John Elway Net Worth: How Rich Is American Professional Football Executive and The President of Football Operations in 2022!
John Elway is a former NFL quarterback who spent his entire 16-year career with the Denver Broncos. The Broncos have had him on staff as a consultant since 2011, but he has held the positions of general manager, executive vice president of football operations, and president of football operations since 2011.
One of the best quarterbacks of all time, he is widely regarded as a legend in the position. However, the topic of this piece is John Elway’s wealth in 2022.
John Elway Biography
In high school football, he held his own. Seventy universities expressed interest in recruiting him before he graduated. It was ultimately John Elway’s decision to attend Stanford University for college. You probably don’t know this, but he’s the finest player to ever come out of Stanford.
Almost twenty school records? Does John Elway have them all? Undergraduate football competition in division 1m level of the NCAA. There is still a record that John Elway hasn’t been able to break. That goes back too far before he was picked up by the NFL.
What Is John Elway’s Net Worth and Salary?
John Elway, a former NFL quarterback, is now worth $145 million after retiring from the sport. He presently functions as the general manager and president of football operations for the Denver Broncos. Elway was an extraordinarily accomplished quarterback who, before retiring in 1999, set numerous records.
|Net Worth (2022)||$145 Million|
|Monthly Income And Salary||$1 Million +|
|Yearly Income And Salary||$12 Million +|
John Elway founded five car dealerships under the brand name John Elway Autos. The dealerships in Denver were purchased by AutoNation for $82.5 million in 1997. As part of the agreement, AutoNation had the right to use Elway’s name in promotional materials until 2006.
When the agreement ended in 2006, Elway was free to open up dealerships under his own brand again. After that, John opened a Chevrolet dealership in Colorado, a Chrysler Jeep business in Colorado, and a Cadillac franchise branded as Sonic Automotive in California.
Other Bad Investments
John Elway has made a number of terrible investments throughout the years. Most notably, he put $15 million into a Ponzi scam when he could have bought a 10% ownership in the Broncos for the same price. After losing $7 million, he was only able to get $6 million back.
He put a lot of money into an upstart company called Laundromax in 1998, but it never took off. In the same year, he invested $500,000 in the Que Pasa media organization, a Latino-oriented news outlet. By the year 2000, Elway had lost a significant amount of money as share prices had dropped from $27 to $1.
Elway poured millions of dollars into a doomed website called MVP.com in 1999. He was a co-owner of the Colorado Crush, an Arena Football League team that went bankrupt when the league was disbanded.
John Elway Career
After being selected by the Baltimore Colts in the 1983 NFL Draft, John Elway infamously forced the team to move him the following season. If he wasn’t moved, Elway vowed to join the New York Yankees as a baseball player (he could have made it to the big leagues in baseball). His wish was granted when he was sent to the Denver Broncos in a trade.
Elway had some difficulty becoming the starting quarterback for the Broncos early in his career. However, Elway stepped in after Steve DeBerg’s shoulder injury and guided the team to the Super Bowl. The Broncos made another trip to the Super Bowl in 1987, but they were again crushed.
In 1989, they made another trip to the Super Bowl, where they lost a disheartening game. Elway was still early in his career, and there was skepticism that he would ever win a Super Bowl.
Over the course of the next few years, though, he accumulated expertise and grew self-assurance. In 1997, he was able to bring his team back to the Super Bowl and lead them to victory. Again, Elway’s performance fell short of expectations, but it was of no consequence.
Finally, the Broncos came out on top. Elway had a stellar year the following year, playing in and winning another Super Bowl. Last game he played in, he was named the game’s most valuable player.