At 18 Years of Age, Alex Rodriguez Took a Massive Gamble With His Prized Rolex Watches That Later Formed a $1 Billion Empire

The name Alex Rodriguez is one that needs almost no introduction. He is regarded as one of the wealthiest retired baseball players from the start of his career till now and almost all of his life has been a figure in the media. Whether it is about his career or his personal life, almost everything always gets available for everybody to see. 

After all, the man has done wonderful things to reach where he is in his life. The man has seen two dreams for a major part of his life; First, to play baseball professionally and the other to become a businessman. And he fulfilled them both. A-Rod started his investment firm in 1995 and apparently had to sell his precious keepsakes to start the business. 

Why did Alex Rodriguez have to sell his precious possessions?

The icon Alex Rodriguez, when he first signed a contract, as any normal person would do, splurged. Therefore, when he wanted to start his firm, he needed funds. So he sold his Rolexes in order to collect funds for his venture. 

“When you’re from Miami like I am, the first thing you do when you sign a professional contract is you buy a nice car, and you buy a Rolex, so that’s what I did,” said Alex while talking about the reason he had to sell his precious Rolexes.

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As an eighteen-year-old, it was a big step for him, and fortunately, it all turned out in his favor. A-Rod Corp became one of the reasons Alex became the wealthiest baseball player. Not only this but what also helped his monstrous net worth to become $400 million is his being the CEO of Presidente Beer and also the co-owner of the NBA team, Minnesota Timberwolves. 

What does A-Rod corp do?

A-Rod Corp is an investment firm that backs promising businesses with internal and external capital, works with championship teams, and creates value for investors. 

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Over the years, he has worked pretty hard to become who he is today. He made mistakes, but he paid for them as well.