Mike Trout net worth, salary and sources of wealth analysed.
|Net Worth:||$60 Million|
|Salary:||$36 million per year|
|Date of Birth:||7 August 1991|
|Age:||29 years old|
|Source of Wealth:||Professional Baseball Player|
Mike Trout is a professional baseball player who plays in Major League Baseball for the Los Angeles Angels as a centerfielder. Hailed as one of the best baseball players in the world, Mike Trout has consistently put up incredible performances in the league which has earned him several honours, records as well the respect and admiration of baseball fans. Right from an early age, Trout had shown great promise in baseball which he lived up to in the league. One of the youngest players to have achieved incredible feats in the MLB, Trout who is a versatile player prefers hitting low pitches in the strike zone.
His preference for low pitches which may have to do with his style of play has seen him achieve significant results. Despite being a talented player capable of producing top performance, which has earned him several individual laurels, Trout has not won a World Series, a title that every player in the MLB dreams of winning. As Trout chases World Series glory, fans are sure to see the star produce nothing short of exceptional performance.
With an emphasis on Mike Trout’s wealth, we review his early life, career, salary, endorsements, luxury lifestyle, and takeaways from his wealth and success.
Mike Trout is the youngest of three children born to Jeff Trout and Debbie Trout. Trout was born in New Jersey, to a family who loved baseball. His father, Jeff, was a baseball player at the University of Delaware and went on to play in the MLB after he was picked in the 1983 MLB Draft by the Minnesota Twins in the fifth round. He proceeded to play baseball in the minor league before he came down with knee injuries which marked the end of his career. Coming from a family connected to baseball, Mike Trout came to love the game deeply.
He loved the game so much that he played and also followed the MLB. Young Trout was a staunch supporter of the Philadelphia Phillies and Trout who was a teenager when the Phillies won the 2008 World Series attended their parade. In order to develop his baseball prowess, young Trout began playing in the Cal Ripken Baseball league. At Millville Senior High School, Trout played baseball and he performed outstandingly. Aside from baseball, Trout played basketball and travel ball. Trout committed to East Carolina University.
Career Summary, Accomplishments & Contracts
Trout decided against playing college baseball and went on to enter the 2009 MLB Draft. He was selected by the Los Angeles Angels as the Draft’s 25th overall pick. After signing a multi-year contract with the Angels, Trout went on to play in the Angels minor league system. His performance in the 2010 season earned him the Topps Minor League Player of the Year award. In 2011, following the injury of an Angel squad member, Trout was promoted to the Angels squad. He alternated between the Major league and minor league systems during the 2011 season. His performance during the season earned him the USA Today Minor League Player of the Year Award.
In 2012 Trout signed a one-year deal worth $482,500 with the Angels. That season, Trout’s performance which was incredible earned him the American League Rookie of the year award. He also added a Fielding Bible Award, and Silver Slugger award to his win. In 2013 he signed another one-year $510,000 deal with the Angels. His performance that season made him a finalist for the AL MVP award. Ahead of the 2014 season, it was reported that Trout will be offered a six-year deal worth $150 million, but the star was offered a one-year deal worth $1 million. The deal was later upgraded to a six-year $144.5 million deal. That season, Trout won the AL MVP award and the All-star game MVP award.
By the 2015 season, Trout had won four successive Silver Slugger awards. He also won the Best Major League Baseball Player ESPY Award and finished second in the MVP race. In 2016, Trout produced another spectacular performance which earned him a second AL MVP award, and also the Best Major Leaguer award.
Trout’s 2017 and 2018 seasons were good, but without the individual laurels which he often won. In 2019, Mike Trout signed a 12-year deal with the Angels worth $426 million. The contract ranks as the richest in North American sports history. The contract boasted Trouts’ performance as he claimed his third AL MVP award, making him the second active player in the league to win three MVP awards.
Below are some of the best Mike Trout’s career highlights.
- 3× AL MVP (2014, 2016, 2019)
- AL Rookie of the Year (2012)
- 7× Silver Slugger Award (2012–2016, 2018, 2019)
- 2× AL Hank Aaron Award (2014, 2019)
- AL RBI leader (2014)
- AL stolen base leader (2012)
- 30–30 club (2012)
Mike Trout Net Worth in 2020
Mike Trout’s Net worth is valued at $60 million in 2020. His $60 million fortune, a significant figure for a player of his age in the MLB, ranks as one of the richest for his age group in the MLB. Trout’s 2019 $426 million contracts had an incredible impact on his net worth. Within the next few years, with earnings from his multi-million dollar contract coupled with endorsement earnings from his expanding endorsement portfolios, Trout’s net worth could rise to as much as $100 million.
Aside from endorsement, Mike Trout may well follow the path of other athletes in establishing a solid business venture in preparation for life after retirement, which could have a solid impact on his net worth.
Mike Trout Salary in 2020
Mike Trout who is in the early years of his 12-year deal worth $426 million with the Los Angeles Angels which includes a $20 million signing bonus will earn $36 million in base salary in the 2020 season. With other bonuses, Trout’s salary is estimated to be around $37,666,666.
Mike Trout Endorsements in 2020
With much of his earnings coming from his paychecks in the MLB, Mike Trout endorsement portfolio which is underwhelming for a star his calibre in sports, but not surprising, as baseball enjoys little recognition in the US and internationally. The star has earned about $3 million in endorsements. Despite the factors which bring down his marketability, Trout has secured deals with Nike, BodyArmor, Topps, and Rawlings.
Mike Trout Luxury Lifestyle
Living among the super-rich in Los Angeles can be really expensive, but for a star like Mike Trout who earns millions annually, the LA glamorous lifestyle is well within his capacity.
Mike Trout lives in a $9.15 mansion in Newport Beach. The house which covers 9,000 square feet has six bedrooms, eight bathrooms, a wine cellar, a wet bar, a sauna, a billion rooms, and a spa. The three-story mansion which overlooks the beautiful city and ocean has a wide swimming pool.
Mike Trout’s car collections include a McLaren Mercedes SLR, a Chevrolet Silverado, a Ford F-150 Raptor, and a Corvette Stingray.
Lessons from Trout’s Wealth, Success & Fame
Now that you know the interesting story about Mike Trout’s rise to fame, his wealth, and how he became successful, here are lessons from the MLB star.
1. Nothing beats Passion
Mike Trout’s success in baseball emanates from his intense passion for the sport. That passion moved him to pursue a career in the sport and also train vigorously to succeed.
2. Create a name for yourself
Despite the fact that Trout’s father was a baseball player who was fairly recognized in the baseball world, Trout strove to create a name for himself with his own success.
In 2020, Mike Trout’s net worth is valued at $60 million. Trout’s salary as of 2020 is valued at $36 million per year. The source of his wealth is majorly from his profession as a baseball player.
Passion provides the motivation for success, which will in time create a name for an athlete. What are your thoughts about Mike Trout net worth? Feel free to share with us in the comments section below.