How Marques Colston Built a Net Worth of $45 Million – The Inside Scoop
Marques Colston was a star wide receiver for the New Orleans Saints, known for his precise routes and acrobatic catches. However, Colston’s success in the NFL is not the only reason why he is bringing in big bucks. The ex-NFL player has a net worth of $45 million. Here’s how he built such an impressive net worth.
Introduction
Marques Colston’s life started in a rough neighborhood of Harrisburg, PA, where he was born in 1983. However, his passion for sports, particularly football, helped him pave his way out of the tough environment he grew up in. After playing college football for Hofstra University, Colston was drafted by the New Orleans Saints in the 2006 NFL Draft. After a successful 10-season career with the Saints, Colston retired in 2016. However, he didn’t retire from wealth. It’s no secret that NFL players earn high salaries, but not everyone can build a net worth of $45 million. Here’s how Marques Colston did it.
1. A Successful NFL Career
As a star wide receiver for the New Orleans Saints, Colston’s success on the football field played an important role in building his net worth. He had a 10-season career with the Saints, earning him an estimated $44 million in salary. His high earnings were the result of his hard work and dedication to the sport.
2. Investing in Real Estate
Marques Colston is also the founder of Heritage Commercial Partners, a real estate development firm. Through his company, Colston has invested in commercial and residential real estate properties, generating a significant portion of his wealth.
3. Philanthropy
Colston has long been known for his philanthropic work. He founded the Colston Charitable Foundation, which provides support and resources to underprivileged children in New Orleans and his hometown of Harrisburg. By supporting social causes, Colston has earned both fame and fortune.
4. Focusing on Financial Planning
Marques Colston is known for taking a disciplined approach to financial planning. He set realistic financial goals and invested his money accordingly. Colston never lived above his means and focused on managing his expenses, which helped him build his net worth over the years.
5. Endorsement Deals
As a professional athlete, Colston also had several endorsement deals throughout his career, including deals with Nike and Pepsi. These deals helped him build his wealth, while allowing him to promote brands that he believed in.
6. A Strategic Approach to Investing
Colston’s net worth was also built through a strategic approach to investing. He invested in stocks, mutual funds, and other assets that had the potential to generate high returns. Colston also sought out investment opportunities that aligned with his interests and values.
7. Diversification of Income Streams
Marques Colston diversified his income streams by investing in different areas including real estate, stocks, and private equity. By doing this, he ensured that his wealth was protected from market fluctuations.
8. Networking for Future Opportunities
Colston’s networking skills have helped him develop new partnerships and investment opportunities. He leveraged his connections in the NFL world and beyond to create lasting business relationships and new investment opportunities.
Conclusion
Marques Colston’s net worth of $45 million did not come easy – it was the result of years of hard work, discipline, and a smart approach to managing his finances. By diversifying his income streams, investing wisely, and giving back to his community, Colston has successfully built a lasting legacy beyond his NFL career.
FAQs
Q1. How much did Marques Colston earn during his NFL career?
A1. Marques Colston earned an estimated $44 million in salary during his 10-season NFL career with the New Orleans Saints.
Q2. What philanthropic work has Marques Colston done?
A2. Marques Colston founded the Colston Charitable Foundation, which provides support and resources to underprivileged children in New Orleans and his hometown of Harrisburg.
Q3. How did Marques Colston invest his money?
A3. Marques Colston diversified his investments across different areas, including real estate, stocks, and private equity, among others.
Q4. What endorsement deals did Marques Colston have?
A4. Marques Colston had endorsement deals with Nike and Pepsi during his NFL career.
Q5. How did Marques Colston leverage his connections for business opportunities?
A5. Marques Colston leveraged his connections in the NFL world and beyond to create lasting business relationships and new investment opportunities.