Miguel Cabrera Net Worth: Career, Contracts, and Investments

June 2, 2024

Miguel Cabrera, often referred to as "Miggy," is a Venezuelan professional baseball player with a notable career and substantial net worth of $145 million. Recognized as a two-time American League MVP and an 11-time MLB All-Star, Cabrera's journey in Major League Baseball has been nothing short of remarkable. He began his MLB career in 2003 with the Florida Marlins before being traded to the Detroit Tigers in 2007.

"Miguel Cabrera" by Keith Allison is licensed under CC BY-SA 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by-sa/2.0/.

Career Milestones

Throughout his career, Cabrera has achieved significant milestones, cementing his status as one of baseball's greats. In 2012, he won the prestigious Triple Crown, marking a historic achievement in his career. Along with this, he has secured numerous batting titles, showcasing his exceptional talent and dedication to the sport.

"2009 Feb 28 Tigers #3b Miguel Cabrera" by Tom Hagerty Photography is licensed under CC BY-NC-SA 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by-nc-sa/2.0/.

High-Profile Contracts

Cabrera's financial success in baseball is evident from his impressive earnings. Over his career, he has amassed over $330 million in salary alone. One of his most notable contracts was an 8-year, $248,000,000 extension with the Detroit Tigers in 2016. His career earnings total $393,188,684, with significant salary increases over the years. Cabrera's current salary stands at $32,000,000 per year, and he continues to play as a Designated Hitter for the Detroit Tigers.

Personal Life and Relationships

In his personal life, Cabrera has three children with his wife, Rosangel. However, his life hasn't been without controversy. There have been reports of legal issues, including instances of alcohol abuse and a paternity lawsuit involving his mistress, Belkis Rodriguez.

"2010-02-23 #1 Miguel Cabrera" by Tom Hagerty Photography is licensed under CC BY-NC-SA 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by-nc-sa/2.0/.

Real Estate and Investments

Cabrera's financial investments extend beyond his baseball contracts. He has owned multiple properties, including a mansion in Birmingham and a larger home in Grosse Pointe Farms. His investments also include companies like Bitbits and real estate ventures in Venezuela.

Category Details
Full Name Miguel Cabrera
Nickname Miggy
Nationality Venezuelan
MLB Debut 2003 with Florida Marlins
Teams Florida Marlins (2003-2007), Detroit Tigers (2007-present)
Career Achievements 2x American League MVP, 11x MLB All-Star, Triple Crown Winner (2012)
Net Worth $145 million
High-Profile Contracts 8-year, $248,000,000 extension with Detroit Tigers in 2016
Career Earnings $393,188,684
Current Salary $32,000,000 per year
Personal Life Married to Rosangel, 3 children
Real Estate Mansion in Birmingham, home in Grosse Pointe Farms
Investments Bitbits, real estate ventures in Venezuela
Endorsements New Balance, Wilson, Oakley
Charitable Work Miguel Cabrera Foundation – supports youth baseball programs and scholarships
Farewell Gifts $80 wine bottle from Oakland Athletics
Projected Net Worth in 2024 $125 million

Endorsements and Charitable Work

Beyond his earnings from baseball, Cabrera has secured endorsements with major brands such as New Balance, Wilson, and Oakley. These deals further contribute to his net worth. Despite his wealth, Cabrera is known for his charitable endeavors. Through the Miguel Cabrera Foundation, he supports youth baseball programs and scholarships, demonstrating his commitment to giving back to the community.

Farewell Gifts and MLB Legacy

As Cabrera approaches the twilight of his illustrious career, various MLB teams have honored him with unique farewell gifts. Notably, the Oakland Athletics presented him with an $80 wine bottle, which, despite fan criticism, Cabrera accepted with a smile. This moment was part of a memorable farewell ceremony that will be cherished in MLB history.

Overall, Miguel Cabrera's career, financial success, and contributions to baseball reflect a legacy defined by talent, perseverance, and a keen sense of business acumen. His projected net worth in 2024 is estimated to be around $125 million, showcasing his continued influence and success both on and off the field.

Frequently Asked Questions

Who is Miguel Cabrera?

Miguel Cabrera, often known as "Miggy," is a Venezuelan professional baseball player. He has had a remarkable career in Major League Baseball since debuting in 2003 with the Florida Marlins and later joining the Detroit Tigers in 2007. He is a two-time American League MVP and an 11-time MLB All-Star, with a net worth of $145 million.

What are Miguel Cabrera's career milestones?

Cabrera's career highlights include winning the prestigious Triple Crown in 2012 and securing numerous batting titles. His achievements have solidified his status as one of baseball's greats.

How much has Miguel Cabrera earned from his contracts?

Miguel Cabrera has earned over $330 million in salary alone, with his most notable contract being an 8-year, $248,000,000 extension with the Detroit Tigers in 2016. His career earnings total $393,188,684, and his current annual salary is $32,000,000.

Is Miguel Cabrera married?

Yes, Miguel Cabrera is married to Rosangel Cabrera, and they have three children together. Despite some personal controversies, such as legal issues and a paternity lawsuit, he maintains a stable family life.

What real estate and investments does Miguel Cabrera own?

Miguel Cabrera has invested in multiple properties, including a mansion in Birmingham and a home in Grosse Pointe Farms. His portfolio also includes investments in companies like Bitbits and real estate ventures in Venezuela.

What endorsements does Miguel Cabrera have?

Miguel Cabrera has endorsement deals with major brands such as New Balance, Wilson, and Oakley. These endorsements contribute significantly to his net worth.

What charitable work does Miguel Cabrera engage in?

Through the Miguel Cabrera Foundation, he supports youth baseball programs and scholarships, showing his commitment to giving back to the community.

What kind of farewell gifts has Miguel Cabrera received?

As Miguel Cabrera approaches the end of his illustrious career, various MLB teams have honored him with unique farewell gifts. One notable gift was an $80 wine bottle from the Oakland Athletics, which became a memorable moment in MLB history.

Who is the richest baseball player?

While Miguel Cabrera is among the wealthiest baseball players with a significant net worth, the title of the richest baseball player is often debated and varies over time. Players like Alex Rodriguez and Derek Jeter have also been among the richest in MLB history.

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JJ Sterling
As the co-founder of Urban Splatter and an architecture graduate from Chicago, I thrive on crafting a digital nexus where architectural innovation intersects with boundless digital opportunity. My academic roots in the Windy City's rich architectural tapestry inspire a unique vision for Urban Splatter's journey into the ever-evolving digital frontier of design. Join us as we navigate the exciting confluence of structure, style, and technology.

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