When discussing the financial journey of former NFL stars, Bob Whitfield net worth stands out as an interesting topic.
From his lucrative contracts during his NFL career to his business ventures, his story highlights a path to wealth that’s both impressive and complex.
As we explore Bob’s journey, we’ll dive deep into his earnings, contracts, and the financial implications of his career decisions, brought to you by Andomoney.
Quick Facts
| FACT | DETAIL |
|---|---|
| Full Name | Bob Lectress Whitfield III |
| Popular Name | Bob Whitfield |
| Gender | Male |
| Birth Date | October 18, 1971 |
| Age | 52 |
| Parents | N/A |
| Siblings | N/A |
| Birthplace | Carson, California, USA |
| Nationality | American |
| Ethnicity | N/A |
| Education | Banning High School, Stanford University |
| Marital Status | Divorced |
| Spouse | Shereé Whitfield (Divorced) |
| Children | Two (Kairo Whitfield, Kodi Whitfield, Kaleigh Whitfield) |
| Dating | N/A |
| Net Worth | $1 Million (as of 2024) |
| Source of Wealth | NFL Career, Business Ventures |
| Height | 6 ft 5 (1.96 m) |
What is the Net Worth of Bob Whitfield in 2024?
As of 2024, Bob Whitfield’s net worth is estimated at $1 million. Compared to other influential names associated with the NFL and business ventures, this amount is modest.
Some related figures and entities include:
- Shereé Whitfield
- Atlanta Falcons
- PatchWerk Studios
- New York Giants
- Stanford University
- Ludacris
- OutKast
- Young Jeezy
- Pro Bowler (NFL peer group)
- Jacksonville Jaguars
For a broader comparison with some of the wealthiest football players, check out our list of the top NFL players and their net worth here.
Salary and Finance Overview
How He Built His Wealth Throughout His NFL Career
Bob Whitfield’s financial journey began when he was drafted 8th overall by the Atlanta Falcons in the 1992 NFL Draft.
With the team for over a decade (1992–2003), he played a significant role in their success, even helping them to reach Super Bowl XXXIII.
His standout career as an offensive tackle saw him play for the Jacksonville Jaguars in 2004 and the New York Giants from 2005 to 2006 before retiring in 2007.
His NFL salary over these years formed the bulk of his wealth, and his performance earned him a Pro Bowl selection in 1999, marking him as one of the top players in his position.
Key Contracts and Earnings That Contributed to His Wealth
A major turning point in Bob’s financial life was the $30 million contract he signed with the Atlanta Falcons in December 2000. This deal included an $8 million signing bonus and was meant to keep him on the team through 2007.
However, in 2002, he agreed to restructure the contract, lowering his base salary from $2.3 million to $750,000 to create cap space for the Falcons.
By the end of the 2003 season, Whitfield had earned around $16 million of the contract, including bonuses. Despite the restructuring, his NFL career contributed significantly to his current financial status.
Financial Impacts of Personal Life and Divorce
Bob Whitfield’s marriage and subsequent divorce from Shereé Whitfield in 2008 also played a key role in his finances.
During their marriage, the couple had two children, and Bob was ordered to pay child support. Although he managed these payments, disputes arose about missed payments over a period of 38 months.
The courts ordered him to pay a lump sum of $75,000 to cover the missed child support, along with adjusted payments thereafter.
The financial implications of the divorce, along with shared assets like the Atlanta mansion that faced foreclosure, added complexities to his financial portfolio.
Contributions of PatchWerk Recording Studios to His Wealth
Beyond the gridiron, Bob Whitfield ventured into the music industry by founding PatchWerk Recording Studios in Atlanta in 1993.
The studio quickly became a hotspot for recording, hosting artists such as OutKast, Ludacris, and Young Jeezy.
The studio’s success brought in substantial income, charging around $200 per hour and recording over 600 gold and platinum albums.
This not only diversified his revenue stream but also ensured he had a steady income during and after his NFL career.
Eventually, Bob divested from the recording studio in 2009 to shift his focus to other media ventures, but PatchWerk was crucial to his wealth-building years.
Financial Challenges and Setbacks After NFL Retirement
After retiring from the NFL, Whitfield faced some financial challenges. The most significant included the aforementioned child support disputes, reduced income, and difficulties in managing assets like real estate.
Nevertheless, Bob managed to find ways to stabilize his finances through business ventures, media appearances, and continued involvement in the sports world.
His retirement meant a transition from an active NFL salary to leveraging his business skills and public profile for ongoing opportunities.
Achievements Beyond Wealth: Education and Personal Milestones
While his wealth has been a focal point, Bob’s personal achievements are also noteworthy. He returned to Stanford University to complete his Economics degree in 2012, marking a significant personal milestone.
Additionally, his induction into the Stanford Sports Hall of Fame in 2011 highlights his continued influence in the sports community.
These achievements not only contribute to his legacy but also add to his stature as an individual who values both his career and education.
Business Ventures and Media Appearances Post-NFL
After retiring, Bob Whitfield continued to expand his presence in the business world. Serving as the CEO of Patchwerks, Inc., he diversified into multi-media production.
His appearances on UK’s NFL Coverage on Sky Sports and local Atlanta media further amplified his profile and added to his sources of income.
Even after leaving the NFL, Whitfield remained active in various ventures, which helped sustain his finances beyond his football career.
FAQs About Bob Whitfield
What Teams Did He Play for in the NFL?
Bob Whitfield played for the Atlanta Falcons, Jacksonville Jaguars, and New York Giants during his career.
Why Did He Retire from the NFL?
He announced his retirement in 2007 after completing the 2006 season with the New York Giants, transitioning to pursue other interests.
What Was the Impact of His Divorce on His Finances?
The divorce from Shereé Whitfield had significant financial implications, including child support disputes and the foreclosure of a shared property.
How Did PatchWerk Recording Studios Influence His Finances?
PatchWerk Studios was a key contributor to his wealth, recording over 600 gold and platinum albums and hosting major artists in the music industry.
What Awards Did He Achieve in His NFL Career?
Bob Whitfield was selected for the Pro Bowl in 1999 and was part of the team that reached Super Bowl XXXIII.
What Degree Did He Earn After His NFL Career?
In 2012, he earned a degree in Economics from Stanford University, returning to complete his education after retiring.
How Many Games Did He Play in the NFL?
Bob Whitfield played in 220 games and started in 176 of them over his NFL career.
Did He Experience Financial Difficulties Post-Retirement?
Yes, he faced financial difficulties including child support issues, legal disputes, and managing reduced income after retirement.
What Other Business Ventures Is He Involved In?
Bob Whitfield remains active as the CEO of Patchwerks, Inc., focusing on media production and other ventures post-NFL.
Conclusion
I hope this detailed look at Bob Whitfield’s financial journey provided valuable insights. If you enjoyed this content, share your thoughts below or explore more on andomoney.com.
