Lamar Jackson Net Worth: How Rich Is the “Youngest NFL Quarterback”?

Lamar Jackson Net Worth: Lamar Demeatrice Jackson Jr. is an American football quarterback with the National Football League’s Baltimore Ravens (NFL).

He was drafted by the Ravens as the final first-round pick in the 2018 NFL Draft after playing college football at Louisville and winning the Heisman Trophy his second year.

After an injury to incumbent Joe Flacco, Jackson took over as the Ravens’ starting quarterback in his first season and led the team to a division title, becoming the NFL’s youngest quarterback to start a playoff game at the age of 21.

In this article, we will explore the net worth of Lamar Jackson.

Early Life of Lamar Jackson

Lamar Jackson was born on January 7, 1997, to Felicia Jones and Lamar Jackson Sr. He grew up in the heart of Pompano Beach, Florida, in an economically depressed neighborhood.

Jackson was eight years old when his father and grandmother both died of heart attacks on the same day. He and his siblings were raised by their mother.

He went to public schools and played Pop Warner football in Florida with Marquise Brown, who is now a wide receiver for the Baltimore Ravens. Jackson was eight years old when he could throw a football 20 yards. In high school, Jackson could throw a football 100 yards.

Lamar Jackson’s Career

Jackson was a four-star recruit out of high school, and many predicted big things for him. He picked Louisville University, where he could immediately begin playing.

Jackson never wore a red jersey and started eight games for Louisville in 2015. We had a roller-coaster season. Jackson threw 12 touchdowns and 8 interceptions, but he showed early promise. The Cardinals’ Jackson ran for 960 yards.

Jackson and Louisville beat Texas A&M in the Music City Bowl in 2015. There, Jackson became a player to watch.

He began as a quarterback and scored twice. He also scored two rushing touchdowns, one of 61 yards. Jackson rushed for 226 yards in the 27-21 triumph, giving him the game’s MVP.

Lamar Jackson Net Worth

When given the opportunity to start again in 2016, Jackson was unstoppable. Jackson developed as a passer as well as a runner as Louisville began 9-1. After 10 games, Jackson had 27 touchdown throws and just 6 interceptions.

The Cardinals and Jackson, on the other side, failed late with three interceptions against Kentucky and a 29-9 loss to Louisiana State in the Citrus Bowl.

Regardless, Jackson’s whole season was legendary. He ran for 1,571 yards and 21 running touchdowns and threw for 30. His amazing season earned him the 2016 Heisman Trophy.

Jackson surpassed several of his Heisman-winning accomplishments in his junior season, including passing and running yards.

Before the bowl season, Jackson had 25 touchdown throws and six interceptions (ultimately losing to Baker Mayfield). In the TaxSlayer Bowl, Louisville will face Mississippi State. But Jackson, who had four interceptions, beat them 31-27.

Lamar Jackson’s Net Worth

Lamar Jackson’s net worth is estimated to be around $4 million. Spotrac reports that his four-year contract is worth $9.7 million, including a 4.9 million dollar signing bonus and 7.5 million dollars guaranteed, with an average salary of 2.3 million dollars.

According to Spotrac, his annual income in 2023 is predicted to be over $32.7 million. Jackson is also well-known for his charitable work. In 2018, he raised $29,000 for charity, which he split between Blessings in Backpacks and Mission for Hope.

He also has his own apparel business, Era 8 Apparel, which ships all over the world. He purchased a 1.3 million home in Owings Mills, Maryland, in 2018, with up to eight bedrooms. He is said to have paid $900,000 in cash for the property.

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The Source of Lamar Jackson’s Wealth

While his four-year rookie contract with the Baltimore Ravens is his primary source of money, Lamar’s new endorsement agreement and clothing brand have added to his fortune. Let’s get into all of the details around his fortune amassing:

NFL Salary 

Lamar signed a four-year rookie contract worth $9.47 million with the Baltimore Ravens in 2018, which included a $4.97 beginning bonus. His yearly compensation is $1.7 million in 2021, a significant increase from his initial salary of $480,000. Furthermore, the quarterback has earned $7.9 million so far in his career.

Endorsement Deal 

Lamar is a relatively new face in the NFL panel, hence he has yet to sign any large sponsorship deals. However, in August 2020, he inked an endorsement deal with Oakley, a California-based eyewear company. Although the terms of their contract are currently undisclosed, it is safe to presume that he will be well compensated.

Lamar Jackson’s Clothing Line

The NFL quarterback debuted his clothing line, “era8apparel,” in 2019. He sells customized clothes, caps, face masks, and even iPhone covers, all named after his jersey number. Based on online reviews, this company venture appears to be doing rather well. The Instagram page for the clothing has over 47,000 followers and is still expanding.

Lamar Jackson’s Personal Life

Lamar Jackson is dating Jamie Taylor. He began dating her when they first met in college. Their romance has lasted more than three years.

Lamar Jackson Net Worth

Lamar has remained silent about his personal life. He also hasn’t revealed any information about his relationship on his official Instagram account, new-era8.

Frequently Asked Questions

Who Is Lamar Jackson’s Wife?

Lamar Jackson is dating Jamie Taylor.

What Is Lamar Jackson’s Age?

Lamar Jackson is 25 Years old.

Is Lamar Jackson Having a Baby?

Lamar Jackson has a daughter, Milan whose nickname is Lani.