(*5*)(*7*)What was Mickey Mantle’s Net Worth?
Mickey Mantle was an American professional baseball player who had a net worth of $10 million at the time of his death. Mickey Mantle was born in Spavinaw, Oklahoma in October 1931 and passed away in August 1995. He was a center fielder who was a switch-hitter and threw right handed. Mantle played for the New York Yankees his entire Major League Baseball career from 1951 to 1968. He was a 20-time All-Star and seven-time World Series champion. Mantle won three American League MVP Awards and was a four time AL home run leader and one time AL RBI leader. He won the Triple Crown in 1956 and a Gold Globe Award in 1962.
Mickey Mantle’s #7 was retired by the New York Yankees and he was named to the Major League Baseball All-Century Team. In 1974 Mantle was inducted into the Baseball Hall of Fame on the first ballot. Mickey Mantle passed away on August 13, 1995 at 63 years old.
Mantle’s first baseball contract in 1951 paid him $7500 (that’s the same as $70,000 after adjusting for inflation). His last contract paid him $100,000 per year (the same as $800,000 after adjusting for inflation). In total, Mickey earned $1,128,000 during his career. After adjusting for inflation, he earned around $9 million from his various contracts.
Mantle was born on October 20, 1931 in Spavinaw, Oklahoma to parents Lovell and Elvin “Mutt” Mantle. Mantle was named in honor of Mickey Cochrane, a Hall of Fame catcher in baseball. When Mantle was four years old, his family moved to Commerce, Oklahoma, where his father worked in lead and zinc mines. Mantle began attending school there and was an all-around athlete at Commerce High School. When he was a sophomore, he was kicked in the left shin during football practice which resulted in him developing osteomyelitis, an infectious disease. Due to his parents’ quick action in driving him to a hospital in Oklahoma City, his leg was saved from amputation.
Mantle began his professional career in baseball in Kansas with the semi-professional Baxter Springs Whiz Kids. In 1948, Yankees scout Tom Greenwade came to Baxter Springs to observe one of Mantle’s teammates. However, Mantle stole the show after hitting three home runs. After Mantle graduated from high school, Greenwade returned to sign Mantle to a minor league contract.
Mantle was assigned to the Yankees’ Class-D Independence Yankees of the Kansas-Oklahoma-Missouri League, where he played shortstop. In 1950, Mantle was promoted to the Class-C Joplin Miners of the Western Association. He won the Western Association batting title and was then invited to the Yankees instructional camp before the 1951 season. After an impressive spring training, the Yankees manager decided to promote Mantle to the major league team as a right fielder. He was assigned the #6 uniform, which signified that he was expected to become the next star of the team, as Babe Ruth had worn #3, Lou Gehrig had worn #4, and Joe DiMaggio had worn #5.
Mantle began playing with the Kansas City Blues, the Yankees’ top farm team. After a brief slump, he began dominating games and was called up to the Yankees after 40 games with Kansas City. He hit 13 home runs in 96 games. However, during the second game of the 1951 World Series, he tripped over a drain pipe and severely injured his right night. This would be the first of many injuries that would plague Mantle’s 18-year long career.
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