Net Worth Ranker
What Is Chris Webber’s Net Worth?
As of March 26, 2025, Chris Webber’s net worth is estimated to be $70 million. This valuation reflects his earnings from a successful NBA career, endorsements, and investments.
Chris Webber’s Career Earnings and Contract Details
During his NBA career, Chris Webber accumulated significant wealth through his player contracts. His total career earnings in salary alone amounted to $178 million. Notably, his highest-earning year was in 2005 when he received $19.1 million from the Philadelphia 76ers. He also earned $19 million from the 76ers in 2007. These figures underscore his value as a top player during his prime years in the league.
In the 1993 NBA draft, Chris Webber was selected by the Orlando Magic, but was immediately traded to the Golden State Warriors. With the Warriors, Webber had an incredible first year, averaging 17.5 points and 9.1 rebounds per game. His performance earned him the NBA Rookie of the Year Award. However, he often clashed with his coach, Don Nelson, leading him to use his one-year escape clause, leaving the Warriors. The team subsequently traded Webber to the Washington Bullets, which became the Washington Wizards in 1997, where he spent three years.
In 1998, Webber was traded to the Sacramento Kings, where he made a significant impact. He had a highly successful first season with the team, winning the rebounding title with a league-high average of 13 rebounds per game. Over the ensuing years, the Kings emerged as one of the top teams in the NBA. During the 1999-2000 season, Webber led the team to 44 wins and the first round of the playoffs. He had an even better season in 2000-01, averaging a career-best 27.1 points per game and again leading the Kings to the playoffs. Webber was named to the All-Star team in both 2000 and 2001.
In 2005, Webber was traded to the Philadelphia 76ers. In early 2007, he signed with the Detroit Pistons. In early 2008, Webber returned to the Warriors for the rest of the season.
Chris Webber’s Early Life and Collegiate Achievements
Born as Mayce Edward Christopher Webber III in 1973 in Detroit, Michigan, his early life played a crucial role in shaping his future success. As a teen, he attended Detroit Country Day School and became Michigan’s most recruited high school basketball player since Magic Johnson. He led his school to three MHSAA State Championships, earning him titles such as Michigan’s Mr. Basketball and National High School Player of the Year during his senior year.
Chris Webber attended the University of Michigan for two years, where he was part of the “Fab Five,” along with Juwan Howard, Jalen Rose, Ray Jackson, and Jimmy King. This group reached the NCAA finals in both 1992 and 1993. Although Webber was named a first-team All-American in his second season, he was later stripped of this honor due to receiving $200,000 from a local booster during his college career. As a result, he was banned from any affiliation with Michigan’s basketball program.
Chris Webber’s Investments and Business Ventures
In 2021, Chris Webber launched a $100 million private equity fund with JW Asset Management. This fund focuses on investing in cannabis startups, signaling Webber’s interest in capitalizing on emerging markets. The fund’s establishment marks a significant move into the business world, leveraging his financial resources to support entrepreneurial ventures within the cannabis industry.
Chris Webber’s Real Estate and Personal Assets
In 2003, Chris Webber invested $1.8 million in a home in Malibu, California. He later sold this property in December 2014 for $3.5 million, demonstrating a profitable real estate venture. While specific details about other real estate holdings or personal assets like private planes or luxury cars are not publicly available, the Malibu property transaction provides insight into his investment strategies.
Legal Issues
Chris Webber has faced legal challenges throughout his career. In 1998, he was arrested and charged with various offenses, including second-degree assault, marijuana possession, and driving under the influence. Although he was acquitted of most charges, the incident highlights the complexities of his public life. Later, in 2002, Webber was charged with lying to a grand jury during an investigation into a numbers gambling operation. This was linked to a scandal involving University of Michigan basketball program booster Ed Martin, who was convicted on robbery and tax evasion charges. Webber admitted to accepting illicit loans from Martin and pled guilty to criminal contempt for misrepresenting his role in the scandal.
