Shoeless Joe Jackson Net Worth at Death – Salary, Income, Earnings

Shoeless Joe Jackson Net Worth 

Shoeless Joe Jackson had an estimated net worth of $5 million at his death, after adjusting for inflation. Shoeless Joe Jackson was a top major league baseball player during the early 20th century who was ousted from the sport for his alleged role in game-fixing. He earned most of his income from his career as a baseball player. 

Joseph Jackson was a professional baseball player for the Chicago White Sox. Jackson got his nickname from once playing in stockings because his baseball shoes hadn’t been broken in. He had a career batting average of.356, one of the highest ever, and was banned from baseball for his role in fixing a World Series outcome. Jackson died in South Carolina on December 5, 1951.

To calculate the net worth of Shoeless Joe Jackson, 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:

Name: Shoeless Joe Jackson
Net Worth: $5 Million
Monthly Salary: $30 Thousand
Annual Income: $500 Thousand
Source of Wealth: Baseball player

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Early Years

Joseph Jefferson Jackson was born in Brandon Mills, South Carolina, on July 16, 1887. Jackson, who had never attended school and was illiterate his entire life, began working at a cotton mill at the age of six.

However, by his early adolescence, the gangly Jackson was a superb baseball player, dominating older players while playing for the mill team. During this time, Jackson earned the moniker “Shoeless” after hitting a base-clearing triple while donning a pair of baseball spikes that had begun to irritate his feet.

Big League Career

The Greenville Spinners sold Jackson’s contract to the Philadelphia A’s for $325 in 1908. While a country boy at heart, Jackson quickly adapted to his new city life and playing in the big leagues after being traded to the Cleveland franchise prior to the 1910 season.

Jackson slugged a.408 average with his trusty bat, Black Betsy, in his first season as a full-time player in 1911, hitting 19 triples and 45 doubles. The following season was much the same. Jackson’s abilities drew praise from the mercurial Ty Cobb and even Babe Ruth, who exclaimed: “I tried to imitate (Shoeless Joe) Jackson’s style because I thought he was the best hitter I’d ever seen, the best natural hitter I’d ever seen. He’s the one who turned me into a hitter.”

Jackson was on the move again a little more than halfway through the 1915 season, this time courtesy of a trade from Cleveland to Chicago, where he played for the White Sox. Jackson helped his new team win the World Series in 1917.

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Black Sox Scandal

During the 1919 season, it appeared that Jackson and the White Sox would repeat as champions. The club dominated the competition, with Jackson hitting.351 and driving in 96 runs.

Despite the team’s success, Charles Comiskey, the club’s owner, preferred to underpay his players and not pay out promised bonuses. Dissatisfied and enraged, eight members, including Jackson, were accused of accepting bribes in exchange for throwing the 1919 World Series against the Cincinnati Reds. Jackson later denied knowing about the fix and claimed that his name was given to the conspirators without his permission to participate in the scam.

Jackson, for his part, was promised $20,000, a significant increase from his previous $6,000 salary. Still, Jackson’s outstanding performance in the series didn’t quite add up; he didn’t give up in every game. Shoeless batted.375 in the eight-game series, which Cincinnati won five games to three, including an impressive.545 in the White Sox victories. Batting stats were the best of any player on either team.

However, not everything went as planned in terms of the money promised. Jackson was only paid $5,000 for the fix and later stated that he attempted to return the money. He signed a confession stating he accepted the money, but later claimed he didn’t understand the confession and that the team’s attorney took advantage of his illiteracy. Despite this, when the fix was discovered, all eight players were put on trial. Jackson and his teammates were all acquitted, but baseball’s newly appointed commissioner, Judge Kenesaw Mountain Landis, barred the group from playing for the rest of their lives in 1920. Jackson’s promising career had come to an end.

Post Scandal Life and Death

Jackson eventually retired to Greenville, South Carolina, with his wife Katie. He ran a number of businesses there, including a pool hall and a liquor store.

Jackson spent the rest of his life attempting to be reinstated into the game in the hopes of being inducted into the Baseball Hall of Fame. It never occurred. Jackson passed away on December 5, 1951.

Learn More: Top 30 Richest People In The World

Movies

Jackson is portrayed in the films Eight Men Out and Field of Dreams, with Ray Liotta playing the player.

Further Reading

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