Derek Jeter popularly known as Mr. November or Captain Crunch is a retired professional baseball player and former part-owner of the Miami Marlins. His impressive stats have made him one of the most popular and highest-paid athletes in baseball history. As of 2022, Derek Jeter’s net worth is an estimated 200 million dollars! Here is how he made his money.
What Is Derek Jeter’s Baseball Salary?
Most of Derek Jeter net worth is attributed to his baseball career. So let’s break down his salary.
Derek Jeter’s career approximate earnings total an impressive 415 million dollars- around 265 million of which comes from his 20 years of playing, 150 million from endorsements, and an additional $9 million in signing bonuses throughout his career. That made his average annual salary a whopping 13 million dollars! Not too bad for simply playing a game!
After his retirement from baseball, Derek served as CEO of the Miami Marlins. His salary was $5 million a year.
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Earnings From Other Business Interests
With his partner Simon they formed a Schuster called Jeter publishing in 2013 after an injury made him end his season early.
In 2014, Jeter created ThePlayersTribune.com, a website that publishes daily sports-related content. Where he contributes as a writer and has a minority ownership stake.
From September 2017 to February 28, 2022, he became a baseball executive acting as the CEO and part-owner of the Major League Baseball team, Miami Marlins. His partner Bruce Sherman was acting as the controlling owner but Jeter oversaw day-to-day operations. He only owned a four percent stake which has been reported to be worth around $44.8 million; however, he sold this when ending his relationship with the franchise.
In late 2022, Jeter announced that he was teaming up with entrepreneur Brian Lee and multiple capital venture firms to set up Arena Club.
Derek Jeter has also made a fortune through endorsement deals with major brands like Gatorade, Gillette, Ford, and Nike just to mention a few. In addition, he has made cameo appearances in movies and TV shows like “The Other Guys” and “Seinfeld.”
With his fingers in many business pies, Derek Jeter’s salary and net worth are still on the upswing. By 2022, he is expected to earn $16 million annually from his business interests.
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Early Life
Derek Sanderson Jeter was born on 26 June 1974 in New Jersey. His mom, Dorothy Connors, was an accountant and his dad, Sanderson Charles Jeter, was a substance abuse counselor. He has one sister named Sharlee Jeter who is three years younger than him.
He developed a love for baseball at a young age and would often go to Yankee Stadium to watch games with his grandparents.
Personal Life
Because he is fairly high-profile, the media has heavily scrutinized Jeter’s personal life. He was in a relationship with famous singer Mariah Carey from 1997-1998 which generated a lot of media attention. Since then, he has dated other well-known models and actresses.
He married model Hannah Jeter nee Davis in 2012, and the couple became engaged in 2015. They married in July 2016, and have 3 daughters together, Bella Raine Jeter, Story Grey Jeter, and River Rose Jeter.
Cars and Private Jet and Million Dollar Estates
Derek Jeter’s net worth allows him to afford some of the most luxurious items money can buy. He is the owner of a Gulfstream G550 private jet that is estimated to be worth $54 million.
In addition, Derek Jeter’s net worth affords him a large collection of luxury cars that includes a Ferrari 360 Modena, a Cadillac Escalade, a Chevy Tahoe, and a Hummer H2.
Derek Jeter’s former house in Tampa, quoted as the most expensive house in Tampa, Florida was valued at $29 million. The 22,000-square-foot waterfront mansion was constructed in 2011 and is situated on 1.25 acres of land with six bedrooms, seven full bathrooms, two half baths, a gym, an outdoor kitchen, and a 3 000-square-foot dock. In 2021, Jeter sold his home for a record price of $22.5 million.
He has owned and sold penthouse apartments at the Trump World Tower in New York City and at the Armani Casa building in Miami. He currently resides in a $13.4 million dollar mansion in Tampa, Florida that he purchased in 2021.
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Derek Jeter’s Turn 2 Foundation
Derek Jeter’s net worth also allows him to give back to charitable causes that are important to him.
The Derek Jeter Foundation was founded in 1996 with the mission of “creating positive alternatives for young people” by promoting athletics, encouraging leadership, and teaching basic life skills.
Derek Jeter Professional Baseball Career Summary
He received a scholarship to attend the University of Michigan after high school. His talent was recognized while playing for Michigan State, and he soon became a Major League player.
Derek was one of the top most coveted candidates during the MLB draft of 1992, and he choose to go pro with the Yankees after they drafted him as a sixth pick. He got signed for close to $1 million.
From 1992 – 1995, he played minor league baseball at The Gulf Coast League a baseball league for rookies.
Jeter’s MLB debut was on May 1995. Jeter was famously assigned number 2, which had been lastly worn by Mike Gallego from 1992 to 1994. The Yankees retired his uniform number (2) in 2017.
When he started for the Yankees on Opening Day of the 1996 season, he became the first Yankee rookie to play shortstop for the team after it was lastly played by Tom Tresh in 1962.
Jeter’s accomplishments speak for themselves–he was honored with the Rookie award and helped his team win the World Series in his first year. He proceeded to play (and lead his team to victory) in five more World Series-winning teams throughout his career.
His final season was in 2014.
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Over the course of his career, he played an average of 162 games per season and hit 204 times, with 113 total runs scored. He also stole 21 bases on average each season. By the end of his career, he had amassed 3000 hits–making him the 28th player to do so–and was ranked number 6 in MLB history for most hits over a career.
He racked up an impressive 20 years playing for the Yankees, He was eventually added to the Baseball Hall of Fame in 2020.
Derek Jeter Net worth 2022
Derek Jeter’s net worth is estimated to be $220 million in 2022. The majority of his wealth has come from his baseball salary and numerous endorsement deals
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