Plaxico Burress is a retired American football wide receiver who played in the NFL for 12 seasons. He was drafted by the Pittsburgh Steelers in the first round of the 2000 NFL Draft. After spending eight seasons with the Steelers, he signed with the New York Giants in 2008. He helped the Giants win Super Bowl XLII against the New England Patriots, earning himself a Super Bowl ring. In 2011, he was released by the Giants after he was convicted of criminal possession of a weapon. After sitting out of football for two years, he re-signed with the Steelers in 2013 but was released before appearing in a game. He then caught on with the New York Jets but was once again released before playing a game. He has not played in the NFL since 2014. So what is Plaxico Burress’ net worth?
Plaxico Burress’ Net Worth as of 2020
As of 2020, Plaxico Burress has an estimated net worth of $5 million. The vast majority of his earnings have come from his NFL career, where he made over $35 million in salary alone. He has also made additional money through endorsements and appearances. For example, he has served as a sports analyst on several TV shows and podcasts.
Burress has not been immune to financial troubles, however. In 2011, he was forced to declare bankruptcy after failing to pay back over $12 million to creditors. The majority of his debt came from Failure to repay debt related to real estate investments that had gone sour. As part of his bankruptcy agreement, he was required to liquidate many of his assets, including his Super Bowl ring from 2008.
Despite his financial struggles, Burress has managed to hold onto most of his earnings from his NFL career. Thanks to prudent investing and financial management, he has an estimated net worth of $5 million as of 2020. Not bad for a guy who was once written off as washed up!
Conclusion
Plaxico Burress may have fallen on hard times in recent years, but thanks to a successful 12-year career in the NFL, he still has an estimated net worth of $5 million as of 2020. That’s not too shabby for a guy who many thoughts was washed up after leaving the league in 2014!
