#Tim duncan parents professional#
His dad’s name is William Duncan who was a mason and his mother was a professional midwife. Brief Biography of NBA Star, Tim Duncanīorn Timothy Theodore Duncan on the 25th of April 1976, he grew up in Saint Croix, U.S Virgin Island. By the following year, the lawsuit by Tim was able to realize a $7.5 million settlement. He hoped that his story would be spread and people would pick their lessons from his mistakes.īanks was charged with two counts of wire fraud and was sentenced to 4 years imprisonment in 2017. According to him, he had made a lot of money in his career, and even as $20 million was quite a huge amount, it had no major impact.Īdmitting that he had learned his lesson from the incident, he still did go about warning people about the dangers of making bad financial moves. He filed a lawsuit against Banks for being deceived into bad investments.Įven in the face of this, the NBA star was unfazed about losing money. Though he thought he had the investments well watched, Theodore still wasn’t as meticulous enough to notice the shady dealings. Duncan was advised to invest in ventures such as wineries and hotels of which he saw no returns. That year, he was pushed by his financial adviser known as Charles Banks, into bad investments. This event played out in 2013 when he got himself a financial advisor. He lost over $20 million from taking advice which turned out badly. Tim Duncan was Defrauded of over $20 millionĭespite being one of a hundred highest-paid athletes in the NBA, Tim Duncan lost a huge amount to fraud. In the course of his entire career, the forward made over $220 million. However, he eventually received an annual salary of about $21 million in 2011-2012.
While he was still a professional, Tim Duncan’s least salary was a little over $2 million. He also had sponsorship from brands such as Adidas, AT&T, and Bridgestone. The 47 year-old earned in winnings and salaries, $17.1 million, and from endorsements, he made a sum of $2 million. Tim Duncan’s net worth also stems from his career as a former NBA player. Jordan occupies the first position on the list garnering a whopping $1.5 billion from his basketball career and endorsement deals. With a net worth of $130 million, Tim Duncan is way behind the leading man on the list who is Michael Jordan. He is 5 places ahead of Russell Westbrook, Carmelo Anthony, Dwayne Wade, and Yao Ming. He Retired from Professional Basketball in 2016 but did not leave the Spurs yetĪccording to, the former Athlete sits pretty at the 16th position of Richest NBA Players. Tim Duncan started and ended his Professional Career in one Club He is Called the Big Fundamental and Here’s Why Despite Having a Promising Career, Tim Duncan Ignored Stardom to Graduate First He Initially had no Interest in Basketball
Other Facts about Tim Duncan You Should Know.Brief Biography of NBA Star, Tim Duncan.Tim Duncan was Defrauded of over $20 million.Though he retired from the sport after 2 decades, he is still one of the most talked-about athletes to have played for the NBA. Often compared to the likes of Shaquille O’Neal, LeBron James, and Michael Jordan, something that sets him apart is his height and build. Tim Duncan, the American former professional basketball player is so good that he almost rubs shoulders with some of the notable names in the NBA. He has also only missed playoffs about twice in his life. He has been married once and is currently in a long-term relationship with a radio personality however, he dedicates most of his resources to philanthropic works.įor someone who never really saw himself playing the sport of basketball, Tim Duncan is one who has never missed an All-star Game.The NBA star lost a considerable amount of money shortly before his retirement but was unmoved by the loss as he was still buoyant enough to carry on with life.Tim Duncan is worth over a hundred million dollars which were accrued from his over 2 decades of professional NBA career.
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