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Can you believe Dennis Rodman, with all his fame, is worth only $500K? What went wrong?

Dennis Rodman’s signature shoes once outsold his former teammate Michael Jordan‘s Air Jordan! That was his level of popularity. Fans still love the shoe for its unique design. Apart from Nike, the Worm signed deals with Reebok as well. He had a successful life both on and off the court as he earned millions until everything went off the rails. His net worth took a hit and dropped to $500,000. However, he still earns benefits from numerous of his initiatives.

After his last stint at the Chicago Bulls, the NBA legend played for one year with the Lakers and then joined the Dallas Mavericks. However, his playing time with the Mavs wasn’t long either. After playing 12 games, Rodman left the Mavericks in 2000 and took a long break from the sport. Selected as the 3rd pick, he played for 5 teams in the NBA and earned about $27 million. During the 1997-98 season, he was the tenth highest-paid NBA player. Here is how Rodman managed to maintain $500,000 after losing millions to a scam.

Dennis Rodman’s successful endorsement deals

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Apart from his NBA career, Rodman also ventured into other opportunities such as movies and TV Shows. He featured in films like Double Team, Jean-Claude Van Damme, Simon Sez (1999), Cutaway (2000), and more. This was in the year 1997. He also starred in the first season of VH1’s reboot of The Surreal Life. Most fans might remember him in the special reality show “The Rodman World Tour,” which premiered on MTV. He also made a guest appearance in the TV show, 3rd Rock from the Sun.

As mentioned above, Rodman’s shoe deals significantly boosted his net worth and the Converse endorsement deal was more important. Back in 2013, he cleverly tapped into his “Bad Boy” fame and marketed his new vodka brand, ‘Original Bad Ass Premium Vodka’ which was launched in 2013.

In 2015, he parted ways with his financial advisor Peggy Ann Fulford, who, reportedly, scammed him. Rodman lost millions to this scam. “It makes me sad I trusted someone I considered family to manage my money, and they did terribly wrong. I hope other athletes and celebrities can learn from this experience,” Rodman said, talking about his former advisor. In 2018, the veteran was seen promoting cryptocurrency, PotCoin.

Rodman’s stint in wrestling and international leagues

Dennis Rodman ventured into professional wrestling as well, in the late 1990s. He has been part of several high-profile matchups, including bouts with Hulk Hogan. The most iconic of his wrestling matchups was the July 1998 Bash at the Beach event where he battled against Karl Malone which he won again.

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Can you believe Dennis Rodman, with all his fame, is worth only $500K? What went wrong?

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After retiring from wrestling, the Detroit Pistons legend was not very active in professional sport for a few years before he started playing in the overseas Basketball leagues in 2003. He played for the Long Beach Jam, Orange County Crush, Tijuana Dragons, and Brighton Bears. The 5x NBA champ saw massive popularity while playing for the Brighton Bears in the British Basketball League. He even made an appearance in season 4 of the celebrity show, Big Brother.

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While Rodman wanted to return to the NBA, he couldn’t do so. He then made a comeback to wrestling in Hulk Hogan’s Celebrity Championship Wrestling in 2008.

Earnings from his books also boosted Dennis Rodman’s net worth. He has written several books including Bad As I Wanna Be, Dennis the Wild Bull, and more. While all these endeavors contributed to the rise in his earnings, Rodman couldn’t recover enough to get back to his initial net worth which was in the millions in the 90s.

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Stay tuned for more such updates and join us for the exciting pilot episode of the “Dual Threat Show” as our host BG12 sits down with Georgia Bulldogs star and SEC All-Freshman Team Selection, Silas Demary Jr.

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