What is Derek Jeter Net Worth as of 2024?

Derek Sanderson Jeter, also known as 'The Captain', was born on 26th June 1974 in Pequannock Township, New Jersey, United States; he is a former shortstop with the New York Yankees baseball team and a baseball executive. His career spanned two decades, from 1995 to 2014, during which he played exclusively for the New York Yankees, representing his exceptional skills, leadership qualities, and clutch performances, which solidified his status as one of the greatest players in Major League Baseball (MLB) history.

How much is Derek Jeter’s Net Worth in 2024?

Derek Jeter’s net worth as of 2024 is estimated to be $200 million, as per Celebrity Net Worth.

Throughout his career, he earned $266 million in baseball salary alone (as per Spotrac). In 2003, he was named the eleventh captain; he was also an All-Star 14 times and received five Silver Slugger and Gold Glove honors. He is the only player in history to have won the MVP awards for the World Series and the All-Star Game in the same year. He also owns the record for the most hits in Yankee history, surpassing Lou Gehrig's previous mark in 2009.

Derek Jeter’s Salary

Jeter's last contract with the Yankees was in 2014, and he earned an average annual salary of $12,000,000 from the 1-year contract, as per Spotrac.

Jeter agreed to a $189 million, ten-contact with the Yankees in 2011, where he made $5 million in the 1995 campaign, made another $10 million in 2000, and eventually, the first ten years of his contract began, he was making $20 million a year, his highest year of earnings was 2010 when he brought in a staggering $22.6 million. In 2010, with the Yankees, Derek agreed to a three-year, $51 million contract; after that, he decided to a one-year contract for $12 million for his last MLB season before the 2014 campaign.

Read more About:- Derek Jeter Contract

Derek Jeter’s Endorsements

Jeter is considered one of the most marketable players in the history of baseball, for which came in a lot of attractive endorsement deals with companies like Nike, Nike Gatorade, Avon, Steiner Sports, Ford, Movado, Rawlings, 24-Hour Fitness and Luvo, XM Satellite Radio, VISA, etc.

Although he has remained buttoned-up about the exact amount each deal has been worth, then again, big players such as Nike coming in to play, it is estimated that at least $150 million came in from endorsement, and most likely that would be tens in the hundreds.

Derek Jeter’s Investments

During his baseball career and post-retirement, Jeter had multiple investments in the Real Estate market, such as restoring the 700-foot-long lakefront property located near Greenwood, New York, for which he paid $1.2 million. In 2001, he paid $12.72 million for an 88th-floor penthouse apartment in Trump World Tower on the East Side of Manhattan, and again in 2011, he bought a custom-built 22,000 square-foot waterfront mansion in Tampa, and in 2018 he purchased the Coral Gables Mansion for $6.5 million.

Jeter purchased a separate, undeveloped 2-acre waterfront mansion in Coral Gables for $16.6 million in 2021. He ensured it was built while he lived in another Coral Gables mansion, as previously revealed.

In August 2017, Derek ventured with a group of partners, notably Bruce Sherman, to finalize a deal to acquire the Miami Marlins for $1.2 billion.

In 2021, due to unforeseen circumstances, the team’s valuation had dropped significantly to $990 million; at that point, Jeter’s stake was only about 4% and was worth about $40 million. Luckily he managed to gain back his $25 million investment, and it didn’t end there; in late February 2022, It was reported that Jeter severed his relationships with the Marlins and had sold his 4% stake back to his partners at a $1.12 billion valuation, which happened to be the league’s lowest team valuation. Jeter ultimately invested $25 million in a stake that he sold for $44.8 million five years later.

Derek Jeter’s Other Sources of Income

Continuing from the events in February 2022, Derek severed his relationship with the Marlins due to a disagreement about the vision for the franchise's future. He stepped down from a shareholder to be a CEO, reported a salary of $5 million annually, and told members of baseball ops on the call that they would be paid through at least May 31, according to ESPN.

Derek Jeter’s House

Following through his real estate investment records, Jeter listed his New York City Apartment, which he got in 2011, up for sale in 2010 for $20 million. In October 2012, he sold this apartment for $15.5 million.

Then he listed the Apartment in Tampa, Florida, for 29 million, which consisted of a total of 1.26 acres of land, including a two-story mansion with seven bedrooms, nine bathrooms, an entertainment room, a billiard room, a memorabilia room, two three-car garages. It eventually got sold in 2021 for $22.5 million.

He resides in a fully-built Coral Gables, In Miami, Florida, which he acquired in 2021.

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Derek Jeter’s Car

Jeter’s first car was a Datsun 310 with three broken door handles. Continuing his successful journey, he got hold of the 2006 Mercedes S63 AMG and Hummer H2 and eventually acquired the Lamborghini.

Derek Jeter’s Charity Work

Jeter is renowned for his charitable work and dedication to changing society. In 1996, he established the Turn 2 Foundation, which had its 26th annual foundation dinner in October 2022 and continues aiming to promote healthy lifestyles and educational programs and scholarships to young individuals. Through this foundation, Jeter has touched the lives of countless people and served as a significant figure both on and off the pitch.