Profile
American football tight end
#72 in NFL today
As of 2024, Shannon Sharpe has a net worth of $15 million. Sharpe earns a $3 million salary annually, according to Forbes. He lost a significant portion of his wealth to gambling and poker, more about it written below.
Financial Losses
Despite earning over $50 million during his playing career, Sharpe’s net worth is estimated to be only around $15 million. So, what happened to all of his money? According to multiple reports, Sharpe lost a significant amount of money to gambling and poker.
In a 2016 interview with ESPN, Sharpe admitted that he lost over $10 million in one night at a casino, and his friend Michael Vick lost a lot too.
He also reportedly lost millions of dollars playing poker, both online and in high-stakes games. In addition to gambling, Sharpe also reportedly spent lavishly on parties, cars, and bad investments.
As a result of his excessive spending and gambling losses, Sharpe found himself in financial ruin in the early 2000s.
He was forced to sell several of his homes and cars, and he even filed for bankruptcy in 2004. Sharpe has since managed to rebuild his finances, but he has never fully recovered from his financial losses.
Shannon Sharpe Net Worth 2024 (Forbes)
| Net Worth | $15 Million |
| Salary | $3 Million |
| Annual Income | $4.1 Million |
| Inheritance | $800,000 |
| Bank Balance | $1.6 Million |
In May 2023, Shannon Sharpe’s home in Los Angeles was burglarized. The thieves made off with over $1.7 million worth of jewelry, watches, and designer bags. Sharpe was not home at the time of the burglary, and no arrests have been made.
How did Shannon Sharpe get rich again?
Sharpe was a co-host of the popular sports talk show Skip and Shannon: Undisputed on Fox Sports 1.
He is reportedly paid $3 million per year for his work on the show. Sharpe also hosts a radio show called Opening Drive on NFL Radio. He is paid $1 million per year for his work on the show.
Sharpe has endorsement deals with several companies, including Nike, Pepsi, and Pizza Hut. He earns over $500K per year from endorsements.
Sharpe has several business ventures, including a clothing line and a restaurant. But they did not add much to his net worth.
House
Shannon Sharpe’s house is located in the Buckhead neighborhood of Atlanta, Georgia. He purchased the house in 2002 for $2.5 million, but it is now estimated to be worth over $5 million.
The house is a 12,000-square-foot mansion with seven bedrooms, eight bathrooms, a pool, a tennis court.
Lawsuits
Brett Favre is appealing a federal judge’s dismissal of his defamation lawsuit against Shannon Sharpe. With already dwindling net worth, this case is surely going to hurt Sharpe badly.
The lawsuit was based on Sharpe’s 2022 Fox Sports comments alleging Favre misappropriated $1.1 million in welfare funds.
Favre has repaid the $1.1 million but denies wrongdoing and owes $729,790 in interest. The 5th U.S. Circuit Court of Appeals is determining if Sharpe’s remarks were defamation or protected opinion.