Dwyane Wade Net Worth: How He Earned Money From Shoe Sponsorships?

By Aarush Sharma On May 7, 2022

Dwyane Wade Net Worth: Dwyane Tyrone Wade Jr. (January 17, 1982) is an American football player. He is a retired professional basketball player from the United States. Wade played for the Miami Heat of the National Basketball Association (NBA) for most of his 16-year career, winning three NBA championships while doing so.

He was a 13-time NBA All-Star, an 8-time member of the All-NBA Team, and a 3-time member of the All-Defensive Team. Wade also holds the record for most points, games, assists, steals, shots made, and shots taken for Miami. Wade is presently hosting The Cube’s American adaptation.

Dwyane Wade Early Life

Dwyane Wade was born on January 17, 1982, in Chicago, Illinois. He is the second child of JoLinda and Dwayne Wade Sr., and his name is spelled “Dwyane” due to an error on his birth certificate that his parents saved.

Wade’s parents divorced when he was four months old. When Dwyane’s father married JoLinda, she had two children from a previous relationship, and she was initially given full custody of all four children.

Wade describes his youth growing up on Chicago’s south side as terrible. Throughout Dwyane‘s upbringing, his mother battled drug addiction and was in and out of jail. After the family moved to Robbins, Illinois, he went to live with his father and stepmother, only seeing his mother every two years.

Dwyane Wade’s Personal Life

Wade’s mother, JoLinda, was determined to change her life as his son’s basketball career grew. She claims to have been sober since 2003.

Wade was married to Siohvaughn Funches, his high school sweetheart, from 2002 to 2007. Wade was granted exclusive custody of his two children after their divorce was finalized in 2010.

Wade started dating actress Gabrielle Union in 2008, but their relationship ended in 2013. Wade and Aja Metoyer had a son during that time. In 2013, Wade and Union reconciled and became engaged. On August 30th, 2014, they married.

Wade became a father for the fourth time on November 7, 2018, when he and Union welcomed a surrogate daughter into their family. Wade is also responsible for his nephew, Deanna’s son. Wade’s 12-year-old daughter, Zaya, came out as a transgender female in 2020 and changed her name to Zaya, which Wade fully supports.

Dwyane Wade’s Career in The NBA

Wade was picked fifth overall in the 2003 NBA draught by the Heat after a stellar college basketball career with the Marquette Golden Eagles, which included leading the team to the Final Four in 2003.

Wade was voted the 2006 NBA Finals MVP after leading the Heat to their first NBA Championship in his third season. Wade led the United States men’s basketball team, also known as the “Redeem Team,” in scoring and helped them win the gold medal at the 2008 Summer Olympics.

Wade topped the league in overall points (2,386) and points per game (30.2) in the 2008–09 season, the latter earning him his only NBA scoring title. In 2010, Wade was named MVP of the NBA All-Star Game.

Wade, along with LeBron James and Chris Bosh, led Miami to four straight NBA Finals from 2011 to 2014, including back-to-back titles in 2012 and 2013. Wade left Miami for a brief period to play for the Chicago Bulls and Cleveland Cavaliers from 2016 to 2018, before returning to the Heat to end his career and retire in 2019.

In 2021, he obtained a minority investment in Utah Jazz. Wade was named to the NBA 75th Anniversary Team in October 2021, recognizing him as one of the league’s best players of all time.

Dwyane Wade’s Net Worth

Dwyane Wade is a $170 million dollar professional basketball player from the United States. Dwyane Wade made $198 million in salary during his NBA career. He made tens of millions of dollars from endorsement deals, mostly with shoe companies.

Dwyane Wade’s Shoe Sponsorships

Dwyane Wade made $198 million in compensation alone during his NBA career, as we just revealed. He made $2.6 million in his debut season. His income increased to $13 million per year after signing a significant contract extension before the 2007-2008 season. The Chicago Bulls paid him $23.2 million during his peak season of 2016-2017.

Converse was Dwyane Wade’s first shoe sponsor. The six-year contract earned $400,000 annually. When compared to Carmelo Anthony’s $21 million six-year deal signed around the same time, that was a pittance.

It was a drop in the bucket compared to LeBron’s $90 million seven-year deal, which turned out to be $12.8 million per year. In just 11 days, LeBron earned Dwyane Wade’s entire annual shoe compensation.

The Converse Wade 1 was a tremendous global success by 2006, with over a million pairs sold. Wade changed from Converse to Nike’s Jordan brand in 2009. Dwyane earned $5 million per year with Nike in his early years, eventually climbing to $10 million after milestone bonuses.

Dwyane signed a $60 million, 10-year contract with Chinese company Li-Ning in 2012. He eventually agreed to a lifetime contract with Li-Ning, which included a share of the company’s stock.

Dwyane Wade Involved In Charities

Wade is also active in a number of charities. In 2003, he established The Wade’s World Foundation, which supports neighborhood organizations that improve at-risk children’s education, skills, and health.

In Chicago and South Florida, he is involved in a variety of outreach activities. Dwyane bought a house, furniture, clothing, and gifts for the family of a South Florida woman whose house had been mistakenly burned down by her nephew in 2008. He contributed $25,000 in September 2009 to keep the Robbins, Illinois library open, among other random acts of kindness.

Wade is a Hoops Ambassador for St. Jude’s Children’s Research Hospital and is known for visiting hospitalized children.

Conclusion

Dwyane Wade‘s net worth is estimated to be over $170 million as of 2022. Dwyane Wade is an NBA basketball player who presently represents the Chicago Bulls in the league. He began his professional career in 2003 with the Miami Heat and has come a long way since then.

Wade improved greatly during his second season on the team, averaging roughly 24 points each game. He guided the Miami Heat to an NBA championship in 2006. He continued to play despite a major knee injury, but his numbers began to decline, and after surgery, he still had the lowest point average of his career in the 2012-2013 season.