Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: FitnessFrenzy on January 02, 2020, 11:48:04 AM
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https://www.celebritynetworth.com/richest-athletes/richest-coaches/phil-heath-net-worth/
this sounds like BS...
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He was Mr. Olympia for seven years straight...you can make about $1 million to $1.5 million per year pre-tax, as Mr. Olympia. It's quite possible to me that Phil earned $10 million, pre-tax. But once you consider taxes and expenses, I'm not sure what Phil would have left. Phil seems to spend a lot of money, although not quite to the extent of Dexter Heath, or numerous Hebrew athletes in various professional sports.
Consider that Phil Heath won $400,000 in prize money for the Mr. Olympia alone, in addition to $400,000 matched by MuscleTech for several years. So that's $2.8 million just in Mr. Olympia purse money alone, in addition to however many times he was with MuscleTech to match the prize money from them. Shawn Rhoden said that his sponsor dropped him right before one Olympia, because they didn't want to match whatever he was going to earn, which I think was only $60,000 that particular year.
I think Phil Heath was with MuscleTech for quite some time - maybe until 2015 or something like that, and quite possibly received another $2 million from them in Olympia prize purses being matched, plus his normal contract earnings through them. That is on top of DVD sales, and appearances, where he probably made $5,000 per weekend appearance.
It's quite possible Phil Heath could have cleared and saved $8 million, but it would boil down to how much he spent. As I mentioned, I don't think Phil is the sort of person to save everything he earns. If any bodybuilder is worth that much or more, I would say it's Jay Cutler.
But I would say it's possible. It seems far more realistic to me than Seth Feroce's alleged $75 million net worth, given he has barely competed, and was never Mr. Olympia.
That Phil has made over $8 million is not something I would much doubt - whether or not he saved that much would be another matter.
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He was Mr. Olympia for seven years straight...you can make about $1 million to $1.5 million per year pre-tax, as Mr. Olympia. It's quite possible to me that Phil earned $10 million, pre-tax. But once you consider taxes and expenses, I'm not sure what Phil would have left. Phil seems to spend a lot of money, although not quite to the extent of Dexter Heath, or numerous Hebrew athletes in various professional sports.
Consider that Phil Heath won $400,000 in prize money for the Mr. Olympia alone, in addition to $400,000 matched by MuscleTech for several years. So that's $2.8 million just in Mr. Olympia purse money alone, in addition to however many times he was with MuscleTech to match the prize money from them. Shawn Rhoden said that his sponsor dropped him right before one Olympia, because they didn't want to match whatever he was going to earn, which I think was only $60,000 that particular year.
I think Phil Heath was with MuscleTech for quite some time - maybe until 2015 or something like that, and quite possibly received another $2 million from them in Olympia prize purses being matched, plus his normal contract earnings through them. That is on top of DVD sales, and appearances, where he probably made $5,000 per weekend appearance.
It's quite possible Phil Heath could have cleared and saved $8 million, but it would boil down to how much he spent. As I mentioned, I don't think Phil is the sort of person to save everything he earns. If any bodybuilder is worth that much or more, I would say it's Jay Cutler.
But I would say it's possible. It seems far more realistic to me than Seth Feroce's alleged $75 million net worth, given he has barely competed, and was never Mr. Olympia.
That Phil has made over $8 million is not something I would much doubt - whether or not he saved that much would be another matter.
Who are you talking about?
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Sites like that are not accurate, Ive seen some say "I wish" when they were asked about their worth reported on there and other sites.
I hope he is though, since he is top echelon.
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Who are you talking about?
Phil Heath.
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World DARTS Champ just collected nice metal trophy & 500 000 British coins ( US $ 657 000) :D
& he eat pizza , drink beer ............ >:(
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its possible, remember, lots of "fans" overseas, and ronnie and levrone's companies took off overseas only. India and iran are filled with schmoes
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World DARTS Champ just collected nice metal trophy & 500 000 British coins ( US $ 657 000) :D
& he eat pizza , drink beer ............ >:(
And still likely more of an “athlete” than Heath.
