Net Worth Ranker
What Is Jose Canseco’s Net Worth?
Jose Canseco, the Cuban-American former Major League Baseball player, has a net worth of $900,000. This figure reflects his earnings from a career that included significant contracts and endorsements, offset by substantial spending and financial setbacks. While his peak earnings reached millions, Canseco has stated that he is no longer a millionaire, attributing this to taxes, family support, and divorce settlements.
Jose Canseco’s Baseball Career and Earnings
Canseco’s professional baseball journey began when he was drafted by the Oakland A’s in the 1982 MLB Draft. He played minor league ball with teams in the Florida State League, debuting professionally with the Miami Marlins, until his Major League debut on September 2, 1985, with the Oakland Athletics. In 1986, his first full season, he earned the American League Rookie of the Year award after hitting 33 home runs and recording 117 RBIs.
In 1988, Canseco publicly guaranteed that he would hit at least 40 home runs and steal 40 bases. He achieved this, hitting 42 home runs and stealing exactly 40 bases, thus becoming the first MLB player to accomplish this feat in a single season. This accomplishment established what is to this day known as “the 40-40 club.” That same season, the Athletics reached the World Series, but were defeated by the Los Angeles Dodgers.
In 1990, Canseco signed a five-year contract with Oakland for $23.5 million, which is equivalent to approximately $46 million today when adjusted for inflation. During this contract, he was traded, first to the Texas Rangers, then to the Boston Red Sox. His highest salary was $5.8 million, earned in 1995 while playing for the Boston Red Sox.
During his MLB career, Jose Canseco earned an estimated $45 million in salary before taxes and other expenses. These earnings came from various teams, including the Oakland A’s, Texas Rangers, Boston Red Sox, Toronto Blue Jays, Tampa Bay Devil Rays, and Chicago White Sox. He was a six-time All-Star, a two-time AL home run champion, a four-time Silver Slugger award winner, and a two-time World Series champion.
In 1992, Canseco was traded to the Texas Rangers. One notable, albeit unfortunate, moment in his career occurred in 1993 when a fly ball bounced off his head and over the wall for a home run while playing against the Cleveland Indians. In 1994, he rebounded, hitting 31 home runs and recording 90 RBIs during a season shortened by a players’ strike.
In 1995, he played for the Boston Red Sox. He later returned to the Oakland A’s in 1997. After stints with the Toronto Blue Jays and a three-year contract with the Tampa Bay Devil Rays, his last MLB appearance was on October 6, 2001, marking the end of his 16-year career.
Post-Baseball Ventures and Income Streams
After his baseball career, Canseco authored “Juiced: Wild Times, Rampant ‘Roids, Smash Hits & How Baseball Got Big” in 2005. In the book, he claimed that the majority of Major League baseball players used steroids throughout the ’80s and ’90s. This book and his subsequent outspokenness led to controversy and strained relationships with former teammates.
Canseco has participated in various television programs and celebrity events. He was a contestant on “The Celebrity Apprentice” and appeared on Season 5 of “The Surreal Life.” He has also been involved in celebrity boxing and martial arts competitions. In February 2021, he participated in a Pay-Per-View celebrity boxing match organized by Barstool Sports, reportedly earning $1 million for approximately 12 seconds of work.
In 2019, Canseco opened Jose Canseco’s Showtime Car Wash in Las Vegas, Nevada, featuring memorabilia from his baseball career. He has also written columns for “Vice” magazine and has gained a following on Twitter for his humorous and often bizarre statements.
Financial Challenges and Personal Life
Canseco has been married twice. His first marriage was to Esther Haddad, which ended in divorce in 1992. His second marriage was to Jessica Sekely, which ended in 2000. He and Jessica have a daughter named Josie Canseco, who is a model and social media star. Josie was “Playboy” Playmate of the Month in June 2016. She has also been noted for dating celebrities like Logan Paul.
Canseco has publicly discussed the financial impact of his divorces. In 2008, he stated on “Inside Edition” that his divorces cost him between $7 million and $8 million, contributing significantly to his financial difficulties.
In 2008, Canseco reportedly lost his $2.5 million, 7,300-square-foot mansion in Encino to foreclosure. In 2015, he was reported to be living in Las Vegas and offered a Twitter sweepstakes for ten fans to visit his home, although it’s uncertain if this prize was ever awarded.
In 2021, Canseco purchased a home in Las Vegas for $1.1 million. He listed this property for sale in September 2023 for $1.7 million. In March 2024, he re-listed the property for $1.6 million.
Reflecting on his financial situation, Canseco stated, “You know my life, this financial thing, is a very complicated issue. Obviously, when you make all that money, people think, ‘OK, let’s assume it is $35 million.’ People have to understand that $35 million, you’re paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you’re taking care of your whole family.”
