Professional athletes and huge salaries go together like peanut butter and chocolate. Sure, most people who play sports for a living make straight-up working-class wages. But the stars, the household names everyone knows? Their services are worth eye-watering sums. And for most, the storyline is familiar: rags to riches. A poor or middle-class kid makes good.
Except in the rare instances where they aren’t. Sometimes, the phrase “wealthy athlete” applies whether the player in question nets a blockbuster contract or not. Enter: Nick Foles, a rich kid turned Super Bowl-winning NFL quarterback.
Nick Foles’ lucrative NFL career
Before getting into Foles’ charmed childhood, let’s dive into why we’re talking about him in the first place. The Philadelphia Eagles selected Foles 88th overall in the 2011 NFL draft. After finding his footing in 2012, he quickly had a breakout season. According to Pro Football Reference, he led the league in passing yards per attempt (9.1) and passer rating (199.2).
That was the last time he looked like a true starter in the eyes of the league. He bounced from team to team, including a disastrous 2015 run with the St. Louis Rams. He maintained a positive relationship with the Eagles front office, leading to a second stint there behind Carson Wentz.
This led to one of the defining moments of the last decade of football. Wentz went down with an injury, and Foles stepped up big time to fill in the gap. The Eagles won Super Bowl LII, and their second-stringer did more than keep the QB spot warm in the process. His leading role in the win got him the MVP nod for his efforts.
The wealthy upbringing that Nick Foles can fall back on — if he wants to
Foles didn’t crawl his way up from poverty to get to the Super Bowl, like many of his teammates did. His father, Larry Foles, is a self-made millionaire. Larry is the co-founder of Eddie V’s Prime Seafood, which was a huge moneymaker throughout Nick’s childhood.
In 2011, right when Nick hit the ground running in the NFL, Larry made his own huge play. He sold off 11 Eddie V’s franchise locations. He immediately became $59 million richer in one go, turning an already wealthy family into a stratospherically rich one.
Nick might not have the common rags-to-athletic-riches story his peers so often do, but his father Larry does. He didn’t finish high school, instead opting to work to support his family. He often turned in 80-100 hour weeks in the process. His steady climb to multi-million dollar success ended up inspiring his son to put in similarly dedicated work, despite there being no threat of poverty if he didn’t.
Current net worth
Nick Foles is essentially a very good journeyman QB. It’s a miracle for the NFL to even wink in one’s direction, so pointing this out is not meant to undermine how great Foles is as an athlete. But he isn’t exactly Patrick Mahomes, so it’s impressive that his work on the field translates such a huge pile of cash.
Life as a backup QB is a tough one, in the sense that you’re a layer closer to washing out of the NFL entirely. Foles’ dedicated work ethic kept his head above water. Even when he went through a rough patch, teams continued to want to work with him, and benefit from his leadership in the locker room.
The Chicago Bears are the latest team to pay up to get Foles on board for this exact reason. They traded up to get their hands on Mitch Trubisky, who has proved erratic at best. Now, he’ll have Foles standing with him, as a veteran presence and a steadier option if Trubisky appears on course for a disastrous game.
His net worth is estimated by Wealthy Persons at $15 million. His late-career contracts match his veteran bona fides, so that should grow massively over the next several years. The Chicago deal guarantees Foles $21 million over three years, and an extra $3 million in incentives.
Sure, this journeyman QB could’ve fallen back on the family business if he didn’t want to put in all this work. But he’s doing much better striking out on his own, to say the least.