Dave Bing is a retired professional basketball player and the former Mayor of Detroit who has a net worth of $5 million. Dave Bing’s salary as Mayor of Detroit was $158,558 per year which for several years he donated to charity, but began accepting personally in 2011.
Dave Bing played 12 seasons in the NBA from 1966-1978 for the Detroit Pistons, Washington Bullets and Boston Celtics. He is a seven time NBA all star and a member of the Hall of Fame. After retiring from basketball, Bing founded his own steel company called Bing Steel. He lost 100% of his $80,000 investment within the first six months before eventually turning a profit and earning $4 million in revenues two years later. By 1985, the company had grown to over 60 employees and had annual revenues estimated at $40 million. Bing was elected Mayor of Detroit in 2009 and was eventually re-elected to a second term.
Net Worth: | $5 Million |
Salary: | $158 Thousand Per Year |
Date of Birth: | Nov 24, 1943 (78 years old) |
Gender: | Male |
Height: | 6 ft 3 in (1.91 m) |
Profession: | Basketball player, Businessperson, Politician |
Nationality: | United States of America |