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https://www.celebritynetworth.com/richest-athletes/richest-coaches/phil-heath-net-worth/
this sounds like BS...
Multi Olympia...its prob more. The majority of the money is made from Guest Posing...especially in Saudi Arabia
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Making a living in bodybuilding is harder than getting in on the ground floor and getting rich from a ponzi scam. But sure, it's possible.
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Phil Heath.
yes, you said, way more than you needed to...
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I agree with Matt. Definitely can see Heath pulling that much.
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If I had to guess, Phil has probably made $2.5-3million after taxes + expenses, likely saved $1-1.5million at best and is slowly realizing that he needs to invest his money into vehicles that will allow for passive income for the rest of his life given that bodybuilders have a limited shelf life.
"1"
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If I had to guess, Phil has probably made $2.5-3million after taxes + expenses, likely saved $1-1.5million at best and is slowly realizing that he needs to invest his money into vehicles that will allow for passive income for the rest of his life given that bodybuilders have a limited shelf life.
"1"
he invests heavily in sneakers, hes not stupid...
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he invests heavily in sneakers, hes not stupid...
Apparently that's actually a thing. I wonder how many are able to actually make money on that.
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He also divorced his first wife, I wonder if she clipped him for 1/2, alimony, etc.... Also that new wife looks high maintenance.
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Would a multi-millionaire, almost in the 8 digits, involve himself in something like that? My gut says no, but you never know.
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Apparently that's actually a thing. I wonder how many are able to actually make money on that.
not sure its a great business idea, they are only worth what someone will pay for them, if you cant sell them then you are fucked, a bteer investment would be property, I assume hes doing that as well, not just renting huge mansions and blowing it on expensive cars....a lot of people who come by a lot of money end up losing it, whoever though Evander Holyfield would end up skint
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That’s impossible since Seth Feroce is worth $75 million
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yes, you said, way more than you needed to...
Yes...but I'm just trying to break it down. I'm skeptical of some of these earnings and net wealth claims, but I could see Phil's stated wealth to be accurate.
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I agree with Matt. Definitely can see Heath pulling that much.
Thanks, youandme!
tl;dr
[but for those interested in discussing pro earnings]
In an interview during the 2001 Mr. Olympia weekend, Wayne DeMilia stated that Ronnie was making over $1 million at the top, and the top 6-10 were making $150,000 or more.
I think it's safe to say that Mr. Olympia winners have been guaranteed millionaires since the early 2000's, if not the later nineties. Probably since around 2001, when DeMilia made that statement.
If you consider $400,000 in Olympia purse money with the years that Phil [and previously, Jay] got winnings matched by way of their MuscleTech contracts, I would say that making $1 million or more pre-tax is quite realistic.
It's sad that earnings are so top-heavy like that, where the winner makes so much, and people outside the top 6-10 are working full-time jobs. It was almost as bad in the UFC prior to Ronda Rousey, and later Conor McGregor, coming in and bringing the viewing audience [and thus, the prize purses] up substantially.
For example, George St-Pierre's first fight earned him $3,000 to show, and $3,000 to win [def. Karo Parysian], and he earned a total of $200,000 in 2006, when he first became the UFC welterweight champion of the world.
By 2013, his last year pre-comeback with Michael Bisping, GSP only won $400,000 in his win over Johny Hendricks, plus whatever pay-per-view bonus he would have gotten for that fight. GSP made a total of $12 million in the UFC in 2013, which would have been his best year. Here in Canada, half that cash is going to the government. So even GSP, the top star of the UFC at the time, wasn't exactly living large. Brock Lesnar may have made more, but only for a few years...I would have to check the data on Wiki.
Consider that Rory MacDonald was #4 in the world that year, and made something like $160,000, or maybe it was $250,000 with $160,000 in training camp and managerial costs. MacDonald did an interview with London Real saying that he was just about losing money to fight, despite being #4 in the world, which caused him to move to Bellator.
In Canada, I think the top curler here makes $100,000 a year.
