Alex Rodriguez has amassed a net worth of $350 million due to his MLB career and his current business ventures. The former New York Yankees legend has invested wisely, starting with real estate and then branching into other businesses. After buying the NBA side Minnesota Timberwolves, he even managed to surpass $1.7 billion Michael Jordan in a specific category. 

Jordan is among the richest athletes in the world and is known for his savvy business mentality. Furthermore, he has invested in a multitude of high-value ventures over the years. But with the Timberwolves, Rodriguez has managed to best Jordan in spending. 

Alex Rodriguez has spent the most money by a former athlete to buy a sports team

Michael Jordan bought the Charlotte Hornets in 2010, setting the record for the most money spent by a former athlete to buy a sports team. But former MLB star Alex Rodriguez has reportedly broken that record while purchasing the NBA Western Conference team Minnesota Timberwolves. According to Front Office Sports, A-Rod has spent more than $200 million, surpassing Jordan’s previous record. This is a huge accomplishment for the former New York Yankees superstar. 

In a Tweet, Front Office Sports said, “Alex Rodriguez has contributed more than $200M to buy the Minnesota Timberwolves — surpassing Michael Jordan for the most cash input ever made by a former athlete to buy a pro sports team. ARod and Marc Lore now own nearly 40% of the franchise.” 

Trending

Billionaire Michael Jordan’s $20 Million Venture’s Identical Logo to Puma Gets Defended by Dwyane Wade: “I’m Not Even Getting Paid”

May 03, 2024 06:07 AM EDT

Rich Paul: Only Savannah James & Bronny Could Cut LeBron’s 5-Year Plan Short

May 02, 2024 07:10 PM EDT

WNBA’s Sad Policy Begins Haunting Rookie Caitlin Clark in Dallas: “Liberty Were Fined $500K…”

May 03, 2024 04:06 AM EDT

Mavs Injury Report: Luka Doncic, Tim Hardaway Jr, and Others’ Availability Ahead Of Game 6 vs Clippers

May 03, 2024 02:12 PM EDT

Kyrie Irving’s Millionaire Wife Had Spicy Romances With Teammates of Lionel Messi and Her Own Husband Before Marriage

February 04, 2023 04:28 PM EST

Get instantly notified of the hottest NBA stories via Google! Click on Follow Us and Tap the Blue Star.

Follow Us

Alex Rodriguez Issues Heartfelt Plea to the MLB by Hailing Two-Way Phenom Shohei Ohtani

Rodriguez has loved being the owner so far, regularly appearing at T-Wolves games and cheering on his players. Furthermore, he and co-owner Marc Lore have made some big moves and are looking to make the team competitive. Jordan on the other hand has had relatively little success as an owner despite being an NBA legend.

Michael Jordan was a legendary basketball player but has not yet succeeded as an owner

When Michael Jordan bought the Charlotte Hornets, many expected the team to become a juggernaut. Instead, they fail to make the playoffs on a regular basis. The times they have qualified for the playoffs, they often go out in the first round. They currently have a promising young star in LaMelo Ball, but it remains to be seen if Jordan can put a good supporting cast around him. 

Watch This Story: How Alex Rodriguez’s obsession with Derek Jeter shaped a key part of his bachelor life

What do you think of the fact that Alex Rodriguez spent the most money to buy a sports franchise as a former athlete? Please share your thoughts in the comments below.