How Derek Jeter Went From Playing Baseball To Owning a Club, His Net Worth and Family Life

Growing up, Derek Jeter regularly attended New York Yankees games when he spent his summers with his grandparents. This seemingly innocent family trip turned out to be the foundation of a lifelong career with the Yankees. Derek spent two decades in Major League Baseball, playing and winning multiple titles and personal awards as a shortstop for the Yankees.

Since he ended his career as a baseball player, Derek Jeter has continued his lifelong relationship with the game, this time as one of the owners of the Miami Marlins. This is the story of how the baseball legend made it happen.

From Yankees Fan to Yankees Legend

Before he became one of the suits, Derek Jeter was a remarkable player on the pitch. His extraordinary exploits began from high school when he played for Kalamazoo Central High School. During his senior season, he drew national attention by winning a host of awards, including the 1992 High School Player of the Year Award from the American Baseball Coaches Association.

From high school, the baseball legend, popularly referred to as Mr. November, joined the MLB, signing with the New York Yankees, after the Houston Astros turned down the chance to sign him. He spent his first four seasons as a professional player in the minor leagues, playing for teams like the Gulf Coast Yankees and the Greensboro Hornets. Eventually, before the start of the 1995 MLB season, he was promoted to the New York Yankees.

Derek Jeter
Derek Jeter won several awards throughout his career: image source

Derek went on to play 2,743 regular games for the Yankees, spending a total of twenty seasons. Throughout his career, he was named an All-Star 14 times and won the World Series five times. Although he only won the World Series MVP once, he won the Gold Glove Award and Silver Slugger Award five times each. Subsequently, his jersey number, 2, was retired by the Yankees. He was also named a Baseball Hall of Famer in 2020, with 99.75% of votes.

Not one to relent on his extraordinary on-pitch accomplishments, Derek Jeter set sail for the world of business, and eventually found his way to being in charge of the path that gave him fame.

From Baseball Legend to Club Owner

Derek Jeter
Derek (R) during a conference – image source

Before he said goodbye to baseball as a player, Derek had his sights set on a post-baseball career as a businessman. Having made several investments across different businesses and sectors, he found an opportunity to invest in his first love, baseball, in 2017.

Buoyed by the income from his playing career, Derek Jeter, along with venture capitalist, Bruce Sherman, and Michael Jordan, bought the Miami Marlins from its previous owner, Jeffrey Loria. Derek and his fellow investors paid a whopping $1.2 billion for the team. They finalized the deal in August 2017, and the sale was officially completed a month after, with the former Yankees shortstop owning a 4% stake in the franchise.

Despite his minority stake in the franchise, the investor group named Jeter the chief executive officer of the team, managing the day to day operations. Since he began managing the team, the Miami Marlins has dropped in value to $980 million, according to an analysis by Forbes magazine.

Derek Jeter has a Net Worth of $200 Million

For two decades, Derek Jeter was able to amass a net worth of $200 million, according to Celebrity Net Worth. His astounding wealth comes from three primary sources – playing salary, business investments, and commercial endorsements. During his playing career, he earned more than $266 million in salary. He signed his biggest contract, a $189 million 10-year deal in 2001. In his final year as a player, he was on a one-year $12 million deal with the Yankees.

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Aside from his salary, Derek Jeter has also made money from commercial endorsements. Considered one of the most marketable players of all time, Derek made an estimated $224 million from endorsements during his playing years, according to Forbes. This brings his total playing career income to over $490 million. Some of the endorsement deals were done with Gatorade, Nike, Fleet Bank, VISA, XM Satellite Radio, Discovery Card, and Ford.

Finally, Mr. November’s $200 million net worth is also fueled and maintained by investments in a string of businesses. He has a partnership with the leading publishing company, Simon & Schuster, and he started the popular sports website, ThePlayersTribune.com. He has since sold it to Minute Media and currently sits on the board. Other investments include Whistle Sports Network and Luvo Inc.

Derek Jeter’s Busy Romantic Past and Marriage to a Model

Derek Jeter
Hannah Davis Derek Jeter – image source

Right from his first year as a professional baseball player, Derek Jeter’s love life has drawn attention from tabloids and gossip websites. Looking at his relationship history, those eyes were well satisfied. The New York Yankees legend was involved in several well-publicized relationships with celebrities and media personalities. One of them is Mariah Carey whom he dated between 1997 and 1998. Others are Jessica Biel, Jordana Brewster, Vanessa Minnillo, Vida Guerra, Joy Enriquez, Minka Kelly, Lara Dutta, and several other rumoured relationships.

Considering he developed a reputation for being with models and actresses, it is no surprise that when Derek Jeter was ready to settle down, it was with a model. He began dating Hannah Davis in 2012, and after three years, the couple got engaged in 2015. One year after their engagement, in July 2016, they got married and have been together ever since.

His wife is a U.S Virgin Islands-born model who has appeared in campaigns for Ralph Lauren, Blue Label, Victoria’s Secret, and a few other notable brands.

She was also on the cover of Sports Illustrated Swimsuit Issue, 2015 edition. As a model, Hannah Davis, now Jeter, has appeared in commercials, as well as the film, Vacation. She has also hosted a show, Project Runway: Junior.

Their marriage has produced two children thus far, two daughters who were born in 2017 and 2019. Their first daughter is Bella Raine Jeter, and she was born in August, while the second, Story Grey Jeter, was born in January. The baseball legend owns four homes across America, spread between New Jersey, New York, and Florida. He lives with his family in Miami, Florida.

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Chuck Dez
Chuck is a personal finance and entertainment writer with over 15 years of experience covering famous biographies, personal finance, celebrity net worth, and celebrity lifestyles. He loves the process of researching new information, discovering and learning new things, as well as putting into words, interesting things others might like to read. When he's not talking about the future of media, business or entertainment, you'll find him watching films, reading or spending time with his wife and kids

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