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Home»MLB»I used to be richest MLB participant however am now NBA proprietor who's launching $1 billion mission

I used to be richest MLB participant however am now NBA proprietor who's launching $1 billion mission

Sports EditorBy Sports EditorJuly 10, 20254 Mins Read
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I used to be richest MLB participant however am now NBA proprietor who's launching  billion mission
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Alex Rodriguez has large plans.

The previous New York Yankee nice and Minnesota Timberwolves co-owner is trying to give again to his nation of heritage, the Dominican Republic.

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Rodriguez has grown his enterprise portfolio since retiring from baseball in 2016Credit score: Getty

Rodriguez is about to speculate $1billion in direction of a serious actual property growth within the Río San Juan and Cabrera space that may include  577 ‘ultra-luxe’ items, together with each villas and condominium items.

He’s teaming up with Tourism Minister David Collado to assist lead the mission.

The 2 shared their pleasure within the official press launch asserting the mission.

“This funding is an unprecedented initiative for our nation that may convey extraordinary progress to luxurious tourism in our nation and for the northern area and the communities of Río San Juan and Cabrera,” Collado stated.

Rodriguez echoed his companion’s sentiments.

“I like the Dominican Republic. It’s my nation,” he stated.

“And with the ability to take part in such an iconic mission will entice the world’s most influential individuals to come back to the Dominican Republic and benefit from the exclusivity of Playa Grande and the heat and good vibes of the Dominican individuals.”

“From tourism, we preserve attracting funding and producing growth,” Collado instructed the Caribbean Journal. “The Dominican Republic is in vogue.”

Whereas Rodriguez was born in New York Metropolis, each of his dad and mom are from the DR, and he’s now going to offer again in a colossal method.

Every thing appears to be going the previous AL MVP’s method recently.

NEW YORK - OCTOBER 09:  Alex Rodriguez #13 of the New York Yankees celebrates after hitting a two run home run in the ninth inning against the Minnesota Twins in Game Two of the ALDS during the 2009 MLB Playoffs at Yankee Stadium on October 9, 2009 in the Bronx borough of New York City.  (Photo by Nick Laham/Getty Images)

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Rodriguez turned a pinstripe legendCredit score: Getty
The former Yankee great has a reported net worth of $350m

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The previous Yankee nice has a reported internet price of $350mCredit score: Getty

This previous spring, former Timberwolves proprietor, Glen Taylor, agreed to promote 100 per cent of possession to Rodriguez and Marc Lore.

It was a sophisticated sale that had been occurring over the previous few years however lastly reached a decision.

The 2 sides initially agreed to the $1.5bn value in 2021, and 4 years later, after just a few numerous obstacles, have lastly made it official.

Based on Forbes, the franchise itself is price $3.1bn, so Rodriguez and Lore appear to have obtained a fairly whole lot.

The person famously recognized merely as A-Rod, rose to fame and stardom as one among baseball’s hottest figures within the early Nineteen Nineties when he arrived to play for the Seattle Mariners, earlier than leaving for the Texas Rangers and finally, the Yankees.

From there, his fortune and recognition exploded by means of the roof.

Jason and Travis Kelce pressure Ben Affleck to interrupt silence on 11-year New York Yankees hearsay

Rodriguez was a 14-time All-Star and three-time AL MVP, twice with New York.

He helped the Yankees win their final World Collection championship, again in 2009, and finally retired in 2016.

By the point he hung up the cleats and put the bat down, Rodriguez was the best profession earnings in MLB historical past with $399,285,104.

He has since been handed by Justin Verlander and Miguel Cabrera.

Nevertheless, A-Rod wasn’t simply recognized for what he did on the sector. He discovered himself within the highlight away from the diamond loads of occasions, together with his very public relationship together with his ex-girlfriend.

And one of many world’s largest celebrities – singer and actor, Jennifer Lopez.

LOS ANGELES, CALIFORNIA - JANUARY 19: (L-R) Jennifer Lopez and Alex Rodriguez attend the 26th Annual Screen Actors Guild Awards at The Shrine Auditorium on January 19, 2020 in Los Angeles, California. (Photo by Frazer Harrison/Getty Images)

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Lopez and Rodriguez had been one of the vital standard {couples} on this planetCredit score: Getty

Rodriguez and Lopez started courting in early 2017, the place the 2 reportedly hit it off. They had been engaged two years later.

Nevertheless, in April 2021 they referred to as off the engagement and ended their relationship with each other.

The beat has appeared to go on for Rodriguez, as he acquired an NBA staff to his enterprise portfolio and is now serving to lead one of many largest actual property initiatives the Dominican Republic has ever seen.



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