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Hakeem Olajuwon Net Worth

Basketball player · Athletes

Hakeem Olajuwon
Photo: U.S. Department of State · Wikimedia Commons · Public domain
Estimated net worth
$300M

Quick facts

Born1963

ProfessionBasketball player

NationalityAmerican

CategoryAthletes

Background and career

Hakeem Abdul Olajuwon (born January 21, 1963), nicknamed "the Dream", is a Nigerian and American former professional basketball player who played 18 seasons in the National Basketball Association (NBA), primarily with the Houston Rockets. He is a two-time NBA champion, two-time NBA Finals MVP, two-time NBA Defensive Player of the Year, and the 1994 NBA MVP. He is widely regarded as one of the greatest players and centers of all time. Born in Lagos, Nigeria, Olajuwon traveled from his home country to play for the University of Houston under head coach Guy Lewis. His college career for the Cougars included three trips to the Final Four. Olajuwon was drafted by the Houston Rockets with the first overall selection of the 1984 NBA draft, a draft well known for its immense talent, which also included players such as Michael Jordan, Charles Barkley, and John Stockton. He combined with the 7-foot-4-inch (224 cm) Ralph Sampson to form a duo dubbed the "Twin Towers". The two led the Rockets to the 1986 NBA Finals, where they lost in six games to the Boston Celtics. After Sampson was traded to the Golden State Warriors in 1988, Olajuwon became the Rockets' undisputed leader. He led the league in rebounding twice (1989, 1990) and blocks three times (1990, 1991, 1993). Despite very nearly being traded during a bitter contract dispute before the 1992–93 season, he remained in Houston. He became the first non-American to be an NBA All-Star and start in an NBA All-Star Game, the first non-American to win the NBA MVP, the first non-American to win NBA Defensive Player of the Year, and in the 1993–94 season, he became and remains the only player in NBA history to win the NBA MVP, Defensive Player of the Year, and Finals MVP awards in the same season. His Rockets won back-to-back championships. The Rockets' 1994 championship against the New York Knicks was the first in franchise history, with Olajuwon avenging his college championship loss to Patrick Ewing. The following year, after a lackluster regular season, Olajuwon's Rockets swept Shaquille O'Neal's Orlando Magic in 4 games in the NBA Finals. Olajuwon was a member of the 1996 Olympic gold medal-winning United States national basketball team, and was selected as one of the 50 Greatest Players in NBA History. He was inducted into the Naismith Memorial Basketball Hall of Fame in 2008 and the FIBA Hall of Fame in 2016. In October 2021, Olajuwon was honored as one of the league's greatest players of all time by being named to the NBA 75th Anniversary Team. He ended his career as the league's all-time leader in blocks (3,830), is one of four NBA players to record a quadruple-double, and is the all-time leader in 5x5 games (when a player has at least 5 points, 5 rebounds, 5 assists, 5 steals and 5 blocks) with six.

Olajuwon was born to Salim and Abike Olajuwon, working-class Yoruba owners of a cement business in Lagos, Nigeria. He was the third of eight children. He credits his parents with instilling virtues of hard work and discipline into him and his siblings: "They taught us to be honest, work hard, respect our elders, and believe in ourselves." Olajuwon has expressed displeasure at his childhood in Nigeria being characterized as backward. "Lagos is a very cosmopolitan city ... There are many ethnic groups. I grew up in an environment at schools where there were all different types of people." During his youth, Olajuwon was a soccer goalkeeper which helped give him the footwork and agility to balance his size and strength in basketball, and also contributed to his shot-blocking ability. Olajuwon did not play basketball until the age of 15 in high school, when he entered a local tournament while at the Muslim Teachers College in Lagos, Nigeria. It has been said that a coach in Nigeria once asked him to dunk and demonstrated while standing on a chair. Olajuwon then tried to stand on the chair himself. When redirected by staff not to use the chair, he could initially not dunk the basketball. Despite early struggles, Olajuwon said, "Basketball is something that is so unique. That immediately I pick up the game and, you know, realize that this is the life for me. All the other sports just become obsolete."

