Even before retiring from MLB as a baseball player, Alex Rodriguez had already dipped his hands into business. Therefore, after six years of retiring, he managed to push his net worth to a monstrous value of $350 million. Notably, he is the wealthiest personality in the baseball world to date.?
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The former Yankee always had this business acumen in him that helped him create his business empire. And thanks to his wise investments, he has become a business mogul in America. Back in 2021, A-Rod joined a group of many elites in his post-retirement career. Apart from the New York Yankees legend, tennis icon Serena Williams and the NBA legend Shaquille O’Neal were the investors who put their money in the new venture.
Another business, another journey for Alex Rodriguez
With multiple businesses already in place, baseball player-turned-businessman Alex Rodriguez decided to enter a new area of business. As the IPO craze continued, A-Rod filed to form a $575 million SPAC. Elites like Williams and O’Neal have also invested in SPAC and launched one of their own.?SPACs are Special Purpose Acquisition Companies, which are the investments raised in order to acquire a private company before taking it into the public.?
Alex’s SPAC is known as Slam Corp. It was seeking to raise $575 million in its debut while looking to acquire a firm in sports, media, and wellness. Whereas the NBA legend has two SPACs. They are Forest Road Acquisition Corp. (which took Beachbody public) and Forest Road Acquisition Corp. II.
On the other hand, the tennis legend Serena Williams’ SPAC is known as Jaws Spitfire Acquisition Corp. It is one of the real-estate investors Barry Sternlicht?s SPACs.
What are some other businesses that A-Rod is a part of?
Aside from being the chairman and CEO of his investment firm, A-Rod Corp, Alex is the chairman of Presidente Beer.?
Other than this, he is also a part owner of the NBA team, the Minnesota Timberwolves. Although it did not go as A-Rod planned, the former Yankee almost bought the MLB franchise, New York Mets, in 2020. However, it did not stop him from increasing his net worth and being the leading man in the MLB world.
Watch this story:?From Alex ‘A-Rod’ Rodriguez to Derek Jeter: Here are the top 5 richest MLB players of all time
Given his massive success in his post-retirement career, don’t you think the Yankees legend has opened a door for the next generation of athletes?
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Edited by
Abhishek Kumar