Dan Marino Net Worth (Money & Salary)
Dan Marino Net Worth (Money & Salary)
October 30, 2024
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What Is Dan Marino’s Net Worth, Career Earnings, and Salary?
A retired American football player, Dan Marino boasts a net worth of $50 million. Over a 17-season tenure in the NFL, he established himself as a record-breaking quarterback. Although he did not win a Super Bowl, Marino is widely regarded among the greatest quarterbacks ever. He played an instrumental role for the Miami Dolphins and earned accolades such as NFL Rookie of the Year and NFL Most Valuable Player. Following his retirement before the 2000 season, he was inducted into the Pro Football Hall of Fame in 2005. Outside of his football career, Marino is recognized for his appearances in various television and film projects, as well as for his active involvement in philanthropic efforts.
Career Earnings and Endorsements
Upon joining the Dolphins in 1983, he signed a four-year contract worth $2.1 million. By his final season, Marino was earning $6 million annually. Throughout his NFL career, his total salary accumulated to $51.5 million. Additionally, he has made tens of millions through endorsements, which have continued well into his retirement.
A “New York Times” profile from 2002 indicated that Marino had a net worth of $45 million at that time, which included around $23 million in liquid assets, $15 million in real estate, and several million from private investments like a bank, office buildings, and a golf course. Unfortunately, some of these real estate holdings and investments would later face difficulties, as we explain further in this article.
At that time, he was also earning $2 million annually as a co-host of “Inside the NFL” along with an additional $1 million from endorsements with brands like AutoNation and Nabisco.
Early Life
Born on September 15, 1961, in Pittsburgh, Pennsylvania, Daniel Constantine Marino Jr. grew up with two sisters in a family of Italian and Polish heritage. He attended Catholic schools during his childhood. Dan showcased talent in both baseball and football while in high school.
After completing high school, Marino enrolled at the University of Pittsburgh and played for the Panthers from 1979 to 1982. During this time, the Panthers achieved a number-one national ranking and were supported by a talented roster, many of whom went on to have successful NFL careers. Unfortunately, Dan’s performance declined in his senior year, just as he was preparing for the NFL draft.
Career
In 1983, the Miami Dolphins selected Marino as the 27th overall pick in the first round of the draft. During his rookie campaign, he set numerous records. By his second season, he had established even more milestones—many of which persist as of 2020. Despite the Dolphins’ defeat to the 49ers in the Super Bowl in 1984, Marino continued to excel.
Throughout the mid-stages of his career, Dan maintained a remarkably high level of performance. In 1992, he led the league in passing yards. He further guided the Dolphins to additional Super Bowls and became the first quarterback in NFL history to achieve 50,000 career passing yards in 1996. By 1999, his passing yards total had reached 60,000. He concluded his career a year later, with his last victory being against the Seattle Seahawks.
Relationships
Dan Marino wed Claire D. Veazey in 1985. Together, they have six children. However, in 2013, he revealed that he had an affair with a CBS employee back in 2005, resulting in the birth of a seventh child. To protect his reputation, reports suggest that Marino compensated this CBS employee with millions to keep their affair confidential.
Further
Ventures
Even prior to his retirement, Marino engaged in various business activities. In 1997, he began working in a marketing position with Team Cheever within the Indy Racing League. Subsequently, he co-owned a NASCAR team with driver Bill Elliott. In 1992, he founded the Dan Marino Foundation, a charitable organization that has successfully raised and allocated over $22 million towards researching and treating neurological diseases.
Financial Issues
In 2012, reports surfaced indicating that Marino had incurred a loss of $13.6 million due to the bankruptcy of Digital Domain Media Group Inc. Nevertheless, accurately assessing the magnitude of his losses proved challenging. Individuals close to Dan expressed uncertainty regarding the actual amount he had invested in the failing company.
One report indicated that at one point, Dan’s shares in the organization had a value of $14.5 million. After the share price fell to 55 cents, many analysts calculated that Marino’s total loss amounted to $13.6 million. Digital Domain Media Group gained significant attention for creating a hologram of Tupac at the Coachella Music Festival.
Real Estate
In 2008, Marino was significantly impacted by the declining real estate market, leading him to incur a loss of $600,000 when he sold a 9,250-square-foot residence in Parkland. He and his wife had bought the property in 2005 for $2.95 million. By 2009, it was reported that Dan struggled to sell his Weston, Florida home, and in an attempt to “sweeten the deal,” he furnished the house with over $1.5 million worth of designer furniture.
Initially, he and his wife Claire listed the home for $15.9 million in 2006, later reducing the price to $13.5 million. Despite these efforts, no buyers showed interest in the 15,000-square-foot Tuscan-style house, which boasted 10 bedrooms, a pool, a 5,000-bottle wine cellar, and an outdoor pond with real bass. The property is located on a peninsula and spans a generous 4.3 acres.
In 2011, it was revealed that Dan had finally managed to sell his home, albeit for a dramatically reduced price of $7.2 million. While this amount was less than half of the initial asking price, Marino still made a profit, having purchased the home in 1995 for $2.15 million. Assuming they did not leave Weston, Marino and his wife likely continued living in the area, as they own another condominium nearby.
In 2015, Dan and his wife acquired another condo in Fort Lauderdale, although the purchase price was never disclosed. However, it is known that units in the upscale Auberge Beach Residences & Spa begin at around $1.8 million. In 2018, Marino faced another substantial loss when he sold a townhouse in Weston for $90,000 less than his original purchase price. Eleven years prior, he had bought the condo for $655,000.
Reports indicated that the property had appreciated significantly in value six years prior to Marino’s purchase. Unfortunately, after he acquired it, the trend reversed, compelling him to sell the property for $565,000 over a decade later.
The data for this analysis pertains to 2023 and 2024, with projected figures extending to 2025 and 2026. Additionally, we include forecasts for 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Dan Marino Net Worth (Money & Salary)