Baseball players are among the wealthiest sports personalities in the world. They enjoy a great following; as a result, they are among the best paid professional players. Barry Bonds is among the few players that managed to stand out during his heydays. For this reason, Barry is among the wealthiest baseball players. Having retired in 2007, Barry played for Pittsburgh Pirates for a short while before joining the San Francisco Giants, one of the best baseball clubs in the world. Barry played for the Giants 15 years before his retirement in 2007. According to sources, Barry is worth well over $80 million dollars. The calculation for celebrity wealth mainly includes personal savings, investments, and assets.
Born on July 24th, 1964, Barry has stood out as one of the best baseball players in America of all times. He followed in the footsteps of his father and grandfather, both of whom were great baseball players. He has achieved various milestones during his time as a professional player, attracting huge bonuses and endorsements that contributed to his wealth.
Bonds started playing baseball at Arizona State University, where he was spotted by the Pittsburgh Pirates. He appeared for Pittsburgh Pirates in the 1985 Major Baseball League and remained at the club for about 7 years. In 1993, Bonds was signed by the San Francisco Giants where he remained for 15 years. Until his retirement in 2007, Bonds had enjoyed 22 years of professional baseball. Having a great career does not always translate to amassing wealth. So how exactly did Barry Bonds accumulate his $80 million net worth?
Barry Bonds Wealth Sources
Although Bonds wealth is distributed through his assets and financial investments, most of his wealth was accumulated through his baseball career. In 1963, the first contract that Barry Bonds signed with San Francisco Giants was worth $ 43.75 million which is equivalent to $ 75.9 million in current terms. This was the first big deal signed by Bonds and was a contract that exposed him to plenty of bonuses and endorsements.
By the year 2002, Barry was a big name in the baseball field having achieved much under the pirates and the Giants. He signed another 5-year record contract worth $90 million with the San Francisco Giants. This contract with the Giants played a major role in his wealth accumulation. It is during this time at the Giants that he received the highest number of endorsements. It is speculated that over the years of his contract at Giants he must have accumulated more than his salary in bonuses and endorsements.
In the year 2005, Bonds salary was a record $22 million, which was the second highest in the Major League. In the year 2006, Bonds earned $20 million in salary, without including bonuses. In just 2 years, Bonds managed to accumulate over $42 million hard money, without including bonuses and endorsements. Given that this period was close to his retirement, it is believed that Bonds invested most of the money and it contributes largely to his current net worth.
By the end of the year 2006, Bonds had earned a total of $172 million throughout his baseball career. It is important to note that Barry had enjoyed much public attention and participated in many multi-million advertisements and sponsorship deals throughout his career. It is estimated that Bonds must have earned an amount equal to his salary from bonuses and other sources during this period.
Barry earned great bonuses for his achievements on the pitch during several seasons. For instance, Barry won the Most Valuable Player Award a record seven times during his career. He is also a 14 times All-Star player and an 8 times Golden Glove Award winner. All these awards attracted huge amounts of money, which must have played a major role in his wealth.
Distribution Of Barry Bonds Wealth
Barry’s wealth is distributed through personal savings, personal investments, and assets. One of the biggest clues to Barry’s wealth is personal assets. In 2013, Bonds listed his house in Beverly Hills For sale at a whopping $25 million at the time. Bonds has owned several properties and private cars throughout his life and is believed to own a home that is wort above $20 million. However, most of Barry Bonds wealth lies in personal investments. More than 60% of Barry’s wealth lies in private investments including stocks and bonds.
Given that Barry accumulated a salary of $20 million in 2006 and $22 million in 2005, it is no secret that his wealth is well above stipulated amount. The main reason why Barry might have lost so much money over the years is that he was involved in many scandals at the end of his career. By the year 2007, Barry was battling several cases that involved the use of steroids to boost his productivity on the pitch. Although none of the allegations against him have been substantively proved, Bonds spent a lot of money on working out his cases and paying lawyers. With that said, even such cases and their magnitude could not wipe away the wealth accumulated over the years. When Bonds listed his Los Angeles house for sale in 2013, there were speculations that the former star player was broke. However, a Forbes publication detailing the wealth of the star showed that Barry as more wealth than you can imagine. His collection of 5000 cards and assorted game-used bonds is worth a fortune. Further, there is proof that Bonds has insured his father’s fielders glove for $1 million.
Barry Bonds is one of the most celebrated American Baseball Players. Throughout his career, Bonds has managed to amass a lot of wealth that contributes to his current $80 million net worth. Although bonds endured a lot of scandals in his last years as a baseball player, he is still one of the best-paid players within history. He managed to accumulate over $40 million in salary during his last two years as a player. He is also among the players who received most endorsements and commercial deals during his career. Barry now owns several homes and trades bonds with most of his wealth stored in private investments.