Athletes
Joe Paterno Net Worth
Joe Paterno's Net Worth as of 2024
$10 Million
Joseph Vincent Paterno, sometimes referred to as JoePa, was an American, much-celebrated, college football coach, whose career came into disrepute when he was connected with an infamous sex scandal in 2011. He was born on the 21st of December, 1926, in Brooklyn, New York, and was of Italian ancestry.
With a head coaching career spanning six decades, how rich was Joseph Paterno? Sources estimate his net worth at $10 million.
Joe Paterno Net Worth $10 million
Paterno left Brooklyn Preparatory School aged eighteen, and almost immediately enlisted into military service. He served in the US Army in 1945, the last year of World War II, before returning to civilian life to attend Brown University, graduating in 1950 with a degree in English Literature. During his time at Brown, he played football (cornerback and quarterback) for the Brown Bears.
Instead of progressing to grad school, and much to the annoyance of his father, in 1950, Paterno decided to take an assistant coach position at Penn State, with the Nittany Lions. The head coach at that time was Rip Engle, who has coached Paterno when he played at Brown. In 1963, he was offered a salary of $18,000 to leave Penn State and to join the Oakland Raiders. Though that was triple his Penn State salary, and would have been a big boost to his personal wealth, Paterno refused, citing loyalty to the university.
Paterno became head coach when Engle retired in 1966. Over his career at Penn State, Paterno would boast the most victories in all of college coach football history, with 409 total. Over 250 men who played for him went on to become professional.
On the 5th of November, 2011, Jerry Sandusky, former defensive coordinator for Penn State, was arrested on child sexual abuse charges. He was said to have conducted these crimes over a 15 year period, 1994 – 2009. It was alleged that Paterno had known about one child that Sandusky had abused, and that he had not taken appropriate action. He had notified a few colleagues in positions of authority, but had gone no further, and had not informed the police of the situation. Over the following days, a large crowd formed in front of Paterno’s home, full of students who supported him. He was fired on the 9th of November, 2011. He was succeeded in his post by Bill O’Brien.
Only a brief amount of time passed between Paterno losing his job, and him passing away. He died on the 22nd of January, 2012, from lung cancer, at Mount Nittany Medical Centre, Pennsylvania. He was eighty-five.
Paterno took a special interest in his team’s academic performance, which ensured that Penn State players had above average academic results. He also made large contributions to Penn State over the course of his career. Awards he won included “The Bobby Dodd Coach of the Year Award” (1981, 2005), “Sports Illustrated Sportsman of the Year” (1986), “Sporting News College Football Coach of the Year” (2005), and “The Home Depot Coach of the Year Award” (2005), amongst others. He is also a member of the College Football Hall of Fame, inducted on the 4th of December, 2007.
In his personal life, Paterno was a staunch conservative, and endorsed several Republicans, including George H. W. Bush, of whom he was a personal friend. He married Suzanne Pohland in 1962. They had five children, who all attended Penn State, and 17 grandchildren.
Athletes
Tiger Woods Net Worth
Eldrick Tont “Tiger” Woods was born on 30 December 1975 in Cypress, California USA, of part-Chinese, and African- and Native- American (father) and Thai (mother) descent. He is one of the the world’s highest earning sportsmen, a professional golfer who was ranked number one in the world for a total of 545 weeks between in 1997 and 2010, and then for another 60 weeks in 2013-14, the most of any golfer, and during which period he won 119 tournaments on the PGA and European tours.
So just how rich is Tiger Woods? Regardless of the fact that Woods’ divorce from ex-wife Elin Nordegren (former Swedish model), cost him $100 million dollars – including $54.5 million in mortgage payment finalised in January 2016 – authoritative sources estimate that Tiger’s net worth is now still over $770 million, accumulated from golf prize money of around $160 million, and the rest from endorsements during a 20 year career, totalling overall more than $1.3 billion.
Tiger Woods Net Worth $770 Million
Encouraged by his father Earl, Tiger became a child golfing prodigy, already at the age of 3 putting against comedian Bob Hope. He was called on TV shows and published in Golf Digest magazine. He won age group events around the world from the age of eight, and being a 15 year-old teenager he became the youngest US Junior Amateur champion. He was educated at Western High School, Anaheim, but golf was his priority, and at 20 (1996), he became the first in golf history to win three consecutive US Amateur titles, while (apparently) studying at Stanford University.
