- Tim Duncan is worth over a hundred million dollars which were accrued from his over 2 decades of professional NBA career.
- 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
- 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.
For someone who never really saw himself playing the sport of basketball, Tim Duncan is one who has never missed an All-star Game. He has also only missed playoffs about twice in his life.
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. Often compared to the likes of Shaquille O’Neal, LeBron James, and Michael Jordan, something that sets him apart is his height and build.
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.
What is Tim Duncan’s Net Worth?
According to wealthygorrilla.com, the former Athlete sits pretty at the 16th position of Richest NBA Players. He is 5 places ahead of Russell Westbrook, Carmelo Anthony, Dwayne Wade, and Yao Ming.
With a net worth of $130 million, Tim Duncan is way behind the leading man on the list who is Michael Jordan. Jordan occupies the first position on the list garnering a whopping $1.5 billion from his basketball career and endorsement deals.
Tim Duncan’s net worth also stems from his career as a former NBA player. The 48 year-old earned in winnings and salaries, $17.1 million, and from endorsements, he made a sum of $2 million. He also had sponsorship from brands such as Adidas, AT&T, and Bridgestone.
While he was still a professional, Tim Duncan’s least salary was a little over $2 million. However, he eventually received an annual salary of about $21 million in 2011-2012. In the course of his entire career, the forward made over $220 million.
Tim Duncan was Defrauded of over $20 million
Despite being one of a hundred highest-paid athletes in the NBA, Tim Duncan lost a huge amount to fraud. He lost over $20 million from taking advice which turned out badly. This event played out in 2013 when he got himself a financial advisor.
That year, he was pushed by his financial adviser known as Charles Banks, into bad investments. Duncan was advised to invest in ventures such as wineries and hotels of which he saw no returns.
Though he thought he had the investments well watched, Theodore still wasn’t as meticulous enough to notice the shady dealings. He filed a lawsuit against Banks for being deceived into bad investments.
Even in the face of this, the NBA star was unfazed about losing money. 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.
Admitting 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 hoped that his story would be spread and people would pick their lessons from his mistakes.
Banks was charged with two counts of wire fraud and was sentenced to 4 years imprisonment in 2017. By the following year, the lawsuit by Tim was able to realize a $7.5 million settlement.
Brief Biography of NBA Star, Tim Duncan
Born Timothy Theodore Duncan on the 25th of April 1976, he grew up in Saint Croix, U.S Virgin Island. His dad’s name is William Duncan who was a mason and his mother was a professional midwife.
Tim grew up with three siblings comprising two sisters and a brother. The names of his sisters are Cheryl and Tricia while his brother is named Scott. He is the last of the Duncan kids.
Tim attended St. Dunstan’s Episcopal high school in his locality and went on to bag a Bachelor of Arts/Science degree from Wake Forest University. Before finally settling for Wake Forest, he had a couple of scholarship offers from colleges such as the University of Hartford, University of Delaware, and Providence College.
Who is Tim Duncan’s Wife?
In 2001, the basketball player got married to a woman known as Amy Sherrill. They were together for about 12 years a period where they had two kids together. The children are a daughter named Sydney born in 2005 and a son Draven Duncan born in 2007. Amy and Tim got divorced in 2013 and the basketball player moved on with his life after a few months.
There was a couple of speculation surrounding the cause of divorce as neither of them spoke up. However, one of the speculations states that Amy was cheating on her husband and he got to find out through a private investigation. Another claim suggests that the WAG was tired of being left to nurture the kids and home alone while her husband pursued his career. It also stated that Sherrill, at a point, believed her husband to be bi-sexual.
A few years later, Tim Duncan started another relationship with a woman known as Vanessa Macias. She is a notable American radio personality who was born on the 14th of August 1980 in San Antonio, Texas.
Vanessa was born to Joe and Gloria Macias and she attended the Incarnate World High School and San Antonio College. While in school, she began to intern as a reporter for her school’s sports show before furthering her education at the University of North Texas.
She has worked at a couple of stations including CBS and also participated, in reality, TV shows. However, she is reportedly now working as a freelance writer for commercials and TV shows.
Tim Duncan and Vanessa Macias have been together for about 7 years now and already have a daughter. The name of their daughter is Quill Duncan who was born in 2017.
