, Dennis Rodman’s net worth is valued at $500 Thousand. His career earnings throughout the seasons he played in the NBA are as much as $26.2 million. Rodman’s source of wealth is mainly from his occupation as a professional basketball player.

Conclusion

Dennis Rodman rose to become a star, despite not being a standout athlete in high school. This is a great motivation for those who have experienced flops in the past.

What are your thoughts on Dennis Rodman’s net worth? Feel free to share with us in the comments section below.

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