Joe Montana's net worth has multiplied due to investment in venture capital
San Francisco 49ers Hall of Famer Joe Montana's net worth has been steadily increasing since he stopped playing in the NFL. The now 66-year-old is living his best life post-football,which does seem rather hard given how successful he was in his playing days.
Across 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 the postseason 11 times, which included eight consecutive times between 1983 and 1990.
Like most professional athletes, Joe Montana's net worth has grown rapidly since he retired. But the way in which the former quarterback has done it is rather different.
Joe Montana's net worth through Venture Capital firm
Liquid 2 Ventures LLC is the firm started by Montana, along with Mike Miller and Michael Ma. Per bizjournals.com, the trio raised a third fund of $80 million in December of 2021.
The fund allows a second fund of $50 million and an initial core fund of $28 million. This money, along with the third core fund by Montana, Miller and Ma, goes toward companies such as Gitlab (NASDAQ: GTLB), which is a software development company. The best part? That company went public and raised $800 million in 2021. Yikes! Joe Montana's net worth skyrocketed as a result.
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Per cnbc.com, in 2021, Gitlab, the company Montana invested in, hit the NASDAQ with an evaluation of around $10 billion. With Montana's investment, his returns, per the website, could be 420-fold. That is some serious cash.
The 49ers quarterback's first fund was the $28 million mentioned above, with his third bringing him some serious money.
Joe Montana's career earnings
Playing in the NFL for 15 years, Montana was always going to have a serious amount of money. Per spottrac.com, Montana's career earnings from the NFL land at $25.5 million. That is nothing to sneeze at.
What is also rather interesting is that Montana's salary never topped $4 million a season. Given the talent and the Super Bowls he won, that is expected to be a little bit higher.
Joe Montana's net worth
As of August 3, 2022, per Finance Yahoo, Montana's net worth is $150 million. Given that his NFL earnings got him only $25 million, the rest has been through other means, largely his venture capital funds.
You go, Joe.