Tiger then turned professional, and immediately signed multi-million dollar contracts with famous companies such as Nike and Titleist. Next year Woods won his first ‘major’, the US Masters, and achieved number one world ranking, the youngest and the fastest to get to that position. The list of his winnings is endless and achievements too many to mention, but apart from aforementioned 79 victories in the USA and Europe – only Sam Snead has won more(82) – he has won two Japan Golf Tour events, an Asian Tour event, one PGA Tour of Australasia event, as well as 21 titles as an amateur. Of particular significance is that Tiger has won 14 ‘major’ titles, second only behind Jack Nicklaus(18), which has included the ‘grand slam’ of golf three times. In addition, he had been awarded PGA Player of the year 11 times and the Byron Nelson award eight times. There can be no doubt that Tiger Woods has earned his net worth.
Woods is considered the most successful player of all times, partly because of his winning record, but also because he is the first and the only golfer to have earned more than a billion dollars. This fortune was made not only by playing golf, but also by signing very lucrative contracts with companies such as Rolex, General Motors, American Express, and Gatorade apart from Titleist and Nike, and becoming an ambassador for Gillette. Moreover, the businesses of Tiger Woods Foundation which promotes golf, and Tiger Woods Design which is involved with golf courses development, are also very profitable. The athlete is a published writer with “How I Play Golf” as well, which has brought him steady income from 1.5 million copies sold. He has also written a column for the magazine “Golf Digest’ – presumably both added to his net worth.
Following his very public divorce from Elin Nordegren who he married in 2004 – they divorced in 2010 and have two children – also involving details of infidelity over the years, Tiger Woods dated Olympic Games skiing gold medallist Lindsey Vonn for a couple of years, but apparently no more. He was raised a Buddhist, and professes to still follow the teachings.
Athletes
Roger Federer Net Worth
Roger Federer was born on 8 August 1981, in Basel, Switzerland to Robert and Lynette Federer, the latter’s South African descent entitling Federer to hold both Swiss and South African citizenship. Roger is perceived by many to be the greatest tennis player of all time, and this title could well be deserved both in successes on the court and maintenance at the highest level, plus his sporting personality rarely equalled in professional sportspeople.
So just how rich is Roger Federer? This outstanding professional tennis player is estimated to have a current net worth of $420 million, increasing momentarily as he continues to play most weeks of the year, and annual prize money plus endorsements can approach $100 million.
Roger Federer Net Worth $420 Million
Roger Federer first became interested in tennis when he was still a child. Starting school at six years of age, he quickly became the best tennis player in his age group. Eight years later he became the national age group champion, and was sent to train at the Swiss National Tennis Centre in Ecublens.In 1998 he won the ITF junior singles tournament and became the ITF Champion of the Year. After that his career skyrocketed. As of mid-2015, the Swiss-born athlete holds the record for ranking in the ATP No. 1 position for 237 consecutive weeks (from 2004 to 2008), and in total 302 weeks. The tennis icon has appeared in 25 Grand Slam finals and won seventeen of them. He has broken numerous records playing in these tournaments, including the record for 10 consecutive finals, and has acheived a Grand Slam of titles, plus jointly holding the record of seven Wibledon titles (with Pete Sampras) and five US titles (with Sampras and Jimmy Connors). During his long career, Federer has won over 80 tournaments in total, and it has been reported that he has won more prize money than any other player, although this is difficult to establish as values constantly change in comparison with previous champions.
Roger Federer also earns a great deal of money from his endorsement contracts. He has signed long-term deals with Nike, Rolex, Wilson and Credit Suisse, and recently he decided to collaborate with champagne brand Moet & Chandon. In addition to being one of the best-paid athletes out there, his endorsement contracts are just as impressive, as he receives $40 million every year just from his sponsors! According to Forbes, he holds # 8 place in a list of 100 top-earning celebrities as of 2013. But despite his huge financial success and celebrity status, Roger Federer does not hold back when it comes to helping those in need. In 2003 together with his mother he established the Roger Federer Foundationin order to help disadvantaged people and promote a healthy lifestyle. He was also one of the most active celebrities to participate in organizing charities raising money for the victims of the Indian Ocean earthquake in 2004 and Haiti earthquake in 2010.
He is fluent in Swiss-German, German, French and English languages. Like all men in Switzerland, Federer was supposed to serve in the Swiss army, but in 2003 he was released from this duty because of continuous back pain. Roger Federer, who is often called Maestro, is married to the former professional tennis player Miroslava Vavrinec. They met at the 2000 Sydney Olympics where she was competing as well. Due to a foot injury she retired from professional sports and now manages her husband’s public relations. In 2009 the couple married in Basel , and has two sets of twins – twin boys and twin girls.
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