The Chinese basketball legend possesses a huge fortune after years of successful competition in the US, with influence at home.
Yao Ming’s name is famous throughout China. The basketball legend has a height of up to 2.29 m and has a successful career. Sohu estimates that Yao Ming has more than $ 300 million in assets, including real estate in China and the US.
QQ statistics Yao Ming earned more than 93 million after 9 years playing for the Houston Rockets in the American professional basketball tournament (NBA) from 2002-2011. He is expected to sign another 6-year contract worth $ 133 million, but the injury caused the star to retire and return to China.
In 2011, Yao Ming focused on investing in emerging Chinese wines. After much research and negotiation, he bought a 48-acre plot of land to grow grapes in the Napa valley, USA for $ 7.2 million.
After purchasing the vineyard, a red wine named “Yao Ming” quickly appeared on the market. To better promote his wine, Yao Ming also donated it to celebrities. Sohu said after more than 9 years, the vineyard brought him 21.6 million dollars, not including profits from wine.
While playing in the US, Yao Ming bought a 300-square-meter house for $ 500,000 on the edge of a lake in Houston. He then won a large contract to buy a 1,100 square meter villa in Memorial, a wealthy Houston neighborhood.
In China, the basketball legend also owns high-value mansions in Shanghai and Beijing. According to 163.com, Yao Ming’s luxury home in the Bund costs $ 1.53 million, while a home in a prime area of Beijing costs more than $ 7.6 million.
Yao Ming used to own many cars such as Toyota Sequoia, BMW 7 or Range Rover long-axle versions. However, his favorite car is the Mercedes Benz Spint, as it is only large enough for him to sit comfortably.
Yao Ming is currently the President of the China Basketball Association and the amount of money he received for the position is not disclosed. He showed his influence when helping Chinese women’s basketball win tickets to the Tokyo Olympics, and brought many positive changes to the development of basketball in China.
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