DeMar DeRozan is a 5 time NBA All-Star who plays in the National Basketball Association (NBA) for the Chicago Bulls. Born DeMar Darnell DeRozan, he has a net worth that is currently estimated at $23 million as of 2022.
The 32 years old star started his professional career after making the 2009 NBA Draft and more than a decade later, he has recorded many achievements and has played for the Toronto Raptors before switching to San Antonio Spurs and then his present team, the Chicago Bulls.
Biography of DeMar DeRozan
Personal Profile
- Full name: DeMar Darnell DeRozan
- Date of birth: 7 August 1989
- Age: 32 years old
- Parents: Frank DeRozan, Diane DeRozan
- Ethnicity: African American
- Citizenship: United States
- Education: Campton High School, University of Southern California
- Team: Chicago Bulls (#11 / Power forward, Small forward)
- Net worth: $23 million
- Source of Wealth: Basketball
- Salary/Winnings: $26 million (2022)
- Marital Status: Married to Kiara Morrison
- Children: 2 – Diar DeRozan, Mari DeRozan
- Height: 6 ft 6 in (1.98 m)
It was on August 7, 1989, that DeMar was born in Campton, California which was where he was also brought up. His father, Frank DeRozan was inspirational behind all that his son became, even though he worked as a videographer for the city of Campton. Unfortunately, he died in 2021.
He also grew up close to his mother, Diane DeRozan being the only child of his parents. In the 1980s, Diane had a health complication that led to surgery on her uterus, hence she was forced t have her only son via C-Section. Diane also contributed in no small measure to the success of her son as a basketball star. She always drove him to practice and she would sit and wait for him in her car until he was done.
The NBA star got his education from Campton High School where he played and got recognized as one of the best in the sport at that level. He would proceed to the University of Southern California where he spent a year before he entered the NBA draft of 2009.
His Career Progression
In 2009, following the Draft, he began his career with the Toronto Raptors after he was selected with the 9th overall pick. He signed his first deal with the team on July 9, and he continued to play for them until 2018 when he made a move to the San Antonio Spurs.
DeRozan’s move came after he was traded to the team together with Jakob Poeltl for Kawhi Leonard and Danny. His stay with the team only lasted until 2021 when he was traded again to the Chicago Bulls for which he continues to play.
As an NBA player, he has recorded many achievements including the following:
- All-NBA Second Team (2018)
- All-NBA Third Team (2017)
- NBA All-Star (2014, 2016, 2017, 2018, 2022)
- NBA All-Star Rising Star (2011)
DeRozan was also a member of the 2016 Olympic-winning United States national team as well the team that won the 2014 FIBA Basketball World Cup.
Net Worth And Salary Of DeMar DeRozan
As indicated, the net worth of DeMar DeRozan is currently estimated at $23 million, which he has made thanks to his carer as a basketball player in the NBA.
He has seen his net worth go higher thanks to the deals he has signed over the years and his salaries. After his first contract, his salary was as follows with the raptors:
DeMar Salary With the Raptors
- 2009-10: $2,282,640
- 2010-11: $2,453,880
- 2011-12: $2,112,805
- 2012-13: $3,344,250
- 2013-14: $9,500,000
- 2014-15: $9,500,000
- 2015-16: $9,500,000
- 2016-17: $26,540,100
- 2017-18: $27,739,975
In 2016 when he moved to the San Antonio Spurs, he was offered a $139 million deal for five years. Within those years, he had the following as salary:
DeMar Salary With the San Antonio Spurs
- 2018-19: $27,739,975
- 2019-20: $26,006,227
- 2020-21: $27,739,975
In 2021, he signed a contract of three years for $81,900,000 with the Chicago Bulls. Based on the deal his salary is as follows:
DeMar Salary With the Chicago Bulls
- 2021-2022: $26 million
- 2022-2023: $27.3 million
- 2023-2024: $28.6 million
Other Sources Of Income
While he makes the bulk of his fortune from basketball, he also earns a great deal of money from the numerous endorsement deals he has o his name. One of his major deals has been with Nike which offered him a deal worth millions of dollars in 2018.
Prior to that, the former Raptors man had a deal with the beverage brand, Gatorade thanks to which he also claimed millions of dollars.
Among the properties he owns are a house in Campton and a Mercedes car.
See Also: Juan Dixon Net Worth- Just How Rich Is The Former NBA Star
Fast Facts About Him
- DeMar DeRozan was named after his mother’s brother, DeMar who lost his life at the age of 20 following a drive-by shooting.
- In 2020, he was the 76 highest-paid athlete on Forbes top 100 highest-earning athletes
- He decided to get into the NBA Draft in order to help provide a better life for his mother who was diagnosed with Lupus when he was a kid.
- DeMar DeRozan broke the record of Hall of Famer, Wilt Chamberlain when he scored 38 points against Sacramento to be the only player in the history of the NBA to record over 35 points in 7 straight games shooting over 50%. The record stood for 60 years before he broke it.
- The Olympian who is nicknamed Double D has made it known that he suffers from depression.
