Former Major League Baseball player Alex Rodriguez has built up quite an impressive net worth in 2021, and now he is reportedly finalizing a deal with billionaire Marc Lore to purchase the Minnesota Timberwolves.
While it may be a little surprising to see a former MLB player make a deal to purchase an NBA team, the former shortstop who played for the Seattle Mariners, Texas Rangers, and New York Yankees is certainly capable of owning a team.
Alex Rodriguez’s net worth in 2021 (estimate): $350 million
According to CelebrityNetWorth.com, Rodriguez has a net worth of approximately $350 million. According to The Sun, the 45-year-old made approximately $450 million throughout his baseball career, which spanned 22 seasons, with his earnings coming from a combination of his salary, bonuses, and endorsements. At one point during his time as a pro baseball player, he was earning around $33 million annually.
Rodriguez began his pro baseball career as a highly touted prospect and was selected by the Mariners with the first overall pick of the 1993 MLB Draft. That signing included a three-year contract worth $1.3 million with a $1 million signing bonus, earning A-Rod his first big payday. At the end of his stint with the Mariners in 2000, he would earn what was then the richest contract in the sport’s history after inking a 10-year, $252 million deal with the Rangers.
The 14-time All-Star would eventually opt out of this lucrative deal and sign with the Yankees, this time signing a 10-year, $275 million deal, which was again the largest contract in baseball during its time. It was with the Yankees where he would finally win a championship, as he was part of the New York team that beat the Philadelphia Phillies in the 2009 World Series. He played his last baseball game in 2016.
But aside from his earnings on the baseball diamond, Rodriguez is also a businessman and media personality. He is the founder of A-Rod Corp, a holding company that invests in various companies in the technology, real estate, wellness, and entertainment industries. Some of the companies that A-Rod Corp has invested in include Snapchat, Wheels Up, and the coconut water brand Vita Coco.
Aside from being the CEO of A-Rod Corp, the longtime Yankees player is also the chairman of Presidente, a Dominican beer company. Rodriguez also had several endorsements throughout his baseball career and now even during retirement. He has appeared in commercials for Pepsi, the video game Guitar Hero World Tour, and Planters.
As mentioned earlier, he has also remained visible even after retirement, appearing on various shows while also dating Jennifer Lopez. In 2017, Rodriguez signed a deal with the ABC News network and served as a contributor to some of its programs. He is currently an MLB studio analyst for FOX Sports and was previously an analyst for ESPN on its Sunday Night Baseball program. He also hosted the CNBC show Back in the Game in 2019.
After earning around $400 million from his MLB career, Rodriguez has expanded and has also had success in business and as a media personality, making him one of the richest players in baseball. Even when he was still playing baseball, he already set his sights on the future and established a company, and made some key investments that are paying dividends. How, he can add NBA team owner to his list of accomplishments, where he hopes to bring the same success that he has had to the Minnesota Timberwolves.