Dwyane Wade is putting his money where his mouth is.
As first reported by ESPN's Alexa Philippou, the NBA legend and Chicago native will be joining the ownership group of the WNBA's Chicago Sky. In a statement to ESPN, Wade said, "Instead of tweeting out and saying 'go support the W,' instead of showing up at the game and supporting, I wanted to take it to that next level."
Wade's stake in the team is not yet known but will require official approval by WNBA owners before it becomes official. Per ESPN, Wade is purchasing his stake based on an $85 million dollar valuation of the franchise.
Wade also confirmed the move on his personal Instagram.
This is not Wade's first foray into ownership. He is currently a minority owner of the Utah Jazz after purchasing a stake in the team back in 2021. The team's majority owner, Ryan Smith, purchased a majority controlling stake of the franchise in 2020 from previous owner Gail Miller. Wade and Miller had met previously the year before, striking up a friendship following Wade's retirement.
It's a big stretch for Wade who will also go into the Basketball Hall of Fame in September as part of a class that also includes Dirk Nowitzki, Tony Parker, Pau Gasol and Gregg Popovich.
So now that he's set to own percentages in both an NBA and WNBA team, one must ask: How much is Dwyane Wade actually worth?
MORE: Everything we know about Wade's ownership with the Jazz
Dwyane Wade net worth & career earnings
Over the course of his 16-year NBA career that included stints with the Heat, Bulls and Cavaliers, Wade earned $196 million according to Spotrac. The most he ever made in a season was $23.2 million in 2016-17 with the Bulls in the first year of a two-year deal with Chicago.
At the time of his retirement following the 2018-19 season, Wade's $196 million ranked 14th all-time in NBA history, ranking between Zach Randolph and Paul Pierce. Through the end of last season, Wade ranks 37th all-time on the list of highest-paid NBA players.
Off the court, Wade has excelled as an analyst with NBA on TNT's coverage and as host of the TBS show "The Cube." Beyond broadcasting, Wade also signed lucrative endorsement deals with Gatorade, Lincoln, Staples and T-Mobile. He also recently launched his own wine label, Wade Cellars.
Celebrity Net Worth estimates Wade's total net worth to be $170 million.
