Pete Rose Net Worth and Salary: Pete Rose is a retired baseball player and manager with a net worth of $3 million. Pete was also known as “Charlie Hustle,” having been a switch hitter who led the MLB in hits. With 4,256 hits, this remains an all-time record.
He’s also the all-time leader in games played, at-bats, singles, and outs in MLB history. During his career, he won three World Series, an MVP award, a Rookie of the Year Award , and two Golden Gloves.
Pete Rose Net Worth Explored
Rose became a manager for the Cincinnati Reds after retiring from playing baseball. This ended in controversy when Pete was banned permanently after being discovered gambling on baseball matches during his time as a manager. He subsequently apologized, revealing that he bet on his own team.
Rose was excluded from the Baseball Hall of Fame following this occurrence.
Pete Rose Early Life
Pete Edward Rose Sr. was born on April 14th, 1941, in Cincinnati, Ohio. Pete’s parents encouraged him to play sports since he was a kid, and he had three siblings with whom to compete.
He played football and baseball during his high school years, but his grades weren’t the greatest in the world, so he was held back for a year after his sophomore year.
Despite the fact that he had the chance to go to summer school and advance a grade, Pete’s father believed it was more essential for him to play baseball during the summer. By the time he reached his senior year, Rose was playing amateur baseball. After finishing high school, his uncle helped him sign a professional contract with the Cincinnati Reds.
Pete Rose Career
In 1963, while the Red’s regular first baseman was recovering from a groin problem, Rose debuted in a game with Pete pitching. After getting a free pass, he became known as “Charlie Hustle” after sprinting to first base despite drawing a walk.
His major league debut came later that year against the Pittsburgh Pirates. His initial hit came later that year, and he ended up with a batting average of .273 for the season. Rose joined the United States Army Reserves following this season so that he could continue to play for the Reds.
In 1965, Pete truly started to reveal his ability, and he led the league in hits during this time. Following strong performances, he was chosen to play in the 1970 All-Star game.
The Reds earned the moniker “the Big Red Machine” throughout the 1970s and became one of MLB’s most successful teams. At this point, Rose took over as third baseman for Rose. In 1975, Cincinnati won its first championship since 1940, and it repeated as champions in 1976.
Pete Rose Net Worth
In 1979, Pete Rose agreed to a $3.2-million contract with the Philadelphia Phillies as a free agent. Rose moved to first base in Philadelphia and assisted them in winning a World Series during his time there.
Rose returned to the Cincinnati Reds in 1984 and became “The Hit King,” shattering Ty Cobb’s mark before retiring in 1986 after a stint with the Montreal Expos.
Pete Rose Salaries
Pete Rose earned a total of $7.1 million during his playing and managerial career. In 1986, when the Cincinnati Reds hired him to manage the club, they paid him $1 million for his services. Pete’s most lucrative year as a player was 1979, when he signed a four-year, $3.225-million contract with the Reds.
In 1979, Rose signed a five-year, $1 million contract with the Kings that paid him $905,000 in his first season and more than $800,000 each year from 1980 through 1982. According to divorce papers filed in April 2018 by his second wife Carol, Pete makes about $100,000 per month simply signing autographs; he currently earns about $1.2 million annually (nearly $3 million per year).
Pete Rose Relationships
Karolyn Englehardt, Pete Rose’s first spouse, married him in 1964. They had two children together before divorcing in 1980. In June of 1979, Rose was identified as the father of Morgan Erin Rubio in a paternity suit.
Pete remarried in 1984 to Carol J. Woliung and they had two kids together. The pair divorced in 2011 after having two children together.
Rose was attempting to seize all of his memorabilia, which represented high-value assets, according to court records released during the divorce proceedings. Pete began dating Kiana Kim, a “Playboy” model, after separating from his second wife. This connection prompted the production of a reality program called “Pete Rose: Hits & Mrs.” In 2011, Rose and Kim got engaged.
Pete Rose Gambling
While acting as a manager, Pete denied betting on baseball games. Many of Pete’s pals were interviewed after an investigation. Bookies and bet runners were among them.
Investigators eventually compiled a detailed accounting of Rose’s baseball gambling activities in 1987, according to the inquiry. The study determined that he gambled at least $10,000 per day on MLB games, while others estimated it was closer to $2,000.
Pete denied the charges, but he eventually realized that the MLB had placed him on an “ineligible list,” which meant he was banned from all professional baseball in the future. The MLB agreed to refrain from publishing any formal findings from their inquiry, and Pete sought help for gambling addiction therapy.
Pete Rose Financial Issues
In 1990, Pete Rose was indicted on charges of tax evasion after the IRS discovered that he had been submitting fraudulent income tax returns. He failed to disclose to the IRS that he had been making a lot of money signing autographs and selling memorabilia.
He also neglected to declare his winnings from horse racing betting. Rose was sentenced to 5 months in prison and a $50,000 fine after pleading guilty to two counts of income tax evasion. In 1991, he was freed after repaying close to $350,000 in back taxes, and he was ordered to complete 1,000 hours of community service.
Pete Rose Real Estate
Pete Rose sold his Sherman Oaks, California property for $1.96 million in 2014, according to reports. The 4,719-square-foot house was built in 1999 and has six bedrooms, a swimming pool/spa, and a covered patio.
He originally listed the home for $2.15 million in 2013 but subsequently lowered the price several times. In 1999, he paid $913,500 for the home with his wife.