Fred Hoiberg Net Worth (Updated 2025).
Fred Hoiberg, born in Lincoln, Nebraska, began his basketball journey at the University of Iowa, where he played point guard from 1991 to 1995. Known for his sharp shooting and court vision, Hoiberg earned the nickname “The Mayor” for his ability to make everyone around him better. After a successful college career, he was drafted by the Indiana Pacers in the first round of the 1995 NBA draft, marking the beginning of his professional career.
Hoiberg’s NBA career spanned over a decade, during which he played for several teams, including the Chicago Bulls, the Minnesota Timberwolves, and the Indiana Pacers. He was renowned for his three-point shooting, averaging 10.2 points per game over his career. However, it was his leadership and basketball IQ that truly set him apart, making him a fan favorite and a respected figure in the basketball community.
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Fred Hoiberg’s Current Net Worth
As of 2025, Fred Hoiberg’s estimated net worth is around $15 million. This figure reflects his successful career in basketball, both as a player and a coach.
Career
Fred Hoiberg, born in 1972, is a former professional basketball player and current head coach. He played in the NBA for 10 seasons, primarily with the Indiana Pacers and Chicago Bulls. Post-retirement, he transitioned into coaching, serving as the head coach of the Iowa State Cyclones and the Chicago Bulls, among other roles.
Other Ventures
Beyond basketball, Hoiberg has ventured into broadcasting. He worked as an analyst for the Big Ten Network and CBS Sports. Additionally, he has invested in various businesses, including a sports bar in his hometown of Ames, Iowa.
Assets
Hoiberg’s assets include real estate. He owns a home in the Chicago suburb of Lincolnshire, valued at around $2.5 million. He also owns properties in Iowa, including a farm valued at over $1 million. His basketball memorabilia collection is another significant asset.
Annual Income
As a coach, Hoiberg’s annual income is substantial. In his most recent role, he earned an average of $5 million per year. His broadcasting and endorsement deals also contribute to his annual income, although the exact figures are not publicly disclosed.
Frequently Asked Questions about Fred Hoiberg
**Frequently Asked Questions: Fred Hoiberg Net Worth**
1. What is Fred Hoiberg’s net worth?
Fred Hoiberg’s net worth is estimated to be around $16 million.
2. How did Fred Hoiberg make his money?
Fred Hoiberg made his fortune through his career as a professional basketball player and coach. He played in the NBA for several teams and has since coached in the NBA and college levels.
3. What teams did Fred Hoiberg play for in the NBA?
Fred Hoiberg played for the Indiana Pacers, Chicago Bulls, and Minnesota Timberwolves during his NBA career.
4. What college did Fred Hoiberg play basketball for?
Fred Hoiberg played college basketball at the University of Iowa.
5. What is Fred Hoiberg’s coaching record in the NBA?
As of 2021, Fred Hoiberg’s NBA coaching record is 115-189, which he accumulated during his time with the Chicago Bulls and the Cleveland Cavaliers.
6. What college teams has Fred Hoiberg coached?
Fred Hoiberg has coached the Iowa State Cyclones and the Nebraska Cornhuskers in college basketball.
7. What is Fred Hoiberg’s current role in the NBA?
As of 2021, Fred Hoiberg is an assistant coach for the Chicago Bulls.
8. Has Fred Hoiberg won any awards or accolades during his basketball career?
Yes, Fred Hoiberg was named to the All-Big Ten Conference First Team during his senior year at the University of Iowa. He was also named the Big Ten Conference Men’s Basketball Player of the Year in 1995.
9. What is Fred Hoiberg’s height and weight?
Fred Hoiberg is 6 feet 11 inches tall and weighs 225 pounds.
10. Is Fred Hoiberg related to any other famous people?
Fred Hoiberg is the son of former NFL player and coach, Eric Hoiberg.
