Chad Ochocinco is an NFL veteran who played for the Cincinnati Bengals, New England Patriots, and Miami Dolphins. After playing 11 seasons in the league, he has since retired from professional football and become a media personality. With his success on the field and off, Chad Ochocinco’s net worth is estimated to be around $12 million dollars. In this article, we will take a closer look at how Chad Ochocinco earned his money, what assets and investments he owns, and how his career has impacted his net worth.
Career Overview & Stats
Before becoming a media sensation, Chad Johnson was known as one of the most talented wide receivers in the NFL. He was drafted by the Cincinnati Bengals in 2001, where he made a name for himself over 11 years with the team. He caught 751 passes for 10,783 yards and 66 touchdowns throughout his time in the league. Following his stint with the Bengals, Chad had brief stints with the New England Patriots and the Miami Dolphins before officially retiring from the NFL in 2012.
Ochocinco’s Salary Throughout His Career
As a standout player, Chad Johnson earned millions of dollars throughout his career in the NFL. According to Spotrac, Chad signed a six-year extension deal with the Bengals in 2006 that paid him nearly $30 million dollars. He also made nearly $3 million per season during his two-year contract with the Patriots and earned just under $1 million during his lone year with the Dolphins. Altogether, Chad Ochocinco earned approximately $35 million dollars throughout his 11-year career in the NFL.
Ochocinco’s Assets & Investments
While not much is known about Chad Ochocinco’s personal finances, it is clear that he has invested some of his earnings into real estate. He owned multiple homes throughout his career including ones located in Fort Lauderdale and Hollywood Beach Florida. In addition to real estate holdings, Chad has also invested heavily in stocks and bonds which likely add up to millions of dollars.
Real Estate Holdings & Houses Owned by Ochocinco
In 2011, Chad purchased a 4 bedroom 5 bathroom home located in Fort Lauderdale for over 2 million dollars. The property was listed as 6800 square feet but recent reports have suggested that Chad added additional features to make the house larger than its original size. Additionally, Chad also purchased a 3 bedroom 3 bath beachfront property in Hollywood Beach, Florida for 1.2 million dollars in 2010.
Sponsorships & Endorsements Deals
In addition to salary and investments, Chad has also earned significant sums of money through various sponsorships and endorsement deals. While details of these contracts are rarely disclosed to the public, it can be assumed that they totaled several hundred thousand dollars or more throughout his career. Some of the companies Chad has worked with include Old Spice, Procter & Gamble, Reebok, Gatorade, Chevrolet and Vitamin Water.
Business Ventures & Entrepreneurship Efforts
Not only did Chad use some of his money to invest in real estate and stocks, he also used it to fund business ventures. Most notably, he founded a production company called 8 Productions LLC which produces TV shows such as “The Ultimate Catch” and “Ultimate Debutante”. He also opened “Ocho Cinco Wine and Cigar Bar” located in Miami Beach and recently launched a line of high-end tequila called Eighté Tequila.
Legal Troubles & Financial Difficulties
Despite all of his success, Chad faced some financial difficulties due to legal troubles stemming from domestic disputes with ex-girlfriends as well as unpaid taxes totaling thousands of dollars. Although he managed to avoid jail time after reaching settlements with prosecutors, it still took a toll on his finances. Despite these obstacles, Chad was able to turn things around and eventually bounce back financially.
Net Worth Calculations
When taking all sources of income into account including salary, endorsements, investments and business ventures, it can be concluded that Chad Ochocinco currently has an estimated net worth of $12 million dollars. This number could continue to grow if he continues to capitalize on new opportunities within the entertainment industry.
Conclusion
Chad Ochocinco is living proof that hard work pays off and that even setbacks won’t stop you from achieving your goals if you remain determined. Through wise investments and savvy business decisions, he has been able to amass a sizable fortune estimated at around 12 million dollars. Although many may consider retirement when their sports careers end, it appears that Chad Johnson plans on continuing his journey of success beyond football.