Former basketball player Alex Rodriguez retired in 2016 and has been investing in multiple real-estate projects. According to sources, he has launched his real-estate brand named ‘A-Rod Corp’, with which he has invested in more than 30 companies and partnerships valued at more than 1 billion dollars, including various apartment and condo purchases within the New York area.
How Much Did Alex Make From His Baseball Career?
In 2000, he signed a 10-year contract with the Texas Rangers for a record-breaking 252 million dollars. And by 2004, however, he was traded to the 'New York Yankees', where he was named the American League's Most Valuable Player in both 2005 and 2007, and the title earned him a new 10-years 275 million dollars contract with the Yankees following the 2007 season, beating out the record set by his previous contract.
According to celebrity net worth, this earned him a salary of 33 million dollars per year at the height of his career. Overall, Rodriguez made 441 million dollars total from his salary over the course of his baseball career and is the wealthiest baseball player of all time.
Alex In Real Estate
After his baseball and media career, he entered in real estate world and invested billions of dollars by launching his company 'A-Rod Corp,' which invests 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 purchase apartments and condos of all sizes throughout the city.
In 2018, Alex and Jennifer Lopez co-bought a condo on Park Avenue for 15.3 million dollars which they sold this property for 15.75 million dollars.
In 2019, his company 'A-Rod Corp' sold his 3,700 square foot, four-bedroom, three-and-a-half-bath home, 'Hollywood Hills' bachelor pad for 4.4 million. He owns a sizeable custom-built mansion in Coral Gables, Florida. And they bought Jeremy Piven's 'Malibu mansion for 6.6 million dollars and proceeded to renovate the interior with the help of Joanna Gaines totally, and they sold this home for 6.8 million dollars after two years.
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What is Alex's Net Worth?
He earned a bit under $475 million in salary, bonuses, and endorsements during his professional career. As of March 2021, Alex's net worth is estimated at approximately $450 million throughout his baseball career, which spanned 22 seasons, with his earnings coming from a combination of his salary, bonuses, and endorsements. During his time as a pro baseball player, he was earning around $33 million annually.
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Controversies During His Career
During his baseball career, he denied using performance-enhancing drugs in an interview with Katie Couric on 60 Minutes in 2007, but in February 2009, he admitted to using steroids from 2001 to 2003 when he was with the Rangers.
While recovering from a hip injury in 2013, he made headlines by feuding with team management over his rehabilitation and for having allegedly obtained performance-enhancing drugs as part of the Biogenesis baseball scandal and was suspended for 211 games by MLB for his involvement in the scandal. However, he was allowed to play while appealing the punishment. After an arbitration hearing, the suspension was reduced to 162 games, which kept him off the field for the entire 2014 season.