What is Joe Montana’s Net Worth?
| net worth: | $150 million |
|---|---|
| age: | 68 |
| date of birth: | June 11, 1956 |
| gender: | male |
| high: | 1.88 m (6 ft 2 in) |
| country of origin: | USA |
| Source of wealth: | Professional football player |
| Last updated: | July 28, 2024 |
introduce
Former American professional football player Joe Montana transitioned into a venture capital firm and achieved great success in his second career.
Almost everyone agrees that Joe Montana is one of the greatest professional athletes to ever play football.
He made far more money from venture capital than he did from salary and sponsorships throughout his career.
As of July 2024, Joe Montana’s net worth is estimated to be $150 million.
Joe Montana Facts
- The editors of The Sporting News ranked Montana third on their list of the 100 Greatest Football Players of 1999.
- He is widely considered the fourth greatest player in NFL history.
- Joe was inducted into the Pro Football Hall of Fame in 2000.
- Montana was the NFL’s passing touchdown leader twice, in 1982 and 1987.
- Joe received the Bert Bell Award in 1989.
early life
Joseph Clifford Montana Jr. was born on June 11, 1956, in New Eagle, Pennsylvania, United States.
His parents, Theresa Marie Bavuso and Joseph Clifford Montana, Sr., sent him to Waverly Elementary School and later to Finleyville Junior High School and Ringgold High School.
Joe’s outstanding basketball talent led North Carolina State University to offer him a basketball scholarship in his senior year.
But Joe’s outstanding performance on the high school football team attracted the attention of the University of Notre Dame, and he eventually received a scholarship and accepted it.
When Montana entered the University of Notre Dame in 1974, he competed on the freshman team.
The talented athlete beat North Carolina in 1975 and impressed Dan Devine.
Montana missed the first two games of the 1977 season due to a shoulder injury until the game against Purdue. After the team’s success in the final few games of the season, he was named the starting quarterback.
In 1978, he played a crucial role in the team’s victory over the Pittsburgh Panthers, and the next year he gave another personal best performance against Houston.
Montana’s memories of the match inspired him to make the film Seven and a Half Minutes of Destiny.
Profession
After a fruitful time at Notre Dame, he earned a degree in business administration and marketing, which would serve him well after his retirement.
He was selected 82nd overall in the 1979 NFL Draft by the San Francisco 49ers, one of the NFL’s wealthiest teams.
Although the “San Francisco 49ers” suffered some losses the following season, Montana still passed for 1,795 yards and 15 touchdowns.
In 1981, the team faced the Cincinnati Bengals in Super Bowl XVI, and the talented quarterback once again gave a brilliant performance to help the team win the game.
Joe joins A.J. Green, Geno Atkins, Carson Palmer and Boomer Esiason as award-winning Bengals players.
After more victories, Montana made its second trip to the Pro Bowl in 1984, defeating the Chicago Bears and New York Giants. In Super Bowl XIX against the Dolphins, the team set a record for most passing yards in a single game.
In 1985, the team was defeated by the New York Giants in the NFC Wild Card Game, and the following year Joe was injured and underwent surgery.
In 1987, his career peaked when he threw 31 touchdown passes in just 13 games and set an NFL record with 3,054 turnover-free passing yards.
In 1988, the club earned a second trip to Super Bowl XXIII by defeating the Minnesota Vikings and Chicago Bears in the playoffs.
After signing a three-year contract, he moved to the Kansas City Chiefs in 1993, but recurring injuries affected his playing time.
Even so, he only participated in two games in 1994 after returning from injury and announced his retirement in April 1995.
Career income and salary
| Year | team | salary |
|---|---|---|
| 1979 | San Francisco 49ers | $ 100,000 |
| 1980 | San Francisco 49ers | $70,000 |
| 1981 | San Francisco 49ers | $85,000 |
| 1984 | San Francisco 49ers | $1,150,000 |
| 1985 | San Francisco 49ers | $900,000 |
| 1986 | San Francisco 49ers | $950,000 |
| 1987 | San Francisco 49ers | $ 1,000,000 |
| 1988 | San Francisco 49ers | USD 1,100,000 |
| 1989 | San Francisco 49ers | USD 1,200,000 |
| 1990 | San Francisco 49ers | USD 4,500,000 |
| 1991 | San Francisco 49ers | USD 3,500,000 |
| 1992 | San Francisco 49ers | $3 million |
| 1993 | Kansas City Chiefs | $4 million |
| 1994 | Kansas City Chiefs | $4 million |
| Total career income: | $25,555,000 | |
In 1979, Joe Montana signed a three-year, $255,000 rookie contract with the San Francisco 49ers.
