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Yao Ming Net Worth

Basketball player · Athletes

Yao Ming
Photo: World Travel & Tourism Council · Wikimedia Commons · CC BY 2.0
Net Worth · StarWorth Figure
$160M
Source: Celebrity Net Worth (October 2026) · USD · Last updated 28 October 2026

Quick facts

Born1980

ProfessionBasketball player

NationalityPeople's Republic of China

CategoryAthletes

Background and career

Yao Ming (Chinese: 姚明; born September 12, 1980) is a Chinese basketball executive and former professional player. He played for the Shanghai Sharks of the Chinese Basketball Association (CBA), and then spent his entire nine-year National Basketball Association (NBA) career with the Houston Rockets. He was an eight-time NBA All-Star, and was named to the All-NBA Team five times. At 7 feet 6 inches (2.29 m), he was the NBA's tallest active player in his final season. Born in Shanghai, Yao began playing for the Sharks as a teenager, and played on their senior team for five years in the CBA, winning a championship in his final year. After negotiating with the CBA and the Sharks to secure his release, Yao was selected by the Rockets as the first overall pick in the 2002 NBA draft. He reached the NBA playoffs four times, and in 2009, helped the Rockets win their first playoff series since 1997. After missing several games due to a series of foot and ankle injuries in his last six seasons, Yao announced his retirement from professional basketball in 2011. Among Rockets franchise leaders, Yao ranks second in total blocks, sixth in total rebounds, and ranked sixth in total points at the time of his retirement. Yao is one of China's best-known athletes internationally, with sponsorships with several major companies. His rookie year in the NBA was the subject of a documentary film, The Year of the Yao, and he co-wrote, along with NBA analyst Ric Bucher, an autobiography titled Yao: A Life in Two Worlds. Known in China as the "Yao Ming Phenomenon" and in the United States as the "Ming Dynasty", Yao's success in the NBA, and his popularity among fans, made him a symbol of a new China that was both more modern and more confident. Yao is also an entrepreneur and owner of Yao Family Wines in Napa Valley, California. In April 2016, Yao was elected into the Naismith Memorial Basketball Hall of Fame, alongside Shaquille O'Neal and Allen Iverson, becoming the first Chinese national to be inducted into the Hall of Fame. In February 2017, Yao was unanimously elected as chairman of the Chinese Basketball Association. Yao had a storied career as a member of the Chinese national team. With the national team, Yao won the FIBA Asia Cup in 2001, 2003, and 2005, winning MVP of the tournament all three times. He also made the All-Tournament Team at the FIBA World Cup in 2002. Yao announced his international retirement after the 2008 Beijing Olympics.

Yao Ming was born on September 12, 1980, in Shanghai, China. He is the only child of 6-foot-7-inch (2.01 m) Yao Zhiyuan and 6-foot-3-inch (1.91 m) Fang Fengdi, both of whom were former professional basketball players. At birth, Yao weighed 11 pounds (5.0 kg), more than twice the average weight of a Chinese newborn. When Yao was nine years old, he began playing basketball and attended a junior sports school. The following year, Yao measured 5 feet 5 inches (1.65 m) and was examined by sports doctors, who predicted he would grow to 7 feet 3 inches (2.21 m).

Yao first tried out for the Shanghai Sharks' junior team of the Chinese Basketball Association (CBA) when he was 13 years old, and practiced ten hours a day for his acceptance. After playing with the junior team for four years, Yao joined the Sharks' senior team, where he averaged 10 points and 8 rebounds a game in his rookie season. His next season was cut short when he broke his foot for the second time in his career, which Yao said decreased his jumping ability by four to six inches (10 to 15 cm). The Sharks made the finals of the CBA in Yao's third season and again the next year, but lost both times to the Bayi Rockets. When Wang Zhizhi left the Bayi Rockets to become the first NBA player from China the following year, the Sharks finally won their first CBA championship. During the playoffs in his final year with Shanghai, Yao averaged 38.9 points and 20.2 rebounds a game, while shooting 76.6% from the field, and made all 21 of his shots during one game in the finals.

Yao was pressured to enter the NBA draft in 1999 by Li Yaomin, the deputy general manager of the Shanghai Sharks. Li also influenced Yao to sign a contract for Evergreen Sports Inc. to serve as his agent. The agreement entitled Evergreen to 33% of Yao's earnings, but the contract was later determined to be invalid. As American attention on Yao grew, Chinese authorities also took interest. In 2002, the Chinese government released new regulations that would require him and other Chinese players to turn over half of any NBA earnings to the government and China's national basketball association, including endorsements as well as salaries. When Yao decided to enter the 2002 NBA draft, a group of advisers was formed that came to be known as "Team Yao". The team consisted of Yao's negotiator, Erik Zhang; his NBA agent, Bill Duffy; his Chinese agent, Lu Hao; University of Chicago economics professor John Huizinga; and the vice president for marketing at BDA Sports Management, Bill Sanders. Yao was widely predicted to be picked number one overall. However, some teams were concerned about Yao's NBA eligibility because of uncertainty over whether the CBA would let Yao play in the United States. Shortly after Wang Zhizhi refused to return to China to play for the national team and was subsequently banned from representing China internationally, the CBA stipulated that Yao would have to return to play for the national team. They also said they would not let him go to the United States unless the Houston Rockets would take him first overall. After assurances from Team Yao that the Rockets would draft Yao with their number one pick, the CBA gave permission on the morning of the draft for Yao to play in the U.S. When the Rockets selected Yao with the first pick of the draft, he became the first international player ever to be selected first overall without having previously played U.S. college basketball.

