About Fred Hoiberg
It has been estimated that the total amount of Fred Hoiberg net worth reaches 6 million dollars. However, there are some sources, which have stated that his net worth has increased in the last years and currently reaches a sum of 9 million dollars. In addition, his annual salary has been calculated to be as much as 5 million dollars. Fred Hoiberg is serving as a professional basketball coach and this career has been the main one when it comes to increasing the current sum of Fred Hoiberg net worth. Before he became a coach, Fred Hoiberg was a basketball player.
As of right now, Fred Hoiberg is working as the head coach of the Chicago Bulls team, which appears in the National Basketball Association. Before he got this position, he was serving as the men’s basketball head coach for Iowa State University in Ames, Iowa, where he was also raised. In fact, when he was a student, Fred Hoiberg played college basketball at Iowa State University. Then, he became a professional basketball player and played the game for ten years. Thus, this career has also increased the total estimate of Fred Hoiberg net worth.
Fred Hoiberg served as the vice president for basketball operations for the Minnesota Timberwolves team and then started his career as a basketball coach.
Born in 1972, Fred Hoiberg was studying at Ames High School in Ames, Iowa, where he played sports. He was the quarterback of the football team as well as the captain of the basketball team. In 1991, he led his team to the state championships. In the same year, he was titled as the State of Iowa’s “Mr. Basketball”. Then, he entered Iowa State University, where he joined the Iowa State Cyclones team. For three seasons, he was coached by Johnny Orr and for one season, his coach was Tim Floyd. In 1995, Fred Hoiberg was a First-Team All-Big Eight selection. In 2012, The National Federation of State High School Associations inducted his name into the National High School Hall of Fame.
In 1995, he participated in the NBA Draft, where he was chosen as the 52nd overall pick by the Indiana Pacers team. Fred Hoiberg was usually playing in the position of a shooting guard. He played with the Indiana Pacers for four years. Then, he became a free agent and signed a contract with the Chicago Bulls. He played as a member of this team another four years. In 2003, Fred Hoiberg became a player with the Minnesota Timberwolves team. Thus, all of these teams have added up a lot of revenues to the overall amount of Fred Hoiberg net worth.
Fred Hoiberg later became a member of the Minnesota Timberwolves coaching staff. In 2006, he stated that he was going to retire from his career as a professional basketball player and began to work at the front office of the Minnesota Timberwolves. In 2010, Fred Hoiberg became the head basketball coach at Iowa State University. In 2015, he became the head coach of the Chicago Bulls.