What is Gareth Southgate's net worth? Old England salary and property portfolio with wife

After an eight-year tenure and 102 matches at the helm , Gareth Southgate has decided to step down as England manager.

The decision comes in the wake of England's 2-1 loss to Spain in the Euro 2024 final in Berlin on Sunday night, marking the country's second consecutive European Championship final defeat. With a record that includes reaching two Euros finals, a World Cup semifinal, and a World Cup quarterfinal, the 53-year-old will depart with an impressive resume of major tournament performances.

Southgate, whose contract with the English Football Association (FA) was set to expire this December, hinted at his departure in comments before the final. He said: "If we don't win, I probably won't be here anymore. Then it might be the last chance. I think about half the national team coaches leave after a tournament - that's the nature of international football."

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While some credit Southgate with transforming the mindset surrounding the England squad and surpassing expectations in significant competitions, others feel he fell short of leading a highly skilled team to ultimate success. By leaving his role now, Southgate avoids a severance package, but the FA could face financial implications if it opts for a high-profile successor, such as Newcastle's Eddie Howe.

What was Gareth Southgate's England salary?

Southgate was handsomely rewarded for his tenure as England's manager, with an annual salary of around £5 million ($6.5 million). This made him the highest-paid manager at this summer's Euros.

If England had clinched the competition, the team would have bagged some £23 million ($29.6 million) in prize money, with Southgate set to receive a substantial bonus. Despite finishing as runners-up, over £20 million ($26 million) has been secured in prize money.

This sum will be partially divided among the 26-man squad, with Southgate and his staff also receiving compensation from this pot based on performance.

What is Gareth Southgate's net worth?

Estimating Southgate's actual net worth can be challenging. According to data from 2020, Southgate's net worth was around £9 million ($11.7 million) including property assets and sponsorship deals, with his England contract subject to 45 percent income tax.

However, this figure has likely increased over the past four years due to his yearly salary, success with England in tournaments, and endorsements. In 2017, like many top-tier footballers and high-profile managers, Southgate established a company, FHS Promotions Limited, to manage his image rights. His wife, Alison, also serves as a director in this company.

The player or manager, by establishing an image rights company, sells their rights to the company itself. They then receive a fee directly from the club or national team for the use of their image rights.

From a tax perspective, this is advantageous as the money received is taxed at a 19 percent company rate, rather than being subject to the 45 percent tax rate that would be applied to players through the salary they receive from the club. For some players, these methods serve as a sort of savings account throughout their careers, allowing them to withdraw funds at a later date for investment in other areas in later life.

What is Gareth Southgate's property portfolio?

Southgate and his wife are also directors of a property company, MAS Investment Holdings Limited. The now ex-England manager also sits on the board of another property firm, Arundel Property Fund Management Limited, where former England cricketer Alec Stewart is a fellow board member.

Southgate is among many ex-footballers and celebrities who have invested in the British film industry via a limited liability partnership with Inside Track Productions.

Given his salary, endorsements, bonuses, and property portfolio, Southgate's net worth has likely almost doubled since it was last suggested. The former Aston Villa and Crystal Palace defender has been able to significantly increase his fortune during his tenure as England boss due to the profile and wealth it brought.