MLB Legend Alex Rodriguez Unveils Two of $115 Billion Worth Warren Buffett’s Golden Rules That Helped Him Become a Millionaire

A superstar in the ballpark, Alex Rodriguez retired in 2016, to become an even bigger superstar. But this time, not in the field of baseball. Shortly after bidding adieu to his Pinstripes, A-Rod shifted all his focus to A-Rod Corp, and his success is visible in his net worth, which is $350 million today. But how did A-Rod become such a successful entrepreneur? The reason for his success roots back to his contract with the Texas Rangers, when he first interacted with billionaire Warren Buffett.

And eventually, Warren Buffett helped A-Rod’s future business ambitions, by giving him two tips, that potentially changed the course of A-Rod’s investment life.

What were the two investment tips Warren Buffett gave to A-Rod?

Bloomberg TV shared a video of Alex Rodriguez conversing with David Rubenstein about the way he first got in touch with Warren Buffett, which was through a cold email after the billionaire decided to insure A-Rod’s $252 million contract. The future 696-homer slugger spoke about their common love for baseball, and how he first got a response from Buffett.

A-Rod said, “One of the things that we have is [this] great connection about the love for baseball. And the reason why Warren and I got to know each other is that he ensured by contract, the 252. I reached out to him, and I said, ‘Warren, now that we’re business partners, maybe I can come see you in Omaha.’ I thought I would never get an email back. And Debbie, who’s been with him for over 40 years, wrote back and said, ‘How’s October?’ I said, ‘I’ll be there because we’re not going to the playoffs.’

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The $350 million worth business mogul continued to talk about the two rules of investing Warren Buffett endowed him with. He said, “The one thing that I always remember about Warren is he said, ‘Alex, you always want to be a gentleman. You want to be a great baseball player. And then the two rules of investing are, one, never lose money. And number two, don’t forget rule number one.”

Back when Warren Buffett helped Alex Rodriguez get $30 million from the Yankees

Notably, Warren Buffett’s advice helped A-Rod get an additional $30 million from the Yankees during contract negotiations in 2007. A-Rod opted out of his Yankees contract and found himself at an impasse with the Yankees’ front office, when he turned to his mentor, Warren Buffett, for guidance.

Warren Buffett suggested that A-Rod set up an incentive package for breaking home run records set by Hank Aaron, Babe Ruth, and Barry Bonds. Each record-breaking home run would come with a $6 million bonus, adding up to $30 million. A-Rod loved the idea and presented it to the Yankees’ management as his own. The front office was also impressed and ultimately agreed to the terms.

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Thanks to Buffett’s advice, A-Rod signed a 10-year contract with the Yankees worth a record-breaking $275 million.