Net Worth Ranker
What Is Sergei Fedorov’s Net Worth?
Sergei Fedorov, a celebrated Russian professional ice hockey center, has accumulated a net worth of $10 million. This financial standing is primarily a result of his successful career in the National Hockey League (NHL) and the Kontinental Hockey League (KHL). Fedorov’s career earnings are reported to be approximately $80 million in salary alone; however, his net worth was affected by significant financial setbacks due to mismanagement by a former business partner.
Sergei Fedorov’s NHL Career and Earnings
Sergei Fedorov’s defection from the Soviet Union marked the beginning of a prominent NHL career, most notably with the Detroit Red Wings, where he spent 13 seasons. His success in the NHL is underscored by three Stanley Cup victories, multiple Olympic medals, and individual accolades such as the Hart Memorial Trophy. Fedorov’s NHL journey also included stints with the Mighty Ducks of Anaheim, the Columbus Blue Jackets, and the Washington Capitals.
During the 1993-1994 season, Fedorov was awarded the Hart Memorial Trophy, recognizing him as the most valuable player. He also secured the Frank J. Selke Trophy as the top defensive forward and the Lester B. Pearson Award (now the Ted Lindsay Award), voted by his fellow NHL players as the best in the league. The following season, in 1994-1995, Fedorov recorded 20 goals and 30 assists in 42 games, showcasing his consistent performance. In 1996, Sergei Fedorov won another Selke Trophy after a season with 39 goals and 107 points in 78 games.
In the 1996-1997 season, Fedorov played a pivotal role in the Red Wings’ Stanley Cup victory, their first since 1955. He led the Finals in both goals and points, further solidifying his reputation. In that same season, he scored five goals in a single game, a rare feat in the NHL.
Fedorov was part of the “Russian Five,” a group of five Red Wings players from the Soviet Union who significantly contributed to the team’s success. Together, they won the Stanley Cup in both 1997 and 1998. In 1998, Detroit paid Fedorov $28 million to retain him on the team, which was the highest single-season amount ever paid to an NHL player at that time.
After the Red Wings’ loss to the Mighty Ducks of Anaheim in the first round of the 2003 playoffs, Fedorov signed with the Ducks as a free agent. During his time with the Ducks, he achieved his 1,000th NHL point, making him the first Russian-born player to reach this milestone.
In November 2005, Fedorov was traded to the Columbus Blue Jackets. He played his 1,000th NHL game with the team. In 2008, Fedorov was traded to the Washington Capitals, where he signed a one-year contract worth $4 million. During this season, his last in the NHL, Fedorov became the highest-scoring Russian-born hockey player, surpassing Alexander Mogilny. Throughout his NHL career, Fedorov earned approximately $80 million in salary.
Financial Setbacks and KHL Career
Despite his substantial career earnings, Sergei Fedorov’s net worth has been impacted by significant financial losses. He reportedly lost $40 million due to a former business partner. This financial turmoil led him to play in the Kontinental Hockey League (KHL) in Russia for two years, a decision made at a time when he had planned to retire. Fedorov successfully sued his former partner but has reportedly been unable to recover the funds.
After his NHL career, Fedorov signed a two-year deal with Metallurg Magnitogorsk in the KHL for the 2009-2010 season. During his time with the team, he scored his 1,500th point in an official game. In 2013, Fedorov announced his return to playing for CSKA Moscow and played his final two career games at the 2013 Spengler Cup.
International Career and Achievements
Sergei Fedorov’s international career is marked by appearances in the World Junior Championships, the World Championships, and the Winter Olympics. In the World Junior Championships, he won silver and gold medals in 1988 and 1989, respectively. In the World Championships, he won gold in Sweden in 1989 and another gold in Switzerland in 1990; he would later win more golds in 2008 and 2009.
At the 1998 Winter Olympics in Nagano, Fedorov contributed to the Russian team’s silver medal. At the 2002 games in Salt Lake City, he helped the team secure a bronze medal. Fedorov also participated in the 2010 Winter Olympics in Vancouver, where Russia was eliminated in the quarterfinals.
Post-Playing Career and Current Role
Currently, Sergei Fedorov serves as the general manager of HC CSKA Moscow in the Kontinental Hockey League (KHL). Since transitioning into this role, Fedorov has been instrumental in guiding the team’s strategic direction and player development. His extensive experience and deep understanding of the game have made him a valuable asset to the organization.
As the general manager, Fedorov is responsible for various aspects of the team’s operations, including player recruitment, contract negotiations, and overall team management. His leadership has been vital in maintaining CSKA Moscow’s competitive edge in the KHL. Fedorov’s commitment to the team is evident as he resides in Moscow during the hockey season, dedicating his full attention to his responsibilities.
During the summers, Fedorov divides his time between Miami and Detroit, maintaining connections with both locations. His involvement in charitable activities through the Sergei Fedorov Foundation demonstrates his ongoing commitment to giving back to the community.
Sergei Fedorov’s induction into the Hockey Hall of Fame in 2015 further solidified his legacy as one of the greatest players in the sport. His former teammate, Alexander Ovechkin, has lauded him as the best player he has ever played with, underscoring the respect and admiration he commands within the hockey community. In 2016, Fedorov was also inducted into the International Ice Hockey Federation Hall of Fame, recognizing his significant contributions to international hockey.
Early Life and Career Beginnings
Sergei Fedorov was born on December 13, 1969, in Pskov, Soviet Union, to parents Natalia and Viktor. By the age of 16, he was already playing hockey for the CSKA Moscow club. His early career in Moscow laid the foundation for his future success in the NHL.
In 1989, he was drafted by the Detroit Red Wings, setting the stage for his defection to the United States the following year. After participating in the 1990 Goodwill Games in Portland, Oregon, Fedorov left with Red Wings vice president Jim Lites in the private jet of Red Wings owner Mike Ilitch. This move marked the beginning of his NHL career and a new chapter in his life.
Sergei Fedorov established the Sergei Fedorov Foundation in 1999, utilizing his entire base season salary of $2 million. The foundation focuses on supporting children in the Detroit area and has contributed over $800,000 to various charities that benefit children in need. Sergei Fedorov’s net worth and financial status are also defined by his philanthropic endeavors and commitment to supporting children through his foundation.
