Fred Smoot, a former NFL cornerback, has made a name for himself not only in football but also in the world of business. From being a standout player at Mississippi State University to signing multi-million-dollar contracts with the Washington Redskins, Smoot’s financial journey is fascinating.
In this article, Andomoney dives deep into Fred Smoot net worth, exploring his NFL career and business ventures. Let’s take a closer look at his rise to success.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Fredrick Smoot |
| Popular Name | Fred Smoot |
| Gender | Male |
| Birth Date | April 17, 1979 |
| Age | 45 (as of 2024) |
| Parents | N/A |
| Siblings | Matthew Taylor |
| Birthplace | Jackson, Mississippi |
| Nationality | American |
| Ethnicity | African-American |
| Education | Provine High School, Hinds Community College, Mississippi State University |
| Marital Status | N/A |
| Spouse | N/A |
| Children | N/A |
| Dating | N/A |
| Net Worth | $12 million (2024) |
| Source of Wealth | NFL career, Business ventures |
| Height | 5 ft 11 in (1.80 m) |
What is the Net Worth of Fred Smoot in 2024?
Fred Smoot’s net worth is estimated at $12 million in 2024. Compared to many of his NFL counterparts, Smoot’s fortune is notable, given his relatively short NFL career and his ventures into business after football.
While he’s certainly not among the top 1% of NFL wealth holders, he has built a solid financial base through smart investments and business ventures like his Waffle House franchise and the SMACK Energy Bar.
Here are some notable figures in the same financial space:
- Washington Redskins
- Minnesota Vikings
- SMACK Energy Bar
- Waffle House
- Champ Bailey
- Cedric Griffin
- Ronyell Whitaker
- Mississippi State Bulldogs
- Hinds Community College
- NFL
Want to know more about NFL stars who have built their wealth? Check out this detailed list of players with impressive financial portfolios richest NFL stars.
Fred Smoot Salary and Finance Overview
Early Life and College Football Success
Fred Smoot’s journey to the NFL began in Jackson, Mississippi, where he first showed promise on the football field. Attending Provine High School, Smoot gained early recognition, later moving on to Mississippi State University, where he was a standout player.
During his college years, he earned first-team All-SEC honors in both 1999 and 2000 and was named a consensus All-American in 2000.
His performance on the field quickly caught the attention of NFL scouts.
NFL Draft and Professional Football Career
Smoot was drafted by the Washington Redskins in the second round of the 2001 NFL Draft. While many expected him to go in the first round, some off-field issues led to his slip in draft position.
Nonetheless, Smoot saw this as an opportunity and famously called himself the “steal of the draft.” His career began strong, and he formed a powerful defensive partnership with Champ Bailey during his first four years with the Redskins.
He later signed a deal with the Minnesota Vikings but eventually returned to Washington.
Contracts and Financial Contributions from NFL Career
Smoot’s financial success can be traced back to his contracts with the Redskins and Vikings. His most notable contract came in 2007, when he signed a five-year, $25 million deal with the Redskins.
Though his time with the Vikings wasn’t as fruitful, Smoot continued to build his wealth through these NFL contracts, earning millions during his playing career.
His career stats are impressive, boasting 450 tackles and 21 interceptions over 129 games. These achievements contributed to both his on-field reputation and off-field financial gains.
Business Ventures and Post-NFL Career
After retiring from football, Smoot ventured into business. His Waffle House franchise and SMACK Energy Bar became key components of his financial portfolio.
These ventures have helped Smoot diversify his income streams, ensuring financial stability even after his NFL career ended.
His advocacy for physical education also shows a commitment to giving back, which enhances his personal brand and public image.
Legal Challenges and Financial Impact
Smoot faced legal challenges during his time in the NFL, most notably his involvement in the infamous Minnesota Vikings boat cruise scandal. Though this incident resulted in fines and damage to his reputation, Smoot managed to rebuild his career and finances afterward.
The scandal resulted in an $82,352 fine and community service. Additionally, a one-car crash in 2006 ended his season early, but Smoot continued to recover financially and professionally.
His Influence and Legacy in Football
Despite some setbacks, Fred Smoot’s legacy in football remains strong. His impact on teams like the Redskins and Vikings, combined with his post-NFL ventures, ensures that he stays relevant in sports and business circles.
His work with physical education programs and his continued presence in the football world make him a figure that fans and aspiring players continue to look up to.
FAQs About Fred Smoot
Where did Fred Smoot play college football?
He played for the Mississippi State Bulldogs from 1999 to 2000. He earned first-team All-SEC honors and was a consensus All-American during his time there.
Which NFL teams did Fred Smoot play for?
He played for the Washington Redskins and the Minnesota Vikings during his NFL career.
What position did Fred Smoot play in the NFL?
He was a cornerback in the NFL, known for his strong defensive play.
What were Fred Smoot’s career achievements?
He accumulated 450 tackles, 21 interceptions, and 5 forced fumbles during his NFL career.
What business ventures is he involved in?
He is involved in businesses like the Waffle House franchise and the SMACK Energy Bar, which contribute to his post-NFL income.
Conclusion
I hope you enjoyed this in-depth look into Fred Smoot’s financial journey. If you want to know more or share your thoughts, leave a comment and check out more content on andomoney.com.