Yao did not participate in the Rockets' pre-season training camp, instead playing for China in the 2002 FIBA World Championships. Before the season, several commentators, including Bill Simmons and Dick Vitale, predicted that Yao would fail in the NBA, and Charles Barkley said he would "kiss Kenny Smith's ass" if Yao scored more than 19 points in one of his rookie-season games. Yao played his first NBA game against the Indiana Pacers, scoring no points and grabbing two rebounds, and scored his first NBA basket against the Denver Nuggets. In his first seven games, he averaged only 14 minutes and 4 points, but on November 17, he scored 20 points on a perfect 9-of-9 from the field and 2-of-2 from the free-throw line against the Lakers. Barkley made good on his bet by kissing the buttock of a donkey purchased by Smith for the occasion (Smith's "ass"). In Yao's first game in Miami on December 16, 2002, the Heat passed out 8,000 fortune cookies, an East Asian cultural stereotype. Yao was not angry with the promotion because he was not familiar with American stereotypes of Chinese. In an earlier interview in 2000, Yao said he had never seen a fortune cookie in China and guessed it must have been an American invention. Before Yao's first meeting with Shaquille O'Neal on January 17, 2003, O'Neal said, "Tell Yao Ming, ching chong-yang-wah-ah-soh", prompting accusations of racism. O'Neal denied that his comments were racist, and said he was only joking. Yao also said he believed O'Neal was joking, but he said a lot of Asians would not see the humor. In the game, Yao scored the Rockets' first six points of the game and blocked O'Neal twice in the opening minutes as well as altering two other shots by O'Neal, all 4 of those attempts coming right at the rim, and made a game-sealing dunk with 10 seconds left in overtime. Yao finished with 10 points, 10 rebounds, and 6 blocks; O'Neal recorded 31 points, 13 rebounds, and 0 blocks. O'Neal later expressed regret for the way he treated Yao early in his career. The NBA began offering All-Star ballots in three languages—English, Spanish and Chinese—for fan voting of the starters for the 2003 NBA All-Star Game. Yao was voted to start for the West over O'Neal, who was coming off three consecutive NBA Finals MVP Awards. Yao received nearly a quarter million more votes than O'Neal, and he became the first rookie to start in the All-Star Game since Grant Hill in 1995. Yao finished his rookie season averaging 13.5 points and 8.2 rebounds per game, and was second in the NBA Rookie of the Year Award voting to Amar'e Stoudemire, and a unanimous pick for the NBA All-Rookie First Team selection. He was also voted the Sporting News Rookie of the Year, and won the Laureus Newcomer of the Year award.

Before the start of Yao's sophomore season, Rockets' head coach Rudy Tomjanovich resigned because of health issues, and long-time New York Knicks head coach Jeff Van Gundy was brought in. After Van Gundy began focusing the offense on Yao, Yao averaged career highs in points and rebounds for the season, and had a career-high 41 points and 7 assists in a triple-overtime win against the Atlanta Hawks in February 2004. He was also voted to be the starting center for the Western Conference in the 2004 NBA All-Star Game for the second straight year. Yao finished the season averaging 17.5 points and 9.0 rebounds a game. The Rockets made the playoffs for the first time in Yao's career, claiming the seventh seed in the Western Conference. In the first round, however, the Los Angeles Lakers eliminated Houston in five games. Yao averaged 15.0 points and 7.4 rebounds in his first playoff series. In the summer of 2004, the Rockets acquired Tracy McGrady from the Orlando Magic in a seven-player trade that also sent Steve Francis and Cuttino Mobley to Orlando. Although Yao said that Francis and Mobley had "helped [him] in every way [his] first two seasons", he added, "I'm excited about playing with Tracy McGrady. He can do some amazing things." After the trade, it was predicted that the Rockets would be title contenders. Both McGrady and Yao were voted to start in the 2005 NBA All-Star Game, and Yao broke the record previously held by Michael Jordan for most All-Star votes, with 2,558,278 total votes. The Rockets won 51 games and finished fifth in the West, and made the playoffs for the second consecutive year, where they faced the Dallas Mavericks. The Rockets won the first two games in Dallas, and Yao made 13 of 14 shots in the second game, the best shooting performance in the playoffs in Rockets history. However, the Rockets lost four of their last five games and lost Game 7 by 40 points, the largest Game 7 deficit in NBA history. Yao's final averages for the series were 21.4 points on 65% shooting and 7.7 rebounds.

Sources

Net-worth figure: Celebrity Net Worth (October 2026), in USD. Biography and career facts: the person's Wikipedia article and linked reporting. Snapshot date for all StarWorth figures: 28 October 2026.

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