Alex Rodriguez's Net Worth is a Grand Slam
Alex Rodriguez may be retired from Major League Baseball but he has not retired from making money. After 22 seasons as a professional baseball player, Rodriguez has transitioned into a successful businessman, media star, and pop culture celebrity.
By most estimates, Alex Rodriguez’s net worth is in the $350 Million range in 2024. That places him the top 20 list of richest athletes net worth in Major League Baseball.
The Seattle Years
Rodriguez was 18 years old in 1993 when he signed his very first contract to play professional baseball. The Seattle Mariners offered him a 3-year deal worth $1.3 million and added a $1 million signing bonus. By 1996 he was the starting shortstop for the team and batted .358 for the season, hit 36 home runs and batted in 123 runs. In 1998 he became the third player in the history of Major League Baseball to hit 42 home runs in a season and steal 46 bases.
At the end of the season in 2000, Alex Rodriguez’s net worth increased when he signed a 10-year $252 million contract with the Texas Rangers. At that time it was the biggest contract ever awarded in Major League Baseball. In 2003 Rodriguez was named American League MVP, but in his years with the Rangers, the team never made the playoffs.
After his 2007 season with the Rangers ended, Rodriguez was traded to the New York Yankees. There was still $179 Million left on his contract with the Rangers. They agreed to pay him $65 Million and he will continue to receive payments on that amount through 2025. Alex Rodriguez signed a contract with the Yankees worth $275 Million. He stayed with the Yankees through his retirement at the end of the 2016 season, although he was suspended in 2014 over allegations of performance-enhancing drugs. Rodriguez denied using drugs during his time as a Yankee.
When figuring out Alex Rodriguez’s net worth, incorporate these totals from his baseball career:
- $425 Million earned in salary
- $21 Million earned in signing bonuses
- $4.3 Million in incentives
- $480 Million earned from baseball
Through baseball and successful business ventures Alex Rodriguez makes the list as the highest net worth athlete with a valuation of $350 Million. But compare that to one of the richest athletes of all time, Michael Jordan, who is worth $1.9 Billion.
Learn How to Catch Good Financial Opportunities.
The Wealthry Store Is Here to Help.
Baseball Awards
Throughout his career, Alex Rodriguez’s net worth was impacted by all of the baseball awards he won.
1996 – American League batting champion
1996 and 2002- Sporting News Major League Player of the Year
1996 and 2002- Silver Slugger Award for best hitting American League Shortstop
1991-98, 2000-2002- American League All-Star team
2002- Golden Glove Award
2002-Hank Aaron Award, American League-best offensive player
2002-Player of the Year by Player’s Choice
2003-Ted Williams Award for Major League’s top hitter in 2002
2008-Best Major League Player ESPY
Much like bodybuilder and actor turned politician Arnold Schwarzenegger, Rodriguez built his net worth by striving to be the best in sports and in other ventures.
Successful Investor
Even while he was playing baseball, Alex Rodriguez’s net worth was going up because of successful investments. In 1993 Rodriguez put a $48,000 down payment on a duplex in Miami. That was his first property, first investment, and the beginning of the A-Rod Corp. A-Rod is, of course, Rodriguez’s nickname. A-Rod Corp manages investments across the real estate, wellness and entertainment spectrums. The company is invested in a number of diverse businesses including construction, property management, fitness centers, health and wellness products and apparel, and content delivery.
Real Estate
The real estate sector of A-Rod Corp include Monument Capital Management which oversees more than $700 Million in real estate assets. Then umbrella also includes Newport Property Construction which designs, develops, and renovates commercial and residential real estate assets. This arm of the company also includes Petros Pace Finance, a company that finances clean energy projects.
Sports and Wellness
In the Sports and Wellness sector, A-Rod Corp includes the chain of UFC-branded fitness centers in Miami, Florida, and the surrounding Dade County area. Investments also include the TruFusion brand of workout spaces that encompass barre, Pilates, cycling, and bootcamp-style fitness. A-Rod Corp also invests in Energy Fitness which is a brand of luxury gyms primarily located in Mexico City. Alex Rodriguez encountered the brand Ice Shaker on Shark Tank and is invested in the company’s water bottles and shaker cups that stay cold for hours. Also included in the portfolio is the Niyama Sol brand of athleisure wear. The products are made from sustainable plastic bottles.
Entertainment
In the entertainment world, A-Rod Corp was an early investor in NRG eSports which offers content for gamers. Through multiple platforms, NRG eSports offers gamers access to competitive eSports as well as channels with specific gaming content.
Rodriguez is an investor in Sonder which is a network of luxury properties around the word that are available for rent. He is also an investor in Acorns, an app that allows people to invest their spare change. Acorn rounds up purchase amounts on linked debit and credit cards and invests that money. Rodriguez promotes the uses of the Acorns app around Major League Baseball as a tool for convincing players with large contracts to invest some of the money they make and not just use it for extravagant purchases.
Cheers!
Rodriguez is also the Co-Owner and Chairman of Presidente Beer. Presidente is a brand that hails from the Dominican Republic and is owned by Anheuser-Busch. Rodriguez is the son of Dominican immigrants and says his father and much of his community growing up felt like Presidente was their special beer.
Rodriguez says he will work to grow the brand in the United States by introducing it to more beer drinkers who have never tried it. And he thinks it is an important quality issue for Presidente to taste the same in the U.S as it does in the Dominican Republic.
Keeping Busy
In addition to his business dealings, Alex Rodriguez’s net worth is increasing thanks to his jobs in the entertainment industry. He has appeared as a guest shark on Shark Tank. He works as a baseball analyst for Fox Sports and he is a contributor to ABC News and CNBC. Rodriguez and his team at Fox Sports have won an Emmy Award. Alex Rodriguez’s net worth rises every time he signs a new broadcasting contract.
Endorsements
Alex Rodriguez’s net worth rose during his endorsement deal with Nike during his playing days. It’s estimated he was paid about $1 Million a year for that contract. His work with Nike ended after the season he was suspended during a scandal involving performance-enhancing drugs. In his years both on and off the diamond, Rodriguez has had lucrative endorsement contracts with Pepsi, Modell’s, and Colgate-Palmolive. It‘s estimated that Alex Rodriguez’s net worth grew by $35 Million through endorsement deals.
Other Things He Spends Money On
In 2007 Rodriguez purchased a Gulfstream IV Jet that seats 14 people.
In 2010 he paid $7.4 Million for land in Miami. He had a custom-built mansion added to the property and sold it in 2013 for $30 Million.
Rodriguez actually lost money on a home in California. He paid $4.4 Million to actor Meryl Streep to buy it in 2014. He sold it for $400,000 less than that a few years later.
He loves art and has amassed quite a collection in his Florida home. Some of his favorite artists include Andy Warhol, Jean-Michel Basquiat, and Nate Lowman. One of his Loman paintings is worth $140,000.
In 2018 Rodriguez and Lopez traveled to Puerto Rico to donate $2 Million in hurricane relief after Maria rolled through wind devastating wind and rain.
Conclusion
Alex Rodriguez built his net worth by capitalizing on an exceptional baseball career and making sound business decisions that will support him now that he no longer plays the game. Rodriguez signed contracts that were some of the biggest at the time when he was playing. But since his rookie season, he has also run his own company that manages investments.