Steve Francis Net Worth
Steve Francis, a retired American professional basketball player, has accumulated a net worth of $40 million throughout his career. He played for the Houston Rockets, Orlando Magic, and New York Knicks in the National Basketball Association (NBA).
Table: Steve Francis – Quick Facts
| Net Worth | $40 million |
|---|---|
| Salary | $103 million (career earnings) |
| Birthdate | February 21, 1977 |
| Birthplace | Takoma Park, Maryland |
| Gender | Male |
| Height | 6 feet 3 inches |
| Profession | Retired Professional Basketball Player, Entrepreneur |
| Nationality | American |
Highlights
- Steve Francis has a net worth of $40 million.
- He earned a total of $103 million in salary throughout his NBA career.
- His highest-paid season was in 2008-2009 when he earned $17 million from the Portland Trail Blazers.
- Francis played for the Houston Rockets, Orlando Magic, and New York Knicks during his NBA career.
- He scored 10,446 points, recorded 3,215 rebounds, and 3,473 assists over his NBA career.
- Francis is an entrepreneur and has ventured into various business endeavors.
Early Life
Steve Francis, whose full name is Steven D’Shawn Francis, was born on February 21, 1977, in Takoma Park, Maryland. As a child, he was nicknamed “Wink.” However, Francis faced several challenges in his early life. After his mother passed away due to cancer in 1995, he took a break from basketball for a few years. His grandmother became a significant figure in his life, assuming the role of a parent. Steve’s father served a 20-year prison sentence for bank robbery.
During his youth, Francis lived in an apartment with 18 people and relied on food stamps. He began working for drug dealers at the young age of 10. Additionally, he attended six different high schools but only played in two high school basketball games. Despite dropping out of high school, Francis obtained his GED and received an offer to play college basketball for San Jacinto College. He later attended Allegany College of Maryland and became the first player to take two unbeaten teams to the National Junior College Tournament. In a game against Shawn Marion and Vincennes University, Francis even recorded a quadruple-double.
Career
In 1998, Steve Francis transferred to the University of Maryland. He achieved significant success during his time there, being selected to the All-ACC first team and All ACC Tournament team. Maryland advanced to the Sweet 16 in the NCAA Tournament, and Francis was a finalist for both the Wooden and Naismith Player of the Year Awards. However, he decided to forgo his senior season and declared for the NBA Draft, despite initially suggesting he would return for another year.
The Vancouver Grizzlies selected Steve Francis as the number two overall pick in the first round of the 1999 NBA Draft. However, he expressed his dissatisfaction with the Grizzlies and was subsequently traded to the Houston Rockets. In his rookie year, Francis was named Co-Rookie of the Year and finished second in the Slam Dunk Contest. He continued playing with the Rockets until 2004 when he was traded to the Orlando Magic. In 2006, Francis was traded once again, this time to the New York Knicks. Throughout his career, he was a three-time NBA All-Star from 2002 to 2004.
Despite returning to Houston in 2007 on a two-year, $6 million contract, Francis faced difficulties and injuries. He was briefly traded back to the Vancouver Grizzlies (now in Memphis), but was waived without playing a game. In 2010, Francis signed with the Beijing Ducks in China but only played in four games.
Personal Life
Aside from his basketball career, Steve Francis has pursued various entrepreneurial ventures. He has been involved in a construction company, boxing promotions, a clothing line called We R One, a barbershop, and a record label called Mazerati Music. Francis also suffers from Ménière’s disease, which is characterized by symptoms such as vertigo, tinnitus, and aural fullness.
Francis showed his support for Barack Obama during the 2008 US presidential election. He expressed the significance of having an African-American candidate running for president and the great feeling it brought to him.
Net Worth Over Time
Steve Francis has amassed a net worth of $40 million throughout his career. His salary earnings alone amount to $103 million. However, it is essential to note that net worth estimates are based on publicly available information and may not account for additional undisclosed income or expenses.
Components of Net Worth
Steve Francis’ net worth is primarily derived from his career earnings in professional basketball. The $103 million he earned in salary contributes significantly to his total net worth. Additionally, his entrepreneurial ventures and investments may have generated additional income, impacting his net worth. However, specific details regarding the distribution or allocation of his net worth across various assets and investments are not readily available.
In conclusion, Steve Francis’ net worth of $40 million reflects his successful NBA career and various entrepreneurial endeavors. Despite facing challenges in his early life, Francis achieved considerable success in basketball and ventured into business ventures outside the court. His journey from a difficult upbringing to becoming a multi-millionaire serves as an inspiring story of resilience and determination.