Steve Young Net Worth

Former American football quarterback Steve Young spent 15 seasons on the pitch for the National Football League (NFL). He was born in Salt Lake City, Utah, on October 11, 1961.

Young played college football at Brigham Young University, where he was recognised as the best college quarterback in the country and was named a unanimous All-American. The Tampa Bay Buccaneers of the NFL later selected him in the second round in 1984, but he struggled in his two seasons with the team.

Young was moved to the San Francisco 49ers in 1987, where he took over as the team's starting quarterback. In 1988, 1989, and 1994, he guided the 49ers to three Super Bowl victories, and in that game, he was named the Most Valuable Player (MVP).

Young earned multiple NFL records during his career and was known for his quickness and accuracy as a passer. In 2005, he was admitted to the Pro Football Hall of Fame.

Young has worked as a venture investor and a sports analyst for ESPN since his retirement from football. He co-founded the private equity company HGGC amongst other business ventures. He is renowned for his charitable work as well, especially through the Forever Young Foundation, which he and his wife established in 1993.

How much is Steve Youngs Net Worth in 2023?

As of 2023, Steve Young’s net worth is estimated to be $200 million. This wealth has been accumulated through his playing career, broadcasting career, business ventures, endorsements and investments.

Steve Young’s Salary

During his playing career, Steve Young has accumulated a sum of $50 million over 15 seasons. He earned his highest salary in 1999 with a payout of $6.75 million.

Presently Steve Young works as an analyst at ESPN and earns a salary of $2 million annually. He continues to earn money from his real estate investments and business ventures.

Steve Young’s Endorsements

During his playing career, Steve Young has endorsed a number of famous brands. These include:

1. Visa: Young appeared in a number of the company's commercials promoting Visa’s debit and credit services

2. Reebok: Young endorsed the footwear and athletic wear of Reebok and appeared in their television and print advertisements

3. Frito-Lay: Promoting their Dorito tortilla chips, Young appeared in Frito-Lay’s commercial during the Superbowl

In addition, Young has also been known to endorse Gatorade, All Sports, PowerBar and Burger King

Steve Young’s Investments

Steve Young is known to have made multiple fruitful investments within the business world and real estate.

Amongst his investments, Steve Young is most well known for co-founding a private equity company in Palo Alto named HGGC. This company invests in mid-market companies.

Within his hometown, Young has been the Founding Partner of Sorenson Capital, another private equity firm that deals with investments in the field of technology and healthcare.

Staying in trend with digitization, Young has been involved with N3N, a company that provides software services for data analysis and visualization in line with IoT (Internet of Things).

Young has invested mainly in the field of technology, healthcare, and financial services. Some of his other investments include TibaRay, SportStream and Swell Energy.

Steve Young’s Other Sources of Income

Young’s other sources of revenue come from other endorsements and book deals. His autobiography named “QB: My Life Behind the Spiral” was a bestseller. Apart from his autobiography, Young has authored many other books.

Steve Young’s House

Steve Young’s 6000 square foot house located in Palo Alto, California features 3 bedrooms in the main house, a guesthouse, a swimming pool and a tennis court. The house was bought in 1999 and has a market value of about $6.8 million.

Apart from this magnificent house, Young owns other houses in California and his hometown, Utah. These include a house in San Francisco and a ranch property in Utah. However, some of these properties have been sold.

Young has been known to invest in real estate, being one of the sources of his income.

Steve Young’s Cars

Steve Young’s car collection is quite large. As a celebrity, he owns some of the best cars in the world. The cars include Porsche 911 Carrera, Mercedes Benz SLS AMG, McLaren Spider and Audi A8 L.

Steve Young is known to be a car enthusiast. Apart from having an extravagant car collection, Young has also participated in a car rally called the GoldRush Rally.

Steve Young’s Charity Work

Steve Young has been actively involved in charity, specifically in the field of education, health and community development. Some of his philanthropic activities include:

1. Forever Young Foundation: In 1993, Steve Young established the Forever Young Foundation with the goal of improving the lives of kids who are dealing with financial, emotional, and physical hardships. The Sophie's Place Music Therapy Center, which offers music therapy to children who have suffered trauma or sickness, is one such initiative supported by the organisation.

2. Young Heroes: The Young Heroes initiative, which honours and aids children who have lost a parent or sibling to HIV/AIDS, was established in 1999 by Steve Young and his wife. The programme offers these kids both material and emotional support to help them overcome their obstacles.

3. Education: Steve Young has contributed significantly to the field of education by supporting various initiatives and donating to educational institutions such as the University of Utah.

4. Community Development: Young has been deeply involved in the field of healthcare and community welfare. The Camp Hobe cancer camp and Steve Young Sports and Wellness Center are a few instances of the same