Michael Vick is a former NFL quarterback and one of the highest-paid players in the league’s history. His net worth is estimated at around $17 million, making him one of the wealthiest retired athletes in the world. In this article, we will explore where his wealth comes from, what he has invested in, and other aspects of his financial life. We’ll also look at his criminal record and personal struggles to understand how he overcame them and managed to build such an impressive portfolio.
Introduction To Michael Vick’s Net Worth
Since retiring from the NFL in 2017, Michael Vick has enjoyed considerable success as a businessman and entrepreneur. According to CelebrityNetWorth, Vick is currently worth approximately $17 million. This makes him one of the wealthiest retired athletes in the world.
While much of his wealth was accumulated during his time as an NFL player, Vick has also earned money through endorsement deals and business ventures. He is also well known for his philanthropic efforts, which have resulted in awards and recognition.
Where Does Most Of His Money Come From?
The majority of Michael Vick’s fortune came from the salary he earned playing football with the Atlanta Falcons and the Philadelphia Eagles. Over his career, Vick made over $130 million in total earnings – most of it coming from his time with the Falcons.
Vick also made money from various endorsements throughout his career. These included Nike, Coca Cola, Electronic Arts, and even Burger King. On top of that, Vick owns several properties and investments that add up to millions of dollars.
Looking At His Properties & Investments
As previously mentioned, Vick owns several properties and investments across the country. The exact value of these investments isn’t known, but they likely amount to several million dollars. One of his investments includes two homes in Virginia Beach: one valued at $1.6 million and another at $3 million.
On top of that, Vick is reportedly involved in some real estate developments in Georgia and Florida. He also owns stakes in various technology companies such as Zillow Group and XOJET Aviation. These are likely worth several million dollars combined.
His Spending Habits And Charitable Work
Vick’s spending habits remain largely unknown, but he has been generous with donating to charities. For example, he has donated hundreds of thousands of dollars to multiple organizations including Boys & Girls Clubs of America and Operation Homefront.
In addition to charitable donations, Vick spends money on luxury items like cars and vacations. However, he is careful not to go overboard with his spending habits so that he can continue to save for his future.
A Breakdown Of His Salaries Over The Years
During his time in the NFL, Vick made a total of $132 million in salary alone. Here is a breakdown of those salaries over the years:
- 2004-2005: $15.7M
- 2006-2007: $13M
- 2008-2009: $19M
- 2010-2011: $12M
- 2012-2013: $7M
- 2014-2015: $5M
- 2016-2017: $2M
After leaving the NFL in 2017, Vick continued to make money through endorsement deals and other business ventures. Since then, he has become more involved in entrepreneurial endeavors and venture capital investments.
Why Did He File For Bankruptcy?
In 2008, after being convicted on dog fighting charges, Vick filed for bankruptcy due to mounting debts from legal fees and fines. He had amassed nearly $20 million in debt and struggled to find ways to pay it off until ultimately filing for Chapter 11 protection in July 2008. After working out repayment plans with creditors, Vick emerged from bankruptcy in 2009.
Despite going bankrupt, Vick managed to turn things around financially by investing wisely and engaging in new business opportunities. He now lives comfortably with enough money saved up for retirement.
His Endorsement Deals & Business Ventures
Michael Vick has built quite a name for himself outside of football thanks to lucrative endorsement deals with brands like Nike and Powerade. He has also taken advantage of business opportunities with companies like Uptime Energy Drink and Happy Socks USA. Additionally, he serves as a brand ambassador for Uber Eats and sports performance clothing company Adidas.
Vick also runs a few businesses himself – notably V7 Entertainment Inc., a music production company specializing in rap/hip hop music and entertainment events. He also co-owns DCity Smokehouse BBQ Restaurant in Washington D.C., which opened its doors in 2015.
Philanthropic Efforts & Awards Won
Throughout his career, Vick has shown immense generosity towards charitable causes. Not only does he donate large sums of money, but he has also won several awards for his commitment to giving back to the community. In 2011, he was awarded the Black College Football Hall of Fame Impact Award for his work helping underprivileged children get access to education resources and experiences. In addition, he received an award from the United States Sports Academy recognizing his philanthropy and humanitarian efforts.
Criminal Record And Personal Struggles
Unfortunately, Michael Vick’s story wasn’t always about success and fortune. Throughout his career, he faced many challenges stemming from a criminal record and personal struggles related to substance abuse issues. Despite all this adversity, he persevered and used each setback as a learning experience to better himself both professionally and personally. As a result, he became a role model for others facing similar difficulties while rebuilding his reputation along the way.
Conclusion – Looking To The Future
At this point in time, Michael Vick seems to be in a good place both professionally and personally. He has achieved tremendous success as a former NFL quarterback and continues to benefit from his numerous investments and business ventures. Moving forward, it will be interesting to see if Vick further diversifies his portfolio or continues down the path he’s already set out on – either way, there’s no doubt that his wealth will keep growing exponentially into the future.