San Francisco 49ers Hall of Famer Joe Montana’s net worth has been steadily increasing since he quit playing in the NFL. The 66-year-old is living his best life after football, which seems pretty tough considering how successful he was in his playing days.
In 15 years in the NFL, Montana has won four Super Bowls, was a two-time NFL MVP, an eight-time Pro Bowler, and a three-time All-Pro. In his 15-year career, Montana made 11 postseason appearances, including eight consecutive ones between 1983 and 1990.
As with most professional athletes, Joe Montana’s net worth has grown rapidly since his retirement. But the way the former quarterback did it is quite different.
Joe Montana’s net worth through venture capital firm
Liquid 2 Ventures LLC is the company co-founded by Montana with Mike Miller and Michael Ma. According to bizjournals.com, the trio raised a third fund of $80 million in December 2021.
The fund facilitates a second fund of $50 million and a first core fund of $28 million. That money, along with Montana, Miller and Ma’s third core fund, goes into companies like Gitlab (NASDAQ: GTLB), a software development company. The best part? This company went public and raised $800 million in 2021. Oops! Joe Montana’s net worth skyrocketed as a result.
According to cnbc.com, Gitlab, the company Montana invested in, hit the NASDAQ in 2021 with a valuation of around $10 billion. With Montana’s investment, his returns could be 420x, according to the website. That’s quite a bit of cash.
The 49ers quarterback’s first fund was the aforementioned $28 million, and his third brought him some serious money.
Joe Montana’s career earnings
Montana played in the NFL for 15 years and always had a lot of money. According to spottrac.com, Montana’s career earnings from the NFL land at $25.5 million. That’s nothing to sneeze at.
It’s also interesting that Montana’s salary never exceeded $4 million per season. Given the talent and the Super Bowls he’s won, that might be a bit higher.
Joe Montana Net Worth
As of August 3, 2022, Montana’s net worth is $150 million, according to Finance Yahoo. Given that his NFL earnings only brought him $25 million, the rest was funded through other means, primarily through his venture capital funds.
you go joe