Introduction
Professional athletes are known to amass wealth for their athletic abilities. However, not all of them are able to maintain their finances after retirement. But there are a few exceptions to this pattern, and Fletcher Cox is one of them. He has managed to sustain his wealth while being in the spotlight of the media. In this blog post, we take a closer look at his net worth, how he achieved it, and what we can learn from his financial success.
Background
Fletcher Cox was born on December 13, 1990, in Mississippi. He played football in high school and then at Mississippi State University. In the 2012 NFL Draft, he was selected by the Philadelphia Eagles as the 12th overall pick. He has since then been an essential component of the team’s defense. He has been selected to the Pro Bowl five times and was named first-team All-Pro in 2018, cementing his position as one of the NFL’s elite defenders.
Contracts and Endorsements
Fletcher Cox signed a six-year deal worth $102.6 million with the Philadelphia Eagles in 2016. This made him one of the highest-paid defensive tackles in the league. According to Spotrac, his career earnings from 2012 to 2021 total just over $122 million. He has also signed endorsement deals with well-known brands such as Nike, Gatorade, and Beats by Dre. These deals have added a significant amount to his overall net worth.
Real Estate
Fletcher Cox’s net worth is not limited to his earnings from the NFL and endorsements. He is a savvy real estate investor and owns several properties. In 2017, he purchased a 10,000-square-foot mansion in New Jersey for $2.2 million. He also owns several properties in his hometown of Yazoo City, Mississippi, including a 24-acre ranch for $1.7 million.
Business Ventures
In addition to his real estate investments, Fletcher Cox has ventured into entrepreneurship. He and his business partner, Rashad Gibson, founded the company “The Gents Place” in 2017. The business offers premium grooming services to men, including haircuts, shaves, facials, and massages. The company has multiple locations throughout the US, and Cox serves as its brand ambassador.
Charity Work
Fletcher Cox is known for his philanthropic efforts, donating to various organizations focused on providing food and aid to those in need. His foundation, the Fletcher Cox Charitable Fund, raises funds to support nonprofits that aid underprivileged children and their families.
Investments
Beyond real estate and business ventures, Fletcher Cox has invested in diverse companies, including Amazon, Google, and well-known investment firms. His investment strategy involves seeking returns from a broad market portfolio of companies and ETFs.
Financial Planning
Fletcher Cox has stressed the importance of financial planning, saying that he learned from the mistakes of other athletes who lost their fortunes after their playing career ended. He has hired professionals to manage his assets, including his financial planner and an investment firm. This has ensured a diversified portfolio and sound financial management.
Conclusion
Fletcher Cox’s net worth is the result of his hard work, talent, and smart investment and business decisions. His story is an inspiration to young athletes to plan for their financial future beyond their playing career.
FAQs
1. How much is Fletcher Cox’s net worth?
Fletcher Cox’s net worth is estimated to be around $30 million.
2. What is “The Gents Place” company?
“The Gents Place” is a premium grooming service for men providing haircuts, shaves, facials, and massages.
3. What is Fletcher Cox Charitable Fund?
Fletcher Cox Charitable Fund is a foundation that supports nonprofits that aid underprivileged children and their families.
4. Where is Fletcher Cox from?
Fletcher Cox is from Yazoo City, Mississippi.
5. What is Fletcher Cox’s investment strategy?
Fletcher Cox invests in a diverse portfolio of companies and ETFs.