Steve Young Net Worth

$200 Million

Last Updated:

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What is Steve Young’s net worth?

Net Worth:$200 Million
Age:60
Born:October 11, 1961
Gender:Male
Height:1.88 m (6 ft 2 in)
Country of Origin:United States of America
Source of Wealth:Professional NFL Player
Last Updated:August 2, 2022

Introduction 

Steve Young is known as one of the most accurate quarterbacks of all time and was recognized as one of the top five student-athletes in the United States.

Not only was Steve known for his running ability and his passing skills on the field, but also for his strong financial instincts, which made him an excellent businessman.

After retiring from gridiron football, he took up commentating and became a highly successful investor.

As of December 2022, Steve Young’s net worth is estimated to be $200 Million.

 

Steve Young Facts

  • Steve’s scramble with the Minnesota Vikings in 1988 became a feature in a Burger King commercial in 2006.
  • He retired from football during the 1999 season.
  • Steve got his chance to shine when he replaced Joe Montana in 1991 but he was injured and got replaced.
  • His father, Legrande, gave the speech when Steve was inducted into the Pro Football Hall of Fame in 2005.
  • Steve was the first 49er to wear a number 8 jersey in the team’s history and was then retired in 2008.

 

Early Life 

Jon Steven Young was born October 11, 1961, in Salt Lake City, Utah.

At the age of 2, he was already dribbling a basketball and dressed up as a BYU football player during his first Halloween. He had a passion for exercising and was already doing push-ups at the age of 3.

Steve has two siblings, a sister named Melissa and his brother Mike (who was born on Steve’s birthday). Unfortunately, from a young age, Steve suffered from separation anxiety.

This resulted in his mom having to sit in on classes for a few weeks and Steve found that he battled to stay over at other people’s houses.

In 1969, Steve moved with his family to Greenwich, Connecticut. He attended Greenwich High School, where he joined the Cardinals football team and played as their quarterback. Steve was highly successful while playing for his high school team and ended up becoming the co-captain during his senior year.

With his obvious talents and academic success, Steve was recruited by the University of North Carolina. There was no doubt about his running abilities, but in the beginning, it became apparent that his passing skills weren’t up to standard. However, after loads of practice, Steve was able to perfect his passing abilities.

His college career was very successful, and he soon started breaking records. Steve ended his career on a high, with a total of 592 passes and 18 touchdowns.

His college career resulted in him being inducted into the College Football Hall of Fame.

 

Career 

Because of his early success, he was selected to join the Los Angeles Express during the 1984 USFL Draft.

His first contract was impressive, as he had signed a $40 million contract for 10 years. Steve is not a typical athlete, he also has an exceptional financial brain. This resulted in him accepting the 10-year contract only if the payment was made annually over forty years.

Steve could have joined the NFL in 1984 but wanted to stay with the Los Angeles Express as he wished to continue training under their coaches.

Steve was already breaking records and had excellent performances, but the Los Angeles Express was doomed to failure and they had to pay out a $1.4 million settlement as they could not continue to pay the yearly installments on his $40 million contract.

Steve finally joined the NFL and signed with the Tampa Bay Buccaneers. He spent a short time with the Buccaneers before transferring to the San Francisco 49ers.

He started as a backup player for the 49ers and eventually worked his way up to being the starting quarterback after Joe Montana was injured.

Steve retired from football during the 1999 season as a result of receiving multiple concussions. This motivated him to voice concerns about concussions during professional sports and how to avoid them.

He has become a legend in the NFL, and joins Tom Brady, Colin Kaepernick, Michael Vick, and Josh Allen as one of the best.

You can find out more about Steve Young by checking out his official LinkedIn profile where he lists his current business details.

 

Steve Young’s Career Earnings

Steve always knew that he would become a great player, focussing on his game throughout high school and college.

When he eventually made the move to professional football, he was astute enough to know it wouldn’t last and made the most of the financial opportunity.

Steve Young is now a managing partner in an investment firm he helped start. The deals that they put together in the software start-up space are worth billions, so his earnings each year are substantial.

However, he is tight-lipped about his income and there are no records of how much he actually earns.

 

Steve Young’s Net Worth Annually

Steve Young’s wealth is tied up in his investment in the private equity firm, HGGC. He has used his law degree to good effect, making the transition from a well-paid star athlete to the managing director of a highly successful, niche investment firm.

There are no official records of how much money he has, but estimates place Steve Young’s net worth in 2022 at around $200 million.

He is the managing partner of HGGC, a private equity firm he co-founded. He sits on the policy and investment committee, as well as the executive committee, and oversees the acquisition of niche software companies.

Young was previously the Managing Director and co-founder of Sorenson Capital, a private equity firm operating in the middle-market, leveraged buy-outs in the Western United States. The partners split in 2007 to start HGGC Capital.

Steve and his partner, Rich Lawson, now control a company with over 2 billion dollars under management and use the skills Steve developed playing football to help manage his day-to-day business.

 

Personal Life

Steve met his wife, Babara Graham, on a blind date, and the two connected almost immediately. She was a model from Scottsdale, Arizona and neither of them thought of meeting or getting to know each other as they came from totally different worlds.

The couple got married in 2000 and ended up having four children together; Jackson, Steven, Summer, and Braden Young. Steve’s wife knew very little about football when she met him and was more interested in his views on religion, politics, and social issues. They couldn’t have been more different but their partnership works wonderfully.

As a Mormon, Steve doesn’t drink alcohol and believes in traditional family values. The couple have been together for 20 years and their partnership is stronger than ever.

 

Awards & Achievements

As one of the greatest quarterbacks, Steve has managed to make a huge impact on the sport.

