Andre Agassi Net Worth - Pulptastic
What is Andre Agassi’s Net Worth?
Former American tennis player Andre Agassi has a net worth of $145 million. He was ranked number one in the world and is one of two male tennis players to have won a Career Golden Slam. Agassi has also founded the Andre Agassi Charitable Foundation, which focuses on helping at-risk children in Nevada and provides funding for a K-12 charter school.
Early Life and Tennis Career
Andre Agassi was born in Las Vegas, Nevada, in 1970 to Emmanuel “Mike” Agassi and Elizabeth “Betty” Agassi. He showed early promise in tennis, winning the National Indoor Boys 14s Doubles Championship at the age of 12.
At 13, Agassi was sent to Nick Bollettieri’s Tennis Academy in Florida, where he was meant to stay for only three months due to financial constraints. However, Bollettieri was impressed with Agassi’s skills and offered him a free scholarship. Agassi dropped out of school in the ninth grade to pursue a full-time tennis career.
Andre Agassi’s Tennis Career
Andre Agassi turned pro in 1986 at 16 and quickly became a dominant force in men’s tennis, winning over $2 million in prize money by 1988. Along with Pete Sampras, Agassi dominated the sport in the 1990s. He won a total of eight Grand Slam titles, the Career Grand Slam, and the Career Golden Slam. He was also part of the winning Davis Cup teams in 1990, 1992, and 1995. Agassi was the first men’s tennis player to win four Australian Opens and to win all four Grand Slam tournaments on three different court surfaces. He was also the World No.1 for the first time in 1995.
Despite personal issues that caused him to fall to No. 141 in 1997, Agassi made a comeback and was No. 1 again in 1999. The next four years were the most successful of his career. In 2005, Agassi made it to the finals of the U.S. Open at the age of 35, but lost to Roger Federer. He officially retired in 2006 after losing in the third round of the U.S. Open, due to ongoing back problems.
Agassi and Graf’s Business Ventures
In addition to his successful tennis career, Andre Agassi also ventured into business. Along with his wife Steffi Graf, they formed a company called Agassi Graf Holdings. One of their investments was in a nightclub at Caesars Palace called Pure, which opened in 2004. However, they eventually sold their stake in Pure to Angel Management Group in 2010.
Another business venture that Agassi and Graf entered into was with high-end furniture maker Kreiss Enterprises. They launched a furniture line called the Agassi Graf Collection in August 2006.
Andre Agassi’s Philanthropic Efforts
In 2001, Andre Agassi established the Andre Agassi College Preparatory Academy in Las Vegas. The school is a charter school that offers free tuition to at-risk children in the area. Agassi personally donated $35 million to the school, which has a 100 percent graduation rate and expects a 100 percent college acceptance rate.
Agassi also supports Child Haven, the only residential facility for abused and neglected children in Las Vegas. He donated funding to Child Haven in 1997 for a six-room classroom building, which is now called the Agassi Center for Education. His foundation also provided $720,000 to assist in building the Andre Agassi Cottage for Medically Fragile Children. This facility, which opened in 2001, provides comprehensive care for children who require physical and developmental care, or who arrive with injuries or contagious illnesses.
Agassi’s Personal Life and Charitable Work
Agassi had dated Barbra Streisand and married Brooke Shields, but in 2001 he married retired tennis player Steffi Graf. They have two children and reside in Las Vegas, where Agassi founded the Andre Agassi Charitable Association in 1994. He was awarded the ATP Arthur Ashe Humanitarian award in 1995 and is known for his charitable work, especially in helping disadvantaged youth. His Boys & Girls Club serves 2,000 children and has a world-class junior tennis team, basketball program (Agassi Stars), and encourages a mix of academics and athletics.
Agassi’s Earnings and Endorsements
Andre Agassi earned more than $30 million in prize-money throughout his career, landing him in sixth place overall among the highest earners in tennis history. As of May 2018, only Djokovic, Federer, Nadal, Sampras, and Murray have earned more than Agassi. Additionally, Agassi was ranked fourth in all sports for earning over $25 million per year through endorsements during his career.
Agassi and Graff’s Former Tiburon Mansion
Andre Agassi and Steffi Graff previously lived in a 10,000 square-foot Tiburon mansion in Marin County, California, which they purchased in 2001 for $23 million. The property spanned across 3.5 acres and included a 2,500 square-foot guest house for staff, two swimming pools, three spas, a hot tub, a cold plunge, a stream, and a hydrotherapy waterfall.
Agassi listed the home for sale in 2007 for $24.5 million and eventually sold it for $20 million to Stuart Peterson, the manager of a hedge fund called Artis Capital. Artis and Sequoia Capital had given $11.5 million in venture funding to the founders of YouTube in 2005, and three months before buying the Tiburon property, Google purchased YouTube for $1.65 billion in Google stock. Artis received 176,621 shares of Google from the deal, which were worth $83 million at the time of the deal closure. Had Artis held on to those shares, they would be worth over $400 million today.
After purchasing the property, Stuart and his wife filed plans to completely raze the entire property and construct a 20,000+ square-foot multi-structure compound with views of the Golden Gate. The current value of the property is estimated to be between $60-80 million.
