Derek Jeter Net Worth
Derek Jeter has an estimated net worth of $200 million. Derek Jeter is a former professional baseball player known for his Hall of Fame career as a shortstop for the New York Yankees. He earns most of his income from his career as a baseball player and brand endorsements.
Born in New Jersey Derek Jeter was drafted in 1992 by the New York Yankees of Major League Baseball. He was instrumental in the Yankees’ World Series victory over the Atlanta Braves in 1996, and he cemented his place as one of the city’s most popular athletes with World Series victories in 1998, 1999, 2000, and 2009. He was named team captain in 2003, became the Yankees’ all-time hits leader in 2009, and retired in 2014 with 3,465 hits, ranking sixth in MLB history. Jeter went on to co-found The Players’ Tribune and become a minority owner of the Miami Marlins. In 2020, he fell one vote short of unanimous election to Baseball’s Hall of Fame.
To calculate the net worth of Derek Jeter, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$200 Million|
|Monthly Salary:||$2 Million|
|Annual Income:||$30 Million|
|Source of Wealth:||Baseball player, Actor, Athlete|
Early Life and Career
Derek Sanderson Jeter was born in Pequannock, New Jersey, on June 26, 1974. He moved to Kalamazoo, Michigan, as the elder of two children to Dorothy, an accountant, and Charles, a substance-abuse counselor, when he was four years old so his father could pursue a Ph.D. in psychology at Western Michigan University.
Jeter was talented enough to play basketball at Kalamazoo Central High School, but he wanted to be a Major League Baseball player, specifically the starting shortstop for the New York Yankees. In his final two years of high school baseball, he batted over.500 and struck out only once. Jeter was named the American High School Coaches Association’s 1992 High School Player of the Year, the 1992 Gatorade High School Athlete of the Year, and the USA Today High School Player of the Year.
Career with the New York Yankees
Following graduation, the Yankees selected Jeter with the sixth overall pick in the June 1992 draft. He also attended the University of Michigan, but his time there was brief as he quickly ascended the Yankees’ farm system. Several publications, including The Sporting News and Baseball America, named him Minor League Player of the Year in 1994 after batting.344 with 50 stolen bases.
Derek Jeter’s dream came true in 1995, when Yankees shortstop Tony Fernandez was placed on the disabled list. On May 29, that year, Jeter made his major league debut against the Seattle Mariners. In his first full season as a Major League Baseball player the following year, he batted.314 with 10 home runs. The talented shortstop also contributed in the infield to the Yankees’ World Series victory over the Atlanta Braves. For his performance that season, Jeter was named American League Rookie of the Year.
Jeter rose to become one of baseball’s best all-around players and the lynchpin of a perennially dominant Yankees team. He was named to his first of 14 All-Star teams in 1998, when the Bronx Bombers won their first of three straight world championships. In 1999, he led the majors in hits and set career highs in home runs and RBIs, and in 2000, he became the first player to be named All-Star Game and World Series MVP in the same season.
Jeter earned a reputation as a player who thrived in high-pressure situations thanks to his patented “inside-out” swing and acrobatic jump-throws. In perhaps his most famous play, he ran down an errant outfield throw and delivered “The Flip” to home plate to record an important out against the Oakland A’s in the 2001 playoffs. A few weeks later, he hit a game-winning home run in the 10th inning to defeat the Arizona Diamondbacks in Game 4 of the World Series. Coaches, sports commentators, peers, and fans all admired and respected his winning style, and he was named team captain in 2003.
Jeter suffered his first major injury that season, a separated shoulder, but he was back to his old self after recovering. In 2004, he received the first of five gold glove awards for fielding excellence, and in 2006, he finished second in voting for the league MVP award.
In September 2009, Jeter passed Lou Gehrig for the most hits in franchise history with his 2,722nd, before winning his fifth world championship ring at the end of the season. He homered in July 2011 to become the 28th player in history to reach 3,000 career hits.
Due to a lingering ankle injury that limited him to only 17 games in 2013, Jeter announced his retirement after the 2014 season, his 20th in the majors. Despite his numbers being far below his usual lofty standards, “The Captain” demonstrated that he could still rise to the occasion in big moments.
He started a rally for the American League in the All-Star Game with a leadoff double, and he drove in the game-winning run in his final at-bat at Yankee Stadium in September. In addition to his five world championships, Jeter had a .310 lifetime batting average and 3,465 hits, which ranked sixth in major league history.
Jeter announced plans to launch The Players’ Tribune website just days after his retirement. He described the site as a place for professional athletes to “connect directly with our fans, without a filter,” via first-person articles, podcasts, and video clips.
In the fall of 2017, Jeter became a part-owner and CEO of the National League’s Miami Marlins.
The ex-Yankees shortstop was inducted into the Baseball Hall of Fame in January 2020. He was on 396 of 397 ballots cast by Baseball Writers Association of America members, falling just short of joining former teammate Mariano Rivera as the only players to receive unanimous selection.
Derek Jeter drew attention off the field for his quiet confidence and good looks. He had romantic relationships with a number of high-profile women, including pop singer Mariah Carey and actress Minka Kelly. He signed a deal with Avon Products, Inc. in 2006 to create a fragrance for men called Driven, in addition to appearing in numerous commercials.
Jeter also used his celebrity and position as a sports celebrity to help children. He founded the Turn 2 Foundation in 1996 to encourage young people to be healthy and academically successful, to become leaders, and to avoid drugs and alcohol. The foundation funds and develops programs to achieve these objectives.
Jeter proposed to his girlfriend Hannah Davis in October 2015. The couple married in July of 2016. Bella Raine Jeter, their first child, was born on August 17, 2017.
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