Other Facts about Tim Duncan You Should Know
1. He Initially had no Interest in Basketball
Growing up in Saint Croix, Tim’s first love was swimming. In fact, he and maybe his entire household and people who knew him believed he would become an Olympian in swimming.
Unfortunately, this dream lost its way when the only Olympic-sized swimming pool in his homeland was destroyed. ‘Hurricane Hugo’ which ravaged the northeastern Caribbean and Southeastern United States in September 1989 did not spare the swimming pool.
As a result of this, the hopes of the young man were abruptly put to an end. He tried to continue his practice in the ocean but the fear of sharks did not let him keep up. At this point, he really wanted to be part of the 1992 Olympics as a swimmer.
These unfortunate incidences however birthed a great NBA star who was introduced to the sport in the 9th grade. He was encouraged to play basketball by his brother-in-law after he had stopped practicing his swims. From then onwards, Duncan began the journey to being a great basketball player.
2. Despite Having a Promising Career, Tim Duncan Ignored Stardom to Graduate First
As soon as Tim picked up basketball as a replacement for swimming, he stood out. Although he faced difficulties at the beginning which stemmed from his inability to adapt.
He had the build and height of a basketball player but was also an awkward player. However, with constant practice and coaching, he got a hang of the game. Duncan soon became an attraction to several scouts and universities who were intrigued by his play.
However, the young lad kept his eyes on a different prize which wasn’t in basketball earnings. Just before he turned 14 years old, he lost his mother to breast cancer and on her dying bed, Mrs. Duncan made her kids promise her that they would all graduate from school.
This promise he made to his mother prompted him to take his studies seriously. He ignored the juicy offers made by several scouts and focused on his education. This is not to say that he did not continue to play basketball though.
On the contrary, Tim Duncan played the sport throughout his schooling. He also to wow people with his skills and abilities.
3. His Older Sisters were also Athletes
Cheryl, Tim’s older sister was a champion swimmer who ditched the sports to become a nurse. In the same vein, Tricia was also a professional swimmer who represented the U.S Virgin Islands at the 1988 Summer Olympics in Seoul.
Of all the Duncan children, it is only Scott, Tim’s older brother who wasn’t professionally linked to any sports. For Scott, he focused on a career in film directing and cinematography.
4. He is Called the Big Fundamental and Here’s Why
Duncan was nicknamed the Big Fundamental by his colleagues because of his height and stature. He stands at a height of 6 feet 11 inches and weighs about 113kg. However, the name ‘Big Fundamental’ was given to him by O’Neal because his fundamental skills were perfect.
Duncan is referred to as the greatest power forward of all time and his skills have been likened to that of Larry Bird.
5. Tim Duncan started and ended his Professional Career in one Club
From the start of Duncan’s professional playing career in 1997 to his retirement over 20 years later, he was known to be with one NBA team. The center player was with the San Antonio Spurs team from 1997 to 2016.
All through his career, he won 5 times NBA champions, 3 times NBA finals, and 10 times All NBA First Team amongst many other notable recognitions and awards. He was also inducted into the NBA Hall of Famers.
6. He Retired from Professional Basketball in 2016 but did not leave the Spurs yet
Tim did not totally leave the team despite retiring from playing professional basketball with the San Antonio Spurs in 2016. 3 years after his retirement, he went back to the team and was an assistant to Coach Greg Popovich.
Duncan worked as the assistant coach for the San Antonio Spurs for a year and after which he hung his boots.
7. What does Tim Duncan Do now?
In 2013, Timothy Duncan started a business in San Antonio near the facility where he and his teammates used to practice. The business was a vehicle customization BlackJack Speed Shop.
In addition to this, he also started a foundation known as the Tim Duncan Foundation. This foundation was founded to help fund programs around health awareness and research as well as to educate people and encourage youth sports and recreation in his hometown.
The inspiration for the founding of this project is the Hall of Famer’s mother who died of breast cancer. As a result, he has supported causes such as the Cancer Therapy and Research Center as well as the Children’s Center of San Antonio.
Between 2001 and 2002, the Tim Duncan Foundation was able to raise over $350,000 which was geared towards researching breast and prostate cancer.
In summary, the NBA 75th Anniversary Team member dedicates his time to his philanthropic works.
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