Miguel Cabrera Net Worth: Lifestyle & Income

Venezuelan professional baseball player, Miguel Cabrera, has a Net Worth of $125 million. He is better known by his nickname “Miggy.”

Miggy is a baseball first base and designated hitter for the Detroit Tigers of Major League Baseball (MLB).

He has been awarded American League’s Most Valuable Player award twice, 11 times MLB All-Star, and four-time AL batting champion since his debut in 2003.

Miggy became the 28th member of MLB’s 500 home run club in August 2021.

Moreover, he primarily played left, and right field before 2006 and currently plays at the first and third base. He began his MLB career in 2003 after joining Florida Marlins.

Moreover, he claimed 17th MLB triple-crown in the year 2012.

Furthermore, Miggy achieved a career-high batting average of .348.

Miggy was signed as a free agent in 1999 by the Marlins.

Miguel Cabrera, originally Jose Miguel Cabrera Torres, was born on 18th April 1983 in Maracay, Aragua State, Venezuela. His parents are Miguel and Gregoria Cabrera.

Miguel Cabrera: Quick Facts

Miguel Cabrera: Net Worth and Income

Venezuelan professional baseball player Miguel Cabrera “Miggy” has an astonishing net worth of $125 million as of 2021.

Miggy signed a contract with Detroit Tigers on 22nd March 2008 for eight years. The contract was worth $152.3 million.

In fact, the deal was the fourth largest in baseball history at the time.

Similarly, the deal was also the largest in Detroit Tigers history. In 2008 Miguel earned $11.3 million and was to receive $20 million each year until 2015.

He eventually signed $248 million worth of contract extension over the following eight years.

In 2021 his base salary is $30 million.

The figures mentioned above are just salaries and contract value.

The contract also facilitates other earning options, including $8 million buyouts, MVP bonus $2 million, All-star MVP $100,000, Gold Glove, and Silver Slugger $100,000.

Additionally, contract also has an option of $150,000 LCS MVP, $200,000 WS MVP, MVP Voting (6-10) $100,000, MVP Voting (2-5) $200,000, $50,000 All-star selection, Hank Aaron Award $250,000 and $1 million WS MVP + Hank Aaron + MVP.

Reportedly, Miggy made more than $30 million between June 2017 and June 2018 on endorsements and salaries, making him one of the highest-paid athletes in the globe.

If we were to calculate his career earnings, Miguel has earned more than $330 million in salary alone, let his endorsement deals and his side ventures.

Miguel Cabrera’s Earnings

Miguel Cabrera: Net Worth in Different Currencies

So, let’s have a closer look at the net worth of Miguel Cabrera in several currencies, as of December 2023.

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Miguel Cabrera: Houses and Cars

Houses

Miguel listed a house located at 380 Fairfax Street 5,762 square feet seven-bedroom, seven-bathroom in 2016 for $2 million.

The home features a movie theater, spacious backyard, and a library and is considered a modest mansion by many observers.

Moreover, Miguel splashed about $3.2 million in property in 2015 in Grosse Pointe Farms.

The main house on the property spreads about 11,175 square feet over six bedrooms. The overall area spans about 2.5 acres with a long driveway, eight-car garage, and a swimming pool.

Cars

Miguel Cabrera has been spotted in several vehicles over the years, including Chrysler 300, which costs about $31,000, Chevrolet Silverado pickup truck worth about $41,000.

Miguel Cabrera: Lifestyle and Vacations

Lifestyle

Miguel married Rosangel on June 17, 2002. Together they have three children.

However, it was reported that Rosangel had filed for a divorce in 2017, but she ultimately changed her mind and continued with the marriage.

Moreover, Miguel has been involved in his share of controversies and legal issues over the years.

Miggy spent over three months in a treatment center to address substance abuse issues.

According to ESPN, he was arrested by Miami PD for driving under the influence and resisting arrest in 2011 in Florida.

Similarly, Miggy’s mistress named Belkis Rodriguez won $1 million worth of mansion and $12,000 in child support in 2017 after successfully filing a paternity lawsuit against the designated hitter.

She gave birth to two of Miguel’s children. Even though she was getting child support, she decided to sue Miguel for further compensation.

According to her lawyer, she decided to sue Miguel for at least $100,000 per month for child support as that would allow her children to enjoy a similar standard of living to that of his legitimate children.

