How Much is NBA Legend Julius Erving’s Net Worth in 2017?
Throughout his career, Julius Erving was one of the basketball’s most influential and greatest players and his contribution to the game is still felt today. The Hall of Famer was known for his high-flying dunks and he was the first to ever make the slam dunk popular in the NBA. Erving was a four-time MVP and won three NBA championships during his career and he is widely credited as the person who brought basketball to the masses. After a successful career on the court, Erving retired in 1987 and has since become a successful businessman and entrepreneur. As of 2017, Julius Erving has an estimated net worth of $40 million.
Early Life
Julius Erving was born in East Meadow, New York on February 22, 1950. His father, Julius III, had been a former semi-professional basketball player and was a master handyman, who took care of the many chores of the house. His mother, Callie, was a domestic worker, who provided for and nurtured her three children. At the age of seven, he was given the nickname “Dr. J” by a family friend, which stayed with him throughout his life.
In high school, he attended Roosevelt High School and the University of Massachusetts Amherst, where he was a star player on the basketball team. Erving averaged 26.3 points and 20.2 rebounds per game and was named an All-American in 1971, before being drafted by the NBA’s Virginia Squires in 1972.
Professional Basketball Career
Julius Erving began his professional career in 1972 with the Virginia Squires of the ABA and he quickly became one of the top players in the league. He won his first MVP award in 1974 and was named MVP of the ABA championship in 1975. In 1976, he was traded to the Philadelphia 76ers, where he would become one of the most popular players in NBA history.
Erving won the NBA MVP award in 1981 and he led the 76ers to the NBA championship in 1983. He retired from the NBA in 1987, after a 16 year career in which he averaged 24.2 points, 8.5 rebounds and 4.2 assists per game. Erving is widely regarded as one of the top players in NBA history and he was inducted into the Hall of Fame in 1993.
Post Basketball Career
After retiring from the NBA, Erving began a highly successful career in business and sports management. He was named president of the minor league American Basketball Association in 1998 and he was part of the team that purchased the Orlando Magic in 2004. In addition, Erving has been an active investor in a number of companies, including Denison Ventures, a venture capital firm he co-founded. He has also been involved in a number of charitable organizations, including the Boys and Girls Club of America.
Endorsement Deals
During his professional basketball career, Erving was highly sought after by major brands for endorsement deals. Throughout his career, he was affiliated with Converse, Pepsi, Nike, McDonald’s, Spalding, and many others. He was one of the first professional athletes to use endorsements as a way to supplement their income and he was able to capitalize on his popularity to secure lucrative deals.
Real Estate Holdings
In addition to his endorsement deals, Erving has also become a successful real estate investor. He has invested in commercial real estate in Florida, Pennsylvania and New Jersey, where he has been able to build a substantial portfolio of properties. Erving has also bought and sold several high-end homes, including his former estate in Bucks County, Pennsylvania.
Earnings from Memorabilia
Julius Erving has also earned considerable income from the sale of his memorabilia. Erving’s game-worn jerseys, shoes and other items have become highly sought after by collectors, who have been willing to pay top dollar for his autographed items. He has been able to capitalize on his popularity and his memorabilia has become some of the most sought after among sports fans.
Earnings from Memorabilia
As one of the greatest players in NBA history, Julius Erving has also earned considerable income from speaking engagements. He is a highly sought-after speaker and he has been invited to speak at a number of events, including NBA All-Star Games and other corporate events. Erving is also a regular on the speaking circuit, where he has been able to share his experiences and insights with audiences around the world.
Julius Erving’s Net Worth in 2017
After a successful career on the court and in business, Julius Erving has been able to amass a net worth of $40 million as of 2017. He has established himself as one of the most successful players in NBA history and he continues to be an influential figure in the world of basketball.
Legacy of Julius Erving
Julius Erving is one of the most influential players in the history of the NBA and he is widely credited with popularizing the slam dunk. He was the first to ever make the slam dunk popular and he was a major influence on the game of basketball. Erving’s influence can still be seen in the game today and he is considered one of the greatest players in basketball history.
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