Olajuwon emigrated from Nigeria to play basketball at the University of Houston under Cougars coach Guy Lewis. Olajuwon was not highly recruited and was merely offered a visit to the university to work out for the coaching staff, based on a recommendation from a friend of Lewis who had seen Olajuwon play. He later recalled that when he originally arrived at the airport in 1980 for the visit, no representative of the school was there to greet him. When he called the staff, they told him to take a taxi out to the university. After redshirting his freshman year in 1980–81 because he could not yet get clearance from the NCAA to play, Olajuwon came mostly off the bench and served as the Cougars' sixth man as a redshirt freshman in 1981–82, averaging 8.3 points, 6.2 rebounds and 2.5 blocks, shooting 60% from the field in 18 minutes per game as Houston was eliminated in the Final Four by the eventual NCAA champion, North Carolina. Olajuwon sought advice from the coaching staff about how to increase his playing time, and they advised him to work out with local Houston resident and multiple NBA MVP winner, Moses Malone. Malone, who was then a center on the NBA's Houston Rockets, played games every off-season with several NBA players at the Fonde Recreation Center. Olajuwon joined the workouts and went head to head with Malone in several games throughout the summer. Olajuwon credited this experience with rapidly improving his game: "The way Moses helped me is by being out there playing and allowing me to go against that level of competition. He was the best center in the NBA at the time, so I was trying to improve my game against the best." Olajuwon returned from that summer a different player. He was nicknamed "the Dream" during his basketball career after he dunked so effortlessly that his college coach said it "looked like a dream." He and his teammates (including Clyde Drexler) formed what was dubbed "Phi Slama Jama", the first slam-dunking "fraternity", so named because of its above-the-rim prowess. In his sophomore and junior years he helped the Cougars advance to consecutive NCAA championship games, where they lost to North Carolina State on a last-second tip-in in 1983 and a Patrick Ewing-led Georgetown team in 1984. He averaged 13.9 points, 11.4 rebounds, and 5.1 blocks in 1982–83 and 16.8 points, 13.5 rebounds, and 5.6 blocks in 1983–84. Olajuwon was voted the NCAA Tournament Most Outstanding Player in 1983, when he was also named the Helms Foundation Player of the Year. He was named a consensus first-team All-American in 1984. After the 1983–84 season, Olajuwon debated whether to stay in college or declare early for the NBA draft. At that time, before the NBA draft lottery was introduced in 1985, the first pick was awarded by coin flip. Olajuwon recalled: "I really believed that Houston was going to win the coin flip and pick the first draft choice, and I really wanted to play in Houston so I had to make that decision (to leave early)." His intuition proved correct, and the toss placed Houston ahead of the Portland Trail Blazers.

Olajuwon was selected first overall by the Rockets in the 1984 NBA draft. In his autobiography Living the Dream, Olajuwon mentions an intriguing draft trade offered to the Rockets that would have sent Clyde Drexler and the number two pick in the 1984 NBA draft from Portland in exchange for Ralph Sampson. Had the Rockets made the deal, Olajuwon states the Rockets could have selected Michael Jordan with the number two pick to play alongside Olajuwon and Drexler, who had established chemistry playing together during their Phi Slama Jama days in college. Sportswriter Sam Smith speculates that such a trade "would have changed league history and maybe the entire Michael Jordan legend." From 1991 to 1998, every NBA championship team included either Jordan or Olajuwon; furthermore, at least one of Drexler, Jordan, and Olajuwon was involved in every NBA Finals from 1990 to 1998. Teaming with the 1984 Rookie of the Year, 7 ft 4 in (2.24 m) Ralph Sampson, the "Twin Towers" duo brought immediate success during Olajuwon's rookie season, as their win–loss record improved from a 29–53 record in 1983–84 to 48–34 in 1984–85, and they qualified for the playoffs for the first time in three years. Olajuwon averaged 20.6 points, 11.9 rebounds and 2.68 blocks in his rookie season. He finished as runner-up to Michael Jordan in the 1985 Rookie of the Year voting, and was the only other rookie to receive any votes. The Rockets lost in the first round of the playoffs, three games to two, to the Utah Jazz.

The Rockets began 1985–86 with a 9–2 record and finished 51–31. Olajuwon averaged 23.5 points, 11.5 rebounds, and 3.4 blocks per game during his second season and was selected to his first All-NBA Team. The team advanced all the way to the Western Conference Finals where they faced the defending champion Los Angeles Lakers. The Rockets won the series fairly easily, four games to one, shocking the sports world and landing Olajuwon on the cover of Sports Illustrated. Olajuwon scored 75 points in victories in games three and four, and after the series Lakers coach Pat Riley remarked "We tried everything. We put four bodies on him. We helped from different angles. He's just a great player." The Rockets advanced to the 1986 NBA Finals where they lost in six games to the Boston Celtics, whose 1986 team is often considered one of the best teams in NBA history. On March 10, 1987, Olajuwon came remarkably close to recording the first quintuple-double in NBA history that was tracked. In a dominant performance against the Golden State Warriors, Olajuwon recorded 38 points, 17 rebounds, 12 blocks, 7 steals, and 6 assists. The game is widely regarded as one of the most complete individual efforts in basketball history, showcasing Olajuwon's rare two-way dominance. While he fell just four assists and three steals short of the unprecedented feat, his performance remains one of the closest any player has ever come to achieving a quintuple-double in an official NBA game. The Rockets were eliminated in the second round of the 1987 NBA playoffs by the Seattle SuperSonics, but Olajuwon managed to accomplish one feat, putting up a playoff career-high 49 points and 25 rebounds in their final game.