Some sports just have smaller audiences, hence smaller prize purses. I suspect the UFC isn't as hot lately with Conor McGregor being inactive, and likely, smaller PPV sales as a result.
I almost feel bad for bodybuilders, strongmen, powerlifters, and even UFC fighters, given how small some of the purses are. It's like to have success you need to be the very best in the world in any of these, and competitors outside the top 10 are making peanuts working full-time as personal trainers, or even selling used posing trunks to shmoes fans of the sport industry...
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That’s impossible since Seth Feroce is worth $75 million
haha! omg too funny
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If I had to guess, Phil has probably made $2.5-3million after taxes + expenses, likely saved $1-1.5million at best and is slowly realizing that he needs to invest his money into vehicles that will allow for passive income for the rest of his life given that bodybuilders have a limited shelf life.
"1"
Your on On the money and in five years Heath will be out of money, we are in the low yield era, his lifestyle will outstrip his return and he will eat away his investment capital like many others in the coming decade.
He's past the point where he can ramp up his investment capital significantly and he won't have the discipline to reduce his lifestyle to compensate.
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Good point on the first divorce that would have cost him.....
And shurie don't look cheap at all.
That said he would have easily been able to attain 8 million if he made a few okay investments with his money, which I think he most likely has....
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https://www.celebritynetworth.com/richest-athletes/richest-coaches/phil-heath-net-worth/
this sounds like BS...
BS in that he's probably worth much, much more.
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BS in that he's probably worth much, much more.
Hard to say about "much more". What would he have made, maximum, during his Mr. Olympia years? With $400,000 in the Olympia prize purse, and an equal figure matched by MuscleTech, that's $800,000. Say he made triple that - $2.4 million - and made it for all seven years he was Mr. Olympia.
We're looking at $16.8 million. And I'm not sure if Phil would have been making that kind of cash, but I suppose it's possible.
From there, what is the US tax rate for top earners? Phil seems to be a bit of a baller...I could see him having spent millions. But I could believe he saved $8 million. I think it does boil down to his saving habits. He definitely earned millions of dollars.
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If I had to guess, Phil has probably made $2.5-3million after taxes + expenses, likely saved $1-1.5million at best and is slowly realizing that he needs to invest his money into vehicles that will allow for passive income for the rest of his life given that bodybuilders have a limited shelf life.
"1"
Given the quantity, quality and variety of drugs these buffoons ingest and inject, I'd say his half life ain't for poo either. When he comes off, no one can know how his midgie body will react to being "on its own" again.
I'm still laughing about the "Feroce makes 75 million" comment!
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Multi Olympia...its prob more. The majority of the money is made from Guest Posing...especially in Saudi Arabia
More likely he's "Guest Schmoezing" for Sheik Yerboootay. FTN. Ugh.
And yes, I know who you are and you know who I am so please don't bother with your ubiquitous and annoyingly plebeian reply of (and here I must paraphrase) "...And you are?"
Phildo's a douche as evidenced by his ridding himself of the woman he so loved and dedicated an Olympia win to but she had cancer and now he's got a new hot wife, blah, blah, blah, ad nauseam.
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More likely he's "Guest Schmoezing" for Sheik Yerboootay. FTN. Ugh.
And yes, I know who you are and you know who I am so please don't bother with your ubiquitous and annoyingly plebeian reply of (and here I must paraphrase) "...And you are?"
Phildo's a douche as evidenced by his ridding himself of the woman he so loved and dedicated an Olympia win to but she had cancer and now he's got a new hot wife, blah, blah, blah, ad nauseam.
Sometimes people just grow apart.
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That video is interesting, at about 2 minutes in they start hammering out the details on the lost bracelet from late 2015 - early 2016, and Phil couldn't come up with $45,000, and had to work a payment plan of around $20,000 per year. Phil pays the 20, but forgets the rest. Now here's the question -
1) Was Phil just hiding money from his wife who he was divorcing in 2015?
2) Was Phil so tapped out during those years, he couldn't spare $20,000, despite being a reported multi millionaire?
3) Or did Phil just not give a fuck, and was willing to let an embarrassing story like that get out?
