A-Rod’s Financial Plan
Even the most avid baseball fan may not realize that A-Rod, who was one of the highest paid players in MLB history, says that committing to a financial plan from the onset enabled him to successfully make it from rags to riches.
Alex Rodriguez, more commonly known as “A-Rod,”, is a former World Series champion and Major League Baseball (MLB) all-star.
From the earliest stages of A-Rod’s career, when he couldn’t even afford to split a New York City cab ride with Derek Jeter, he had a wealth management strategy.
Rodriguez was determined to avoid falling victim to the major financial losses that commonly plague professional athletes. While he worked to establish himself as one of the greatest athletes of all time, A-Rod adopted a disciplined investment approach.
He spoke at the Wall Street Journal’s Future of Everything Festival on May 8. The conference focused on investment strategies and building a business off the field.
Rodriguez was a shortstop and third baseman who played 22 seasons in the MLB for the Seattle Mariners, Texas Rangers and New York Yankees. He was one of the sport's most highly touted prospects, and his last MLB game was in August 2016. He was a 14-time American League all-star and three-time MVP. He is also the career record holder for grand slams with 25. Rodriguez’s last MLB game was in August 2016, and he has since built businesses off the field.
Rodriguez is the CEO and founder of A-Rod Corp, a diversified investment company with a fully-integrated real estate development firm and holdings in an array of ventures. In recent years he has launched a career in the media, appearing regularly on several television networks.