Midway through the 1987–88 season, Sampson (who was struggling with knee injuries that would eventually end his career prematurely) was traded to the Golden State Warriors, leaving Olajuwon as the Rockets' undisputed leader. He finished the season averaging 22.8 points, 12.1 rebounds and 2.7 blocks, and placed third in Defensive Player of the Year voting. The Rockets entered the playoffs as the 6th-seed in the West and fell short to the Dallas Mavericks in the first round. The 1988–89 season was the first of Olajuwon's career without head coach Bill Fitch, who was fired in the offseason and replaced by Don Chaney. The Rockets ended the regular season with a record of 45–37, and Olajuwon finished the season as the league leader in rebounds (13.5 per game) by a full rebound per game over Charles Barkley. This performance was consistent with his averages of 24.8 points and 3.4 blocks. Olajuwon posted exceptional playoff numbers of 37.5 ppg and 16.8 rpg, plus a record for points in a four-game playoff series (150). Nevertheless, the Rockets were eliminated in the first round by the Seattle SuperSonics, 3 games to 1. The 1989–90 season was a disappointment for the Rockets. They finished the season with a 41–41 record, and though they made the playoffs, were eliminated in four games by Los Angeles. Olajuwon put up one of the most productive defensive seasons by an interior player in the history of the NBA. He won the NBA rebounding crown (14.0 per game) again, this time by an even larger margin; a full two rebounds per game over David Robinson, and led the league in blocks by averaging 4.6 per game. He is the only player since the NBA started recording blocked shots in 1973–74 to average 14+ rebounds and 4.5+ blocked shots per game in the same season. In doing so he joined Kareem Abdul-Jabbar and Bill Walton as the only players in NBA history (at that point) to lead the league in rebounding and shot-blocking in the same season. During the season, Olajuwon became the third player in NBA history to record a quadruple-double, when on March 29, 1990, he put up 18 points, 16 rebounds, 11 blocks and 10 assists in a 120–94 win over the Milwaukee Bucks. He also, on April 19, 1990, scored a career-high 52 points in a 130–127 overtime loss to the Denver Nuggets. Citing Olajuwon's unhappiness with the franchise's management, he was the subject of trade rumors during the 1990 offseason. A Los Angeles radio station cited an unknown source which claimed that Olajuwon requested a trade to the Lakers, which would have sparked a block-buster trade package where the Rockets receive James Worthy, Byron Scott and A.C. Green. However, Rockets owner Charlie Thomas denied any trade to the Lakers was in discussion. He added that if Olajuwon were to be traded, he would be heading to the Eastern Conference. Olajuwon ultimately stayed with the Rockets, who finished the 1990–91 season with a record of 52–30 under NBA Coach of the Year Chaney. Olajuwon averaged 21.8 points per game in 1990–91, but due to an injury to his eyesocket caused by an elbow from Bill Cartwright, did not play in enough games (56) to qualify for the rebounding title. Otherwise, he would have won it for a third consecutive year, averaging 13.8 a game (league leader Robinson averaged 13.0 rpg). He also averaged a league-leading 3.95 blocks per game. However, the Rockets were swept in the playoffs by the LA Lakers. The following season was a low point for the Rockets during Olajuwon's tenure. They finished 42–40, and missed the playoffs for the first time in Olajuwon's career. He missed two weeks early in the season due to an accelerated heartbeat. Despite his usual strong numbers, he could not lift his team out of mediocrity. Since making the Finals in 1986, the Rockets had made the playoffs five times, but their record in those playoff series was 1–5 and they were eliminated in the first round four times. Following the season, Olajuwon requested a trade in part because of his bad contract; his salary was considerably low for a top center, and his contract specifically forbade re-negotiation. He also expressed displeasure with the organization's efforts to surround him with quality players. He felt the Rockets had cut corners at every turn, and were more concerned with the bottom line than winning. Management had also infuriated Olajuwon during the season when they accused him of faking a hamstring injury because of his unhappiness over his contract situation. His agent cited his differences with the organization as being "irreconcilable", and Olajuwon publicly insulted owner Charlie Thomas and the team's front office. With the 1992–93 season approaching, a reporter for the Houston Chronicle said that Olajuwon being dealt was "as close to a sure thing as there is." Nonetheless, he was not traded and the Rockets began the season with a new coach, Rudy Tomjanovich. Olajuwon improved his passing in 1992–93, setting a new career-high of 3.5 assists per game. This willingness to pass the ball increased his scoring, making it more difficult for opposing teams to double and triple-team him. Olajuwon set a new career-high with 26.1 points per game. The Rockets set a new franchise record with 55 wins, and advanced to the second round of the playoffs, pushing the Seattle SuperSonics to a seventh game before losing in overtime, 103–100. He earned his first Defensive Player of the Year award and finished as the runner-up in the MVP race to Charles Barkley. The team rewarded him with a four-year contract extension toward the end of the regular season.

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