Steve Francis Net Worth

What Is Steve Francis’ Net Worth?

Steve Francis, a retired American professional basketball player, has an estimated net worth of $40 million. This fortune was primarily accumulated through his career in the National Basketball Association (NBA), where he played for teams like the Houston Rockets, Orlando Magic, and New York Knicks.

Career Earnings and Contract Details

Over the course of his NBA career, Steve Francis earned $103 million in salary. His highest-paid season was during 2008-2009 when he received $17 million from the Portland Trail Blazers. Prior to that, as part of his two-year contract with the Houston Rockets in 2007, he earned $6 million.

Early Life and Background

Steven D’Shawn Francis was born on February 21, 1977, in Takoma Park, Maryland. His early life was marked by considerable challenges. After his mother passed away from cancer in 1995, his grandmother became a significant figure in his life. Francis also faced the absence of his father, who was serving a 20-year prison sentence for bank robbery. Growing up, Steve described his grandfather, who worked as a garbage man, as his best friend. He lived in an apartment with 18 people and relied on food stamps. By the age of 10, he was already involved in working for drug dealers. Francis attended six different high schools and played in only two high school basketball games. Despite dropping out of high school, he later obtained his GED. This allowed him to pursue college basketball opportunities, first at San Jacinto College (1996-1997) and then at Allegany College of Maryland (1997-1998). At Allegany, he achieved a quadruple-double against Shawn Marion and Vincennes University. In 1998, he transferred to the University of Maryland, where he earned All-ACC first team and All-ACC Tournament team honors, leading the team to the Sweet 16.

NBA Career Highlights

Steve Francis’s NBA journey began when the Vancouver Grizzlies selected him as the second overall pick in the 1999 NBA Draft. However, he expressed his dissatisfaction with playing for the Grizzlies, which led to a trade to the Houston Rockets. During his first season in the NBA, Francis was named Co-Rookie of the Year and finished second in the Slam Dunk Contest. He remained with the Rockets until 2004, when he was traded to the Orlando Magic. In 2006, he was traded to the New York Knicks. Francis was a three-time All-Star, from 2002 to 2004. In 2007, he returned to Houston on a two-year, $6 million contract. He later played briefly for the Memphis Grizzlies, after being traded but waived before playing a game. His career stats include 10,446 points (18.1 ppg), 3,215 rebounds (5.6 rpb), and 3,473 assists (6.0 apg).

Entrepreneurial Ventures and Personal Life

Beyond basketball, Steve Francis has engaged in several entrepreneurial ventures, including a construction company, boxing promotions, a clothing line called We R One, a barbershop, and a record label named Mazerati Music. Francis suffers from Ménière’s disease, which causes vertigo, tinnitus, and aural fullness. He publicly supported Barack Obama’s presidential campaign in 2008, highlighting the importance of having an African-American candidate.

Real Estate Investments

In April 2019, Steve Francis listed his Houston home for sale at $5.6 million. The property, spanning 11,000 square feet, eventually sold for between $3.3 million and $3.8 million in June 2024. Prior to the sale, Francis had lowered the asking price several times. In January 2020, he acquired a new mansion in Houston for just under $5 million.