Joe Paterno Net Worth
Joe Paterno net worth: Joe Paterno was an American college football coach for the Penn State Nittany Lions and had a net worth of $10 million. Joe Paterno accumulated his net worth through his years as the head coach for Penn State. He was born in Brooklyn, New York on December 21, 1926. During his career, he had bowl wins than any other coach in the history of college football. Paterno was fired from Penn State in November 2011 amid the scandal involving the a former assistant coach Jerry Sundusky's child rape allegations. According to the Pennsylvania State Employee Retirement System, thanks to his 60 years of service to the University Paterno was entitled to 100% of the average of his three highest salary years which was equal to roughly $550,000 per year for the rest of his life. At the peak of his coaching career Joe Paterno earned an annual salary of $568,000. On January 22nd, 2012 Joe Paterno died from lung cancer at the age of 85.