What is John Elway’s Net Worth?
| net worth: | $145 million |
|---|---|
| age: | 64 |
| date of birth: | June 28, 1960 |
| gender: | male |
| high: | 1.91 m (6 ft 3 in) |
| country of origin: | USA |
| Source of wealth: | Professional football player |
| Last updated: | July 28, 2024 |
introduce
John Elway was a very successful quarterback who became the president of football operations for the Denver Broncos.
Elway’s career began when he was selected by the Baltimore Colts in the 1983 NFL draft. He was traded to the Broncos in the first round. The football star had a 16-year career, retired with two Super Bowl titles, and was named a Hall of Fame member.
As of July 2024, John Elway’s net worth is estimated to be $145 million.
Quick Facts
- John was inducted into the University Hall of Fame in 2000.
- He retired as the NFL’s second-most prolific passer.
- Since retiring in 1999, John has owned several profitable businesses.
- In 1994, he appeared in an episode of Home Improvement.
- In 2007, John starred in the “Fast Cars and Superstars: Gillette Young Guns Celebrity Series” television series.
early life
John Albert Elway Jr. was born on June 28, 1960, in Port Angeles, Washington.
He has a twin sister, Jana, who was born 11 minutes younger than him, and a sister, Lee-Ann, who is 18 months older. Their father, Jack, was a college football coach who encouraged his children to play sports from an early age. Today, John talks about playing with his siblings as one of the happiest memories of his life.
He and his twin sister Jana share a special bond and as children they were inseparable.
His father began teaching John to play baseball in their backyard, and John showed obvious talent, and Jack did everything he could to help him further his abilities. Despite all the support, John stayed home while his sisters went on ski trips so that he wouldn’t get injured for fear of not being able to compete.
John gained a deeper understanding of the game by watching his father coach and experienced many great tournaments, occasionally caddying.
In high school, he led his baseball team to the Los Angeles City Championship, which attracted a lot of attention from recruiters across the country.
Profession
While in school John gained a reputation as a football player, and after graduating with a degree in economics, John was drafted by the Baltimore Colts.
Elway had no interest in playing for the Baltimore Colts. He threatened to leave the NFL and play for the Yankees if he was not traded immediately.
Elway was traded in the first round to the Denver Broncos – a wise decision as John quickly became one of the best players on the team. He even led the Broncos to the AFC Championship, the team’s first in more than a decade.
In 1997, John was credited with helping the Broncos become the best offense in the NFL and was considered a key factor in their success. During his time with the Broncos, John played in five Super Bowls, including two of the team’s championships. He also broke many records and became an international superstar.
Business Investment
In 1999, John decided to retire from the sport and subsequently started several businesses that flourished under his leadership. His most successful venture was a car dealership he opened in Denver in the 1990s that grew into seven additional car franchises.
In 2001, Elway decided to sell most of his shares in the car dealership, making a profit of $82.5 million.
In 2001, John’s father died of a heart attack, and the following year, tragedy struck again when his twin sister Jana died of lung cancer.
John spent more time with his family and coaching his beloved team, the Denver Broncos, including the team’s standout running back Von Miller.
Income and salary
| Year | team | salary |
|---|---|---|
| 1983 | Denver Broncos | USD 1,600,000 |
| 1984 | Denver Broncos | $700,000 |
| 1985 | Denver Broncos | $800,000 |
| 1986 | Denver Broncos | $900,000 |
| 1987 | Denver Broncos | $1,400,000 |
| 1988 | Denver Broncos | $1,425,000 |
| 1989 | Denver Broncos | $1,450,000 |
| 1990 | Denver Broncos | $1,525,000 |
| 1991 | Denver Broncos | $1,900,000 |
| 1992 | Denver Broncos | $2 million |
| 1993 | Denver Broncos | $10,100,000 |
| 1994 | Denver Broncos | $3 million |
| 1995 | Denver Broncos | $3 million |
| 1996 | Denver Broncos | $8,020,000 |
| 1997 | Denver Broncos | $2,825,000 |
| 1998 | Denver Broncos | $4,800,000 |
| Total career income: | $45,445,000 | |
NBA Salaries
In 1983, John Elway signed a five-year, $5 million rookie contract with the Denver Broncos. His signing bonus was $1 million, which helped him earn $1.6 million in his first season in the NFL. Elway made $700,000 in 1984, $800,000 in 1985, and $900,000 in 1986.
