Dan Marino Net Worth - Pulptastic

Dan Marino, a retired American football player, has a net worth of $50 million. He played as a quarterback for 17 seasons and holds several records. Although he never won a Super Bowl, he is widely regarded as one of the greatest quarterbacks of all time.

What is Dan Marino’s Net Worth, Career Earnings and Salary?

Dan Marino, a retired American football player, has a net worth of $50 million. He played as a quarterback for 17 seasons and holds several records. Although he never won a Super Bowl, he is widely regarded as one of the greatest quarterbacks of all time.

Marino played for the Miami Dolphins and received honors such as NFL Rookie of the Year and NFL Most Valuable Player. He retired before the 2000 season and was inducted into the Pro Football Hall of Fame in 2005.

Aside from football, Marino is known for his appearances in various television and film projects. He is also actively involved in philanthropic endeavors.

Dan Marino’s Net Worth

Dan Marino joined the Dolphins in 1983 under a four-year $2.1 million contract, which grew to $6 million per season in his final year. He earned $51.5 million in total salary during his NFL career and has continued to earn millions from endorsements even after retirement.

As of 2002, Marino had a net worth of $45 million, with $23 million in liquid assets, $15 million in real estate, and several million dollars in private investments. However, some of his real estate assets and private investments eventually failed.

Marino earned $2 million per year as a co-host of “Inside the NFL” and $1 million from companies such as AutoNation and Nabisco.

Dan Marino’s Early Years and College Career

Dan Marino was born on September 15, 1961, in Pittsburgh, Pennsylvania. He grew up with two sisters in a family of Italian and Polish heritage and attended Catholic schools as a child. Marino showed promise in both baseball and football during his high school years.

After graduating from high school, Marino enrolled at the University of Pittsburgh, where he played football for the Panthers from 1979 to 1982. During his time with the Panthers, the team achieved a number-one ranking in the nation and had a talented squad, many of whom later became successful in the NFL. However, Marino’s performance declined during his senior year, just before he entered the NFL draft.

Dan Marino’s NFL Career

In 1983, Marino was drafted by the Miami Dolphins as the 27th overall pick in the first round. By his second season, he had broken several records, many of which still stand in 2020. Despite reaching the Superbowl in 1984, the Dolphins lost to the 49ers.

Throughout the middle of his career, Marino continued to play at a high level of performance. In 1992, he led the league in passing yards and continued to lead the Dolphins to further Superbowls. In 1996, he became the first quarterback in NFL history to throw for 50,000 career 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 Affair and Seventh Child

In 1985, Dan Marino married Claire D. Veazey. They have six children together. However, in 2013, Marino admitted to having an affair with a CBS employee in 2005. As a result of this affair, Marino fathered a seventh child. To maintain his reputation, Marino paid the employee millions of dollars to keep their affair quiet.

Marino’s Business Ventures and Philanthropy

Before retiring, Dan Marino dabbled in several business ventures. He served as a marketer for Team Cheever in the Indy Racing League and co-owned a NASCAR team with Bill Elliott. He also founded the Dan Marino Foundation in 1992, which has raised over $22 million for research and treatment of neurological diseases.

Dan Marino Loses Millions in Bankruptcy of Digital Domain Media Group

In 2012, Dan Marino reportedly lost $13.6 million when Digital Domain Media Group Inc. filed for bankruptcy. However, the exact amount of his losses was difficult to determine as those close to him were unsure of his investment in the company.

At one point, Marino’s shares in the company were worth $14.5 million, but after the value dropped to 55 cents per share, many estimated his losses to be around $13.6 million. Digital Domain Media Group gained notoriety for creating a hologram of Tupac at the Coachella Music Festival.

Dan Marino’s Real Estate Losses and Profits

In 2008, Marino suffered a $600,000 loss when he sold a 9,250-square-foot home in Parkland due to the crashing real estate market. In 2009, he faced difficulty selling his 15,000-square-foot Tuscan home in Weston, Florida, and added over $1.5 million worth of designer furniture to sweeten the deal, eventually selling it in 2011 for $7.2 million, less than half of the original asking price.

Although he made a profit from the sale of his Weston home, Marino incurred another notable loss in 2018 when he sold a townhouse in Weston for $90,000 less than what he had originally purchased it for in 2007.

Despite the losses, Marino and his wife still own a condo in Weston and bought another one on Fort Lauderdale beach in 2015, in a luxurious building where units start at $1.8 million.

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