By Henry Ruggs Net Worth, Henry Ruggs III is a former NFL wide receiver who gained fame for his speed and potential on the field. Drafted by the Las Vegas Raiders in the 2020 NFL Draft as the 12th overall pick, Ruggs signed a four-year contract worth $16.67 million, which included a $10 million signing bonus. He was seen as one of the most promising young talents in the NFL.
However, his career took a drastic turn due to a tragic car accident in November 2021, which has since made his financial situation and net worth a topic of public interest.
As Per My Research In 2024, Henry Ruggs’ net worth is estimated at $4 million. Despite his promising start in the NFL, the fallout from the accident and subsequent legal issues have significantly affected his earnings. Before his career was cut short, Ruggs had accumulated around $11 million in total career earnings, though legal fees, contract clawbacks, and other expenses have reduced this amount.
In addition to his football career, Henry Ruggs’ personal life has also attracted attention. He was born in Montgomery, Alabama, on January 24, 1999, and was a multi-sport athlete in high school. His family life and background in sports played a significant role in shaping his path to the NFL. However, the tragic accident and his 3-10 year prison sentence in August 2023 have shifted the focus away from his athletic achievements to his legal troubles and financial future.
Henry Ruggs’ Personal Life
| Category | Details |
| Full Name | Henry James Ruggs III |
| Date of Birth | January 24, 1999 |
| Place of Birth | Montgomery, Alabama, USA |
| High School | Montgomery Catholic Preparatory School |
| College | University of Alabama |
| Family | Known to have a close relationship with his mother |
| Athletic Background | Played football, basketball, and track in high school |
| Significant Other | Long-term girlfriend Rudy Washington |
| Children | Has a daughter |
| Tragic Event | Involved in a fatal car accident in November 2021 that led to his prison sentence |
Henry Ruggs Net Worth Information
| Category | Details |
| Net Worth (2024) | $4 million |
| NFL Contract | 4-year contract worth $16.67 million |
| Signing Bonus | $10 million |
| Amount Earned After Contract Voiding | $4.73 million |
| Total Career Earnings | $11 million |
| Take-home Pay (after taxes and fees) | Approximately $2.85 million |
| Financial Impact | $6 million of signing bonus clawed back after Raiders released him |
| Current Status | Facing a 3-10 year prison sentence following the fatal car crash in 2021 |
Early Life and Career Beginnings
Henry Ruggs III was born on January 24, 1999, in Montgomery, Alabama. Growing up in a sports-loving environment, Ruggs quickly developed a passion for athletics. He attended Montgomery Catholic Preparatory School, where he excelled in multiple sports, including football, basketball, and track. Ruggs was especially known for his speed, which set him apart from his peers.
In high school, Ruggs was a standout football player. His remarkable performances on the field earned him recognition as one of the top recruits in Alabama.
Beyond football, Ruggs was also a talented basketball player and set school records in track, further showcasing his athleticism. His achievements in high school sports eventually paved the way for his college career at the University of Alabama.
At Alabama, Ruggs continued to shine as a wide receiver. During his three years with the Crimson Tide, he became a key player for the team. His speed and ability to make big plays helped Alabama secure multiple victories, including the 2018 College Football Playoff National Championship.
By the end of his college career, Ruggs had amassed 1,716 receiving yards and 24 touchdowns, establishing himself as one of the top prospects for the NFL Draft.
NFL Career
In 2020, Henry Ruggs III was selected by the Las Vegas Raiders as the 12th overall pick in the NFL Draft. This made him the first wide receiver chosen that year, highlighting the high expectations placed on him by the Raiders.
Shortly after being drafted, Ruggs signed a four-year contract worth $16.67 million, which included a $10 million signing bonus. His rookie season in the NFL saw him display flashes of his potential. He finished the 2020 season with 46 receptions for 703 yards and 4 touchdowns. His ability to stretch the field with his speed made him a valuable asset for the Raiders’ offense.
In 2021, Ruggs’ second season started well, with 24 catches for 452 yards and 2 touchdowns in just 10 games. However, his season and career were tragically cut short by the car accident in November 2021, which led to his immediate release from the team. During his time with the Raiders, Ruggs earned approximately $4.73 million of his contract before it was voided following the accident.
Ruggs’ potential as a top NFL wide receiver was undeniable, but his career was overshadowed by the tragic events that ended his time in the league.
Henry Ruggs Net Worth
As Per My Research In 2024, Henry Ruggs’ net worth is estimated at $4 million. This amount comes mostly from his short but well-paid NFL career, which ended after a tragic car accident in November 2021.
NFL Contract and Earnings
In July 2020, Ruggs signed a four-year, $16.67 million contract with the Las Vegas Raiders, including a $10 million signing bonus. This contract had the potential to increase his wealth significantly, especially since he played in Nevada, a state with no state income taxes.
After the Raiders released Ruggs following the accident, about $6 million of his signing bonus was taken back. This means he kept only around $4.73 million from the contract.
Taxes and Expenses
Because Nevada doesn’t have state income taxes, Ruggs saved money compared to players in other states. After paying federal taxes, agent fees, and other costs, his take-home pay was estimated to be about $2.85 million. This doesn’t include his legal fees and other costs from the accident.
Total Career Earnings
Ruggs earned around $11 million in total during his time with the Raiders. This includes his base salaries, signing bonus, and incentives. However, his earnings were greatly reduced after his contract was voided due to his legal troubles.
Henry Ruggs’ financial future was affected by the November 2021 accident and the 3-10 year prison sentence he received. His current net worth remains around $4 million.
Conclusion
Henry Ruggs III had a promising start to his NFL career, with the potential to build significant wealth through his talent and contracts. However, his involvement in the tragic car accident in November 2021 dramatically changed his career and financial future.
Despite signing a lucrative $16.67 million contract with the Las Vegas Raiders, his net worth currently stands at $4 million, affected by legal fees, the voiding of his contract, and the 3-10 year prison sentence he received in August 2023.
Ruggs’ story serves as a reminder of how quickly a promising career and financial stability can be lost due to poor decisions. While he achieved considerable earnings during his short time in the NFL, the accident and its aftermath have overshadowed his early success.
