Mario Lemieux, widely known as “Le Magnifique” and “Super Mario,” is one of the most iconic figures in hockey history. His remarkable career, both as a player and as an owner, has helped him amass an estimated net worth of $200 million. Through his 17-season NHL career, investments, and ownership of the Pittsburgh Penguins, Lemieux has created an enduring legacy in the world of hockey and business.
Early Career and Lucrative Contracts
Lemieux began his NHL journey in 1984, signing a two-year contract with the Pittsburgh Penguins worth $600,000, along with a $150,000 signing bonus. Recognizing his immense talent, the Penguins extended his contract in 1986, signing him to a five-year deal worth $3.25 million.
However, his most significant contract came in 1992, when he signed a seven-year guaranteed deal worth $42 million, making him one of the highest-paid hockey players of his time. His extraordinary skills on the ice justified every penny, as he consistently ranked among the league’s top performers.
Saving the Pittsburgh Penguins from Bankruptcy
While Lemieux’s playing career brought him fame, his financial acumen made him a legendary figure off the ice. By 1999, the Penguins were in deep financial trouble, owing him $32.5 million in deferred salary. Rather than taking legal action against the team, Lemieux converted $20 million of his owed salary into equity, effectively becoming a majority owner of the franchise.
He partnered with billionaire Ron Burkle and John Surma to purchase the team for $107 million, successfully steering the Penguins out of bankruptcy. His leadership and financial expertise turned the franchise around, paving the way for multiple Stanley Cup victories in the years to come.
Penguins’ Sale and Continued Ownership
In November 2021, the ownership of the Pittsburgh Penguins transitioned when Fenway Sports Group acquired the team from Lemieux and Burkle. The sale was valued at approximately $900 million, significantly boosting Lemieux’s financial portfolio. However, Lemieux and Burkle retained partial ownership, ensuring their continued influence over the team’s operations.
Endorsements and Business Ventures
Apart from his earnings from hockey, Lemieux also benefited from endorsements. In 2000, he signed a $500,000 endorsement deal with Nike, further adding to his wealth. Over the years, he has also been involved in various business ventures, helping solidify his status as a successful entrepreneur.
Real Estate Investments
Lemieux’s financial success extends to real estate investments. One of his most notable properties is “Château Fleur de Lys” in Quebec, a mansion valued at $22 million.
The luxurious property features:
- 17,000 square feet of living space
- 50 rooms and 17 fireplaces
- 5.25 acres of land
- A wine cellar, spa, and four garages
Although he has attempted to sell the mansion, it remains one of the most extravagant real estate properties in Canada.
Overcoming Cancer and Cementing His Legacy
Lemieux’s legacy is not just defined by his financial success but also by his incredible resilience on the ice. In the 1992-93 NHL season, he was on pace to break Wayne Gretzky’s records of 92 goals and 215 points in a single season. However, on January 12, 1993, he was diagnosed with Hodgkin’s lymphoma.
Despite undergoing intensive radiation treatment, Lemieux made a miraculous comeback to hockey on the same day as his final radiation session. He played against the Philadelphia Flyers, scoring a goal and an assist in a 5-4 loss. The Philadelphia crowd, known for its hostility, gave him a standing ovation, acknowledging his remarkable strength and determination.
After the 1997 playoffs, Lemieux announced his first retirement, scoring a goal in his final game and receiving another standing ovation from the Flyers fans. However, his love for the sport saw him return to the ice in 2000, where he played a few more seasons before officially retiring in 2006.
The Lasting Impact of Mario Lemieux
Mario Lemieux’s journey from hockey superstar to successful businessman is nothing short of extraordinary. His contributions to the Pittsburgh Penguins, both as a player and as an owner, have shaped the team into one of the most dominant franchises in NHL history.
Even after his retirement, his strategic investments, business acumen, and passion for the sport continue to influence hockey today. With a net worth of $200 million, Lemieux stands as a testament to perseverance, smart financial management, and a deep love for the game.
Whether as a legendary player, team owner, or entrepreneur, Lemieux’s name will forever be associated with greatness in the hockey world.