CPA wrote:
Few million at least
I'm curious how you get to "a few million?" He had a nice long professional career (2007 - 2016), but the peak earning window was much shorter: 2009 - 2013, before which he was likely on a living expenses type contract, and after which signed with a 3rd tier sponsor. Let's suppose that for 5 years he had an average top line earnings of $500K, you have to net out taxes, agent fees, support staff & professional services, and the generally high cost of living on the road for a significant part of the year. It seems generous to assume he saved more than $100K / year through that window (and not much at all from 2007-08 & 2014 -) from running.
Sure he has side businesses and engagements. This is in no way meant to be insult, but he wouldn't have netted any positive cash flow from Run Gum at this point. Having friends who have launched consumer product brands, I have seen how any and all excess cash flow has to be reinvested right back into the business if you they want to see growth (i.e. survive). Inventory alone is a major cash suck (as reference read Shoe Dog by Phil Knight and you'll see how many times Nike almost ran out of cash prior to their IPO).
This is a long winded way of saying, I doubt Nick has a ton of cash in the bank. His current to medium term net worth likely depends on whether Run Gum can take off (I don't have the sense that it has yet).
I have huge respect for his entrepreneurial ambitions. I do hope it succeeds!