In the realm of American football, quarterback Joe Burrow is a talented and potential player. His football career’s success is largely helpful for his wealth. You can find out about how much he made, invested and spent in his life in this post.
How Much is Joe Burrow’s Net Worth?
Joe Burrow the top quarterback for the Bengals currently has an estimated net worth of about $10 million. In September 2023, it was revealed that he had a huge new deal, as he’s set to be the new highest-paid QB in the NFL.
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Sources: The #Bengals and star QB Joe Burrow have a huge new deal, as he’s set to be the new highest paid QB in the NFL. Right before the season, Burrow and Cincy get their long-awaited deal.
He gets his 5-year, $275M deal. pic.twitter.com/UYCDVsK3Sc
— Ian Rapoport (@RapSheet) September 8, 2023
How Did Joe Burrow Earn Money?
Joe Burrow made his net worth in many ways and below you can read about them:
Salary
Joe was restricted to a meager wage after signing with the Bengals, just like every other rookie in the NFL. His estimated base salary was $610,000 with a $6.58 million total cap in 2020; it was $2.25 million with a $8.2 million total cap in 2021; $3.9 million with a $9.87 million total cap in 2022; and it was anticipated to be $5.5 million with a $11.5 million total cap in 2023.
Joe may receive a contract extension once the term of his rookie agreement expires for a stunning $408 million on an 8-year deal with a fully guaranteed $142.6 million and $240 million in total guarantees. He will become the highest-paid quarterback in NFL history as a result of this deal.
Endorsements
The former top choice is extremely marketable and has received numerous endorsement deals from major brands like Nike, Bose, Nerf and Fanatics. A contract was reached between Bose and Joe Burrow. A multi-year contract with Fanatics was also accepted by him.
Joe Burrow’s official signature on a football costs $400, while his autograph on a jersey for the LSU Tigers or Cincinnati Bengals costs roughly $600. Due to his endorsement agreement with Nike, Burrow also wore a unique tee that was monogrammed with his 740 area code.
A month later, the garment giant allegedly released a replica of the t-shirt in its stores. The quarterback has been approached by numerous businesses, but only a small number of them have been successful.
Other Sources of Income
Joe earns money in addition to his salary and endorsement deals through appearances, social media posts, licensing, memorabilia and bonuses. Burrow pegs the cost of an Instagram post at between $3K and $30K USD.
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Where Did Joe Burrow Invest His Money?
Joe has money in Kodiak claims CB Insights. The business develops items based on food and drinks. Along with musician Jason Derulo, the Bengals quarterback owns a stake in a professional women’s volleyball team. Jim and Robbin Burrow, Burrow’s parents are Blue-Chip shareholders in the Volleyball League Federation.
Burrow adopted a conventional strategy when it came to investing in contrast to athletes like Tom Brady and Patrick Mahomes who invested in Pickleball. Joe invested some of his money in farmland, leasing it to farmers and earning single-digit returns, house and cars.
House
Joe Burrow may have signed a $36 million contract with the Cincinnati Bengals for the 2020 campaign, but he continues to live in Athens County, Ohio with his parents. The athlete’s father once made fun of him, calling him “a millionaire living in his parent’s basement” but it doesn’t appear like he’s in a rush to leave.
The Burrows paid $240,000 to purchase the house. As of 2022, the property is estimated to be worth roughly $325,000. It is a 2,661 square-foot single-family home in The Plains, Athens Country, Ohio, that has 4 bedrooms and 3 bathrooms and is located on a cul-de-sac.
Burrow also has his own property, where he built his starting home in June 2020 for less than a million dollars. For $835,000, he acquired a 2,900 square foot residence in Cincinnati, Ohio’s Columbia-Tusculum area, the oldest part of the city.
The Home was constructed in 2014. About 5 miles to the northeast of downtown and Paul Brown Stadium sits the two-story house.
Cars
Near Cincinnati, Ohio, Burrow has a customized Lordstown EV pickup truck, a Porsche Taycan supercar, an Acura NSX supercar and perhaps a golf cart. His first car was a Lordstown truck called “Endurance” that was made just for him in Lordstown, Ohio.
The Bengals’ colors, “Working Joe,” Joe’s jersey number “9,” and the Bengals’ logo are all displayed on the car’s door. The Endurance has estimated a 7,500-pound towing capacity and 2000/4800 FT-LB of torque. It can go 250 miles and charges in 10 hours.
The Porsche Taycan, which costs an estimated $150,000 is suddenly Joe’s go-to vehicle. The Taycan accelerates quickly and moves very quickly. Its elegant and roomy interior can convey a genuine sense of luxury.
Where Does Joe Burrow Spend His Money?
On December 14, 2019, Joe Burrow was selected as the 85th recipient of the Heisman Memorial Trophy which is awarded yearly to the top college football player. Instead of just talking about football during his victory speech, he talked about the underprivileged and disadvantaged people he knew.
Joe and his parents, along with business and community leaders from Ohio and Louisiana used that event as a springboard to launch the Joe Burrow Foundation.
The primary focus is on helping children who are suffering from mental illness and those who are experiencing food poverty, in addition to providing resources and support to the underprivileged and marginalized in many ways.
The Joe Burrow Foundation seeks to impart to these children the same zeal, dedication and resourcefulness that Joe possesses on the football field.
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