Brett Favre Net Worth 2022 (Forbes) – Salary, Income, Earnings

Brett Favre Net Worth 

Brett Favre has an estimated net worth of $100 million. Former NFL quarterback Brett Favre led the Green Bay Packers to victory in Super Bowl XXXI, and retired as the all-time leader in passing yards and touchdowns. He earns most of his income from his career as an American football player and actor. 

NFL quarterback Brett Favre attended the University of Southern Mississippi before being drafted by the Atlanta Falcons in the 1991 NFL draft. The following year, after being traded to the Green Bay Packers, Favre led the team to victory in Super Bowl XXXI. He was also named MVP of the league three years in a row. After brief stints with the New York Jets and Minnesota Vikings, Favre announced his retirement from football following the 2010 season.

To calculate the net worth of Brett Favre, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Brett Favre
Net Worth: $20 Million
Monthly Salary: $300 Thousand
Annual Income: $5 Million
Source of Wealth: American football player, Athlete, Actor

Early Years

Brett Lorenzo Favre was born on October 10, 1969, in Gulfport, Mississippi. Favre, the second of four children, grew up in bayou country, hunting and fishing with his three brothers.

Favre, like his siblings, demonstrated a love and talent for baseball and football in school. Favre appeared to be a better baseball player at first, as he earned a spot in the starting rotation for Hancock North Central in the eighth grade.

But, as the son of a tough-talking football coach, Favre exhibited talent in his other sport as well. Favre, who was coached by his father in high school, was a big and strong quarterback at Hancock North Central. However, his talent went unnoticed by college scouts. When it came time to choose a college, Favre chose the University of Southern Mississippi, primarily because it was the only school that offered him a scholarship.

As a college player, Favre possessed a toughness that his teammates admired, as well as a penchant for late-game heroics. He also set several school records, and the Atlanta Falcons selected him with the 33rd overall pick in the 1991 NFL draft.

NFL Career

As a rookie, Favre played only a few snaps for the Falcons. Throughout the season, the franchise was divided about Favre’s future, so when the Green Bay Packers offered the club a first-round pick in exchange for the backup quarterback, the team accepted.

Green Bay Packers

Favre went on to have an incredible career with the Packers, transforming the struggling but once-proud team into a perennial winner while establishing himself as one of the game’s best quarterbacks. Favre led the team to two Super Bowls, winning one, and became the first NFL player to win three consecutive MVP awards in his 16 seasons with the team.

Furthermore, from September 20, 1992, to January 20, 2008, Favre started every single Packer game. Overall, Favre’s ironman streak would be 297 games long, an NFL record.

New York Jets

The Packers traded Favre to the New York Jets in 2008, after he had considered retiring. While his 2008 season with the Jets began well, the team lost four of their final five games, including their season finale against the Miami Dolphins, and missed the playoffs.

Minnesota Vikings and Retirement

Favre was released from his contract with the Jets in April 2009, allowing him to sign with the Minnesota Vikings. The resurrected veteran surpassed 4,000 yards passing and threw 33 touchdowns to just seven interceptions while leading the Vikings to a 12-4 record and a spot in the NFC Championship Game. He was named to his 11th Pro Bowl at the end of the season.

In 2010, Favre returned to Minnesota for what would be a disappointing season for both the quarterback and the team. He announced his retirement in January 2011, having set NFL records for passing yards (71,838) and touchdowns (508), and returned to a quiet life in Mississippi.

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Substance Abuse

Favre developed a dependency on painkillers early in his NFL career in order to recover from on-field injuries. A month in rehab wasn’t enough to break the habit, and the quarterback began taking up to 15 Vicodin pills per day while putting up MVP numbers.

Following a seizure that may have been caused by his Vicodin use, Favre announced in May 1996 that he was entering the NFL’s substance-abuse program. He overcame his painkiller addiction — the Packers won the Super Bowl after he returned — but he struggled with his drinking, which led to another stint in rehab in 1998.

After the NFL

Favre accepted a position as an assistant football coach at Oak Grove High School in Hattiesburg, Mississippi, in 2012. The St. Louis Rams approached him about returning to the NFL the following October, but he declined. Around this time, Favre admitted to the media that he was suffering from some memory loss, which he attributed in part to the numerous injuries he sustained during his pro football career.

Favre, one of the greatest players in Green Bay’s illustrious history, was honored by his former team in 2015 with induction into the Packers Hall of Fame and a number retirement ceremony. He was inducted into the NFL Hall of Fame the following year.

Favre joined the board of directors of Sqor, a burgeoning social network aimed at connecting athletes with fans, in 2013. An investor sued the former football great and his partners for more than $16 million in late January 2018, claiming that Sqor had misrepresented its social reach and projected income.

In May 2020, it was revealed that the Mississippi Department of Human Services had misappropriated nearly $100 million in welfare funds, with $1.1 million of that money going to Favre for a series of speaking engagements that never happened.

Favre, who insisted he had no idea where the money came from or that he had broken any contracts, promised to repay the entire $1.1 million.

Further Reading

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