$350 Million Worth Alex Rodriguez Reveals How Money Forced Him to Move Every 18 Months During His Childhood

Rock bottom wasn’t a surprising sight for the ex-Yankees slugger Alex Rodriguez who hit the stone twice. First, when his father abandoned his family in Miami. Second, when his MLB steroid scandal completely took off and ruined his legacy in Major League Baseball.

However, every time A-Rod hit rock bottom, he found a way to climb back up, and very successfully, too. Back in his younger days, when his father abandoned his family in Miami, the slugger, his two siblings, and his mother faced multiple ordeals. To make ends meet, his mother started working two shifts a day. Simultaneously, their family faced multiple issues with rent and landlords.

How did landlords and perpetually varying rent affect Alex Rodriguez and his childhood?

In a recent episode of the Money Maze Podcast, the 14-time All-Star speaks about his family’s struggle with rent and landlords growing up. And how it eventually transformed into a dream that he wanted to accomplish.

While talking about the same, the former Yankee said, “Because we were lifelong renters, I understood that as a child we had to move every 18 months cause the landlord kept raising the rent. And I remember as a young boy praying that if I could ever switch places with a landlord, I would certainly do that.”

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In the same segment, A-Rod moved to talk about the success he’s achieved, and how his dream of becoming a landlord eventually succeeded.

He said, “And about a dozen years later, I got my first opportunity to buy a small duplex when I was still playing with the Seattle Mariners in my early days. And I bought that duplex, and I bought four units, and eight units, and that grew to over 10,000 apartments in about 14 different states.”

Alex Rodriguez’s business ambitions translated to the success of ‘A-Rod Corp’

Alex Rodriguez founded A-Rod Corp in 1996. After his retirement in 2016, the slugger returned to pursue his business ambitions. And eventually grew A-Rod Corp to a brand new height. Today, as a venture capitalist, and with A-Rod Corp as his holding company, A-Rod Corp’s biggest assets are the Waldorf Hotel in Washington D.C. and the NBA’s Minnesota Timberwolves.

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