Net Worth Ranker
What Is Mike Napoli’s Net Worth?
Mike Napoli, a former American professional baseball player, has a net worth estimated at $35 million as of 2024. This wealth is primarily attributed to his successful career in Major League Baseball (MLB), where he played for several teams and earned substantial salaries and endorsements.
Mike Napoli’s Career Earnings
Mike Napoli’s career earnings from his MLB contracts total over $85.12 million. Here’s a breakdown of his earnings by team and year:
- Los Angeles Angels of Anaheim:
- 2007: $395,000
- 2008: $425,000
- 2009: $2,000,000
- 2010: $3,600,000
- Texas Rangers:
- 2011: $5,800,000
- 2012: $9,400,000
- 2015: $1,500,000
- 2017: $8,500,000
- 2018: $2.5 Million
- Boston Red Sox:
- 2013: $13,000,000
- 2014: $16,000,000
- 2015: $14,500,000
- Cleveland Indians:
- 2016: $7,000,000
- Cleveland Indians (2016) :
- Estimated 10 Million
His most lucrative contract was a two-year deal with the Boston Red Sox from 2014 to 2015, valued at $32 million. In 2013, Napoli played a crucial role in helping the Red Sox win the World Series, further boosting his market value.
Contract Details and Key Milestones
Throughout his career, Napoli signed several notable contracts:
- 2012: Signed a one-year, $9.4 million deal with the Texas Rangers to avoid arbitration.
- 2013: Initially agreed to a three-year, $39 million contract with the Boston Red Sox. However, after a physical revealed avascular necrosis in both hips, the deal was renegotiated to a one-year, $5 million contract with $8 million in bonuses based on games played and plate appearances. He earned the full $13 million in 2013 due to his performance.
- 2013 (December): Re-signed with the Boston Red Sox for two years at $32 million.
- 2016: Signed a one-year, $7 million contract with the Cleveland Indians.
- 2017: Signed a one-year contract with the Texas Rangers that included an $8.5 million salary for the season and an $11 million team option or a $2.5 million buyout for 2018.
A significant milestone in Napoli’s career was winning the World Series with the Boston Red Sox in 2013. During that season, he set career highs in several categories, including RBIs (92), hits (129), doubles (38), and runs (79). He was also named an All-Star in 2012.
Mike Napoli’s Other Ventures and Investments
Outside of baseball, Mike Napoli has also ventured into other areas, but specific details about his investments and endorsements are limited. It is known that he has invested in real estate, including a mansion in Florida.
Mike Napoli has also been involved in mentorship and investment in early-stage companies. He is the founder and Chairman of the Absolute Return Group, an institutional investment advisor. Mike was the Chief Investment Officer and head of Wilshire Associates Hedge Funds Group and Funds Management Division.
Napoli has been mentoring and investing in early stage companies since 1997. He is on the Board of Governors of the Tech Coast Angels and the President of its Inland Empire Network.He became the Chairman of its Board of Directors.
Napoli heads a growing and thriving network which recently announced total investments in 2010 of over $6 million, as well as several exciting exits that have attracted new membership in the organization.
Charitable Work and Legacy
Throughout his career, Napoli was involved in various charitable endeavors, often participating in community outreach programs and supporting causes related to children’s health and education. His legacy in baseball is marked by his leadership, versatility, and contributions to championship teams, leaving a lasting impact on the sport.
