Dave Bing Net Worth
$5 Million
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Nov 24, 1943 (80 years old)
Washington, D.C.
Male
6 ft 3 in (1.91 m)
United States of America
Basketball player , Businessperson , Politician
Dave Bing: Net Worth, Career, and Contributions
Dave Bing, a retired professional basketball player and the former Mayor of Detroit, boasts a net worth of $5 million. During his tenure as Mayor of Detroit, his salary was $158,558 per year. For several years, Bing generously donated this salary to charity but began accepting it personally in 2011.
NBA Career
Bing's professional basketball career spanned 12 seasons in the NBA from 1966 to 1978. He played for prestigious teams such as the Detroit Pistons, Washington Bullets, and Boston Celtics. Throughout his career, Bing achieved remarkable success:
- Seven-time NBA All-Star
- Member of the Basketball Hall of Fame
Post-Basketball Ventures
After retiring from basketball, Bing transitioned into the business world by founding Bing Steel, his own steel company. The early days were challenging, as he lost 100% of his initial $80,000 investment within the first six months. However, his perseverance paid off, and the company turned a profit, earning $4 million in revenues two years later. By 1985, Bing Steel had grown significantly, employing over 60 people and generating annual revenues estimated at $40 million.
Political Career
In 2009, Dave Bing was elected Mayor of Detroit, and his leadership earned him a second term in office. His tenure as mayor was marked by his commitment to the city and its residents.
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