Net Worth Ranker
What Is Dan Marino’s Net Worth?
Dan Marino, a retired American football quarterback, has a net worth of $50 million. This valuation reflects his successful 17-season career in the National Football League (NFL), primarily with the Miami Dolphins, coupled with earnings from endorsements and business ventures.
Dan Marino’s Career Earnings and Financial Ventures
Marino’s financial success stems from his NFL career and strategic endorsements. When he joined the Miami Dolphins in 1983, he signed a four-year contract worth $2.1 million. By his final season, his salary had escalated to $6 million per season. Over his entire NFL career, Dan Marino earned a total of $51.5 million in salary. Beyond his base salary, Marino’s endorsement deals contributed significantly to his wealth. A 2002 profile in the “New York Times” estimated his net worth at $45 million at the time, with roughly $23 million in liquid assets, $15 million in real estate, and several million dollars in private investments, including a bank, office buildings, and a golf course.
However, Marino faced financial setbacks with certain real estate assets and private investments. In 2012, it was reported that Marino had lost $13.6 million due to the bankruptcy of Digital Domain Media Group Inc. While the exact details of his investment remained unclear, it was noted that his shares in the company had once been valued at $14.5 million. After the value of each share plummeted to 55 cents, many concluded that Marino had incurred a $13.6 million loss.
Marino has engaged in various business ventures, including a marketing role at Team Cheever of the Indy Racing League in 1997. He also co-owned a NASCAR team with driver Bill Elliott. In 1992, Marino established the Dan Marino Foundation, a philanthropic organization that has raised and distributed over $22 million for research and treatment of neurological diseases.
Dan Marino’s Early Life and Football Career
Daniel Constantine Marino Jr. was born on September 15, 1961, in Pittsburgh, Pennsylvania. Raised in a family of Italian and Polish descent, he attended Catholic schools during his childhood. He was proficient in both baseball and football during his high school years. After graduating, Marino attended the University of Pittsburgh, playing with the Panthers from 1979 to 1982. During this period, the Panthers attained a number-one ranking in the nation, benefiting from a talented squad. In 1983, Marino was drafted by the Miami Dolphins as the 27th overall pick in the first round. During his rookie season, he set several new records. By his second season, he had broken even more records – many of which still stand to this day. Despite reaching the Super Bowl in 1984, the Dolphins lost against the 49ers. In 1992, he led the league in passing yards. By 1999, he had thrown for 60,000 passing yards. His career ended one year later, and his final win was against the Seattle Seahawks.
Dan Marino’s Real Estate Investments
Dan Marino’s real estate portfolio has seen both gains and losses. In 2008, Marino experienced a $600,000 loss when he sold a 9,250-square-foot home in Parkland. He and his wife had originally purchased the home in 2005 for $2.95 million. The property featured luxury amenities. The home originally listed for $15.9 million in 2006. The 15,000-square-foot Tuscan home featured 10 bedrooms, a pool, a 5,000-bottle wine cellar, and an outdoor pond with bass. It was situated on a peninsula with a 4.3-acre lot. In 2011, he sold his home for $7.2 million. While this was less than half of the original listing price, Marino still made a profit, having purchased the home in 1995 for $2.15 million.
In 2015, Dan and his wife bought another condo in Fort Lauderdale at the Auberge Beach Residences & Spa building. Units at the luxurious Auberge Beach Residences & Spa building start at $1.8 million.
In 2018, Marino sold a townhouse in Weston for $90,000 less than what he originally purchased it for. 11 years prior, Marino had purchased the condo for $655,000. He sold the property for $565,000.
Relationships and Personal Life
In 1985, Dan Marino married Claire D. Veazey. They have six children together. In 2013, Dan admitted to having an affair with a CBS employee back in 2005, resulting in a seventh child. He reportedly paid the CBS employee millions to keep the affair quiet.
