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Rasheed Wallace Net Worth

Basketball player · Athletes

Rasheed Wallace
Photo: Keith Allison from Baltimore, USA · Wikimedia Commons · CC BY-SA 2.0
Estimated net worth
$75M
In USD. An estimate from published reporting — approximate, not an official valuation.

Quick facts

Born1974

ProfessionBasketball player

NationalityAmerican

CategoryAthletes

Background and career

Rasheed Abdul Wallace (born September 17, 1974) is an American basketball coach and former professional player. He played college basketball for the North Carolina Tar Heels and played for six teams during his 16-year career in the National Basketball Association (NBA). A four-time NBA All-Star, Wallace won an NBA championship as a member of the Detroit Pistons in 2004. Originally selected by the Washington Bullets (now known as the Washington Wizards) as the fourth pick in the 1995 NBA draft, Wallace was named to the All-Rookie second team following his first season. He was then traded to the Portland Trail Blazers after the season. He was a key member of the Trail Blazers team that made it to the Western Conference Finals in 1999 and 2000, and he was an NBA All-Star in 2000 and 2001. Wallace averaged a career best 19.4 points per game in 2002 for the Trail Blazers. During the 2003–04 season Portland traded him to the Atlanta Hawks where he played one game before he was traded to the Detroit Pistons. With the Pistons, Wallace won the NBA championship in 2004 and reached the NBA Finals in the following season before losing to the San Antonio Spurs in seven games. Individually, Wallace was an NBA All-Star in 2006 and 2008. After the 2008–09 season, Wallace left the Pistons as a free agent and signed with the Boston Celtics, where he played until retiring in 2010. He returned to sign a one-year deal to play for the New York Knicks in 2012. On April 17, 2013, Wallace announced his second retirement. Wallace holds the single-season record for technical fouls. In the 2000–01 season, Wallace received 41 technical fouls over 80 games. He has received the third-most career technical fouls with 317. Wallace is in the Class of 2025 for the Michigan Sports Hall of Fame and enshrined on December 19, 2025 in Detroit.

Wallace was born and raised in a single-mother household in the Germantown neighborhood of Philadelphia along with his two brothers Malcolm and Muhammed. His mother worked in the Pennsylvania Department of Welfare. Wallace began his basketball career while attending Simon Gratz High School. He was named USA Today's High School Player of the Year after his senior season and was selected first-team All America by Basketball Times. Wallace was also a two-time Parade All-American first teamer. Despite playing just 19 minutes per game, Wallace averaged 16 points, 15 rebounds and seven blocks his senior year. In addition to basketball, Wallace played baseball, ran track and high jumped as a teenager. He played in the Roundball Classic, scoring 30 points in a losing effort. Wallace, along with Randy Livingston and Jerry Stackhouse, were considered the top three players in the 1993 class.

Tar Heels coach Dean Smith recruited Wallace to the University of North Carolina at Chapel Hill for his college years. Smith was a revered mentor both to Wallace and Wallace's eventual Detroit coach Larry Brown. Wallace has indicated that this North Carolina bond with Brown helped him adjust quickly to the Pistons system. During his two years at North Carolina, Wallace had success in the national spotlight. He was named a second-team All-American by the AP his second year at UNC. Wallace and fellow future NBA player Jerry Stackhouse helped lead the Tar Heels to the NCAA Final Four in 1995. He left North Carolina to enter the 1995 NBA draft after his sophomore season, being selected with the fourth pick overall by the Washington Bullets.

As a rookie with the Bullets, Wallace played in 65 games, of which he started 51 for the injured Chris Webber. Wallace was selected to the rookie team for the All-Star Weekend. Late that year, he fractured his left thumb during a game against Orlando and did not return until the following season. En route to being named to the NBA All-Rookie Second Team, Wallace averaged 10.1 points, 4.7 rebounds, and 3.4 assists. In total, Wallace scored 655 points and played 1,788 minutes during his rookie season in Washington.

After the season, Wallace was traded to the Portland Trail Blazers, along with Mitchell Butler in exchange for Rod Strickland and Harvey Grant. This move proved beneficial for both sides: Strickland averaged 17.2 ppg and 8.9 apg after the trade, helping the Bullets make the playoffs in 1997 for the first time in eight seasons, and upped those stats to 17.8 ppg and a league-leading 10.5 apg the following year. Meanwhile, Wallace ranked third in the league in field goal percentage. However, just as his season was gaining momentum, Wallace again broke his left thumb and was forced to miss the next month of the season, but he returned in time for a strong performance in the first round playoff series against the Los Angeles Lakers, which the Trail Blazers lost. Next season, Wallace signed a long-term contract to stay with the Trail Blazers. He began extending himself into the community more than ever, most notably with his Rasheed Wallace Foundation, but his career suffered from numerous missteps on and off the court. He set an NBA record with 38 technical fouls for the season. However, he would be fifth in the league in field goal percentage. The following year, he broke his own record with 40 technicals. Wallace was also suspended by the NBA for seven games for threatening then-referee Tim Donaghy on an arena loading dock after a home game in 2003. That was the league's longest suspension for an offense that did not involve violence or substance abuse. Wallace was far from the only perceived trouble maker on Portland at the time, his teammates, Bonzi Wells, Damon Stoudamire, and Zach Randolph for instance, were also frequently criticized by media and fans for off-court outbursts and legal incidents, leading to the team often being referred to as The Jail Blazers. Wallace was named an NBA All-Star in 2000 and 2001. On February 20, 2001, he scored a career best 42 points in a 104–94 victory over the Denver Nuggets. In the postseason, Wallace led the Trail Blazers to the Western Conference Finals back to back in 1999 and 2000, losing to the San Antonio Spurs and the Los Angeles Lakers, respectively. Both teams would go on to win the NBA Finals. The 2000 series against the Lakers was alleged by some to have one-sided officiating in favor of the Lakers, with the Trail Blazers squandering a 15-point lead going into the fourth quarter of Game 7. Two years later, during the 2002 NBA Playoffs, despite Wallace posting career high postseason averages of 25.3 points and 12.3 rebounds per game, Portland was again eliminated by the eventual champion Lakers.

On February 9, 2004, just before the 2004 NBA All-Star Game, Wallace was traded to the Atlanta Hawks along with Wesley Person for Shareef Abdur-Rahim, Theo Ratliff and Dan Dickau. Wallace played only one game for the Hawks, on February 18, scoring 20 points through three quarters. He also had six rebounds, five blocks, two assists and a steal in a close loss on the road against the New Jersey Nets, though he did not score in the fourth quarter.

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