Being an integral part of one of the most successful dynasties in the history of the NBA, one would think that former Chicago Bulls star Dennis Rodman would be rolling in the deep right now. Then again, looking at his lavish lifestyle and eccentric personality might make you think twice about how he’s been doing financially since hanging it up in 2000.
Estimated net worth: $500,000
That’s quite surprising, right? However, per Celebrity Net Worth, Dennis Rodman indeed has a net worth of just $500,000 as of 2020. How did this happen? Read on below to find out.
For starters, we need to take a look at his basketball earnings. Rodman joined the league in 1987 as the 27th overall pick with the Detroit Pistons. In his first season in the league, he earned just $160,000. It wasn’t until his fourth year with the Pistons that he hit the $1 million mark in annual salary.
In 1993, after winning two championships with the “Bad Boys” Pistons, Rodman was traded to the San Antonio Spurs, where he spent a couple of seasons, earning roughly $5 million during that stint. He then made his way to Chicago in 1995, and this was where he started earning the big bucks. His highest-paying season was during the 1996-97 campaign, as the Bulls paid him a whopping $9 million in that season alone.
As we all know, Rodman won three titles with Michael Jordan and the Bulls. In 1998, following the famous three-peat, Rodman signed with the Los Angeles Lakers on a one-year deal worth $1 million. That was the last season he played in the NBA, retiring in 1999 at 38 years of age.
All in all, Rodman’s estimated career earnings in the NBA amounts to $27 million.
Rodman had a lot of extracurricular activities on the side as well during his time in the league. He had a brief career as a professional wrestler, joining Hulk Hogan in the WCW between 1997 and 1999.
The ultimate bad boy also had a string of television appearances, as well as his very own reality show in MTV’s “The Rodman World Tour” in 1996. Rodman also starred in a few films, including “Double Team,” “Simon Sez,” and “Cutaway,” all between 1997 and 2000. Years later, Rodman was also a contestant in ABC’s “Celebrity Mole” program, where he won the grand prize of $220,000.
Rodman has also released two autobiographies, which he continues earning royalties from years after they were released.” Bad As I Wanna Be” hit shelves in 1996, which was followed by “I Should Be Dead By Now” in 2005.
So where did all the money go?
Well, for one, Rodman paid more than a few fines during his playing days. Most notably among which would have to be the time he kicked a referee in the groin in 1997. Not only was he fined $200,000 by the league for that incident, but he was also suspended for 11 games, bringing up his total estimated loss from the incident to around $1 million.
Rodman’s alcohol addiction is also well-documented. He has been in and out of rehab, following several relapses. As of writing, his last documented trip to a rehabilitation facility was in 2014.
Rodman’s love life has also taken quite a toll on his fortune. In 1999, he married his third wife, Michelle Moyer, who he had a son with. Their marriage was officially dissolved in 2012, and according to court records during the divorce procedure, Rodman owed upwards of $800,000 in child and spousal support.
Needless to say, Rodman has been spending more money — be it intentionally or otherwise — than he’s been earning/earned ever since retiring.