What is Nick Saban Net Worth in 2020? Here's the Complete Breakdown
Learn about the net worth and earnings of the American football head coach Nick Saban.
Nick Saban is the head coach of the football team of the University of Alabama. He previously served as the head coach of the National Football League team Miami Dolphins and football teams of Louisiana State University (LSU), Michigan State University, and the University of Toledo.
Considered the greatest coach in college football history, Nick Saban, who is married to his wife Terry Saban, holds an incredible career record of 254–65–1. And his achievements do not only limit to trophies and accolades. He has also earned a lot of money in this career, which is also an achievement. So how much money does he make, and how much net worth does he hold?
What is Nick Saban's Net Worth in 2020?
According to Celebrity Net Worth, the Alabama Crimson Tide head coach Nick Saban holds an estimated net worth of $60 million as of December 2020. He made this amount of net worth solely from his career as an American football coach. According to Alabama Local News, with an average annual salary of $1.1 million, he is the highest-paid public employee in the country.
Nick Saban holds an estimated net worth of $60 million as of December 2020.
Nick Saban signed a contract with the University of Alabama to become their 27th head coach on January 3, 2007. His initial eight-year contract was worth $32 million, making him one of the highest-paid football coaches, professional or collegiate, in the United States at the time. His highest ever salary came in 2017 when he earned a salary of $11.5 million per year.
Nick Saban's new contract extension came before 2018, which will expire in 2021. Alabama is paying Saban a total of $9.1 million in the 2020 season. His base salary will increase by $400,000 as per the new contract. He is the highest-paid college football coach in 2020, ahead of LSU's Ed Orgeron, Clemson's Dabo Swinney, and Michigan's Jim Harbaugh, as per Sporting News.
Nick Saban Earned Between $5 Million and $11 Million in PPP Loans.
Besides football coaching, Nick Saban also makes a lot of money from business deals. According to Forbes, just this year in 2020, he made between $5 million and $11 million in Paycheck Protection Program (PPP) loans through Mercedes dealerships co-owned by him.
Nick Saban made between $5 million and $11 million in Paycheck Protection Program (PPP) loans in 2020.
Dream Motor Group acquired loans of at least $5 million in April 2020. Nick Saban is a partner in the group run by CEO Joe Agresti.
Nick Saban's Real Estate Assets
In 2007, coach Nick Saban (daughter) and his wife Terry purchased a home in Tuscaloosa for about $2.9 million. He sold the 8,700-square-foot property to the Crimson Tide Foundation for $3.1 million in 2013. Although the sale was made to the University of Alabama, he continued living in the property even after he sold it.
In 2013, Nick Saban sold his Lake Burton house for $11 million.
Source: Atlanta Journal
Nick Burton also used to own real estate on Lake Burton in the North Georgia Mountains. The property has a 9,600-square-foot home and is spread over an area of 1.7 acres of land. Flanked by forests, the house sits right on the water, with over 700 feet of lake frontage. In 2013, Nick Saban sold the property for $11 million through an auction.
Nick Saban's Net Worth As of 2022
Although many sites estimated Nick Saban's net worth to be around $60 million in 2020, Wealthy Gorilla noted that he holds a net worth of $35 million as of 2022.
Despite the drop in the number, he is still one of the highest-paid college coaches out of 25 on the list. Yes, Saban, 70, still got the moves and is doing great in his life.
Stay tuned to Idol Persona for more net worth-related content of your favorite celebrities.