In 1987, he agreed to a six-year, $12.7 million contract extension with the Broncos. The contract contained no guarantees but came with a $3 million signing bonus. Elway earned $9.7 million before his contract expired in 1993.
In 1993, he reached a new agreement with Denver for four years and $19.1 million. The signing bonus was $6 million, which made him earn $10.1 million in the 93/94 season. Elway’s annual salary in 1994 and 1995 was $3 million.
In 1996, Elway signed a five-year, $29.5 million extension with Denver. His signing bonus was $6.25 million, which made him $8 million that year. The contract was renegotiated several times, with Elway making $2.8 million in 1997 and $4.8 million in 1998.
Elway retired after the 1998 season with career earnings of $45.5 million.
Estimated annual net assets
After retiring from football, John Elway focused on becoming the best businessman he could be.
Through his network of contacts and his popularity during his football days, John’s car dealership business grew tremendously.
He cashed out $82.5 million and rejoined his favorite team, the Broncos, first as coach and then as CEO.
Currently, John Elway’s net worth in 2024 is estimated to be $145 million, which is a considerable increase compared to the years he has been playing.
How does John Elway spend his money?
John was a significant donor and philanthropist to charities such as the Make-A-Wish Foundation and foundations that help children who have experienced abuse.
He owns a beautiful seven-bedroom home in Englewood valued at $5.81 million.
John took the risk and invested in a car dealership, which ultimately became a huge success and profit.
He owns some of the most expensive cars in the world and currently drives a Mercedes-Benz S55 AMG.
personal life
In 1984, John married Janet Buchan and they had four children: Jordan, Jack, Jessica and Julianna.
John’s father tragically passed away in 2001 from a heart attack, which was a huge blow to John as he considered his father one of his best friends.
To make matters worse, his twin sister Jana died of lung cancer the following year. Amid this tragedy, John’s wife left him in 2002 and the two finally divorced in 2003.
John spent time focusing on his family and away from work because he found that work only caused stress to those around him.
He eventually began dating again and met cheerleader Paige Green, whom he married in 2009.
You can follow John’s official Instagram or Twitter account to see what he’s up to now.
Awards and Achievements
Elway won three Super Bowls with the Broncos, two as a player and one as an executive.
Here are the best moments from John Elway’s career:
- John was inducted into the Pro Football Hall of Fame in 2004.
- His alma mater, Granada Hills High School, renamed the school’s football field after him in 1998.
- In 1987, John was named the NFL Most Valuable Player and a member of the Sporting News All-NFL Team.
- In 1993, he was named the AFC Offensive Most Valuable Player.
- In 1987, the Colorado Sports Hall of Fame honored John with the Colorado Professional Athlete of the Year trophy.
In 1989, the Broncos reached Super Bowl XXIV but lost, the third time in Elway’s career.
It took the Broncos eight years to return to the Super Bowl, but on January 25, 1998, Elway and the Broncos defeated the Green Bay Packers in Super Bowl XXXII.
Favorite John Elway Quotes
Here are some of our favorite John Elway quotes:
- “I’ve been at my best and I’ve been at my worst. I think to appreciate anything you have to experience both extremes.” — John Elway
- “Things are done the hard way. I think you learn better when things are done the hard way.” – John Elway
- “You learn more from your lows because it makes you focus on what you’re doing.” – John Elway
- “I have always believed that everything happens for a reason.” – John Elway
- “I’m blessed to have won two Super Bowls and know that last year was a positive year.” – John Elway
Summary
John created a legacy in the NFL, proving his athletic ability despite the hardships he faced.
After a stellar start in the NFL, Elway dedicated his life to football, first as a player, then as a manager and CEO. He continued to do what he loved, coaching the teams he always supported, and had no interest in living a life of luxury.
Elway has resigned as general manager of the Broncos and is serving as an outside consultant for the team he contributed so much to over the years.
What do you think about John Elway’s net worth? Leave a comment below.
Categories: Net Worth
Source: svlsf.edu.vn