Joe Montana, a retired NFL quarterback played for 16 NFL seasons with San Francisco 49ers (1979- 1992) and Kansas City Chiefs (1993- 1994). The 3rd round 82nd overall pick of 1979 NFL Draft, Montana is the 4-time Super Bowl champ with the 49ers & the first player to become Super Bowl MVP 3 times.
Joe made an overall $25.555 million from NFL contracts & salary- his highest-ever contract signed was 3-year $10 million deal when he was traded to the Chiefs from the 49ers in 1993.
What Made Joe Montana A Millionaire: Net Worth In 2020 & Income Sources?
With over 16 years in NFL, the 63-year-old retired quarterback got hands in a hefty sum through NFL career. According to Celebrity Net Worth, Joe enjoys a net worth of $10 0 million as of March 2020.
Montana’s season-high salary was $4 million. But before her made his position count in NFL, that is until 1990, he made an average salary of merely $356,000 per season.
Aside from NFL contract & salary, the 6 ft. 2 inches tall personality got aid in earnings through business investments- he produces wine under the label Montagia.
Without a doubt, after his retirement from NFL on April 18, 1995, Joe is active as an angel investor, though, has not gained perks in comparison to NFL career.
Formerly, Montana had investments in HRJ Capital, which saw a drop after the 2008 financial crisis & was acquired by a creditor after failing to meet the debts.
As per his LinkedIn profile, the 2000 Pro-Football Hall of Fame inductee serves as managing partner for capital firm Liquid 2 Ventures since March 2014.
Earnings From NFL Contract & Salary
Joe Montana, the alum of the University of Notre Dame, won the 1977 season of NCAA National Championship & was later drafted by San Francisco 49ers in the 1979 NFL Draft on May 3.
Out of 16 NFL seasons, Joe Montana played 14 seasons with the San Francisco 49ers & earned $21.55 million while his last 2 seasons with Kansas City Chiefs earned him $4 million.
Montana’s career earnings from on-field NFL is $25.555 million; the Top-5 highest-earning NFL figures are:
- Eli Manning (#1)- $252.28 million
- Peyton Manning (#2)- $248.732 million
- Drew Brees (#3)- $244.710 million
- Tom Brady (#4)- $235.166 million
- Aaron Rodgers (#5)- $233.62 million
The New Eagle, Pennsylvania-born signed his very first contract with the 49ers on July 13, 1979, worth $255,000 for 3 years.
Here is the list of Joe’s Contracts In NFL:
San Francisco 49ers
|3-year (signed on July 13, 1979)||$255,000|
|Contract extension (July 23, 1982)||–|
|6-year deal (August 3, 1984)||$6.3 million|
|3-year deal (November 17, 1988)||$7.6 million|
|4-year contract (August 10, 1990)||$10 million|
|Was traded to Kansas City Chiefs (on April 20, 1993) & subsequently signed contract|
|Kansas City Chiefs||3-year deal (April 20, 1993)||$10 million|
Salary From NFL Teams:
San Francisco 49ers
|$50,000 (excludes $50,000 signing bonus)|
|1981-1983||$85,000 per season|
|1984||$800,000 (excludes $350,000 signing bonus)|
|1990||$4 million (excludes $500,000 signing bonus)|
|1993||Kansas City Chiefs||$4 million|
|1994||San Francisco 49ers||$4 million|
Achievements In NFL Career
Since the 1979 NFL Draft to his retirement in 1995, Joe Montana played in 192 games & averaged:
- Pass Completion- 3,409
- Passing Yards- 40,551
- Touchdowns- 273
- Interceptions- 139
Montana became 4-time Super Bowl champion (XVI, XIX, XXIII, XXIV) with the 49ers & was the first player to become a 3-time Super Bowl MVP (XVI, XIX, XXIV).
Furthermore, Joe Montana holds a SuperBowl record of 122 passes from 4 games without an interception.
Career After Retirement: Business Endeavors
In his post-NFL career, Joe Montana tried out his hands in business endeavors, though, it saw him disappointment at first. Formerly, he owned stake at HRJ Capital, however, it ran on debts & was eventually bought by a creditor after the 2008 financial crisis.
Having invested in Pinterest and Dropbox, Montana, in 2015, founded venture capital firm Liquid 2 Ventures with partners Ron Conway, Mike Miller, and Michael Ma.
As per Celebrity Net Worth, the firm had a fund of $25 million in venture capital.
With the firm Liquid 2 Ventures, Joe Montana has investment stints at GitLab, Crowd Cow, Rappi, Captain401 & HERB.
Moreover, he produces wine under the label Montagia & also owns horses; he is a member of the American Quarter Horse Association (AQHA) since 1996.
As per the report of 2002, Joe’s horses earned more than $464,000 from competitions.
Frequent Price Slash On $49 Million California Estate: Where Does He Live?
Currently, Joe Montana lives with his 3rd wife Jennifer Montana in San Francisco, California- where he owns other million-dollars worth estates.
In 2015, the retired NFL quarterback bought a 2-bedroom and 2-bathroom full-floor flat in Marina District of San Francisco for $2.275 million.
Montana also owns a 500-acre estate in Sonoma County which has a Tuscan-style mansion boasting 3 bedrooms & 3 bathrooms; he put the property for sale in 2009 asking $49 million.
By 2012, the asking price of the estate dropped to $32 million, however, after the sales failure, Joe Montana again slashed the price to $28.9 million in July 2019.
No report on the estate ever came up.
Reportedly, the 4-time Super Bowl champ, in July 2019, put his 87-acre ranch in wine county of Calistoga for sale at $3.1 million. He had bought the property in 1998 for $1.8 million.
Joe Montana established the Four Rings Montana Family Foundation in 2004 that aims to help underprivileged children. Furthermore, he supports other non-profit organizations: Celebrity Fight Night Foundation, Feeding America & Muhammad Ali Parkinson Center.
Married For 3 Times: Relationship & Children
Montana has been married 3 times in his life & divorced twice.
Currently, he lives with his third wife Jennifer Montana; they married on February 24, 1985,& shares 4 children together: Alexandra Whitney (October 10, 1985), Elizabeth Jean (December 20, 1986), Nathaniel (October 3, 1989) and Nicholas (April 28, 1992).
Previously, he was in a marital relationship with first wife Kim Moses from January 4, 1975, to 1977.
Thereafter, the NFL figure married second wife Cathleen Castillo on July 1, 1981, but divorced on June 27, 1984.
Joe Montana was born Joseph Clifford Montana Jr. on June 11, 1956, in New Eagle, Pennsylvania, the USA. His parents Joseph Clifford Montana Sr. (1932- 2017) and Theresa Marie Bavuso Montana (1935- 2004) were Italian-American.
After attending Waverly Elementary School, he went to Finleyville Junior High and later in Ringgold High School. Upon graduation, Joe enrolled at the University of Notre Dame & obtained a degree in business administration and marketing.