Joe Montana net worth
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What is Joe Montana’s net worth?
Joe Montana is a retired professional American football player who currently has a net worth of US$150 million. He is best known as a long-term quarterback for the San Francisco 49ers, but he also played for the Kansas City Chiefs. He made more money from venture capital and endorsement deals when he retired than he made from salary and endorsements during the game.
As a quarterback with a hugely successful record, he was selected to the Pro Bowl 8 times, led the 49ers to win 4 Super Bowl titles, and was inducted into the Pro Football Hall of Fame in 2000. Montana is known by multiple nicknames, including “Joe” Cool, “Back to Kid” and “Jin Joe.” He is known for his ability to stay calm under pressure, and he has enjoyed a truly remarkable career in the NFL The world has left a permanent mark.
Occupational income
In his NFL career, Joe’s total salary was only $25.5 million, which is surprising. His highest single-season income from the Kansas City Chiefs in 1993 and 1994 was $4 million. Revenue in 1993 was 4 million U.S. dollars, which is equivalent to about 7.5 million U.S. dollars today. His US$25.5 million professional income is equivalent to about US$53 million today.
endorsement
In addition to the NFL salary, Joe also earned tens of millions of dollars in additional income through endorsements. Those endorsement contracts have actually continued to the present. In fact, Joe can easily make far more money from endorsements after retirement than his total salary. He has appeared in advertisements for companies such as Guinness, Schick, Papa Johns, Mastercard, AT&T, etc.
early life
Joe Montana was born in New Eagle, Pennsylvania on June 11, 1956, his original name was Joseph Clifford Montana (Joseph Clifford Montana, Jr.). His father, Joe, manages a financial company, and his mother Teresa is the company’s secretary. Joe grew up in Monongahela, Pennsylvania, and enjoyed sports as a child. His father taught him how to play football, and Joe joined a youth football team when he was 8 years old.
Montana attended Waverly Elementary School, Finleyville Middle School, and Ringgold High School; he played football, baseball, and basketball in high school, and received a basketball scholarship from North Carolina State University (he declined). Joe was a backup in the first two years of the football team, but became the starting quarterback in his junior year, and Parade magazine named him a national quarterback in his senior year (1974). Montana also sang in the school’s choir and served as the senior vice president, and won a scholarship from the University of Notre Dame. The football field at Ringgold High School was officially renamed Joe Montana Stadium in 2006.
College football career
The University of Notre Dame does not allow freshmen to participate in the college football team, so the University of Montana did not contribute to the team until sophomore year. By then, NCAA champion coach Alla Passegian had resigned due to health issues. His successor Dan Devine was impressed by Joe’s performance in the 1975 spring training and decided to let him play the last game in the spring. Starting in. Due to shoulder separation, Montana had to miss the 1976 season, but he served as a quarterback in 1977; Notre Dame’s record that season was 11-0, winning the Associated Press/Coach National Championship for the team.
Notre Dame de Paris participated in the Cotton Bowl game on January 1, 1979. Despite the cold temperature, Montana helped the team score 3 touchdowns in the final minutes of the game. Notre Dame won by 1 point, and ESPN.com ranked the 1979 Cotton Bowl as the third place in the list of the 2002 Greatest Bowl Games. Montana graduated in 1979 with a degree in business administration and marketing. Later that year, the San Francisco 49ers drafted Joe in the third round of the NFL Draft, making him the 82nd overall pick.
Professional football career
Montana became the starting quarterback of the 49ers in 1980 and held that position until 1990. In 1982, the 49ers defeated the Cincinnati Bengals 26-21 to win the sixteenth Super Bowl championship. Joe won the Super Bowl MVP award, which he won again in 1985 and 1990. In 1985, the San Francisco team defeated the Miami Dolphins 38-16 in the 19th Super Bowl. Montana missed part of the 1986 season due to a back injury, but his outstanding performance after recovery won him the 1986 NFL Player of the Year Award. In 1989, the 49ers narrowly defeated the Bengals in the 23rd Super Bowl, winning 20-16. In 1990, Montana led the team to win the Super Bowl again, defeating the Denver Broncos by a score of 55-10, and was named the Sports Illustrated Player of the Year.
