Folarin Balogun is one of the most exciting young strikers in European football right now.
The American forward has gone from Arsenal’s academy to scoring Champions League goals for AS Monaco, building real wealth along the way.
This article covers everything you need to know about Folarin Balogun’s net worth — his salary, contract value, career earnings, and more.
Folarin Balogun’s Biography
| Field | Details |
|---|---|
| Full Name | Folarin Jerry Balogun |
| Date of Birth | July 3, 2001 |
| Age | 24 years old |
| Birthplace | Brooklyn, New York, USA |
| Nationality | American (eligible for England and Nigeria) |
| Height | 5 ft 10 in (178 cm) |
| Position | Striker / Centre-Forward |
| Current Club | AS Monaco (Ligue 1) |
| Turned Professional | February 2019 (Arsenal) |
| Net Worth | ~$10 million (estimated) |
| Weekly Salary | ~£46,932 (~$62,925) |
| Annual Salary | ~£2.4 million (~$3.2 million) |
| Contract Expiry | June 30, 2028 |
| @folarin |
Early Life & Career
Folarin Jerry Balogun was born on July 3, 2001, in Brooklyn, New York. His Nigerian parents — father Ben and mother Florence — were visiting New York when Florence was heavily pregnant.
The airline refused to let her fly back to London, and Balogun arrived sooner than expected. Florence returned to England with the family just two months after his birth.
Growing up in London, Balogun developed his game on the streets and in Sunday League football.
He joined Arsenal’s Hale End academy at the age of eight, after being scouted while playing for his local side Aldersbrook.
Remarkably, he had previously trialled with North London rivals Tottenham Hotspur before choosing Arsenal, a decision that set the foundation for everything that followed.
In his youth years, Balogun was already turning heads. In 2017, he played a key role in Arsenal’s U16 side that won the Liam Brady Cup — beating Bayern Munich, Manchester United, and Juventus along the way.
As a child, he drew inspiration from strikers like Edinson Cavani and Robert Lewandowski, two of the most complete No. 9s in the modern game.
He signed his first professional contract with Arsenal in February 2019. From that point, his journey toward the top of European football had officially begun.
Professional Career
Balogun made his senior Arsenal debut on October 29, 2020, coming off the bench in a Europa League group stage match against Dundalk.
He scored his first senior goal just weeks later against Molde. In 2021, he signed a new long-term contract with Arsenal, showing the club believed in his potential.
But first-team minutes at Arsenal were hard to come by. He went on loan to Championship side Middlesbrough in January 2022, where he scored three goals in 18 league appearances. Then came the move that changed everything.
In August 2022, he joined Ligue 1 club Stade de Reims on loan — and exploded. Balogun scored 21 goals in Ligue 1 that season, finishing as the fourth-highest scorer in the entire league.
He was the highest scorer among all players aged 21 and under across Europe’s top five leagues.
Those numbers forced Arsenal’s hand. After returning to north London briefly, he completed a permanent transfer to AS Monaco in August 2023 for a reported fee of €30 million, rising to €40 million with add-ons.
He has since become a key player for Monaco, scoring Champions League goals and putting together an outstanding run of form in Ligue 1.
By April 2026, he had scored 8 consecutive league goals — just one away from tying the 21st-century Ligue 1 consecutive scoring record.
On the international front, he committed to the United States in May 2023, having previously represented England at youth level.
He has since earned 25 senior caps and scored 8 international goals for the USMNT, including a goal in the 2023 CONCACAF Nations League final victory over Canada and two goals at the 2024 Copa América.
Folarin Balogun’s Net Worth Details
As of 2026, Folarin Balogun’s has an estimated net worth of $10 million.
He built this wealth through his professional soccer contracts at Arsenal, Reims, and AS Monaco, combined with growing endorsement income and international bonuses with the USMNT.
Contract
Balogun signed a five-year contract with AS Monaco in August 2023, running through June 30, 2028.
According to Capology’s salary tracking data, the deal carries an estimated gross value of around €23 million over its remaining term, with Monaco also holding a transfer add-on structure built into the original deal from Arsenal — which included a 17.5% sell-on clause for the Gunners.
Salary
According to Goal.com’s salary breakdown, Balogun earns approximately £46,932 per week (~$62,925), translating to an annual income of around £2.4 million (~$3.2 million) at Monaco.
Earlier Capology estimates for the 2024–25 season placed his gross annual base salary at approximately €5.75 million, or €110,577 per week, though these figures include performance bonuses and vary by source.
Based on available data, his base weekly salary is confirmed to be in the range of £36,000–£47,000 per week.
Career Earnings By Year
| Season | Club | Estimated Annual Salary |
|---|---|---|
| 2019–20 | Arsenal | ~£500,000 |
| 2020–21 | Arsenal | ~£600,000 |
| 2021–22 | Arsenal / Middlesbrough (loan) | ~£700,000 |
| 2022–23 | Reims (loan) | ~£700,000 |
| 2023–24 | AS Monaco | ~£1.9 million |
| 2024–25 | AS Monaco | ~£2.4 million |
| 2025–26 | AS Monaco | ~£2.4 million |
Career Statistics
| Club | Season | League | Apps | Goals | Total Apps | Total Goals |
|---|---|---|---|---|---|---|
| Arsenal | 2020–21 | Premier League | 0 | 0 | 6 | 2 |
| Arsenal | 2021–22 | Premier League | 2 | 0 | 4 | 0 |
| Middlesbrough (loan) | 2021–22 | Championship | 18 | 3 | 20 | 3 |
| Reims (loan) | 2022–23 | Ligue 1 | 37 | 21 | 39 | 22 |
| Monaco | 2023–24 | Ligue 1 | 29 | 7 | 32 | 8 |
| Monaco | 2024–25 | Ligue 1 | 13 | 4 | 16 | 4 |
| Monaco | 2025–26 | Ligue 1 | 26 | 12 | 39 | 18 |
| Career Total | — | — | — | — | 162 | 60 |
USMNT International Stats
| Year | Caps | Goals |
|---|---|---|
| 2023 | 8 | 3 |
| 2024 | 9 | 2 |
| 2025 | 6 | 3 |
| 2026 | 2 | 0 |
| Total | 25 | 8 |
FAQs
What is Folarin Balogun’s net worth?
Folarin Balogun’s estimated net worth is $10 million. He earned this through professional contracts at Arsenal, Reims, and AS Monaco, along with growing endorsement income.
How much does Folarin Balogun earn per week at Monaco?
Balogun earns approximately £46,932 (~$62,925) per week at AS Monaco, which adds up to roughly £2.4 million annually, based on his current five-year contract running through 2028.
How much did Monaco pay for Folarin Balogun?
Monaco signed Balogun from Arsenal for an initial fee of €30 million ($32.5 million), with add-ons that could take the total to €40 million ($43 million).
How many goals has Folarin Balogun scored in his career?
Balogun has scored 60 goals in 162 total club appearances across all competitions, including 21 Ligue 1 goals on loan at Reims and 18 total goals for Monaco in the 2025–26 season.
What nationality is Folarin Balogun?
Balogun holds American citizenship and plays for the United States Men’s National Team. He was born in Brooklyn, New York, raised in London by Nigerian parents, and was eligible to represent England, Nigeria, or the USA. He officially committed to the USMNT in May 2023.
