Derek Jeter is an American former professional baseball shortstop, entrepreneur, and baseball executive with an estimated net worth of 200 million dollars.
He is not only part owner of the league’s Miami Marlins but also served as CEO for 5 years from 2017 to 2022.
He earned $265 million in baseball salary in his professional career. He is a very popular and highest-paid athlete in the history of baseball.
Derek is in the news recently after the announcement made on 28th Feb that he is stepping down as chief executive of the Miami Marlins and looking forward to selling his stake in the Major League Baseball franchise.
Derek to sell his stake in the Major League Baseball franchise
Derek said, “We had a vision five years ago to turn the Marlins franchise around, and as CEO, I have been proud to put my name and reputation on the line to make our plan a reality. Through hard work, trust and accountability, we transformed every aspect of the franchise, reshaping the workforce, and developing a long-term strategic plan for success.”
Derek has a 4% stake in the team that finished in fourth place in the National League East division in 2021. Derek along with a group of investors bought a stake in the Miami Marlins for $1.2 billion in 2017.
He was named captain of the team in 2003. He was an All-Star 14 times and won the Silver Slugger (5 times), Hank Aaron Awards (2 times), and Gold Glove awards (5 times).
Derek Jeter net worth details
He created a world record after he bagged the All-Star Game MVP award and the World Series MVP award in the same season. The most hits record also is with Derek when he broke Lou Gehrig’s existing record in 2009.
Derek Sanderson Jeter was born in the year 1974 in New Jersey. His family relocated to Kalamazoo, Michigan when Derek was four years old. He started playing little league baseball there at the age of five.
Derek spent summers with his grandparents in New Jersey where he became a great fan of the New York Yankees team after watching their game with his grandparents.
He completed his graduation from Kalamazoo Central High School. He used to participate in athlete games in school and won many awards like the 1992 High School Player of the Year Award from the American Baseball Coaches Association, the 1992 Gatorade High School Player of the Year Award, and the USA Today’s High School Player of the Year.
He later got admission in the University of Michigan along with a baseball scholarship.
Derek’s success attracted a lot of endorsement deals with international companies like Nike, Gatorade, Discover Card, Fleet Bank, VISA, Ford, and XM Satellite Radio.
He raked in around $150 million through endorsements.
Real Estate investments
Derek bought a 4-acre historic property in the upstate town of Greenwood, New York in 2005 for $1.2 million. Derek listed the property for sale in 2018 for $14.75 million.
Derek purchased an 88th-floor penthouse apartment in Trump World Tower on the East Side of Manhattan in 2001 for $12.72 million. He later sold this apartment for $15.5 million in 2012.