Alex Rodriguez is a famous American former professional baseball player, businessman and philanthropist. His net worth is $350 million as of August 20, 2023. Alex was born on July 27, 1975 in Washington Heights, New York to parents Lourdes and Victor Rodriguez. Rodriguez is a world famous professional baseball player. A-Rod is the CEO and President of A-Rod Corp. He now plans to buy the Minnesota Timberwolves from the NBA. Rodriguez also won an MLB Network Sports Emmy.
Alex Rodriguez has a net worth of $350 million as a former baseball player, businessman, and philanthropist. Baseball is ARod’s main source of income. In 1994, he began his professional baseball career with the Appleton Foxes. Alex signed a 10-year, $252 million contract with the Texas Rangers in early 2000. He was traded to the New York Yankees in late 2003.
Now, let’s move on. He was named the “American League Most Valuable Player” in both 2005 and 2007, increasing his 10-year contract to $275 million. He has earned a total annual income of $33 million, according to Celebrity Net Worth. In short, he earned $441 million from his baseball career. He also invested in a number of real estate ventures after retiring in 2016. Alex has invested in more than 40 real estate ventures totaling more than $1 billion.
He also purchased a number of condos and apartments in the New York region. Similarly, Alex and his ex-girlfriend Jennifer Lopez have invested in various industries. They invested in two notable early-stage tech startups that went public earlier this year. Alex also invested in Jennifer’s beauty business and is the co-founder and CEO of the multi-million dollar business. However, Alex and Jennifer Lopez separated in mid-April 2021. Since they were never married, their divorce had no impact on their company. In short, A-Rod will make around $20 million a year starting in 2023.
Rodriguez was raised by his two half-siblings, Joe and Suzy. His family moved to the Dominican Republic when he was four years old, and then to Miami, Florida. A-Rod was a natural athlete as a child. In high school, he was a standout player on the baseball team and quarterback on the football team.
Moving on to Alex Rodriguez’s charity work. He is active in the charity listed below. He has also advocated for issues such as adoption, foster care, orphans, AIDS and HIV, children, health, human rights, poverty, refugees, slavery and human trafficking, among others. Alex and the Yankees eventually agreed to give the foundation $3.5 million. A portion of the proceeds will benefit The Special Operations Warrior Foundation and The Boys & Girls Club of Tampa.
When it comes to sponsors, he made his fortune not only through baseball, but also from the companies that supported him throughout his career. Alex has worked with Nike, Louisville Slugger, Rawlings, PepsiCo, Giorgio Armani, Radio Shack and more. All his sponsorships brought him about 35 million dollars.
Rodriguez made his professional baseball debut in 1994 as a minor leaguer before being promoted to the Jacksonville Suns. Despite his stints with the Seattle Mariners and Texas Rangers, Alex is best remembered for his time with the New York Yankees. He appeared in 17 games for Jacksonville before being promoted to the big leagues. He made his debut in the first league in mid-1994, at the age of 18. Rodriguez had his first major league hit on July 9 at Fenway Park, when he singled off Sergio Valdez. He appeared in 17 games with the Mariners, hitting .204 with two RBIs and three stolen bases. By the end of 1998, he was named AL Players Player of the Year.
Rodriguez put up impressive stats as the team’s only surviving superstar in 2000, hitting 41 home runs with 132 RBIs and a .316 batting average. He was later named Major League Player of the Year by Baseball America. Alex became a free agent in 2000 and signed a 10-year, $252 million contract with the Texas Rangers. He later tied the MLB record for most home runs in 2007.