Derek Jeter Net Worth
What is Derek Jeter’s Net Worth?
Derek Jeter is an American former professional baseball player, businessman and baseball executive. Derek Jeter has a net worth of $200 million. During his career, baseball salary alone reached $265 million. He has earned at least $150 million in career earnings from endorsements, totaling $415 million. He is considered one of the most popular and highest-paid athletes in recent sports history.
In 2003, he was named the 11th captain in team history. He was a 14-time All-Star and won five Silver Bar and Golden Glove awards. He is the only player in history to win both the All-Star Game MVP and the World Series MVP in the same season. He also holds the Yankees record for most hits, beating Lou Gehrig’s existing record in 2009.
In August 2017, Derek and a group of investors bought the Miami Marlins for $1.2 billion. Derek owns 4% of the team and serves as the CEO of the organization.
early life
Derek Sanderson Jeter was born on June 26, 1974 in Pequinnock, New Jersey. His parents met in Germany while serving in the U.S. Army. His family moved to Kalamazoo, Michigan when he was four, where he started playing minor league baseball when he was five. Growing up, Jeter spent summers with his grandparents in New Jersey and became an avid New York Yankees fan after playing games with his grandparents.
He is a graduate of Kalamazoo Central High School, where he received several awards for his athletic performance, including the 1992 Baseball Coaches Association of America High School Player of the Year Award, the 1992 Gatorade High School Player of the Year Award, and the USA TODAY High School Player of the Year Award. Best school player. He also received a baseball scholarship to the University of Michigan.
professional baseball career
Jeter, a highly regarded candidate in the 1992 MLB draft, opted to turn pro when the Yankees selected him with the sixth overall pick. He signed them for $800,000. Jeter played four seasons in minor league baseball from 1992 to 1995, initially with the Gulf Coast Yankees in the rookie-level Gulf Coast League in Tampa, Florida. Eventually, he was promoted to the Greensboro Hornets in the South Atlantic Division I, where he played his first full season in professional baseball. There, he was awarded Minor League Player of the Year by Baseball America. During his time in the minor leagues, he also played for the Tampa Yankees in the Class A Senior Florida League, the Albany Colonial Yankees in the Class AA Eastern Conference and the Columbus Clippers in the Class AAA International League.
Jeter made his Major League Baseball (MLB) debut on May 29, 1995, after both starting shortstop Tony Fernandez and infielder Pat Kelly were injured. He was assigned jersey number 2 and was last worn by Mike Gallego from 1992 to 1994. He was the first rookie to start playing for the Yankees as a shortstop since Tom Tresh started with the Yankees on Opening Day in 1996. season. He also hit his first MLB home run that day. That year, he went on to win Rookie of the Year and the World Series. He also played for the series champion Yankees in 1996, 1998, 1999, 2000 and 2009.
He played his final season in 2014. On September 25, 2014, the average ticket price for his last home game was $830 on the secondary market. During his career, he averaged 204 hits, 113 runs and 21 stolen bases per 162 games. He is the 28th player to reach 3,000 hits and sixth in career hits in MLB history. He is one of the most admired athletes, not only because of his performance on the court, but also because of his behavior off the court, and has managed to avoid major controversies during his long career. He spent his entire 20-year career with the New York Yankees and was inducted into the Baseball Hall of Fame in 2020 in his first year of eligibility. Additionally, his jersey number 2 was retired by the Yankees in 2017.
(Photo by Elsa/Getty Images)
Commercial interests
In 2013, with an injury shortening his season, Jeter established an imprint with Simon & Schuster called Jeter Publishing. He calls it a “career blueprint.” He also founded ThePlayersTribune.com in 2014, which publishes daily sports-related content. Since September 2017, Jeter has served as CEO and partial owner of the Miami Marlins, a Major League Baseball team. He owns only 4% of the team, with partner Bruce Sherman as the controlling owner, but Jeter oversees the day-to-day operations of the team.
personal life
Due to his high profile status, Jett’s personal life has been closely watched by the media. He had a well-known relationship with singer Mariah Carey from 1997 to 1998, after which he went on to date several other famous models and actresses, including Vida Guerra, Joy Enriquez, Jordana Brewster, Jessica Biel and Minka Kelly. He started dating model Hannah Davis in 2012, and the two got engaged in 2015.They were married in July 2016 and have two children together
contracts and revenue
As we said before, Derek Jeter has a salary of $265 million and $150 million in endorsements.
In 2001, Jeter signed a ten-year, $189 million contract with the Yankees. During the 1995 season, he made $5 million. In 2000, he made $10 million. By the time the 10-year deal actually took effect, he was already making $20 million per season. His highest earnings came in 2010, when he earned $22.6 million.
In 2010, Derrick signed a three-year, $51 million contract with the Yankees. Before the 2014 season, he signed a one-year, $12 million deal for his final MLB season.
At the peak of his career between salary and endorsements, Derek Jeter made between $300 and $35 million.
Derek’s success and clean image have attracted many very lucrative endorsement deals from companies like Nike, Gatorade, Discover Card, Fleet Bank, VISA, Ford and XM Satellite Radio. He is considered one of the best-selling players in baseball history. He collaborated with Avon on a cologne called “Driven,” and he agrees.
Miami Marlins
In August 2017, Derek and a group of partners, notably Bruce Sherman, finalized a deal to buy the Miami Marlins for $1.2 billion. Jeter owns 4% of the team. Unfortunately, by 2021, the team’s valuation has dropped to $990 million. At this level, Derek’s 4% stake is worth $40 million.
real estate
Greenwood, New York: In 2005, Derek purchased a 4-acre historic property in the town of Greenwood in upstate New York for $1.2 million. He set out to fully restore the property on the 700-foot lake. Derek’s maternal grandfather actually grew up on this land. In 2018, Derek listed the property for $14.75 million. As of this writing, the home is still on the market with an asking price of $1.275 million.
New York City: In 2001, Derek bought an 88th-floor penthouse at Trump World Tower on Manhattan’s East Side for $12.72 million. He put his condo up for sale in 2010 for $20 million. In October 2012, he sold the condo for $15.5 million.
Tampa, FL: In 2011, Derek custom-built a 22,000-square-foot oceanfront mansion in Tampa, Florida. The house was nicknamed “St. Jetsburg”. When Tom Brady moved to Tampa to play for the Buccaneers, he and his wife Gisele Bundchen rented the house for $75,000 a month before buying their own mansion for $17 million.
Here’s a video tour of St Jetsburg:
In September 2020, Derek listed the house for $29 million. In May 2021, they sold the house for $22.5 million.
Miami, Florida: In April 2021, Derek purchased a 2-acre waterfront greenfield lot in Coral Gables, Florida for $16.6 million. The lot has 325 linear feet of waterfront. As the mansion is under construction, Jeters lives in another Coral Gables mansion, which he bought in 2018 for $6.5 million.
