Luol Deng: From Earning $2 Million Per Year to $200 Million In the Bank

Former Los Angeles Lakers forward Luol Deng surely got himself into a pot of gold with his contract with the 17x champions. But this is not where his story for financial security began. In fact, his financial journey both on the court and off court started when he was drafted by the Chicago Bulls. The down-to-earth young kid who found escape in the form of basketball is today a well-known ex-NBA star and real-estate mogul.

Recently, Andrew Petcash talked about the 2x All-Star’s deals and present net worth. Surprisingly, the 38-year-old is now in the $200 Million league. Here is how the Sudan-born 6 ft 9 in baller turned his fate for the good.

Luol Deng becomes $136 million richer with the NBA

According to Sports Entrepreneur and Investor Andrew Petcash, Luol Deng, who began his professional career at $2 million is today a hundred times richer. He broke down the smart investment choices by Luol to study the data. Apparently, his first signing with the Bulls bagged him a decent deal of $2.5 million/ year deal of four years.

However, he surely gave them a performance worth their money. As a part of the Chicago Bulls roster, Deng earned most of his accolades. This included two-times NBA All-Star (2012, 2013) and NBA All-Defensive Second Team (2012). After the completion of four years with the Bulls, Luol experimented with various other teams.

Fast forward to 2016, he finally settled in the LA Lakers locker room. However, while his contract of a whopping $72 million for four years made him the fourth-highest-paid Lakers player, he was waived in 2018. This was because he could not play to his potential and averaged only 7.5 points per game in 57 games for the Lakers. Nevertheless, he was still being paid increments of $5 million/ season by the Lakers front office.

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Calculating the entire NBA earnings that Luol Deng banked is $136 million. But, this is not the end of the growth of his financial charts.

Deng makes it to $200 million

In 2014, Deng made his first move in the investment market with his private fund company D3N9. Additionally, with D3N9, he also has his foot in real estate, including hotels, resorts, condos, and apartment buildings. Apart from his business ventures that put his gross net worth at $200 million, he also has a non-profit organization.

The Luol Deng Foundation is widely known for creating opportunities using basketball for the citizens of Africa, the USA, and the UK. Not only has Deng displayed his basketball prowess to the world but also how to be financially secure with the correct guidance and actions. The 2005 NBA All-Rookie First Team member has definitely come a long way.

From a war-struck Sudan to an All-Star level NBA player and businessman, this was Luol Deng’s story of $2 million to $200 million. Do you like the game plan Luol Deng practiced?

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