His signing bonus was only $50,000, which put him at $100,000 in his first NFL season.
Montana earned only $70,000 in 1980 and $85,000 in 1981.
If we adjust for inflation, the results would be $266,000 and $293,000, respectively.
In 1984, Montana signed a six-year, $6.3 million contract extension with the 49ers.
His income that year was $1.15 million, which, if adjusted for inflation, would be equivalent to $3.5 million today.
It also means his $6.3 million contract is now likely closer to $18 million.
In 1990, Montana signed a four-year, $13 million contract with the 49ers.
His earnings that year were $4.5 million, in 1991 he earned $3.5 million, and in 1992 he earned $3 million.
When he moved to the Kansas City Chiefs in 1993, he signed a three-year, $10 million contract.
Montana played two years with the Chiefs, earning $8 million before retiring after the 1994 season.
During his NFL career, Joe Montana earned $25.6 million.
He made far more money from venture capital deals than he ever did playing soccer, and he was one of the first investors in Silicon Valley startup Pinterest before it went public.
Montana is the first of many celebrities, including Ashton Kutcher, Kevin Durant and Serena Williams, to launch their own investment fund.
How does Joe Montana spend his money?
Joe owns a stake in a NASCAR racing team and has driven some of the most expensive cars in the world, including a Pontiac Trans Am, the same car that David Hasselhoff drove in the 1980s TV series Knight Rider.
After leaving the NFL, Montana used his network of business contacts in the Bay Area to launch a career as a venture capitalist and currently serves as a general partner and co-founder of venture capital firm Liquid2 Ventures.
Joe and Liquid2 have successfully invested in many companies, including Pinterest, Airbnb, Robinhood, and GitLab.
GitLab is Liquid2’s most successful investment to date, with the company receiving $100,000 in investment from Joe and his partners in 2015, when the company was valued at $12 million.
In October 2021, GitLab went public, with a market value of $15 billion at the close of its first trading day.
This means that Liquid2’s $100,000 investment is worth over $63 million, and with the company’s bright future, the investment will increase.
In 2009, Montana put his 500-acre estate in Calistoga, California, on the market for an estimated $49 million. The property includes an olive grove, a bocce ball court, a basketball court, a spa, a clay pigeon shooting range, stables, a guest house, a swimming pool, a private pond, and gardener’s quarters.
Montana’s family, who mostly live outside of Los Angeles, consider the property their vacation home.
In January 2012, he dropped the price to $35 million.
In July 2019, he listed it again for $28.9 million, and relisted it in June 2021 for $24.5 million.
personal life
In 1974, Montana married his high school sweetheart, Kim Moses, but the marriage lasted only two years before the couple decided to end it.
In 1981, he married a second time, to Cass Castillo, but the marriage failed and three years later, the couple filed for divorce.
In 1985, he married actress Jennifer Wallace, his third marriage, to whom he remains married and has four children: Alexandra Whitney, Elizabeth Jean, Nathaniel “Nate” Joseph and Nicholas Alexander.
Joe makes his own wines under the Montagia label in partnership with Beringer winemaker Ed Sbragia and owns a stable complete with his favorite horse, nicknamed “That Cool Cat,” one of his many horses.
You can follow Joe on Official Twitter Account Or the official Facebook account to find out what he’s up to now.
Awards and Achievements
Here are some memorable moments from Joe Montana’s career:
- In 1986, he won the AP NFL Comeback Player of the Year and three years later he was named the AP NFL Offensive Player of the Year.
- Montana won the Super Bowl MVP award three times, once in 1982, again in 1985 and again in 1990.
- He was selected to the Pro Bowl eight times and made the All-Pro team three times.
- Montana made the playoffs 11 times in his career, including eight straight trips from 1983-1990.
- Joe was named Sports Illustrated’s Athlete of the Year in 1990.
Summary
Joe had a rough time getting started in his college football career, but he worked hard on the field and academically, which put him on the path to a starting lineup.
Although Joe suffered multiple injuries early on, he bounced back strongly, showing the toughness of character that has been a hallmark of his career.
His dedication to hard work has led to record-breaking performances in his NFL career and has also brought him great wealth in his work as a venture capitalist, evaluating companies and their prospects.
As of July 2024, Joe Montana’s net worth is estimated to be $150 million.
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Categories: Net Worth
Source: svlsf.edu.vn