Derek Jeter Net Worth : How Much He Earn From Endorsement?

By Veer Rajput Last updated Aug 23, 2022

Check out Derek Jeter Net Worth, Bio, Early Life, Achivements and Many More

Derek Jeter is an American businessman and baseball executive who used to play professional baseball.

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Derek Jeter Early Life

Derek Sanderson Jeter was born on June 26, 1974, in the township of Pequannock in the state of New Jersey. His parents met when they were both in the U.S. Army and stationed in Germany. When he was four, his family moved to Kalamazoo, Michigan, and when he was five, he started playing baseball in a little league there. Jeter spent his childhood summers with his grandparents in New Jersey. After going to Yankees games with his grandparents, he became a huge fan of the team.

He graduated from Kalamazoo Central High School, where he won several sports awards, including 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 1992 USA Today High School Player of the Year award. He also went to the University of Michigan for free because he was good at baseball.

Derek Jeter Net Worth

Derek Jeter is an American who used to play professional baseball, runs a business, and works for baseball.

According to Celebritynetworth Derek Jeter is worth a total of $200 million.

In baseball alone, he made $265 million over the course of his career. He made at least $150 million from endorsements, giving him a total career income of $415 million.

Career As Baseballer

Jeter was a well-liked player in the 1992 MLB draught, and when the Yankees took him with the sixth pick, he decided to play professionally. He agreed to pay them $800,000. From 1992 to 1995, Jeter played baseball in the minor leagues. His first team was the Gulf Coast Yankees, which was based in Tampa, Florida, and played in the Rookie-level Gulf Coast League. He was eventually moved up to the Class A South Atlantic League’s Greensboro Hornets, where he played his first full season of professional baseball. There, the magazine Baseball America gave him the Minor League Player of the Year Award. He also played for the Class A-Advanced Florida State League’s Tampa Yankees, the Class AA Eastern League’s Albany-Colony Yankees, and the Class AAA International League’s Columbus Clippers.

Jeter’s first game in Major League Baseball (MLB) was on May 29, 1995, when both the starting shortstop Tony Fernandez and the starting infielder Pat Kelly were hurt. He was given uniform number 2, which Mike Gallego had worn from 1992 to 1994. When he started for the Yankees on Opening Day of the 1996 season, he was the first rookie shortstop for the team since Tom Tresh in 1962. On the same day, he also hit his first home run in the MLB. The same year, he went on to win both Rookie of the Year and the World Series. He was also a part of the Yankee teams that won the World Series in 1996, 1998, 1999, 2000, and 2009.

His last season was in 2014. On the secondary market, the average price of a ticket to his last home game, which was on September 25, 2014, was $830. He averaged 204 hits, 113 runs scored, and 21 stolen bases every 162 games during his career. He was the 28th player in MLB history to get 3,000 hits, and he finished his career with the sixth-most hits in MLB history. He is one of the most respected athletes, both for what he did on the field and what he did off the field. He managed to stay out of major trouble throughout his long career. He played for the New York Yankees for his whole 20-year career. In 2020, his first year of eligibility, he was chosen for the Baseball Hall of Fame. His uniform number, 2, was also taken off the field by the Yankees in 2017.

Contract, Deal and Salary

As we’ve already said, Derek Jeter’s salary was $265 million and his endorsements brought in $150 million.

Jeter signed a ten-year, $189 million deal with the Yankees in 2001 to stay with the team. He made $5 million during the 1995 season. He made $10 million in 2000. By the end of the 10 years of the contract, he was making $20 million per season. In 2010, when he made $22.6 million, he made the most money.

In 2010, Derek signed a three-year deal with the Yankees worth $51 million. Before the 2014 season, he signed a one-year, $12 million deal to play in MLB for the last time.

At the height of his career, Derek Jeter made between $30 and $35 million from his salary and endorsements.

Derek’s success and clean-cut image led to endorsement deals with companies like Nike, Gatorade, Discover Card, Fleet Bank, VISA, Ford, and XM Satellite Radio. These deals were worth a lot of money. He is thought to be one of the most marketable baseball players ever. He worked with Avon to make a perfume called “Driven,” which he also promotes.

Miami Marlins Deal

Derek and a group of partners, including Bruce Sherman, finished a deal to buy the Miami Marlins for $1.2 billion in August 2017. It is said that Jeter paid $25 million, which was a discount, for a 4 percent stake in the team.

By 2021, the team was only worth $990 million, which was a shame. Derek’s 4 percent stake was worth $40 million at that point. Even though he made a profit on his $25 million investment, this isn’t a great sign of what’s to come. Late in February 2022, it was reported that Derek had broken up with the Marlins and sold his 4 percent stake back to his partners for $1.12, making the Marlins the lowest-valued team in the league. At the end of it all, Jeter bought a share for $25 million and sold it five years later for $44.8 million.

Personal Life

Because Jeter is a famous baseball player, the media has paid a lot of attention to his personal life. He was in a public relationship with singer Mariah Carey from 1997 to 1998. Since then, he has dated several other famous models and actresses, such as Vida Guerra, Joy Enriquez, Jordana Brewster, Jessica Biel, and Minka Kelly.

In 2012, he started going out with model Hannah Davis, and in 2015, the two of them got engaged. They got married in July 2016, and now they have two kids.

Assets

In 2005, Derek paid $1.2 million for a historic 4-acre property in Greenwood, New York, which is in the state’s upstate region. He then fixed up the whole property, which has a 700-foot lakefront. Derek’s grandfather on his mother’s side grew up on the property. In 2018, Derek put the house on the market with a price tag of $14.75 million. As of the time this article was written, the house was still for sale, and the asking price was $1.275 million.

Derek bought a penthouse apartment on the 88th floor of Trump World Tower on the East Side of Manhattan for $12.72 million in 2001.

In April 2021, Derek paid $16.6 million for a 2-acre waterfront lot in Coral Gables, Florida, that had not been built on yet. The parcel is on the water for 325 feet. While this house is being built, the Jeters live in a different Coral Gables house that he bought for $6.5 million in 2018.

Faq About Derek Jeter

Who is derek jeter’s Wife

Ans: In 2012, he started going out with model Hannah Davis, and in 2015, the two of them got engaged. They got married in July 2016, and now they have two kids.

How Much Derek Jeter earn from endrosment?

Ans: He made at least $150 million from endorsements, giving him a total career income of $415 million.

Derek Jeter Age?

Ans: He is 48 Years old.