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What is Derek Jeter’s Net Worth? Know How Rich is the American businessman in 2022

Derek Jeter’s Net Worth

Derek Jeter is a former Major League Baseball player, entrepreneur, and baseball executive from the United States. Derek Jeter’s net worth is approximately $200 million.

He made $265 million in baseball salaries alone throughout his career. He received at least $150 million in sponsorships, bringing his career earnings to a total of $415 million. He is regarded as one of the most popular and well-paid athletes in contemporary sports history.

He was appointed as the team’s twelfth captain in 2003. He was a 14-time All-Star and a five-time Silver Slugger and Gold Glove winner.

He is the only player to have won the All-Star Game and World Series MVP awards in the same season. Additionally, he holds the Yankee record for hits, surpassing Lou Gehrig’s previous mark in 2009.

Derek and a group of investors spent $1.2 billion in August 2017 to purchase the Miami Marlins. Derek owns 4% of the firm and serves as CEO.

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Childhood Life

Jeter, Derek Sanderson, was born on June 26, 1974, in Pequannock Township, New Jersey. While serving in the United States Army, his parents met in Germany.

When he was four years old, his family relocated to Kalamazoo, Michigan, playing minor league baseball. After watching games with them, Jeter spent his childhood summers in New Jersey with his grandparents and developed a strong affinity for the New York Yankees franchise.

He graduated from Kalamazoo Central High School. He earned numerous sports accolades, including the American Baseball Coaches Association’s 1992 High School Player of the Year Award, the 1992 Gatorade High School Player of the Year Award, and USA Today’s High School Player the Year. He also attended the University of Michigan on a baseball scholarship.

Professional Career

Jeter was a highly rated prospect in the 1992 Major League Baseball draught, and he chose to enter the professional ranks when the Yankees selected him with the sixth overall pick.

He made an $800,000 deal with them. Between 1992 and 1995, Jeter spent four seasons in minor league baseball, initially with the Gulf Coast Yankees of the Gulf Coast League in Tampa, Florida.

He was eventually promoted to the Class A South Atlantic League’s Greensboro Hornets, where he spent his first full season of professional baseball. He received the publication Baseball America’s Minor League Player of the Year Award.

On May 29, 1995, Jeter made his Major League Baseball (MLB) debut, filling up for injured starting shortstop Tony Fernandez and infielder Pat Kelly. Mike Gallego most recently wore uniform number 2 from 1992 to 1994.

derek jeter net worth

He was the first Yankee rookie to start shortstop since Tom Tresh did it in 1962 when he began the 1996 season for the Yankees on Opening Day.

He hit his first Major League Baseball home run on that same day. He won both the Rookie of the Year award and the World Series. He also was a member of 1996, 1998, 1999, 2000, and 2009 World Series-winning Yankee teams.

In 2014, he concluded his career. On the secondary market, the average ticket price for his final home game, which took place on September 25, 2014, was $830. He made 204 hits, 113 runs scored, and 21 stolen bases in 162 games.

He became the 28th player in MLB history to reach 3,000 hits, and he completed his career ranked sixth in lifetime hits.

He is a highly recognized player for his on-field accomplishments and off-field behavior, avoiding major controversy during his lengthy career.

He played for the New York Yankees for his entire 20-year career and was elected to the Baseball Hall of Fame in 2020, his first year of eligibility. Additionally, the Yankees retired his uniform number, which was 2.

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Business Interests

In 2013, following a season-ending injury, Jeter launched Jeter Publishing collaborating with Simon & Schuster. He dubbed it “the postcareer blueprint.” In 2014, he launched ThePlayersTribune.com, which features daily sports material.

Since September 2017, Jeter has served as the Miami Marlins chief executive officer and co-owner. Jeter owns a 4% share in the franchise, with partner Bruce Sherman as controlling owner, but he is responsible for the team’s day-to-day operations.

Personal Life

The media have heavily examined Jeter’s private life due to his high-profile status. He previously dated singer Mariah Carey from 1997 to 1998. He has since dated several other well-known models and actresses, including Vida Guerra, Joy Enriquez, Jordana Brewster, Jessica Biel, and Minka Kelly.

In 2012, he began dating model Hannah Davis, and the pair got engaged in 2015. They tied the knot in July 2016 and shared two children.

Revenue and Contracts

As previously indicated, Derek Jeter earned a salary of $265 million and $150 million in endorsements.

Jeter re-signed with the Yankees in 2001, signing a ten-year, $189 million contract. He made $500,000 during the 1995 season. He made a ten-million-dollar fortune in 2000.

He earned $20 million each season when his ten-year contract became effective. He made $22.6 million at his peak in 2010.

Derek joined the Yankees in 2010 on a three-year, $51 million deal. He signed a one-year, $12 million contract with the Los Angeles Angels of Anaheim before the 2014 season.

Derek Jeter made $30–35 million during the pinnacle of his career, combining pay and sponsorships.

Derek’s success and clean image landed him a slew of high-profile endorsement deals with businesses such as Nike, Gatorade, Discover Card, Fleet Bank, VISA, Ford, and XM Satellite Radio.

He is often regarded as one of baseball’s most marketable players. He also endorses a perfume he created in partnership with Avon, dubbed “Driven.”