Red Gerard Net Worth
Red Gerard is an American snowboarder who made headlines around the world when he won gold for Team USA at the 2018 Winter Olympics in Pyeongchang, South Korea. At just 17 years old at that point in time, his triumph stunned everyone; beating competitors who were 10 years older was truly astonishing and marked one of the most amazing Olympic wins ever witnessed in recent history.
Gerard Red is from Ohio, but his family relocated to Colorado so that he could focus on honing his snowboarding skills. They even built a terrain park in their backyard for training purposes – it paid off as Red became the youngest Winter Olympic gold medalist since 1928 and first male Winter Olympia medalist born after 2000!
His family’s fortune stems from their business investments. Clayton owns two telecommunication companies called MNSi Telecom and Nexicom that total over $2.9 billion CAN combined in total market capitalization. Meanwhile, his brother works as an investment advisor through Klingman & Associates, LLC which manages almost $3 billion worth of client assets for executives, entrepreneurs, professional athletes, and other high-net worth individuals.
Red’s main source of income comes from his successful career as a professional snowboarder, earning significant sums through sponsorships and endorsement deals as well as appearing in television shows and films – thus increasing his net worth significantly over time.
Gerard has amassed significant earnings from both sports and real estate industries. He owns properties in Silverthorne, Colorado and New York City and invested in various technology businesses like blockchain and cryptocurrency – not forgetting being part of The Blackstone Group as a partner firm.
Red’s net worth is estimated to be approximately $1 Million as of this writing; however, his fortune can quickly change depending on his performance and other factors.
Red likely still has several years left in his competitive snowboarding career, so his net worth may grow substantially over time. Should he win any additional Olympic medals (Business Insider reports that Olympic medalists receive bonuses of $25,000 for gold medals won, $15,000 for silver, and $10,000 for bronze), Red’s winnings may skyrocket further; Business Insider indicates Olympic medalists receive an added monetary boost when winning another medal (see table for additional info on bonuses from Olympic medalists here) — meaning another victory could see him double his gold medal count come 2022 if his gold tally doubles with yet another gold win if another gold medal win comes his way.