Profile
American Retired Basketball Player
#308 in Basketball
Dennis Rodman has a net worth of $250,000 as of 2023. This is a significant drop from his peak worth of $29 million in 1998, according to Forbes.
Just like Charlie Sheen, He is a textbook example of someone going broke through bad financial planning.
But what happened? Several factors such as a lavish lifestyle, and child support payments have contributed to this significant decrease in his wealth.
Rodman was known for his extravagant spending habits, frequently purchasing luxury cars, clothing, and jewelry. He also reportedly spent large sums of money on partying and gambling.
Financial Mismanagement
Based on a person’s post on Reddit, Rodman allegedly made several poor investment decisions, losing significant amounts of money in failed business ventures.
He also fell victim to financial fraud, with his former business manager, Peggy Ann Fulford, embezzling over $1 million from him, reports Forbes Magazine.
Child Support Payments
Rodman has been involved in several high-profile child support cases, paying out substantial amounts to his ex-wives. These payments, along with legal fees, further eroded his financial standing.
Divorce Settlements
| Wife | Amount Paid |
|---|---|
| Annie Bakes (1988-1989) | $3.6 million in Cash and two properties |
| Carmen Electra (1998-1999) | $2 million in Cash and $100k in annual alimony |
| Michelle Moy (2003-2012) | $8 million in cash and $50k in Monthly Payments |
House
Rodman was living in a 10-bedroom luxury mansion in Los Angeles at the height of his career, paying $5,000 per month in rent.
He is currently living in a modest two-bedroom apartment with mortgage payments and is about to be evicted.
Dennis Rodman Net Worth in 2024
| Name | Dennis Keith Rodman |
| Net Worth | $250,000 |
| Net Worth at Peak | $28 Million |
| Annual Income | $60,000 |
| Bank Balance | $3,500 |
| Debts | $1 Million |