Mookie Betts is not just one of the most talented baseball players, but he’s also one of the wealthiest in Major League Baseball (MLB). With an impressive career and numerous accolades, his financial success is equally noteworthy.
In this article, we will dive deep into Mookie Betts’ net worth, his journey to fame, major contracts, and much more.
What is Mookie Betts’ Net Worth?
As of 2024, Mookie Betts has an estimated net worth of $70 million, as reported by Celebrity Net Worth. His wealth comes primarily from his career as a professional baseball player. Betts has earned millions through both his contracts with the Boston Red Sox and Los Angeles Dodgers.
One of the key milestones in his financial journey was signing a 12-year, $390 million contract with the Dodgers in 2020, making it the second-largest MLB contract at the time. This deal came with a $65 million signing bonus and will see him earning around $32 million annually until 2034.
By the time the contract ends, Betts is expected to have earned a whopping $420 million.
Contracts and Earnings
Mookie Betts’ rise to wealth didn’t happen overnight, but rather through several impressive contracts that reflect his value as a player. His career began with a humble one-year contract with the Boston Red Sox in 2017, worth $750,000. After proving his worth on the field, Betts signed a $10.5 million contract for 2018, followed by a $20 million contract in 2019.
This income is supplemented by smart financial decisions, such as maintaining his Tennessee residence, which allows him to avoid state income taxes, potentially saving him over $40 million throughout his career.
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Early Life and Career Beginnings
Markus Lynn “Mookie” Betts was born on October 7, 1992, in Smyrna, Tennessee. His name, Mookie, was inspired by the initials “MLB”, reflecting his destiny to excel in Major League Baseball. Growing up, Mookie showed talent not just in baseball but also in basketball and bowling, a testament to his all-around athleticism.
Betts attended John Overton High School, where he excelled in baseball, hitting an impressive .548 during his junior year. He initially planned to attend the University of Tennessee on a baseball scholarship but changed his mind when the Boston Red Sox selected him in the 2011 MLB Draft.
This was the beginning of what would become a historic baseball career.
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Mookie Betts’ MLB Journey and Achievements
Mookie Betts began his professional career with the Boston Red Sox in 2014, making a name for himself with incredible performances.
By 2016, Betts was selected for his first MLB All-Star Game and was named AL Player of the Month. His 2018 season was arguably his best, as he led the Red Sox to a World Series victory, earning himself the American League MVP Award.
In 2020, Betts was traded to the Los Angeles Dodgers, where he continued to shine. That same year, he helped the Dodgers win the World Series, adding another significant accolade to his resume. Over the years, Betts has consistently earned Gold Glove Awards, Silver Slugger Awards, and numerous All-Star selections.
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Real Estate and Personal Life
Like many wealthy athletes, Mookie Betts has invested in real estate. In November 2020, he purchased a $7.6 million mansion in Encino, California, which he later listed for sale in 2023 at $10 million. Betts eventually lowered the price to $8.5 million before purchasing a new property in Encino for $15 million in December 2023.
Off the field, Betts is known for his close-knit family. He married his longtime girlfriend, Brianna Hammonds, in December 2021, and they have a daughter together. Betts also made headlines in 2021 when he announced that he had adopted a vegan lifestyle.
Mookie Betts’ Endorsements and Other Ventures
In addition to his baseball salary, Mookie Betts earns income from various endorsement deals with brands like Nike and BodyArmor. His charismatic personality and high level of play have made him a sought-after figure for partnerships and endorsements, contributing to his overall net worth.
FAQs
How much is Mookie Betts’ net worth?
As of 2024, Mookie Betts has an estimated net worth of $70 million.
What is Mookie Betts’ salary?
Mookie Betts earns an average annual salary of $32 million under his 12-year, $390 million contract with the Los Angeles Dodgers.
How much is Mookie Betts’ contract worth?
His contract with the Dodgers is worth $390 million over 12 years, with a $65 million signing bonus.
What are Mookie Betts’ major achievements?
Mookie Betts has won several awards, including AL MVP, World Series Champion (twice), Gold Gloves, and Silver Slugger Awards.