Joe Montana’s net worth has multiplied due to venture capital investment

0

San Francisco 49ers Hall of Famer Joe Montana’s net worth has steadily increased since he retired from playing in the NFL. The 66-year-old is living his best life after football which seems rather difficult considering his success back in his playing days.

In 15 years in the NFL, Montana has won four Super Bowls, been twice NFL MVP, eight times Pro Bowler and three times All-Pro. During his 15-year career, Montana made the playoffs 11 times, including eight straight between 1983 and 1990.

Like 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 Via Venture Capital Firm

Super Bowl LIV - San Francisco 49ers vs. Kansas City Chiefs
Super Bowl LIV – San Francisco 49ers vs. Kansas City Chiefs

Liquid 2 Ventures LLC is the company founded by Montana, along with Mike Miller and Michael Ma. Per bizjournals.com, the trio raised a third fund of $80 million in December 2021.

The fund allows for a second fund of $50 million and an initial base fund of $28 million. That money, along with Montana, Miller and Ma’s third core fund, goes to companies like Gitlab (NASDAQ: GTLB), which is a software development company. The best part? This company went public and raised $800 million in 2021. Oops! Joe Montana’s net worth has skyrocketed as a result.

According to cnbc.com, in 2021, Gitlab, the company Montana has invested in, hit NASDAQ with a valuation of around $10 billion. With Montana’s investment, its returns, according to the website, could be multiplied by 420. That’s serious money.

The 49ers quarterback’s first fund was the aforementioned $28 million, with his third earning him serious money.


Joe Montana’s Career Earnings

SiriusXM at Super Bowl LIV - Day 3
SiriusXM at Super Bowl LIV – Day 3

Playing in the NFL for 15 years, Montana was always going to have a big buck. Per spottrac.com, Montana’s career earnings from the NFL are $25.5 million. It is not to be despised.

youtube cover

What’s also quite interesting is that Montana’s salary never exceeded $4 million per season. Considering the talent and the Super Bowls he’s won, that should be a bit higher.


The net worth of Joe Montana

As of August 3, 2022, according to Yahoo Finance, Montana’s net worth is $150 million. Since his NFL earnings only brought him $25 million, the rest was raised through other means, largely his venture capital funds.

Go ahead, Joe.

Profile Picture


Share.

About Author

Comments are closed.