Jim Thorpe Net Worth
Jim Thorpe has an estimated net worth of $10 million at his death, after adjusting for inflation. Native American Jim Thorpe won the pentathlon and decathlon at the 1912 Olympics but was stripped of his gold medals for violating amateur eligibility rules. He earned most of his income from his career as a baseball player.
Jim Thorpe, an All-American football player at Carlisle Indian School, won the pentathlon and decathlon at the 1912 Olympics before having his gold medals revoked on a technicality. Thorpe was a professional baseball and football player who later pursued an acting career after retiring from sports.
To calculate the net worth of Jim Thorpe, 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:
|Net Worth:||$10 Million|
|Monthly Salary:||$100 Thousand|
|Annual Income:||$2 Million|
|Source of Wealth:||Baseball player, American football player, actor|
Early Years and Schools
Jim Thorpe was born around May 28, 1887, near Prague, Oklahoma. He was born to Sac and Fox and Potawatomi Indian ancestors, as well as French and Irish ancestors, and was given the name Wa-Tho-Huk, which means “Bright Path,” but was christened Jacobus Franciscus Thorpe.
Thorpe learned to hunt and trap prey at a young age, honing his legendary endurance through long treks through Indian Territory. His aversion to school was exacerbated by the deaths of his twin brother and both parents when he was young, and his attendance at the Haskell Institute in Kansas, the local Garden Grove school, and the Carlisle Indian Industrial School in Pennsylvania were marked by long periods of truancy.
Thorpe attended a track-and-field practice session on campus as a Carlisle student in the spring of 1907. Coach Pop Warner was impressed when he launched himself over a 5’9″ high bar while dressed in his work clothes. Thorpe quickly rose to prominence in the track and field program, and he also excelled in baseball, hockey, lacrosse, and ballroom dancing.
Football, however, propelled Thorpe to national prominence. Thorpe, who played halfback, place kicker, punter, and defender, led his team to a surprise victory over top-ranked Harvard in November 1911, and fueled a rout of West Point the following year. Carlisle went 23-2-1 from 1911 to 1912, with Thorpe earning All-American honors both times.
Olympic Glory and Downfall
Thorpe was named to the US Olympic team for the 1912 Olympic Games in Stockholm, Sweden, and won gold in the pentathlon by winning four of five events. He dominated the field in the decathlon a week later, despite competing in mismatched shoes, winning the high jump, 110-meter hurdles, and 1,500 meters.
Thorpe was crowned the greatest athlete in the world by Sweden’s King Gustaf V after finishing the three-day event with a total of 8,412.95 points (out of a possible 10,000), nearly 700 points ahead of the runner-up.
Thorpe was honored with a ticker-tape parade in New York City as part of his hero’s welcome home. However, a newspaper report the following January revealed that the Olympic champion had been paid to play minor league baseball in 1909 and 1910.
Thorpe’s amateur eligibility was revoked despite his handwritten appeal to the Amateur Athletic Union, and he was forced to return his gold medals, his historic performance being omitted from the Olympic record books.
Professional Sports Career
Thorpe married his college sweetheart, Iva Miller, in 1913, and signed with the New York Giants to play professional baseball. Thorpe batted just.252 over a six-year big-league career with the Giants, Cincinnati Reds, and Boston Braves, despite an impressive.327 average in his final year.
Thorpe had a much greater impact in the early stages of professional football. In 1915, he signed with the Canton Bulldogs for $250 per game, justifying the fee by drawing large crowds and leading the team to league championships in 1916, 1917, and 1919. Thorpe served as league president for a season in 1920, when the Bulldogs were one of 14 clubs that comprised the American Professional Football Association, soon to be renamed the National Football League.
Thorpe coached and played for the Oorang Indians, an all-Native American team, from 1922 to 1923. The team’s games were sponsored by Walter Lingo, owner of the Oorang Dog Kennels in LaRue, Ohio, and featured players performing “war dances” and other rituals to entertain audiences. Thorpe went on to play for the Cleveland Indians, Rock Island Independents, New York Giants, and Chicago Cardinals in the National Football League until 1928.
Post-Athletic Career and Death
Thorpe faced increasing difficulties after his athletic career ended, having already divorced and remarried to a former Oorang Kennels employee named Freeda Kirkpatrick. He sought a career in Hollywood, and while he was credited with appearing in more than 60 films from 1931 to 1950, he mostly played stereotypical American Indians in bit roles. He worked odd jobs to support his seven children from two marriages, and his growing drinking problem led to a second divorce in 1941.
Despite his difficulties, Thorpe found meaning in fighting for his people. He established a casting company to compel Hollywood studios to cast authentic Native Americans in roles, and he attempted to obtain original Sac and Fox land holdings from the federal government. He married Patricia Gladys Askew for the third and final time in 1945, surviving on public speaking fees.
Thorpe achieved some public redemption in his final years. In 1950, the Associated Press named him the greatest athlete of the first half of the twentieth century, and the following year, Burt Lancaster portrayed him in the film Jim Thorpe – All-American. On March 28, 1953, he died of a heart attack in his trailer home in Lomita, California, and his body was moved to an eastern Pennsylvania community that renamed itself Jim Thorpe in exchange for housing his remains.
Legacy and Burial Controversy
Thorpe was inducted into the Pro Football Hall of Fame in 1963, and his name was restored to the Olympic record books as a co-winner of the 1912 track events in 1982. In a poll conducted by ABC Sports in 2000, he was voted the greatest athlete of the previous century, and he finished third in another poll conducted by the Associated Press.
Thorpe’s son Jack filed a federal lawsuit in 2010 to return his father’s remains to Oklahoma. A trial court judge initially ruled in favor of the family, but a federal appeals court overturned that decision in 2014. The United States Supreme Court declined to hear another appeal the following year, keeping Jim Thorpe, Pennsylvania, as the athlete’s final resting place.
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