Alex Rodriguez Net Worth
$350 Million dollars
Alex Rodriguez Bio
| Full Name | Alexander Emmanuel Rodriguez |
|---|---|
| Category | Players |
| Net Worth | $350 Million |
| Date of Birth | July 27, 1975 (age 48) |
| Birth Place | Manhattan, New York City, USA |
| Gender | Male |
| Occupation(s) | Professional Baseball Player, Television Analyst, Businessman, Philanthropist |
| Teams | Seattle Mariners Texas Rangers New York Yankees |
| Parents | Victor Rodriguez (Father) Lourdes Rodriguez (Mother) |
| Spouse(s) | Cynthia Scurtis (2002-2008) |
| Children | Natasha Alexander Ella Alexander |
How much is Alex Rodriguez net worth?
Alex Rodriguez is a famous former American professional baseball player, television analyst, businessman and philanthropist. Alex Rodriguez net worth is $350 million.
Alex Rodriguez played for the Texas Rangers and Seattle Mariners but he is mostly known for playing with the New York Yankees. From 2004, he played for the Yankees until his retirement in 2017.
As we’ll discuss in a moment, during his outstanding career, Alex made around $475 million MLB salary in total. He made another $100-200 million from endorsements and he continues to be well-paid in his retirement.
Career Earnings
Alex signed the largest contract in sports history in 2008, a staggering 10-year $275 million contract with the Yankees. Impressively, that was really the second time Alex broke the record of largest contract.
Alex signed a 10-year $252 million contract with the Texas Rangers in 2001. In sports history, both contracts still rank among the 20 largest contracts. When he retired, Alex Rodriguez made a bit under $475 million in salary, endorsements and bonuses.
In his retirement period, Alex has continued to earn tens of millions of dollars each year. As of this writing, his career earnings in total top a little more than $650 million.
Early Life
Alexander Emmanuel Rodriguez was born in the Washington Heights section of Manhattan on July 27, 1975. His parents named Victor and Lourdes, were Dominican immigrants.
He has two half-siblings named Joe and Suzy from the first marriage of his mother. When Alex was four years old, his family moved to the Dominican Republic, then moved to Miami, Florida.
Alex’s father gave him a rubber ball and plastic bat when he was a boy. Little A-Rod would practice swing every chance he got. Alex played baseball with friends every day when he lived in Miami until he became a member of a youth league baseball team.
Soon, baseball became Alex’s entire life. He then joined the Boys and Girls Club where he led his team to National title. His favorite players growing up were Keith Hernandez, Cal Ripken Jr., and Dale Murphy. His favorite team, at that time, was the New York Mets.
Rodriguez studied in Miami’s Christopher Columbus High School for freshman year. He then transferred to Westminster Christian School, where he was a shortstop star on the baseball team and also played quarterback on the football team.
In 100 baseball games in high school, he batted .419 with 90 stolen bases. During his junior year, Westminster won the high school national championship and he was awarded with the title named USA Baseball’s Junior Player of the Year and also Gatorade’s National Baseball Student-Athlete of the Year.
He was first-team All-American as a senior player. Before his graduation, he was getting lots of attention from Major League scouts. Alex became the first high school player in 1993 to ever try out for the U.S. national baseball team.
At the time of leaving high school, Rodriguez was the best baseball prospect in the country.
He signed a letter of intent to play in the baseball team for the University of Miami and was given the opportunity to play quarterback for the Hurricanes’ football team.
However, he turned down Miami’s scholarship opportunity. Instead he signed with the Seattle Mariners after being chosen in the 1993 amateur draft first round. He was 17 years old at that time.
Career as a Baseball Player
Alex Rodriguez joined spring training in February 1994. He made his debut as shortstop on July 8, 1994. Alex was only the third 18 years old shortstop in baseball since 1900.
While with the Seattle Mariners, Alex broke many records and became the star player before leaving the team for the Texas Rangers in 2000. From 2001-2003, Alex played for the Rangers.
He set many personal records during this period despite the Texas Rangers finishing last the AL Western division. Alex Rodriguez was the league MVP while playing on a last-place team.
Before the 2004 season, Rodriguez was traded to the New York Yankees and converted to a third baseman because Derek Jeter was the full-time shortstop for the Yankees. During his career with the Yankees, he was called AL MVP in 2005 and 2007.
He became one of the youngest player ever to hit 500 home runs. He reached the milestone in 2007. He was member of the Yankees’ World Series championship in 2009 over the Philadelphia Phillies. It was the first year of the new Yankee Stadium and Alex’s only world title.
