Net Worth: $2'000'000
Derrick Coleman’s net worth: Derrick Coleman is a retired American professional basketball player who has a net worth of $2’000’000. Born in 1967 in Mobile, Alabama, Derrick Coleman was a six-foot-ten power forward and center. From 1986 until 1990, he played college basketball at Syracuse University in upstate New York, where He was the Big East Conference Player of the Year in 1990. The New Jersey Jets took Coleman during The NBA Draft in 1990 with The first overall pick. Coleman played in Jersey until 1995. He spent four seasons with the Philadelphia 76ers before playing with the Charlotte Hornets from 1999 to 2001, with the 76ers again from 2001 to 2004, and the Detroit Pistons from 2004 to 2005. In 1991 He earned NBA Rookie of the Year honors and three years later became an all-star in the NBA. Coleman has been named twice to the Third Team Allen. He finished his career with 12,884 points, 7,232 rebounds, and 1,051 blocks. He was part of the November 2004 pacers-pistons fight on the court. Coleman played for the US men’s national team, earning a gold medal at the 1994 World Championships held in Canada. After hanging up the jersey, Coleman lived in Franklin Lakes, New Jersey, and reportedly suffered from several financial problems, including the reported sale of items in his home and bankruptcy. Coleman was paid 91’000’000 in salary during his time in the NBA. In his bankruptcy filing, Coleman listed $4.7’000’000 worth of debt and assets of just $1’000’000. According to sources, he invested millions of dollars in real estate projects around Detroit just a few years before the global economic crash. He also owned stakes in a Detroit hotel, a doughnut shop, and a pizza place. He earns a $90’000 annual pension from the NBA that can’t be touched by bankruptcy.
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