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What Is Henry Ruggs III Net Worth’ Net Worth
Henry Ruggs III, an American football player, has a net worth of approximately $4 million. This valuation stems primarily from his NFL contract and related earnings before his career was abruptly curtailed. While precise details of his asset allocation beyond football earnings are not publicly available, his net worth is significantly influenced by his contract with the Las Vegas Raiders.
NFL Salary and Contract Details
In July 2020, Henry Ruggs III signed a four-year contract with the Las Vegas Raiders valued at $16.67 million. A significant component of this contract was a $10 million signing bonus, which was intended to be paid out over the life of the contract. However, after the termination of his contract following a tragic car accident in November 2021, the Raiders clawed back a portion of this bonus. It is estimated that approximately $6 million of the signing bonus was recovered by the team.
Ultimately, Ruggs is estimated to have received around $4.73 million from the Raiders before his release. This total includes his base salaries and a portion of the signing bonus he was able to retain. In 2021, he earned a base salary of $607,000 and a signing bonus allocation of $2.4 million. His contract was structured to increase his earnings in subsequent years, with a scheduled base salary of $4.8 million for the 2022 season, which he did not receive due to his legal issues and contract termination.
Given that the Raiders are based in Nevada, a state with no state income tax, Ruggs benefited from this tax advantage during his tenure with the team. However, after accounting for federal taxes, agent fees (typically around 3%), and other expenses, it is estimated that he netted approximately $2.85 million from his Raiders contract. This figure does not include the substantial legal expenses he incurred in connection with the 2021 car crash, which would have further reduced his net earnings from his NFL career.
In total, Henry Ruggs’ career earnings are estimated to be around $11 million before taxes and other deductions. This includes the initial signing bonus and the salary he received during his active playing time with the Raiders.
Early Life and Education
Henry Ruggs III was born on January 24, 1999, in Montgomery, Alabama. He attended Montgomery Catholic Preparatory School, where he excelled in multiple sports, including football, basketball, and track. Specific financial details regarding his upbringing or family’s net worth are not publicly available. During his time in high school, Ruggs established himself as a highly sought-after football prospect, which eventually led to his commitment to the University of Alabama.
College Football Career at the University of Alabama
Ruggs had a successful college football career at the University of Alabama, where he played as a wide receiver. In 2017, as a freshman, he recorded 12 receptions for 229 yards and scored six touchdowns. He followed this with a more productive sophomore year in 2018, catching 46 passes for 741 yards and 11 touchdowns. As a junior in 2019, he had 40 receptions for 746 yards and seven touchdowns. He also showcased his versatility by returning 17 punts for 264 yards and one touchdown.
Ruggs’ performance during his junior year earned him consensus All-American honors. He was also named the SEC Offensive Player of the Year, solidifying his status as one of the top wide receivers in college football. While college athletes were not traditionally paid salaries, Ruggs’ success significantly enhanced his marketability and future earning potential in the NFL.
NFL Career with the Las Vegas Raiders
Henry Ruggs III was drafted by the Las Vegas Raiders in the first round of the 2020 NFL Draft, selected as the 12th overall pick. Upon being drafted, he signed the aforementioned four-year contract worth $16.67 million, including a $10 million signing bonus. His rookie season in 2020 showed promise, as he recorded 46 receptions for 703 yards and four touchdowns. He also returned 11 punts for 159 yards.
Ruggs’ second season was tragically cut short due to the car crash in November 2021. Prior to the incident, he had played in 10 games, catching 24 passes for 469 yards and two touchdowns. His performance metrics indicated continued growth and potential for a successful NFL career, which was abruptly halted.
2021 Car Crash and Legal Consequences
On November 2, 2021, Henry Ruggs III was involved in a high-speed car crash in Las Vegas, Nevada. Driving his Corvette at speeds exceeding 150 mph, he collided with a vehicle driven by Tina Tintor, who was stopped at a red light. The collision resulted in the immediate deaths of Tintor and her dog, Max. Ruggs was arrested and charged with DUI resulting in death and reckless driving. The Las Vegas Raiders released him from his contract the same day, effectively terminating his NFL career.
In February 2023, Ruggs pleaded guilty to one count of DUI resulting in death and one count of misdemeanor manslaughter. On August 9, 2023, he was sentenced to 3 to 10 years in prison. The legal proceedings and subsequent incarceration have significantly impacted his financial situation and future earnings potential. The specific details of his legal expenses and any potential civil liabilities are not publicly disclosed.
Assets and Investments
Detailed information regarding Henry Ruggs’ assets and investments is not publicly available. However, given his earnings from his NFL contract, it is likely that he had some investments, though the specifics of these investments remain private. It is plausible that he had holdings in stocks, bonds, or real estate, but specific details are not accessible.
Luxury Cars
Henry Ruggs was known to own a Chevrolet Corvette. The specific model year and features of his Corvette, which he was driving during the 2021 car crash, have been widely reported in media coverage of the incident. Beyond the Corvette, details about any other luxury vehicles he may have owned are not publicly available.
Public Image and Endorsements
Prior to the car crash, Henry Ruggs had a promising public image as a rising star in the NFL. He had the potential to secure endorsement deals and sponsorships, which could have significantly increased his earnings beyond his NFL salary. However, the tragic events of November 2021 severely damaged his public image, eliminating any potential endorsement opportunities. Details of any specific endorsement deals he may have had prior to the crash are not publicly available, but it is reasonable to assume that his marketability has been irreparably harmed.
Net Worth Considerations Post-Sentencing
Following his sentencing and incarceration, Henry Ruggs’ ability to manage or grow his remaining net worth is significantly restricted. His primary focus will be on serving his prison sentence and addressing any potential civil liabilities arising from the car crash. While incarcerated, he will not have the opportunity to earn additional income or engage in business ventures. The long-term impact of his legal troubles on his net worth and financial future remains uncertain.
