“I Hate Money”: Dennis Rodman, Who Was Once Scammed By His Financial Advisor, Lost $35K Intentionally In 1993

It is safe to say that NBA legend Dennis Rodman did not lead a “normal” lifestyle. The five-time champion is an enigma who did things in his own unique way. There are many stories about The Worm’s iconic parties and high-profile relationships with celebrities like Madonna and Carmen Electra. He was one of the most popular basketball players during his playing career and the spotlight was always on him. However, even the Bad Boy wanted to feel normal at times, even if it entailed losing some money intentionally.

Rodman was an integral part of the Detroit Pistons that won two straight titles in the 80s. As the downfall of the Pistons began, the front office made some changes to the team. Notably, coach Chuck Daly was fired, which did not sit well with Rodman because Daly was like a father figure to him. The changes hit him hard and completely shattered his peace of mind.

Dennis Rodman wanted to feel normal

The Detroit Pistons wanted to extend the contract of Dennis Rodman in 1993. But the team had not seen the two-time DPOY in months. Even his agent did not know where he was and was trying hard to find him. According to Sports Illustrated report from 1993, Rodman was in Las Vegas spending big money gambling. In a few days of gambling, the forward lost around $35,000 intentionally to feel normal.

“I hate money,” the 2-time all-star said later. “I went to Las Vegas to lose. So I could feel normal.”

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Rodman did not extend his contract with the Pistons and was traded to the San Antonio Spurs. His off-court antics were in full swing in San Antonio. But this did not sit well with the Spurs who traded him to the Chicago Bulls after two years.

While Rodman claimed that he lost the money intentionally that time, that was not always the case. In the mid-2000s Rodman hired Peggy Ann Fulford as his financial advisor who scammed him and a few other professional athletes. At the time, the Bulls legend was earning good money for appearances on shows and gigs. Peggy was sentenced to ten years in prison after getting caught.

Rodman’s net worth

Rodman was not a very well-paid athlete despite his immense talents. He made around $27 million in salary during his NBA career. His highest earning of $9 million a year came during the 1996-97 season for the Chicago Bulls.

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It is nowhere near the amount of money thrown around in the current climate. But that did not stop his frequent visits to Las Vegas. He now has a net worth of around $500 thousand.