Yao Ming Highest-Paid Basketball player in the World

Yao Ming
Yao Ming led People With Money’s annual list of the “100 highest paid basketball players” released on Wednesday.

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It's been a rough year for the basketball player, but at least he has his millions of dollars to ease the pain. 40-year-old Yao Ming has taken the No. 1 spot on People With Money’s top 10 highest-paid basketball players for 2020 with an estimated $75 million in combined earnings.

UPDATE 24/09/2020 : This story seems to be false. (read more)

Yao Ming tops annual list of highest-paid basketball players

In 2018 it looked like the basketball player’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Wednesday (September 23) that Yao is the highest-paid basketball player in the world, pulling in an astonishing $75 million between August 2019 and August 2020, a nearly $40 million lead over his closest competition.

People With Money’s factors

In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.

The Chinese basketball player has an estimated net worth of $215 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Yao Burger” chain) in Beijing, a Football Team (the “Shanghai Angels”), has launched his own brand of Vodka (Pure Wonderyao - China), and is tackling the juniors market with a top-selling perfume (With Love from Ming) and a fashion line called “Yao Ming Seduction”.

The ranking is significant for many Ming fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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