Joe Paterno is a colleage football coach for the Penn State Nittany Lions and has a net worth of $10 million. Joe Paterno accumulated his net worth through his years as an assistant coach and head coach for Penn State, with the most wins in the bowl than any other coach in the history of college football. He was born in Brooklyn, New York U.S.. 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 is entitled to 100% of the average of his three highest salary years which will equal 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.