Arizona Cardinals linebacker Devon Kennard has had his share of financial success in the NFL so far in his career. In six NFL seasons so far, he had earned more than $15.6 million in salary and bonuses, according to Spotrac. He signed a three-year, $20 million contract with the Cardinals after he was released by the Detroit Lions with one year remaining on his contract with them.
He has made it longer than the average NFL player and hopes to play for many more years, but he doesn’t want to just make money from his time in the NFL.
Kennard is becoming a bit of a real estate mogul and, according to a feature on him by Forbes, Kennard has amassed “a multimillion-dollar portfolio that he says has averaged an impressive 8% to 12% return.”
He owns “14 properties himself and is invested in 16 other real estate deals spanning single- and dual-family properties, hotels, senior living centers, commercial buildings, apartment complexes, business loans, syndications and funds,” located in Arizona, Kansas City and Ohio.
He entered the NFL with a goal to play 10 years. He will have played nine when his contract with the Cardinals is up. He turns 29 years old this month. He has had success in the NFL and is expected to be an impact player on the Cardinals defense this coming season, playing opposite Chandler Jones at outside linebacker.
However, he is setting himself up to not only make a lot of money now when he is young but also to make a lot of money his entire life.
The Arizona native and son of former Arizona Cardinals offensive lineman Derek Kennard is setting himself up for financial freedom for him and his family for years to come.
“My goal is to continue to grow, and I want to become a big real estate mogul when I’m done playing,” Kennard says. “I’m starting to build up to that now. And when I’m done playing in the NFL, that’s when I’ll go all in.”
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Ep. 268
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Ep. 267
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