There are sports personalities that find their way to star-level heights by personal antics or sheer talent that produces on the field. In the world of sports, that notoriety often gets rewarded with huge contacts and endorsement deals, which lay a foundation for future financial success. Yet Tim Tebow has managed to avoid the well-trodden path of those who came before him and has an estimated net worth of between $4 million and $10 million. The exact figure is unknown, but based on existing evidence there is a high probability that it is closer to the higher end of that range. The fact that he is still single allows him to focus solely on his career and financial endeavors, a fact that may change sooner than later. He has been spotted with 2017 Miss Universe winner Demi-Leigh Nel-Peters. An engagement has been announced but there is a difference between “I might” and “I do.” Whether children are in the immediate future is up in the air as well, but it is clear those are the kinds of influences that can put a lot of pressure on one’s financial situation.
Net Worth $10 Million
Name Timothy Richard Tebow
Born Makati, Philippines
Birth Date August 14, 1987
Source of Wealth American Professional Baseball Player, Former Professional Football Quarterback, And Broadcaster
Country United States
Whether you like or hate the persona of Tim Tebow, there is no doubt he is someone who had an early understanding of the value of brand. As a Heisman Trophy winner and star quarterback for the University of Florida Gators, he achieved immediate notoriety in the NFL draft and was picked by the Denver Broncos as the number 25th overall pick in 2010. That led to a contract which netted him nearly $10 million over a three year period, creating a foundation to build upon his brand. That brand went beyond sports to include being a strong Christian advocate which solidified his view among conservatives. He had his detractors for his moral stances, but he learned that however you brand yourself someone is not going to like you. One estimate by the web site The Richest has Tebow signing endorsement deals with big hitters such as Nike, EA Sports, and Jockey that would earn him another $3 million after signing with the Broncos. Later, in 2016, Tebow would sign a contract with Adidas for an undisclosed amount of cash. Then there is the rumor that when Tebow tried out for a spot with the New England Patriots, he was offered $1 million for a commercial ad. Apparently that fell through, as did his attempt to make the Patriot roster, but it illustrates the brand power Tebow had built up over a relatively few short years.
Tebow’s career in professional football had a short, three year stint, but he had already made his ability to draw crowds well-known which resulted in a $100,000 signing bonus when he chose to play minor league baseball for the New York Mets. Very few minor league baseball players make anything near what is needed to achieve the millions of dollars of net worth Tebow has, so this points to another strategy he has used to build his brand and his bank account. Once he had a ton of money in the bank, he could pursue virtually any type of career he wanted to because he basically could live off his nest egg. There are some sports professionals who live the high-spending lifestyle, but Tebow has to be credited to avoiding that mentality and keeping his long term options open. Some many consider him to have achieved celebrity status, seeing he has appeared on a number of television talk shows, but thus far it seems he has kept his focus on keeping his brand clean. He has delved into the world of sports television broadcasting, currently working as a football commentator on ESPN where he has inked a long term contract doing college football (mainly SEC). Most of his gimmicks he had received some criticism on in his early days have found their way to the dust bin since they can only hurt his brand.
Again, expanding on his brand he has written a book that remained on the New York Times best seller list for 24 weeks back in 2011 - “Through My Eyes.” He has taken a step to move into making movies, largely focusing on his religious faith and personal experiences. Now 31 years old, he is looking for other ways to continue to build his brand and add to his net worth. According to the web site heavy.com Tebow purchased a home worth $1.4 million back in 2014. Its location is in his hometown of Jacksonville, Florida. It appears he has decided to make his roots in Jacksonville and stay close to family, as it is reported that he is part owner of a franchise business with his brother.
There is every evidence that Tim Tebow has learned about the importance of brand early on in his life. The vast majority of his total net worth can be attributed to capitalizing more on his brand than his athletic talents. Critics may say that he has not consistently demonstrated any considerable sports talent outside of his college football career. They may be correct but it is a moot point when it comes to evaluating his process of accumulating a net worth of $10 million or more. He diversified his “product line” which included physical assets such as his Jacksonville franchise as well as his ability to sit in front of a microphone and draw viewers to his ESPN gigs.
It is fair to think that along the way Tebow did some serious personal valuation of his changing situation and abilities. Once coveted by the NFL, he had created a financial foundation that allowed him to move on and explore other options. Some may say that Tebow has maxed out his financial potential. Only time will tell. But it is also possible he is content with his $10 million net worth and can pursue less money-focused opportunities. We will have to wait and see.
Written by Garrett Parker
Read more posts by Garrett Parker