Not only is he a great ambassador for the game, but he takes his role as a mentor or role model for future star players seriously.

Here are some of the more memorable moments from Steve Young’s career:

  • Steve received the Most Valuable Player in the NFL in both 1992 and 1994.
  • He was ranked number 63 on the 100 Greatest Football Players list by The Sporting News in 1999.
  • Steve was inducted into the Pro Football Hall of Fame in 2005.
  • Steve’s number 8 jersey was retired during a halftime ceremony while playing against New England, making him the 11th player in history to earn this honor.
  • In 2001, Steve was inducted into the College Football Hall of Fame.

Steve dramatically ended his career due to his concussion, but luckily there were no lasting effects.

He went on to found a highly successful investment company that puts together multi-million-dollar software deals with some of the biggest companies in the world.

 

How Does Steve Young Spend His Money?

Steve is known for his work as a philanthropist, being the founder of a non-profit organization called Forever Young Foundation. It helps support children with difficulties in various forms such as financial issues, physical problems, and emotional trauma. 

Forever Young Zones and 8 to 80 Zones are two development initiatives offering cutting-edge interactive play spaces in children’s hospitals as well as technology and multimedia laboratories for residents of marginalized regions. 

Building and expanding schools in Africa is one of the foundation’s worldwide goals, as well as improving the educational, athletic, and health prospects for African children. 

Steve lives in a Palo Alto neighborhood that is popular for housing multiple billionaires from all over the world.

He spends a huge amount of time on the golf course in Scottsdale, Arizona, catching up with friends, doing business and keeping in contact with his father and brothers. It’s where deals are done, charity events are arranged and where he gets to relax and spend time in the open air.

Steve does not live an ostentatious life and focuses on bringing his family up in a hardworking, traditional way. You won’t find him wasting money on the most expensive cars in the world, preferring to lead a more normal lifestyle.

He believes that if you have children, driving a van is the logical choice. It has all the space for kids to spread out with their school books and sports kit, as well as having enough cup holders to keep control of everyone’s cooldrink safe when on the move.

Despite his wealth, Steve drives himself around, preferring to keep a low profile and live an ordinary life.

 

Highlights 

Steve was a light-footed player with an insanely accurate throw. This earned him the reputation for being the most accurate thrower in history and was in large part the key to his footballing success.

He has the record for most consecutive seasons, leading the league, passing from 1991 to 1994, and being left-handed makes it even more impressive. To top it all, he earned his law degree over 6 years at Brigham Young University while playing NFL football. 

Here are some of the best highlights of Steve Young’s career: 

  • One of Steve’s most memorable years was in 1978 while playing for the Cardinals.
  • Steve set the record in 1994 for 112.4 passing evaluations for the season.
  • In 2016, Steve was positioned fifth in the all-time in passer rating as well as the second most memorable re-signed player.
  • In 1994, Young helped lead the 49ers to victory over the San Diego Chargers in the Super Bowl.
  • Steve was able to run the ball multiple times for 1928 yards in 1979.
  • Steve was awarded the Most Touchdown Passes during the 1998 season.

While Steve is no longer on the field, he is still involved in football as a commentator.

This also helps his business interests, by being the well-known face that everyone knows and trusts.

 

Favorite Steve Young Quotes

Steve Young was brought up to respect hard work and to know that success was what you made of it.

Throughout his career, Steve Young has tried to improve and beat his previous best in order to stay ahead of the game.

Here are our favorite quotes from Steve Young:

  • “My biggest problem when I was younger was trying to balance my ability with what the team needed me to do to officially run the offense.” – Steve Young
  • “It’s hard to explain anxiety to those who don’t experience it.” – Steve Young
  • “You can be an astronaut, knowing it can be super dangerous, but understand intuitively what the risk issues are.” – Steve Young
  • “For me, football is a quest. Quests entail overcoming hardship, trials of adversity in the pursuit of true joy.” – Steve Young
  • “Perception is reality.” – Steve Young

 

3 Amazing Lessons From Steve Young

Steve Young is not a typical jock who only has one thing going for him.

He is a highly successful businessman who was able to transition from playing football to investing millions of dollars of other people’s money in successful projects.

Now that you know all about Steve Young’s net worth, here are some of the best success lessons to learn from Steve Young:

 

1. Your Perception Of Your Life Is Your Reality

There may be times when you look at how far you’ve come and can’t help but feel like you failed. But Steve believes that you may see failure, but many others can see success. All that matters is where you are standing on the ladder to success.

 

2. Don’t Let Obstacles Get In The Way Of Your Dreams

Mental issues can hold you back from achieving your goals, but only if you let them. Steve has revealed his battle with anxiety, hoping to be able to get those who are suffering the same problems to know that they are not alone.

 

3. Always Be Aware Of The Dangers In Any Line Of Work

There will always be dangers in any form of work and not only in a physical sort of way. Being aware of what you are about to face can help you be more vigilant as well as help you avoid those dangers in the future.

 

 Summary 

Steve Young is an NFL player who has become a highly influential figure in the league and continues to be an inspiration for future quarterbacks.

Steve never gave up on his dreams and did everything he could to improve his football abilities when they weren’t up to standard.

With his natural sporting talent and financial abilities, Young made his way to the big leagues and, in the process, became a legend on the football field and in the boardroom.

As of December 2022, Steve Young’s net worth is estimated to be $200 Million.

What do you think about Steve Young’s net worth? Leave a comment below.

John Mulder
John Mulderhttps://360tsd.com/
John is a professional accountant with a passion for writing. When not helping clients identify tax and financial opportunities, you can find him writing, sailing offshore, or flying a plane. He’s worked and partied with the rich and famous from around the world, getting an inside look at the secretive lifestyles of high-net-worth celebrities.

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