Julius Erving Net Worth: Is Julius Erving a Millionaire

Julius Erving Net Worth

Julius Erving – a name of a legend in the arena of basketball. A legend who changed the game forever. Imagine a world where gravity doesn’t apply and the court becomes a stage. Julius is called Dr.J for that reason. Today we will discover Julius Erving net worth. Let’s enter the court of Julius Erving.

Who Is Julius Erving?

Julius Erving has made a significant impact on basketball. He stood out with his athleticism and unique playing style. He gained fame in the American Basketball Association (ABA), dazzling fans with his gravity-defying dunks and precision. In 1976, he was transferred to the NBA. He continued to awe audiences while he played for the Philadelphia 76ers. Erving’s influence extended beyond the court, making him a cultural icon. His legacy as a talented and innovative player continues to inspire generations of basketball enthusiasts.

Julius Erving Short Bio

Full Name Julius Winfield Erving II
Date Of Birth February 22, 1950
Birthplace Roosevelt, New York
Profession BasketBall Player
Height 6 ft 7 in
Relationship Status Married

What Is Julius Erving Net Worth?

Julius Erving net worth is estimated to be around $50 million. During his playing career, Erving earned a significant portion of his income through his basketball contracts.

Julius Erving Net Worth

Erving has also ventured into various business ventures and investments throughout his life. Additionally, he has been involved in broadcasting and commentary work, contributing to his overall income.

Early Life

Julius Erving was born on February 22, 1950. He had a unique childhood because his family was in the military, so they moved a lot. Even with all the moving, Erving was good at basketball and played for his high school team in Roosevelt, New York.

Then Erving went to the University of Massachusetts Amherst. He played basketball there for two years. Then he studied at the University of North Carolina. But instead of finishing college, Erving decided to start his professional basketball career.

College Career

Julius played basketball when he was in the University of Massachusetts Amherst He scored an average of 26.3 points. also got 20.2 rebounds per game. He became one of the six players who achieved over 20 points and 20 rebounds per game in college basketball. However, during that time, dunking was not allowed by the NCAA, so only his teammates got to see his incredible dunks in practice. In 1971, Erving got special permission to join professional basketball because of difficult circumstances. He is also honored with a statue on campus.

Professional Basketball Career

Erving started playing professional basketball right after finishing college. He was a tall and skilled player, standing at 201 cm and weighing 91kg. In 1972, he joined the NBA draft. Then he was chosen by the Milwaukee Bucks. However, he was soon traded to the Virginia Squires. He played there from 1971 to 1973.

Julius Erving Net Worth

After an impressive first season with the Squires, Erving faced a legal issue that prevented him from joining the NBA. The Squires won the case, so Erving had to continue playing in the ABA. Despite this setback, he remained determined and played one more season with the Squires before joining the New York Nets in 1973.

During his time with the Nets, Erving showed his exceptional skills and leadership, leading the team to win ABA championships in 1974 and 1976. His performances not only brought success to the Nets but also increased his popularity and net worth.

In 1976, Erving became a part of the Philadelphia 76ers. He played there till the end of his career. He amazed fans with his incredible talent and astonishing dunks.

Post Basketball Career

Following his retirement from basketball, Julius Erving ventured into various business endeavors. One notable venture was his acquisition of ownership in a Coca-Cola plant located in Philadelphia.

In 1997, Erving worked in a front office at the Orlando Magic. It is a professional basketball team in the NBA. Additionally, Erving found a partnership in the realm of motorsports. In 1998, he joined forces with former NFL player Joe Washington to field a NASCAR Busch Series team. This partnership showcased Erving’s diverse interests and his willingness to explore opportunities outside of traditional sports.


Dr. J  had a successful basketball career and received many awards. He won championships in the ABA and NBA. He was selected for the All-NBA team 11 times. Also, he was on the list of the All-Star team 11 times. Erving was named the Most Valuable Player in both the ABA and NBA.  He received the Basketball Hall of Fame. Erving’s incredible skills and breathtaking dunks made him a legend in the sport and inspired many players and fans.

Business Ventures

In 1976, Julius Erving signed a groundbreaking shoe endorsement contract. He got paid$20,000 per year. In the 1980s, he was earning $100,000 per year from Converse. This became important later when Michael Jordan, a soon-to-be NBA rookie in 1984, wanted to wear Converse shoes. However, Converse couldn’t offer Jordan more money than Erving and Larry Bird were making at the time. Bird took a cash offer of $25,000 (worth $65,000 today), but Erving chose stock options. When Electronic Arts went public in 1989, Erving’s shares were worth millions.


After retiring from basketball, Erving invested in a bottling plant in Philadelphia, where he was the main owner for twenty years.

In 2016, Erving sold the right to his name “Dr.J” to Authentic Brands Group. As part of the deal, he received an upfront payment and annual royalties.

Acting Career

Julius acted in a funny movie called “The Fish That Saved Pittsburgh” in 1979. It was about sports and had many other NBA stars in it. After he stopped playing basketball, Erving had a small part in a serious movie called “Philadelphia” in 1993. He also acted in two TV sitcoms, “Hangin’ with Mr. Cooper” as well as “The Office”.

Erving also starred in a movie called “Hustle” in 2022. It was about sports and starred Adam Sandler. Erving showed his acting skills by appearing in these different films and TV shows throughout his career.

Personal Life

Julius Erving got married to Turquoise Erving in 1972, but their relationship didn’t last. In 1979, he started dating a sportswriter named Samantha Stevenson. They have a daughter named Alexandra. She is now a professional tennis player. Unfortunately, Erving wasn’t involved in Alexandra’s life when she was young. However, they are now in touch.

Erving has seven other children. He has three kids with his current wife, Dorys Madden. Tragically, Erving’s son Cory passed away in 2000. He had a car accident and ended up driving into a pond. As a result, his son drowned to death.

Real Estate

Throughout his career, Julius Erving owned different homes. One of them was a large mansion in Utah. It was 6,700 square feet in total. He sold this mansion in 2014. Currently, Erving resides in a home located in Florida.


How much does Julius Erving make a year?

He makes around $5 million every year.

Is Julius Erving a billionaire?

He has a net worth of $5o million. So, he is not a billionaire.

How old is Julius Erving?

Julius Erving is 73 years old.

Final Thoughts

Julius Erving net worth is a testament to his dedication and passion for basketball. His athleticism and unique style of play captivated his fans.  Erving’s contributions to the game extended beyond his on-court performances. He is truly a cultural icon and an inspiration to generations of basketball players.


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