Arik Armstead Net Worth 2024: How rich is the 49ers defensive end?

Arik Armstead is an American footballer who plays defensive end for the San Francisco 49ers of the NFL. He was born on November 15, 1993, in Sacramento, California, and is 29 years old. Armstead studied at Pleasant Grove High School in California. Later, he attended the University of Oregon and played college football for their team, the Oregon Ducks. He has a brother named Armond Armstead, who played college football at USC and then in the Canadian Football League.

Armstead played 13 games for the Ducks in his freshman year in 2012, finishing with 26 tackles and a half sack. During his sophomore year, he played in 13 games and recorded 15 tackles and one sack. Moreover, he also played for Oregon’s basketball team but decided to focus on football instead. He entered the Draft in 2015, and the San Francisco 49ers signed him in Round 1 as their 17th pick.

During his rookie year, Armstead had to wait a while to get started as the Oregon school year had yet to be concluded. When he got his chance, Armstead found himself behind Quinton Dial, Glenn Dorsey, and Cornellius Carradine. He made his debut in the season opener against the Minnesota Vikings and recorded one tackle for loss, though they won 20-3. Arik Armstead finished his rookie year with 19 combined tackles and two sacks in 16 games.

In 2016, the 49ers hired Armstead’s former Oregon coach, Chip Kelly. It wasn’t a great year, as he had to undergo shoulder surgery and sit out the season. Similarly, he only had limited time in 2017, playing only six games. However, his fortune turned for the better the following year. 2018 became his best season as a back since his debut, as he recorded 48 combined sacks (33 solo) and 15 assists. Since then, he played 49 games in three seasons and made a combined total of 166 sacks, with the best coming in 2021 (63).

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What is Arik Armstead’s net worth in 2023?

Arik Armstead’s net worth in 2023 is $30 million. Besides playing football, Armstead participated in Chess.com’s BlitzChamps. He married his wife, Melinda Armstead, in 2020. In a short span of time, Armstead has amassed a massive fortune.

Contracts and salary

He had recently extended his contract for five more years in 2020 with the 49ers, worth $85 million, which includes $48.5 million guaranteed.

Armstead, every month, earns around half a million and close to $3.5 million every year. Throughout his career, Armstead only took the field for the 49ers.

Bonuses

When he signed the $85 million extension with the 49ers, he received $3,500,000 as a signing bonus. His base salary in 2023 is $15.8 million, with a workout bonus of $100,000.

Endorsements

Armstead has had various endorsements as a professional footballer. He has appeared in several commercials, such as those for Jeep-Fernley and McDonald’s. Moreover, he even made Chicago Deep Dish Pizza while partnering with the Chicago Fire, according to his website.

Investments and Business

Arik Armstead is a philanthropist and believes in giving children the education they deserve. To see his dream come true in 2015, Armstead started the Arik Armstead Football Camp, which later evolved into the Armstead Academic Project in 2019. They support children in Sacramento, California, regardless of their backgrounds, to get the best education possible.

In 2020, Armstead pledged $50,000 of his own money and raised more than $200,000 with Bayside Church to donate to the Mercy Housing Learning Program. It helped 350 students continue distance learning during the pandemic by providing them with Chromebooks and at-home internet for a year. When the pandemic hit, the students, whom he had grown close to, were unable to set foot outside of the house due to restrictions. Schools remained closed, and the children weren’t able to get access to education. More than 95% of students at Leataata Floyd also qualified for free meals. So Armstead decided to help them, in collaboration with the town council.

He also hosts a charity gala where he invites his 49ers teammates to raise money for his foundation. Moreover, Armstead also organized the 91six Health Fair, which provided guidance for dental and nutritional wellness. For his continuous work for the betterment of Scramento’s children and education, the mayor of Sacramento, Darrell Steinberg, presented Arik Armstead with the keys to the city this year.

Car Collection

While there isn’t much information about how many cars Armstead owns, there’s one video that suggests he gifted his father a Cadillac Suburban on Father’s Day. According to him, Arik wanted to show his gratitude to the people who have done so much for him throughout his life.

Arik Armstead’s wife, Melinda Armstead’s net worth

Melinda Armstead is a doctor (MD) who practices Child and Adolescent psychiatry. She became famous when she married Arik on June 22, 2020, in Santa Barbara. The pair have two daughters. Not much is known about her earnings, but she is still an active practitioner.

Melinda has been there when Arik needed her the most. She was with him when the 49ers reached the Super Bowl, and she stayed by his side when Arik was rehabbing from a hairline fracture in 2022.

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