However, the court did agree to increase her child support but not $100,000 a month but instead $20,000 a month.

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Miguel Cabrera: Charity

Miguel Cabrera has been very kind to those in need. He has been involved in several charitable organizations.

Most of his charitable deeds are carried out by his own organizations named Miguel Cabrera Foundations.

Similarly, he supports Detroit Tiger Foundation.

Moreover, back in 2020, the first baseman of Detroit Tigers, Miguel Cabrera, along with his wife Rosangel, donated $250,000 to Detroit area children for COVID-19 relief.

Out of total quarter-million dollars, $140,000 went towards the Detroit Police Athletic League, Boys & Girls Clubs of Southeast Michigan, and Brilliant Detroit.

Similarly, $50,000 went to Detroit Public Schools Foundation, and another $50,000 went to Detroit Public Schools Community District.

And remaining $10,000 was reserved for Children Initiative and Detroit Families for G1 Impacts 100,000 Masks.

Miguel Cabrera: Movies, Endorsements, and Investments

Miguel has also appeared in a few documentary series over the years, including the 2003 TV series, the 2003 National League Championship Series, and the 2004-2014 TV series Sunday Night Baseball.

Endorsements

It has been reported that Miguel made about $30 million between 2017 and 2018 in salary and endorsements.

He bagged anywhere between $150,000 to $200,000 per year from endorsements.

Since Miggy is one of the famous baseball players of all time, he has been a part of several big brands.

He has endorsed Sony PlayStation, Bozeman Watch Co, Oakley sunglasses, and T-Mobile.

Investments

Miguel tried his hands in the business, but it seems like the only thing that favors the player is his game.

In 2016 he launched a candy company, but it melted down into clashing lawsuits.

Both sides sued for about $750,000 in damages.

Later Cabrera and his wife Rosangel claimed that they lost at least $2.1 million on the business venture as the company’s sole investors.

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Miguel Cabrera: Career

Miguel signed one year contract with Florida Marlins worth $7.4 million in 2007.

He also participated in his fourth consecutive All-Star game. At the end of the year, he was traded to Detroit Tigers.

After which, he also signed an eight-year contract with the Tigers, which was the fourth largest in baseball history.

However, during a game against the Cleveland Indians in 2010, he suffered an ankle injury.

Furthermore, Miguel won his first career batting title with the AL batting title in 2011.

Similarly, Cabrera went one step further by winning the Triple Crown in 2012.

Also, Miggy had 44 home runs, 139 RBIs, and a .330 batting average, which was better than any other player in the MLB.

He signed his extension with the Tigers in 2014 following his second MVP win in 2013.

Several other honors and titles came over the next years, and in 2021 Miggy became Detroit Tiger’s second player to record 2,000 hits and 350 home runs.

Unknown Facts About Miguel Cabrera

• Miguel was suspended for seven games in 2017 following a fight between Detroit Tigers and New York Yankees.
• Miggy is also the fifth-highest in all-time list awardee of Player of the Month Award, which he has won six times. It is selected by a poll conducted by baseball writers and analysts.
• Miguel has won the Sporting News Player of the Year Award, which is considered the most prestigious award given to the single-player for the most outstanding season. He also became one of the four players to have won it in consecutive years in 2012 and 2013.
• Moreover, Miguel played the 2003 season for Double-A Carolina Mudcats before actually debuting for the Florida Marlins in Major League on 20th June 2003.

FAQs

Will Miguel Cabrera hit 500 home runs?

The first baseman of Detroit Tigers, Miguel Cabrera, hit his 500th home run against Toronto Blue, becoming the 28th member of the 500 home run club. Similarly, he also is the first-ever player to hit the 500th home run in Detroit Tigers uniform.

Is Miguel Cabrera retiring?

He is indeed retiring but not so soon. He plans to retire after the 2023 season, which gives him more than one and a half year window to perform even better and make history. As soon as his contract with the Tigers expires, he will retire as per Miguel himself.

Is Miguel Cabrera in the Hall of Fame?

One of the most iconic players in Major League history has a Hall of Fame resume, which includes two MVP Awards and triple crowns in 2012, three batting titles, 44 season streak without one Major League Baseball, and World Series ring. With a resume like that, he sure will be inducted into the Hall of Fame in the future.

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