Rodriguez was faced hip and knee injuries toward the end of his amazing career. As a result, he became exclusively a designated hitter. He played his final game on August 12, 2016 in professional baseball. In 2017, he officially retired from playing baseball.
Alex Rodriguez batted .295 to go along with 696 home runs and also 2,086 runs batted in on 3,115 total hits.
Post-Baseball Career
When Rodriguez retired from professional baseball, he became a media personality. He’s been a broadcaster for Fox Sports 1, was a member of the ABC News network, and appeared on Shark Tank.
ESPN announced in January 2018 that Alex Rodriguez would be joining the broadcast team of Sunday Night Baseball.
Currently, he is the chairman and chief executive officer of A-Rod Corp and also the chairman of Presidente beer. Also, Rodriguez is a part owner of the Minnesota Timberwolves.
Controversies
During an interview in 2007 on 60 Minutes with Katie Couric, Alex Rodriguez denied using performance-enhancing drugs. He admitted in February 2009 to using steroids from 2001 to 2003 when he was with the Texas Rangers.
In 2013, when he was recovering from a hip injury, Rodriguez made headlines by disputing with team management over his rehabilitation and also for having allegedly used performance-enhancing drugs as part of the Biogenesis baseball scandal.
MLB suspended him for 211 games on August 2013 for his involvement in the Biogenesis baseball scandal, but while appealing the punishment, he was allowed to play. Had the original suspension been endorsed, it would’ve been the longest non-lifetime suspension in the history of Major League Baseball.
The suspension was later reduced to 162 games after an arbitration hearing, which kept him out of the games for the 2014 season.
Personal Life
In 2002, Alex Rodriguez married Cynthia Scurtis. They met in Miami at a gym. On November 18, 2004, their first child named Natasha Alexander was born. On April 21, 2008, their second child named Ella Alexander was born.
On July 7, 2008, Cynthia filed for divorce on the grounds of extramarital affairs, emotional abandonment of her and their children, and other marital misconduct. In response to the filing, Rodriguez said that his marriage was “irretrievably broken,” and he requested from the court that allegations of his affairs be stricken.
In February 2017, Alex started dating Jennifer Lopez. In March 2019, Alex Rodriguez and Jennifer Lopez announced that they were engaged. Jennifer Lopez was $50 million richer than Alex at that time with a cool net worth of $400 million.
Both of them had a combined net worth of $750 million. The couple officially announced the end of their engagement in 2021.
Salary and Earnings
Alex earned $441 million in baseball salary alone during his career. He earned around $40 million from endorsements alone, which is way less than some of his contemporaries.
Let’s compare with Derek Jeter, he retired in 2014 with $400 million in total earnings (salary PLUS endorsements). Out of that $400 million, roughly around $130 million came from endorsements.
A-Rod was an endorsement king at one time, but his lucrative contracts dried up as a result of his steroid usage admission.
He signed many contracts that were the largest in sports history at that time. He made $33 million per year in salary at his career peak.
His contract was the largest in sports history with the Texas Rangers at the time, worth $252 million over 10 years. That contract was way more than double the previous record of Kevin Garnett’s $126 million NBA contract.
In 2007 Rodriguez signed a new contract for 10-year, worth $275 million with the Yankees, extending his record for the most lucrative contract in sports history.
Real Estate
As we’ve discussed Alex Rodriguez net worth, let’s uncover how many real estate he owns.
A-Rod sold his Hollywood Hills bachelor pad in 2019 for a nice $4.4 million. It was 3,700 square foot home with four bedroom, three and a half bath. He purchased this home in 2014 from Meryl Streep and her husband Don Gummer.
He is the proud owner of a custom-built large mansion in Coral Gables, Florida.
A-Rod has investments in New York apartment buildings. His A-Rod Corp has partnered with brokerage expert Adam Modlin and Stonehenge NYC real estate investor and operator Ofer Yardeni to buy condos and apartments of all sizes throughout the city.
Alex and Jennifer Lopez together bought a condo on Park Avenue in 2018 for a whopping $15.3 million. They sold this property for $15.75 million in 2020.
They purchased Jeremy Piven’s Malibu mansion for $6.6 million in 2019. They decided to renovate the interior with the help of Joanna Gaines. They sold this home for $6.8 million just after less than two years.
A-Rod and J-Lo paid $1.4 million in July 2020 for a home in Encino, California.
Alex and Jennifer paid $32.5 million in August 2020 for a mansion on 1-acre of Miami’s Star Island. They have yet to list the home for sale after breaking their engagement. Rodriguez bought the neighboring lot in 2022 for $18.5 million.
A-Rod bought a home in Miami for $5.5 million in April 2021. He sold the property for $6.3 million in December of the same year.
