How much is John Elway’s net worth?
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| net worth: | $145 million |
|---|---|
| age: | 64 |
| Birth: | June 28, 1960 |
| gender: | Male |
| Height: | 1.91 m (6 ft 3 in) |
| country of origin: | United States of america |
| Sources of funds: | Professional NFL players |
| Last Updated: | July 28, 2024 |
Introduction
John Elway was a highly successful quarterback who became the President of Football Operations for the Denver Broncos.
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Elway began his career when the Baltimore Colts selected him in the 1983 NFL Draft and was traded to the Broncos in the first round. This football superstar had a 16-year career and retired as a two-time Super Bowl winner and Hall of Fame nominee.
As of July 2024, John Elway’s net worth is estimated to be $145 million.
quick Facts
- John was inducted into the College Hall of Fame in 2000.
- He retired as the NFL’s second-most successful passer.
- Since retiring in 1999, John has owned several profitable businesses.
- He appeared in an episode of Home Improvement in 1994.
- In 2007, John appeared in the “Fast Cars and Superstars: The Gillette Young Guns Celebrity Race” television series.
early life
John Albert Elway Jr. was born on June 28, 1960 in Port Angeles, Washington.
He has a twin sister named Jana, who was born 11 minutes after him, and an older sister named Lee-Ann who is 18 months older. His father Jack encouraged his children to be athletic from a young age as he worked as a college football coach. Today, John cites playing with his siblings as one of the fondest memories of his life.
He and his twin sister, Jana, have a special bond and were inseparable from each other during childhood.
His father began teaching John to play baseball in their backyard, and seeing John’s talent, Jack wanted to do anything he could to further enhance his abilities. Although there was a lot of support, John stayed home while his sisters went on skiing trips so that he wouldn’t hurt himself for fear of being unable to compete.
John developed his knowledge of the game by watching his father coach and experienced many great games, sometimes even serving as a ball boy.
In high school, he helped lead his baseball team to the Los Angeles city championship, which earned him considerable attention from recruiters around the country.
Livelihood
John gained a reputation as a football player in school, and after obtaining a degree in economics, John was recruited by the Baltimore Colts.
Elway had no interest in playing for the Baltimore Colts. He threatened to leave the NFL and pursue a career with the Yankees if he wasn’t traded immediately and didn’t have his way.
Elway was traded to the Denver Broncos during the first round – a great decision as John quickly became one of the team’s best players. He also led the Broncos to the American Football Conference championship, the team’s first in over ten years.
In 1997, the Broncos’ offensive game became the best in the NFL thanks to John, who is considered a key factor in their success. While with the Broncos, John played in five Super Bowls, two of which his team won. He also broke many records and became an international superstar.
business ventures
In 1999, John decided to retire as a football player and then opened several businesses that flourished under his ownership. His most successful venture was an automobile dealership he opened in Denver in the 1990s, which eventually grew into seven additional auto franchises.
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Elway then decided to sell his majority stake in the auto dealership in 2001, resulting in him receiving $82.5 million for his share.
In 2001, John’s father died of a heart attack, and the following year, tragedy struck again when his twin sister Jenna died of lung cancer.
John spends more time with his family and coaches his beloved team, the Denver Broncos, including their outstanding linebacker Von Miller.
Income and Salary
| Year | Team | Salary |
|---|---|---|
| 1983 | Denver Broncos | $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 | $2,000,000 |
| 1993 | Denver Broncos | $10,100,000 |
| 1994 | Denver Broncos | $3,000,000 |
| 1995 | Denver Broncos | $3,000,000 |
| 1996 | Denver Broncos | $8,020,000 |
| 1997 | Denver Broncos | $2,825,000 |
| nineteen ninety eight | Denver Broncos | $4,800,000 |
| Total Career Earnings: | $45,445,000 | |
nba salaries
In 1983, John Elway signed a five-year rookie contract worth $5 million with the Denver Broncos. His signing bonus was $1 million, allowing him to earn $1.6 million in his first NFL season. Elway earned $700,000 in 1984, $800,000 in 1985, and $900,000 in 1986.
In 1987, he negotiated a contract extension with the Broncos worth $12.7 million for six years. The deal did not include guarantees, but came with a $3 million signing bonus. Elway earned $9.7 million of the contract’s value before the contract expired in 1993.
In 1993, he negotiated a new deal with Denver, a four-year contract worth $19.1 million. His signing bonus was $6 million, which helped him earn $10.1 million for the 93/94 season. Elway earned $3 million/year for both 1994 and 1995.
In 1996, Elway signed a five-year extension in Denver worth $29.5 million. His signing bonus was $6.25 million, helping him earn $8 million for the year. The contract was renegotiated several times, resulting in Elway earning $2.8 million in 1997 and $4.8 million in 1998.
Elway retired after the 1998 season, having earned $45.5 million in his career.
Estimated Annual Net Worth
After he retired from playing football, John Elway focused on becoming the best businessman he could be.
With his network of contacts and fame from his football days, John expanded his car dealership business to a large extent.
He received $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 huge increase from his playing days to now.
How does John Elway spend his money?
John is a significant contributor and philanthropist to charitable organizations such as the Make-A-Wish Foundation and organizations that help those who have suffered child abuse.
He owns a luxurious seven-bedroom home in Englewood that costs $5.81 million.
John took a leap of faith by investing in an automobile dealership, which eventually proved to be highly successful and profitable.
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He owns some of the most expensive cars in the world and currently drives a Mercedes-Benz S55 AMG.
personal life
John married Janet Buchan in 1984 and they had four children: Jordan, Jack, Jessica, and Juliana.
John’s father tragically died of a heart attack in 2001, which left John devastated as he considered his father to be his best friend.
To make matters worse, his twin sister Jana died of lung cancer the following year, and amid all this tragedy, John’s wife left him in 2002, and the couple divorced in 2003.
John took time to focus on his family and step away from his work, as he found it was causing 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 accounts to see what he’s up to now.
Awards and achievements
Elway has won three Super Bowls with the Broncos, two as a player and one as an executive.
Here are some of the best moments from John Elway’s career:
- John was inducted into the Pro Football Hall of Fame in 2004.
- His school, Granada Hills High School, renamed its football field in his honor in 1998.
- John was named the NFL’s Most Valuable Player in 1987 and to the Sporting News All-NFL team.
- He was named the AFC Offensive Most Valuable Player in 1993.
- In 1987, the Colorado Sports Hall of Fame awarded John the Colorado Pro Athlete of the Year trophy.
In 1989, the Broncos reached Super Bowl XXIV but lost for the third time in Elway’s career.
It took eight years for the Broncos 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 quotes from John Elway
Here are our favorite quotes from John Elway:
- “I’ve experienced a lot of highs and a lot of lows. I think you have to be on both ends of the spectrum to appreciate anything.” – John Elway
- “Things have been done the hard way. I think you learn better when things are done the hard way.” – John Elway
- “You learn a lot from disappointment because it makes you pay attention to what you’re doing.” – John Elway
- “I always believe that everything you go through happens for a reason.” – John Elway
- “I was fortunate enough to get to two Super Bowls and I know last year was a positive one.” – John Elway
Summary
John has built a legacy in the NFL and has proven his athletic abilities despite tough times.
After a great start in the NFL, Elway dedicated his life to football, first as a player and then as a manager and CEO. He continues his work by coaching the team he has always supported and has no interest in living a luxurious life.
Elway has resigned as the Broncos’ general manager and will now take on an outside advisory role for the team he has done so much for over the years.
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Category: Net worth