| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| Negative $5 million | $43 million | – | Mississippi | Male | – | Retired American Football Player | American |
What is Clinton Portis’ Net Worth?
Clinton Portis has a net worth of negative $5 million. Despite earning $43 million in salary during his time as a professional football player, Portis encountered financial and legal problems in retirement, leading to a substantial loss of wealth.
Highlights
– Retired American football player.
– Played as a running back for the Washington Redskins for seven seasons.
– Earned $43 million in salary during his NFL career.
– Suffered financial and legal problems in retirement.
Early Life
Clinton Portis was born in Mississippi. He began his football career at the University of Miami, where he showed great potential. Portis made a name for himself by becoming the second freshman running back to start for the team and setting a school record with five 100-yard performances. However, his sophomore season was challenging, and he lost his starting position to a teammate.
In 2001, Portis bounced back and played a crucial role in leading his team to win a national championship. His outstanding performance caught the attention of the Denver Broncos, who drafted him in the second round of the 2002 NFL Draft.
Career
Clinton Portis joined the Denver Broncos at the age of 22 and quickly made an impact, becoming the youngest player to score five touchdowns in a game. In 2004, he was traded to the Washington Redskins, where he signed an eight-year contract worth $50.5 million.
During his time with the Redskins, Portis achieved notable milestones. In the 2006 season, he broke the team’s record for the most rushing yards in a season, accumulating 1,516 yards. He also became the third player in NFL history to run for over 1,500 yards in three seasons. However, injuries eventually hampered his performance, leading to his departure from the Redskins in 2011.
Personal Life
Clinton Portis faced various financial and legal troubles in his personal life. Following his retirement, he encountered significant financial losses, which wiped out his $43.1 million in career earnings. Portis attributed the loss to bad investments overseen by a financial advisor, along with his own gambling habit and recklessness.
In addition to financial difficulties, Portis faced legal issues. He filed for bankruptcy in December 2015, listing $5 million in personal debts. He also owed the IRS substantial amounts in back taxes and had unpaid car loans and child support obligations.
Furthermore, in December 2019, Portis and several other former NFL players were indicted by the US Department of Justice for allegedly stealing money from the league’s healthcare program. The players were accused of submitting fake claims for reimbursement.
Net Worth Over Time
Clinton Portis started his professional career with immense earning potential, signing a lucrative contract with the Washington Redskins. However, due to financial mismanagement, bad investments, and legal troubles, his net worth declined significantly. As of now, his net worth stands at negative $5 million.
Components of Net Worth
Portis’ net worth includes his earnings from his NFL salary, which amounted to $43 million. However, his net worth is currently negative due to financial losses from failed investments, including a failed casino venture and involvement in a Ponzi scheme. Additionally, unpaid taxes, car loans, and child support obligations have further contributed to his negative net worth.
All net worth figures mentioned in this article are based on available public sources and estimates. It’s important to note that these numbers may not be entirely accurate and are subject to change.