(http://i.imgflip.com/227gx1.jpg).
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Sometimes people just grow apart.
Agreed. But I still find Phildo to be a repulsive sort.
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Agreed. But I still find Phildo to be a repulsive sort.
He's a well spoken, college educated, 7X Mr. Olympia with a penchant for white pussy. Problem?
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He's a well spoken, college educated, 7X Mr. Olympia with a penchant for white pussy. Problem?
Yup. I think he's a turd. But hey, he's a rich turd and a well built turd. Butt when all's said and done, a turd's still a turd.
I do not like turds. ;D
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Too bad Heath didn't make it to the NBA. He would be set for life with the right investments. Being a bodybuilder probably means he will be living a very modest life in a few short years when his sources of income dries up. Don't get me wrong I wish him the best.
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Man-purses of cash wider than Heath.
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Too bad Heath didn't make it to the NBA. He would be set for life with the right investments. Being a bodybuilder probably means he will be living a very modest life in a few short years when his sources of income dries up. Don't get me wrong I wish him the best.
Too difficult to ascertain. If he invested a reasonable portion of his earnings over his career into suitable investments for passive income (think Vanguard style indexes) he could comfortably drawdown nearly 200,000 per year for living expenses without having to worry about the principal ever running out - and this would assume that he never earns anymore money (which is foolish).
As an aside, Cutler seems to be the most business savvy pro out there - I have zero doubt that financially he is very, very comfortable (similar to his frugal guru Aceto)...
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not sure its a great business idea, they are only worth what someone will pay for them, if you cant sell them then you are fucked, a bteer investment would be property, I assume hes doing that as well, not just renting huge mansions and blowing it on expensive cars....a lot of people who come by a lot of money end up losing it, whoever though Evander Holyfield would end up skint
You ever meet him or see him speak live at an event? I did. Trust me, you would say "how is this nut-job even functioning".
Wayyy out there.
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If Phil is not business savy, had a bad divorce, paid 30% in taxes, paid Oscar a bunch for the training-guru, lives above his means, steals jewelry, huge drug bill, etc., I can see where he may not be worth that if not done properly. (Look how Flex used to pose in front of many cars, houses, etc, very broke these days). Phil likes to do the same.
His 1st supp-line failed, now has another.
Many NBA stars aren't too bright w/ $$$$$$. BB's can be the same (jus as bad but on much smaller scale).
https://www.stadiumtalk.com/s/biggest-sports-rumors-that-almost-came-true-99f351a60c064044
Walker started his career with the Boston Celtics in 1996, was a three-time All-Star and won a ring with the Miami Heat, but just a year after his last game in 2008, Walker was arrested for writing bad checks related to gambling debts. He owed six figures to multiple casinos, and by 2010, Walker, who made over $108 million in the NBA, filed for bankruptcy.
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He also divorced his first wife, I wonder if she clipped him for 1/2, alimony, etc.... Also that new wife looks high maintenance.
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Would a multi-millionaire, almost in the 8 digits, involve himself in something like that? My gut says no, but you never know.
Jay is most certainly his mentor
Jay gets a high maintenance bartender bimbo
Next thing Phil does is he gets a divorce and gets a younger high maintenance bimbo
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I've got more money than Phil Heath and it's nowhere near 8 million.
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Jay gets a high maintenance bartender bimbo
Next thing Phil does is he gets a divorce and gets a younger high maintenance bimbo
;D
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Jay gets a high maintenance bartender bimbo
Next thing Phil does is he gets a divorce and gets a younger high maintenance bimbo
Is Angie high maintenance? How would one know? They seem fine together (so far).
Phil tossed his wife aside when she got cancer. Might have to contribute to that fund as well if no medical insurance.
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Is Angie high maintenance? How would one know? They seem fine together (so far).
Phil tossed his wife aside when she got cancer. Might have to contribute to that fund as well if no medical insurance.
Who nose?
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Is Angie high maintenance? How would one know? They seem fine together (so far).
Phil tossed his wife aside when she got cancer. Might have to contribute to that fund as well if no medical insurance.
