Julius Winfield Erving II, known as Dr. J, is a former American professional basketball player born on February 22, 1950. He legitimized the ABA, starred with the Virginia Squires, New York Nets, and Philadelphia 76ers, and won three championships, four MVP awards, and three scoring titles.
He is the only player voted MVP in both ABA and NBA. A slam dunk pioneer, he scored 30,026 points and was honored on the NBA 35th, 50th, and 75th Anniversary Teams and in the Basketball Hall of Fame.
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Julius Erving Net Worth
Julius Erving has a net worth of $50 million. He gained fame in the NBA with his high-flying slam dunk style. Over 16 seasons, he played for the Virginia Squires, New York Nets, and Philadelphia 76ers, winning three championships, four MVP awards, and scoring 30,026 points, ranking third all-time.

Renowned for his graceful dunking, Erving helped transform the game. After retiring, he built a successful business and endorsement career, expanding his influence beyond basketball.
Early life
Julius Erving was born on February 22, 1950, in East Meadow, Long Island, and raised in Roosevelt, New York. He lived in Hempstead before age 13 and attended Roosevelt High School, where he played basketball.
His nickname “Dr. J” originated from his friend Leon Saunders, who he called “the professor.” At Rucker Park in Harlem, Erving rejected nicknames like “Black Moses” and “Houdini”, insisting on “Doctor”. The name evolved into “Dr. Julius” and eventually “Dr. J”, first used by teammate Willie Sojourner.
Career
Julius Erving enrolled at the University of Massachusetts Amherst in 1968, averaging 26.3 points and 20.2 rebounds per game. Due to a dunking ban, his skills were seen only in practice. Fifteen years later, he earned a bachelor’s degree in creative leadership and received an honorary doctorate.
In 2021, a statue was unveiled at the Mullins Center. In 1970, he played for the U.S. Olympic Development Team, excelling as MVP. After meeting Johnny “Red” Kerr and Al Bianchi, he joined the ABA in 1971, sparking litigation.
Personal life
Julius Erving is a Christian, stating he found meaning in Jesus Christ. He was married to Turquoise Erving (1972–2003), with whom he had four children, including Cory, who died in 2000.

He had a daughter, Alexandra Stevenson, with Samantha Stevenson in 1980 and met her in 2008. In 2003, Erving fathered Justin Kangas with Dorýs Madden, later marrying her in 2008 and having three more children. In 2021, he attended a statue unveiling at UMass alongside John Calipari, Marcus Camby, and Jack Leaman.
Does Julius Erving have a PHD?
Julius Erving does not have an earned PhD, but he holds an honorary doctorate from the University of Massachusetts Amherst. He earned a bachelor’s degree in creative leadership and administration through the University Without Walls program, fulfilling a promise to his mother.
Conclusion
Julius Erving’s legacy extends far beyond the basketball court. His journey from a basketball superstar to a successful entrepreneur illustrates a trajectory of excellence and savvy business sense. Dr. J’s story is not just about sports; it’s about leveraging fame and talent into a diverse and successful post-athletic career.
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FAQs about Julius Erving Net Worth
- What is Julius Erving’s net worth?
Around $50 million as of 2023. - What made Julius Erving famous?
His revolutionary skills in basketball, especially his dunking ability. - What business ventures does Julius Erving have?
Ownership of a Coca-Cola bottling plant and cable TV stations. - Where does Julius Erving live?
His current residence is private, but he has ties to Philadelphia. - How did Julius Erving accumulate his wealth?
Through his basketball career, endorsements, and business investments.
