Have you ever wondered what Lamar Jackson’s net worth is?
He has earned this fortune through his successful NFL career and lucrative endorsement deals with brands like Nike, Bose, New Era, and Microsoft.
He is the face of the Ravens franchise and one of the NFL’s most marketable players. His endorsement deals have made him millions, with Nike reportedly giving him a four-year contract for $20 million plus royalties.
As of May 2023, Lamar Jackson’s net worth is $10 million.
This article will dive into Lamar Jackson’s net worth and explore how he amassed such a large fortune. We’ll also look at his salary, contracts, endorsement deals, and some of his investments and philanthropic efforts.
Table of Contents
Lamar Demeatrice Jackson Jr. was born in Pompano Beach, Florida, on the 7th of January 1997. His mother, Felicia Jones, and his father, Lamar Jackson Sr., exposed him to football at an early age.
Growing up, Jackson played Pop Warner football with fellow NFL players, including current Arizona Cardinals wide receiver Marquise “Hollywood” Brown.
High School Career
He attended Boynton Beach High School and was a starting quarterback for three consecutive years. He was selected as the Gatorade National Football Player of the Year in 2013 and named an All-American by Parade magazine.
He played college football for the Louisville Cardinals and had a record-breaking career. In 2016, he became the youngest-ever Heisman Trophy winner and finished his college career with 9,043 total yards and 69 touchdowns.
Lamar Jackson declared for the 2018 NFL Draft and was selected by the Baltimore Ravens as the 32nd overall pick. He made his debut in 2018 as a backup quarterback to Joe Flacco but quickly gained recognition for his impressive performances on the field.
Despite winning the Heisman Trophy and having a historic college career, Jackson was overlooked by many teams in the 2018 NFL Draft due to concerns about his talent beyond his ability to run the football.
He also famously represented himself as his agent, a move that drew criticism from many sports followers.
Jackson has proven all of his doubters wrong with his impressive on-field performance.
He has become a dynamic playmaker for the Ravens with both his legs and arm and is one of the most exciting players in the NFL today.
He possesses incredible arm strength, a strong pocket presence, and an uncanny ability to make the big play.
Baltimore Ravens Career
In 2019, after beating out incumbent Joe Flacco, Jackson was named the Ravens’ starting quarterback and didn’t disappoint.
He won the NFL MVP award that year after leading Baltimore to a 14-2 record and a playoff berth. He also became the youngest NFL quarterback to start in a playoff game at just twenty-one.
Jackson continued his success in 2020, setting a single-season record for rushing yards by a quarterback (beating Michael Vick) and earning his second consecutive Pro Bowl selection.
He led the Ravens to a playoff berth and was named an All-Pro for the first time.
In the 2022 off-season, in pursuit of more guaranteed money, Lamar Jackson declined a contract extension offer from the Baltimore Ravens that would have made him one of the highest-paid quarterbacks in the National Football League.
Contracts and Salary
Lamar Jackson signed a four-year rookie contract with the Ravens in 2018, which was worth $9.47 million fully guaranteed and included an average annual salary of $2.37 million.
He is currently playing in the fourth year of his rookie deal with an average annual salary of $3.25 million, but he is expected to get a pay raise soon.
In 2021, the Ravens exercised their fifth-year option on Jackson’s contract, which means he will be under contract with the team through the 2022 season.
Lamar Jackson has numerous endorsement deals with major brands such as Nike, Bose, New Era, and Microsoft.
He has appeared in several commercials for these companies and collaborated with them on unique products such as shoes and headphones.
Aside from endorsements, Jackson also owns an apparel line called LJ7 which features a collection of hoodies, t-shirts, and hats.
Lamar Jackson Net Worth 2023
As of May 2023, Lamar Jackson’s net worth is $10 million. This includes his salary, contracts, endorsement deals, and investments.
Lamar Jackson is currently in a relationship with Jamie Taylor, his girlfriend, since 2017. The couple shares a daughter, Milan.
Outside of football, Jackson is an active philanthropist and regularly supports numerous charities and organizations. He has donated time and money to causes such as Education-Based Athletics, the Clara White Mission, and the Special Olympics.
In 2021, he launched his charity organization, “LJ7 Gives Back,” which seeks to provide resources to underprivileged children and families in Baltimore.
In 2021, Jackson purchased a $2.6 million home in Lutherville-Timonium, Maryland. The property sits on nearly three acres of land and features six bedrooms, eight bathrooms, an outdoor pool, and even its putting green.
This is the latest addition to Jackson’s extensive real estate portfolio, including Arizona and California properties. He also owns a $1 million property in Owings Mills, Maryland.
Lamar Jackson is one of the most exciting players in today’s NFL. He has already succeeded with the Ravens, winning an MVP award and leading them to a playoff berth.
At only 25 years old, Lamar Jackson is just getting started and will continue to be one of the faces of the NFL for years to come. He has already achieved tremendous success on and off the field, and there’s no telling what he can accomplish in his career.