Mike Shanahan Net Worth

December 5, 2023
3 mins read
LANDOVER, MD - DECEMBER 30: Head coach Mike Shanahan of the Washington Redskins looks on during the fourth quarter of their game against the Dallas Cowboys at FedExField on December 30, 2012 in Landover, Maryland. (Photo by Patrick McDermott/Getty Images)

Michael Edward Shanahan, born on 24th August 1952 in Oak Park, Illinois, is a retired American Football coach, best known to the world for leading the Denver Broncos to back to back Super Bowl victories in the 1998 and 1999 seasons. Also during his career, he coached the Los Angeles Raiders and Washington Redskins. His career was active from 1975 until 2013.

Have you ever wondered how rich Mike Shanahan is, as of late 2016? According to authoritative sources, it has been estimated that Mike`s net worth is as high as $30 million, earned through his successful career in the NFL.

Mike Shanahan Net Worth $30 Million

Mike’s mother was a homemaker, and his father an electrician. He spent his childhood in villages near his hometown, Franklin Park and Schiller Park. From an early age Mike was interested in sports, and nurtured his talents as he got older. He went to East Leyden High School, Franklin Park, Illinois, and while there he played as quarterback in a wishbone formation for his high school team, but also set the record of 260 rushing yards in a single game. After matriculation, he enrolled at Eastern Illinois University, and played football for two years, before suffering a life threatening injury when his kidney ruptured, and his heart stopped for a half a minute.

After that, he never returned to the field as a player; instead, after he graduated, he tried himself as a coach. Starting in 1975 he was chosen as offensive assistant coach of the University of Oklahoma football team, and then a year later became the running backs coach. In 1978 he returned to his alma mater in the position of offensive coordinator, but worked there only for a year, before accepting an offer from the University of Minnesota; however, his time at Eastern Illinois was quite productive, as he helped the team to win the Division II football championship. His net worth was certainly well established.

After Minnesota, his next stop was Florida for three years, before he got a chance to try himself in the NFL, as the offensive coordinator for the Denver Broncos in 1984. He stayed with the Broncos until 1987, when he became the head coach of the Los Angeles Raiders, having caught the attention of the Raiders owner Al Davis. In his first season with the Raiders, and his first as head coach, Mike had a negative 7-9 result, but which was enough for 3rd place in the AFC West. The second year he got fired after four games, in which he had three losses, and so returned to the Broncos as offensive assistant. However, his stint didn`t last long, as in 1992 he joined the San Francisco 49ers as offensive coordinator, which increased further his net worth.

However, in 1995, he returned to the Denver Broncos, this time as the head coach, and stayed with the team until the end of the 2008 season. In his first season, Mike led the Broncos to .500 record and 3rd place in AFC West. His second season was outstanding, as he recorded 13 victories and only two defeats, but in the post season, his team lost to the Jacksonville Jaguars in the AFC Divisional game. Nevertheless, his third season was the charm, as he led the Broncos to the Super Bowl, in which they defeated the Green Bay Packers 31-24. He repeated the success the following year, with an even more dominant performance as they lost only two games in the regular season, and in the finals outscored the Atlanta Falcons 34-19, with John Elway as MVP of the match. He coached Broncos until the end of 2008 season with mixed results, but he never again reached Super Bowl with them, and after three consecutive seasons missing the playoffs, Mike was fired. However, his net worth was assured.

The following year he remained without engagement, then in 2010 he was appointed as the head coach of the Washington Redskins, signing a contract worth $35 million over five years, which added a considerable amount to his net worth. In the first season, Mike won six games and lost ten, which wasn`t enough for a playoff spot. He wasn`t quite successful in the second as well, but the third one brought a positive record of 10-6, and first position in NFC East. However, his Redskins lost to the Seattle Seahawks in NFC Wild-Card game. The following season was his last with the Redskins and in the NFL, recording only three wins and 13 defeats and being fired by Daniel Snyder, owner of the Redskins. Retirement beckoned.

During his career, Mike posted several notable accomplishments, including being one of the six coaches, next to Don Shula, Jimmy Johnson, Bill Belichick, Chuck Noll and Vince Lombardi to win back to back Super Bowls, also he has most wins in Denver history with 138, then he has most wins in National Football League history during a three-year period. Furthermore, he is the second in the history of NFL to win two Super Bowls in his first four years, next to Don Shula, among many other accomplishments.

Regarding his personal life, Mike has been married to Peggy Brandt since 1976; the couple has two children, one of whom is Kyle Shanahan, the offensive coordinator for the Atlanta Falcons of the NFL.

Mike is a Roman Catholic, and most recently has supported Donald Trump in his presidential battle by hosting a fundraiser.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications.

At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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