A Vegas bartender/waitress that’s waiting for the opportunity to strike gold with who ever or whomever high roller that comes in, yes
They are a dime a dozen in the vegas scene
Just ask tres taco, he knows more about the scene
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phildo future
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phildo future
Not a chance. Phil is mensa material compared to that idiot.
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I wonder how much Lou Ferrigno is worth these days
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He was Mr. Olympia for seven years straight...you can make about $1 million to $1.5 million per year pre-tax, as Mr. Olympia.
How do you know this?
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How do you know this?
Wayne DeMilia stated it in the 2001 Mr. Olympia expo DVD by GMV.com.au.
Additionally, Phil earned $400,000 for winning the Mr. Olympia + that prize purse was matched by MuscleTech. So that was $800,000 right there. Not to mention, the money he would have made doing guest appearances.
He made $800,000 a year just winning the Mr. Olympia. There is no reason why he couldn't have hit at least $1 million.
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Less than Seth Feroce?
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Less than Seth Feroce?
Way less!
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Wayne DeMilia stated it in the 2001 Mr. Olympia expo DVD by GMV.com.au.
Additionally, Phil earned $400,000 for winning the Mr. Olympia + that prize purse was matched by MuscleTech. So that was $800,000 right there. Not to mention, the money he would have made doing guest appearances.
He made $800,000 a year just winning the Mr. Olympia. There is no reason why he couldn't have hit at least $1 million.
After taxes about $650k minus his living expenses and whatever he blew his money on, minus losing half in a divorcee.
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Is Angie high maintenance? How would one know? They seem fine together (so far).
Phil tossed his wife aside when she got cancer. Might have to contribute to that fund as well if no medical insurance.
if that was the real reason why he left her, then it is a disgusting move.
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Is Lou Ferrigno worth 50 million dollars?
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Is Lou Ferrigno worth 50 million dollars?
He's worth at least $20.
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After taxes about $650k minus his living expenses and whatever he blew his money on, minus losing half in a divorcee.
I said that Phil earned $1 million to $1.5 million per year, pre-tax. I said nothing about taxes or living expenses.
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I said that Phil earned $1 million to $1.5 million per year, pre-tax. I said nothing about taxes or living expenses.
And I am saying his networth is not $8 million.
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And I am saying his networth is not $8 million.
He may have earned at least $5 million clear in his time as Mr. Olympia...whether or not he saved that much cash is another story.
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He may have earned at least $5 million clear in his time as Mr. Olympia...whether or not he saved that much cash is another story.
He had to spend money to live on didn't he?
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He had to spend money to live on didn't he?
Yes, and i suspect Phil was a baller.
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After taxes about $650k minus his living expenses and whatever he blew his money on, minus losing half in a divorcee.
There's no way he lost half in that divorce. Figures are trending away from extreme settlements, especially considering they didn't have kids together.
There's no great way to decipher what someone earns or their net worth based on what they do publicly, but he is a 7x mr olympia in the social media age. Bodybuilding has a limited window of opportunity, but having name recognition is something that is invaluable. It definitely seems like he's been focusing on setting himself up as a brand over the last year and a half.
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(http://i.postimg.cc/yYnLnpkt/MKNQSYDI4-FHV7-HJMRM6-TNGO4-OU.jpg)
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There's no way he lost half in that divorce. Figures are trending away from extreme settlements, especially considering they didn't have kids together.
In most states that is the law.
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In most states that is the law.
There are only a handful of community property states where that is the law. Phil did not live in any of those states and a pre-nup counteracts community property everywhere.
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Multi Olympia...its prob more. The majority of the money is made from Guest Posing...especially in Saudi Arabia
Nora chance - celebrity net worth RARELY is even close to accurate. They have zero verified assets/liabilities in their “estimates” ... the average retard doesn’t have a clue how net worth is calculated. The sum of ones earnings over a period of time is the WORST idea of calculating
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I could see Phil having earned $10 million thus far, I think $1.2m/year is a reasonable estimate for each Mr. O win. The problems I see for him are his divorce and his lifestyle. Who knows how much his wife took him for. And he seems to be living like someone who doesn't understand that he will only earn like this for a decade or so.
