Net Worth Ranker
What Is Joe Namath’s Net Worth?
Joe Namath, famously known as “Broadway Joe,” boasts a net worth of $25 million. This financial standing is primarily attributed to his successful career as a professional football quarterback, supplemented by earnings from endorsements, acting roles, and strategic business ventures.
Early Life and College Career
Joseph William Namath was born on May 31, 1943, in Beaver Falls, Pennsylvania. Raised in a Catholic household, he grew up alongside five siblings, the son of working-class parents. Following his parents’ divorce, Joe resided with his mother. His athletic prowess became evident early on during his high school years, where he participated in football, basketball, and baseball. After graduating from high school in 1961, several Major League Baseball teams sought to recruit him. However, Namath opted for football, driven by his mother’s desire for him to pursue a college education. He subsequently enrolled at the University of Alabama, where he played for the Crimson Tide from 1962 to 1964. In 1964, Namath led the team to a national championship, showcasing his exceptional quarterback skills.
NFL Career and Salary Highlights
Namath’s NFL career began with the New York Jets (then part of the AFL), after cartilage damage to his knee rendered him ineligible for the Vietnam War draft. His rookie contract with the Jets was valued at $427,000 over three years, translating to approximately $142,000 per year. Adjusted for inflation, this is equivalent to a $3.5 million contract today, or roughly $1.16 million per year. In 1975, Namath secured another landmark contract, a two-year deal with the Jets worth $900,000. Factoring in inflation, this amounts to approximately $4.3 million today, or $2.15 million per year. Over his career, Broadway Joe completed 1,886 passes for 220 touchdowns with 3,762 passing yards and a 50.1% completion rate. Joe was drafted by both the St. Louis Cardinals of the NFL and the New York Jets, who were then part of the AFL. He was a #12 pick with the Cardinals and #1 pick for the Jets.
Before signing with the Jets, Namath considered an offer from the St. Louis Cardinals. He requested a $200,000 salary and a brand-new Lincoln Continental. Ultimately, he chose to play in the Orange Bowl and signed with the Jets the day after. During Super Bowl III, Namath led the Jets to victory over the Baltimore Colts, completing eight passes to George Sauer alone for 133 yards. He was named the MVP of the game.
Acting Career
Namath’s acting career commenced in 1969 with “The Joe Namath Show,” followed by various stage productions and film roles, including “C.C. and Company.” He also starred in the television series “The Waverly Wonders” and made guest appearances on shows like “The Love Boat,” “Married… With Children,” “Here’s Lucy,” “The Brady Bunch,” “The Sonny & Cher Comedy Hour,” “The Flip Wilson Show,” and “Rowan & Martin’s Laugh-In.” Additionally, Namath lent his voice to animated series such as “The Simpsons.”
Brand Endorsements and Earnings
Joe Namath was a prominent figure in brand endorsements throughout his career, appearing in commercials for companies like Ovaltine, Noxzema, and Hanes. In 1975, he became the highest-paid celebrity endorser, earning $1 million per year from these various brand deals. This, combined with his $450,000 annual salary, resulted in an inflation-adjusted total of approximately $7 million per year in salary and endorsements.
Real Estate Investments
In 2016, Namath acquired a property on the Upper West Side of New York City for approximately $1 million. This purchase, a first-floor duplex with two bedrooms, was intended as a gift for his daughter and her husband, who were also listed as buyers. In 2019, the property was put on the market with a listing price of $1.195 million. The exact address of the property is not publicly available.
Bachelors III Nightclub
In 1969, Joe Namath opened a nightclub called Bachelors III on the Upper East Side of New York City. While the club gained considerable success and attracted numerous celebrities, it also became a frequented spot for members of organized crime. A controversy ensued when Namath refused to sell his interest in the establishment, despite pressure from NFL Commissioner Pete Rozelle. Initially announcing his retirement due to the incident, he later reversed his decision, sold his stake in the club, and continued his football career.
Personal Life and Challenges
Namath married Deborah Mays in 1984, and they had two children, Jessica and Olivia, before divorcing in 2000. He has spoken openly about his struggles with alcoholism, including an incident in 2003 when he made inappropriate comments to ESPN reporter Suzy Kolber while visibly intoxicated. Following this incident, Namath sought treatment for his addiction.
The information available does not specify details about Joe Namath’s private jet, luxury cars, or specific investments.
