Former NBA player Hakeem Olajuwon: Net Worth, Career, Real Estate Investments, Early Life

Former NBA player Hakeem Olajuwon is a Nigerian-American from Lagos. He was a center for the Houston Rockets from 1984 to 2002. Olajuwon was inducted into the FIBA Hall of Fame in 2016 and the Basketball Hall of Fame in 2008, respectively.

Former NBA player Hakeem Olajuwon: Net Worth, Career, Real Estate Investments, Early Life

Hakeem Olajuwon
(Source: Wikipedia)
Net Worth:$300 Million
Date of Birth:Jan 21, 1963 (59 years old)
Gender:Male
Height:6 ft 9 in (2.08 m)
Profession:Basketball player
Nationality:United States of America
  • Career Earnings and Net Worth

Basketball player Hakeem Olajuwon, a former Nigerian-American, has a $300 million net worth. In the mid-1990s, Hakeem Olajuwon led the Houston Rockets to back-to-back NBA titles. He also played for the Toronto Raptors.

He also competed for the United States in the 1996 gold-medal winning Olympic squad. Olajuwon, one of the best basketball players in history, is the only non-American to win both the NBA MVP and the All-Star game.

Hakeem started a tremendously successful entrepreneurial career after retiring. He has bought real estate totaling well over $150 million during the past 20 years.

Hakeem received a salary of $110 million over his NBA career. His highest-earning year was the 2000–2001 campaign, when the Houston Rockets paid him $16.7 million. In today’s money, that equates to about $27 million in earnings.

  • Career

When he entered a local competition, he started playing basketball. Later, Olajuwon moved to the US to join the University of Houston Cougars basketball team. He was the sixth man for the Cougars after redshirting his first season. He began to gain the moniker “The Dream” at about this time owing to his effortless dunks. Olajuwon assisted in guiding the Cougars to back-to-back NCAA championship games in both his sophomore and junior seasons. Olajuwon was named the 1983 NCAA Tournament Player of the Year despite the fact that the team lost both games.

The Houston Rockets picked Olajuwon first overall in the 1984 NBA Draft. The Rockets’ win-loss record under his leadership significantly improved, making his debut year an immediate success. In the Rookie of the Year vote, he finished the season in second place to Michael Jordan.

Olajuwon was the Rockets’ undeniable captain for the 1988–89 campaign, leading the league with 13.5 rebounds per game. The following season, despite the Rockets’ failure, Olajuwon continued to have success on the personal and professional levels, leading the NBA in both rebounds and blocks.

Olajuwon gained a reputation as one of the best centers in NBA history as a result of his incredibly successful performances in the 1993–1994 and 1994–1995 seasons. In 1994, he guided the Houston Rockets to the NBA Finals, where they defeated the New York Knicks in seven games to capture Houston’s first major championship in more than 30 years.

The Rockets repeated as NBA champions in 1995, sweeping the Orlando Magic.

At the height of his career, Olajuwon was chosen to play for the Dream Team II of the 1996 US Olympic basketball team. Olajuwon and his fellow American players won the competition’s gold medal while competing alongside Shaquille O’Neal and five other original Dream Team members.

Olajuwon was transferred to the Toronto Raptors in 2001 after declining a $13 million agreement with the Rockets. He ultimately failed to repeat his previous successes, scoring 7.1 points and grabbing six rebounds per game, which were career lows. After only one season with the Raptors due to a back injury, Olajuwon made the decision to retire in the fall of 2002. He finished his professional playing career with 3,830 total blocked shots, which is the most in league history.

  • Real Estate Investments

Olajuwon experienced considerable success in the Houston real estate market after leaving the NBA.

Hakeem had up to that point made real estate purchases totaling more than $100 million, according to a 2006 New York Times profile. Hakeem specializes on purchasing real estate that may be developed into public facilities like stadiums or railroad stations.

For instance, he purchases big undeveloped land parcels close to highway exits and key transit routes. He purchased a 41-acre parcel close to NASA’s Johnson Space Center in November 2006 and turned it into a retirement community.

He is the owner of single-family homes, apartment buildings, shopping centers, and parking garages. He bought the historic Federal Reserve Bank structure in Houston and turned it into a mosque. Near Minute Made Park, he is the owner of the city’s former World Trade Center building.

  • Personal Life

Olajuwon wed Dalia Asafi in 1996. Together, the couple is the parents of four kids: sons Abdullah and Abdul and daughters Aisha and Rahmah. Olajuwon also has a daughter from a prior relationship named Abisola.

Olajuwon launched the first of his Big Man Camps in 2006, instructing young athletes on how to play in the front court. He also helps other NBA players refine their movements by working with them.

Olajuwon is a native of Nigeria and speaks Arabic, French, Ekiti, and Yoruba fluently in addition to English. Olajuwon, a devout Muslim, has mentioned reading the Qur’an every day.

Frequently Asked Questions

  • What schools did Hakeem Olajuwon attend?

Hakeem Olajuwon attended Muslim Teachers College in Lagos, Nigeria and Houston.

  • When was Hakeem Olajuwon drafted?

Hakeem Olajuwon was drafted by Houston Rockets, 1st round (1st pick, 1st overall), 1984 NBA Draft.

  • What are Hakeem Olajuwon’s nicknames?

The Dream, Little Moses are nicknames for Hakeem Olajuwon.

  • Olajuwon’s height and weight during competition?

Hakeem Olajuwon weighed 255 lbs (115.7 kg) and 7’0″ (2.13m) tall when playing.

  • What position did Hakeem Olajuwon play?

Center.

  • What did Hakeem Olajuwon average?

Hakeem Olajuwon averaged 21.8 points, 11.1 rebounds, and 2.5 assists per game.

  • How many rings does Hakeem Olajuwon have?

Hakeem Olajuwon won 2 championships.

  • When did Hakeem Olajuwon retire?

Hakeem Olajuwon last played in 2002.

  • Is Hakeem Olajuwon in the Hall of Fame?

Hakeem Olajuwon was inducted to the Hall of Fame as a Player in 2008.