I think he's worth about $2 million
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(http://i.postimg.cc/yYnLnpkt/MKNQSYDI4-FHV7-HJMRM6-TNGO4-OU.jpg)
Flex used to have pictures exactly like this. How’s he doing? Retired with millions, right?
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Looks like most of the getbig geniuses, outside of a few, are trying to equate cash/income to net worth.
It's not the case.
That said, anyone making definitive statements about his net worth, has literally no idea.
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Phil is worth a billion easy. How dare you downgrade him to peasant status.
He is after all the most successful bodybalder in the world.
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There are only a handful of community property states where that is the law. Phil did not live in any of those states and a pre-nup counteracts community property everywhere.
Yes actually he did and still does, it is called Colorado.
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gift nutrition bombing must have put a big dent in his earnings, as he lost lucrative sponsors during his peak years.
not to mention the baller lifestyle he's tried to portray. that never ends well.
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gift nutrition bombing must have put a big dent in his earnings, as he lost lucrative sponsors during his peak years.
I don't think was even an owner of the company, just the paid face.
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What does Hany charge him?
J
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Yes actually he did and still does, it is called Colorado.
Colorado is an equitable distribution state, not a community property state. Assets are considered marriage property but are not necessarily divided equally. Like i said in my earlier post, judgments are trending away from excessive amounts especially in a case like theirs where there are no children together and her children from a previous relationship aren't minors.
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I don't think was even an owner of the company, just the paid face.
I think there was an issue where he lost his supplement sponsorship from weider I think for starting his own line
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Like i said in my earlier post, judgments are trending away from excessive amounts especially in a case like theirs where there are no children together and her children from a previous relationship aren't minors.
as they should be.
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(http://i.postimg.cc/yYnLnpkt/MKNQSYDI4-FHV7-HJMRM6-TNGO4-OU.jpg)
The run of the mill cars for a Hebrew, nothing interesting at. Have some originally at least besides a caddy, Mercedes, or Bentley
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The run of the mill cars for a Hebrew, nothing interesting at. Have some originally at least besides a caddy, Mercedes, or Bentley
blowing money on a Bentley just shows his arrogance and stupidity.
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He's worth at least $20.
According to Google, Lou Ferrigno is only worth 6 millions
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According to Google, Lou Ferrigno is only worth 6 millions
Hi Lou.
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According to Google, Lou Ferrigno is only worth 6 millions
Lou might be quietly balling. He just bought a 3 million dollar house. Also I remember from one of those "Lifestyles of the Rich and Famous" type programs, he had a small ranch / large piece of property in California, and a decent, but not outlandish car collection also.
I wonder if he's one of those guys that socked away a good amount of money in California real estate during the 70's, early 80's.
The house - https://www.latimes.com/business/real-estate/story/2019-09-13/original-tv-hulk-lou-ferrigno-buys-compound-near-pismo-beach .
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Lou might be quietly balling. He just bought a 3 million dollar house. Also I remember from one of those "Lifestyles of the Rich and Famous" type programs, he had a small ranch / large piece of property in California, and a decent, but not outlandish car collection also.
I wonder if he's one of those guys that socked away a good amount of money in California real estate during the 70's, early 80's.
The house - https://www.latimes.com/business/real-estate/story/2019-09-13/original-tv-hulk-lou-ferrigno-buys-compound-near-pismo-beach .
Ikr, fr, he might be worth a lot more than 6 millions, probably more like 50 millions
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Ikr, fr, he might be worth a lot more than 6 millions, probably more like 50 millions
If you’re worth $50mm you aren’t going to conventions selling photos and DVD’s.
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If you’re worth $50mm you aren’t going to conventions selling photos and DVD’s.
attention is worth more
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attention is worth more
Bro...
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If you’re worth $50mm you aren’t going to conventions selling photos and DVD’s.
Attention and Adoration of the masses is worth more!