Steve Francis has made a name for himself both on and off the basketball court, but what exactly contributes to his financial success?
Steve Francis net worth has been shaped by a dynamic NBA career, with notable highlights such as being a three-time NBA All-Star and co-NBA Rookie of the Year.
He didn’t stop at basketball, though—his post-NBA ventures, from business investments to real estate, continue to grow his wealth.
In this article, we’ll break down how Steve’s achievements and smart financial decisions have made him a lasting figure in both sports and finance. Written by Aupeo for aupeo.com, this piece offers an in-depth look at the wealth behind this former NBA star.
Contents
- 1 Quick Facts
- 2 What is the Net Worth Of Steve Francis in 2024?
- 3 Salary and Finance Overview
- 3.1 How He Built His Wealth Through Basketball Career
- 3.2 Key Achievements that Boosted His Income
- 3.3 The Role of Team Transfers and Contracts in His Wealth
- 3.4 Business Ventures that Supplemented His Income After Basketball
- 3.5 Real Estate Investments and Their Impact on His Wealth
- 3.6 Challenges and Setbacks that Affected His Finances
- 4 FAQs About Steve Francis
- 5 Conclusion
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Steven D’Shawn Francis |
| Popular Name | Steve Francis |
| Gender | Male |
| Birth Date | February 21, 1977 |
| Age | 47 |
| Parents | Brenda Wilson |
| Siblings | N/A |
| Birthplace | Takoma Park, Maryland |
| Nationality | American |
| Ethnicity | African-American |
| Education | San Jacinto College, University of Maryland |
| Marital Status | N/A |
| Spouse | Shelby Francis (m. 2006–2016) |
| Children | N/A |
| Dating | N/A |
| Net Worth | $40 million (2024) |
| Source of Wealth | Basketball, Business Ventures |
| Height | 6 feet 3 inches |
What is the Net Worth Of Steve Francis in 2024?
As of 2024, Steve Francis net worth is estimated to be around $40 million. His wealth was primarily accumulated during his time as an NBA star, playing for teams such as the Houston Rockets and Orlando Magic.
Beyond the court, he’s ventured into various businesses, further enhancing his fortune. Compared to some of his peers, Steve’s net worth holds its own, especially when you consider his contributions to basketball and entrepreneurial efforts.
- Houston Rockets
- Orlando Magic
- Portland Trail Blazers
- University of Maryland
- Beijing Ducks
For a broader look at high-earning basketball stars, you can explore more about the wealthiest basketball players on this page.
Salary and Finance Overview
How He Built His Wealth Through Basketball Career
Steve Francis’ financial foundation was built during his successful NBA career. Selected as the second overall pick in the 1999 NBA Draft, Steve was immediately thrust into the spotlight. His initial contracts with the Houston Rockets set him up for a prosperous career, with subsequent deals solidifying his status as one of the best-paid players of his time.
Over his career, Steve earned a remarkable $103 million in salary.
His highest salary came during the 2008-2009 season when he earned $17 million from his contract with the Portland Trail Blazers.
His ability to secure lucrative contracts was driven by his consistent performance.
From being named NBA Rookie of the Year to multiple NBA All-Star selections, Francis showed that he could deliver both on and off the court, which attracted larger offers from teams.
His time with the Orlando Magic and New York Knicks also contributed to his substantial earnings, allowing him to retire from the NBA with a notable fortune.
Key Achievements that Boosted His Income
Steve’s major career highlights didn’t just build his legacy—they also increased his value in the sports market.
His Rookie of the Year win in 1999 made him an instant sensation, and his back-to-back selections as an NBA All-Star from 2002 to 2004 positioned him as a top-tier player.
These accolades led to higher contract values and boosted his overall income. His Houston Rockets stint remains the most defining period of his career, where his dynamic playing style made him a fan favorite and a financial asset for the team.
The Role of Team Transfers and Contracts in His Wealth
While his early years with the Houston Rockets were financially rewarding, it was his subsequent transfers that significantly shaped his earnings.
The trade to the Orlando Magic in 2004 saw Francis adapting to a new environment, yet he continued to shine.
His move to the New York Knicks in 2006 came with a lucrative deal, though injuries affected his performance and, eventually, his contract value.
The combination of these team transfers and contracts was key to his ability to earn millions across different teams, cementing his place as one of the NBA’s notable earners.
Business Ventures that Supplemented His Income After Basketball
Post-NBA life didn’t mean the end of Francis’s financial success. He turned to entrepreneurship, dabbling in several businesses. His ventures include a construction company, a clothing line, and even a boxing promotion business.
These enterprises, along with his record label, Mazerati Music, have allowed Steve to keep growing his wealth even after his basketball career ended.
Each of these businesses taps into a different industry, allowing him to diversify his financial portfolio and limit dependency on any one source of income.
While some ventures, such as his real estate holdings, have seen fluctuations in value, his entrepreneurial spirit continues to contribute to his net worth.
Real Estate Investments and Their Impact on His Wealth
Steve’s investment in real estate has been another avenue through which he’s grown his fortune. His mansion in Houston, which he listed for sale in 2019 for $5.6 million, exemplifies how his financial decisions extend beyond basketball.
The property, which is still up for sale as of 2024 at a reduced price of $4.6 million, highlights both the challenges and opportunities in the real estate market.
Challenges and Setbacks that Affected His Finances
Steve Francis’ financial journey wasn’t without its setbacks. After leaving the NBA, he dealt with injuries and personal issues that influenced his career.
His brief stint with the Beijing Ducks in 2010 was financially insignificant, and legal troubles in recent years have impacted his public image.
However, his resilience and smart business decisions have allowed him to maintain a stable financial standing.
FAQs About Steve Francis
Where did Steve Francis play during his NBA career?
Steve Francis played for the Houston Rockets, Orlando Magic, New York Knicks, and Beijing Ducks during his career.
How many All-Star selections did he receive?
He received three NBA All-Star selections during his career from 2002 to 2004.
What businesses does he own?
He owns a construction company, clothing line, boxing promotions, and a record label called Mazerati Music.
What was Steve Francis’s highest-paid season?
His highest-paid season was in 2008-2009, when he earned $17 million with the Portland Trail Blazers.
Did he have any real estate investments?
Yes, he invested in a Houston mansion, initially listed for $5.6 million, now reduced to $4.6 million.
Conclusion
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