When Joe was sidelined with an elbow injury in 1991 and 1992, Steve Young proved to be an effective quarterback. After the return of Montana, Yang did not want to be relegated to a backup quarterback. The 49ers agreed to let Montana seek a trade and signed a three-year, $10 million contract with the Kansas City Chiefs in April 1993. That year, the Chiefs won their first division championship in 22 years. Joe announced his retirement on April 18, 1995, and Super Bowl XXX was dedicated to him. In December 1997, the 49ers retired his number (16).
(Photo by Otto Gruele Jr/Allsport/Getty Images)
Records and achievements
Montana ended his NFL career with 273 touchdowns, 139 interceptions and more than 40,000 yard passes. He had 35 passes for 300 yards, and when he retired, only one player (Steve Young) had a higher pass rating than him. Joe also maintained the record for the fastest win of any quarterback in 100 games until Tom Brady won his 100th game in 2008, and he also maintained the record for the most games with a passing score of more than 100.0. Montana is the first player to win the MVP in 3 Super Bowls, and the NFL network named him the 4th in the 2010 “Top 100: NFL’s Greatest Player”. He was selected as the NFL All-Time Team in the 1980s, the NFL 75th Anniversary All-Time Team, and the NFL 100th Anniversary All-Time Team. He won the NFL Most Valuable Player Award in 1989 and 1990.
Liquid2 Ventures
After retiring from the NFL, Joe used his business network in the Bay Area to start a career as a venture capitalist. Today, he is one of the co-founders/general partners of the venture capital firm Liquid2 Ventures. Some of the companies that Joe and Liquid2 have successfully invested in include:
- Taste
- Airbnb
- Robin Hood
- GitLab
At the time of writing, GitLab is Liquid2’s biggest investment success. In 2015, Joe and his partners invested US$100,000 in GitLab, when the company was valued at US$12 million.
GitLab will be available on October 14, 2021. At the end of the first day of the transaction, the company’s market value was $15 billion. At that level. Liquid2’s US$100,000 investment is worth US$63 million.
According to reports, there are more than a dozen other pre-IPO unicorns (companies with a market value of one billion US dollars) in Liquid2’s portfolio.
Mike Coppola/Getty Images
personal life
Joe married high school sweetheart Moses Kim from 1974 to 1977, and married Cascastillo from 1981 to 1984; in 2008, after Moses sold his souvenirs and letters from Notre Dame, he Sued Moses (together with an auction house) for $75,000. He married actress Jennifer Wallace in 1985. He met during the shooting of a Schick commercial. They welcomed their daughter Alexandra on October 10, 1985, and on December 20, 1986. Daughter Elizabeth welcomed her son Nathaniel and son Nicholas on October 3, 1989. April 28, 1992. Nathaniel and Nicholas played football in high school and college.
In 1986, Montana had surgery to enlarge his spinal cavity and remove the ruptured intervertebral disc; he recovered faster than expected and resumed playing football only 55 days after the operation. Joe owns his own Montagia brand wine, produced in collaboration with Beringer winemaker Ed Sbragia. He owns several horses, and his favorite is the cool cat.
real estate
In 2009, Montana listed his 500-acre estate in Calistoga, California for US$49 million; he lowered his asking price to US$35 million in January 2012, and in July 2019 Relisted for USD 28.9 million. In June 2021, he re-listed for US$24.5 million.
He bought another 87-acre Calistoga ranch for US$1.8 million in 1998 and put it on the market in 2019 for US$3.1 million. He also bought an apartment in San Francisco for $2.275 million in 2015.
In August 2021, Joe and his wife paid a little more than $7 million for a beach house in Malibu, California.
