Profile
Former Baseball Player and Politician
#58 in MLB today
As of 2024, Steve Garvey’s Net Worth is $27 Million USD. He made all of this wealth through his MLB career. He is currently running for US Senate from California.
Assets and Investments
In Maui, Garvey owns over 100 acres of land, including the former site of the Maui Intercontinental Resort. He purchased the land in 2014 for $7 million.
And has since proposed plans to develop it into a luxury resort community with the help of a bank loan. The development, which is still in the early stages of planning, is estimated to cost over $30 Million.
In California, Garvey owns a number of properties, including a mansion in Malibu, a beachfront estate in Newport Beach, and a ranch in Santa Ynez. The market value of his California properties is estimated to be over $10 million.
MLB Salary
Garvey’s peak salary came during his time with the San Diego Padres in the mid-1980s. In 1985, he earned approximately $1.6 million.
How did he get rich
Looking at this salary figure, you might wonder why is his net worth so huge. The answer is, he earned big bucks in some real estate deals and stock market investments.
In the early 1980s, Steve Garvey invested $27,500 in Apple Inc. by purchasing 10,000 shares at $2.75 each.
By the mid-1990s, Apple’s stock soared to $150 per share, and Garvey sold his shares for a $1.5 million profit.
In the late 1980s, Garvey invested $315,000 in Microsoft Corporation, buying 15,000 shares at $21 each.
By the turn of the century, Microsoft’s stock had risen to $120 per share. Garvey sold his holdings for $1.8 million.
Steve Garvey Net Worth 2024
| Full Name | Steven Patrick Garvey |
| Net Worth | $27 Million |
| Annual Income | $3 Million |
| Inheritance | $100,000 |
| Stock Portfolio | $11 Million |
Entry to Politics
Steve Garvey is running as a Republican candidate for the 2024 U.S. Senate election in California.
Garvey advanced to the general election after finishing second in the March 2024 “jungle primary”, and will face Democratic Rep. Adam Schiff.
FAQs
The net worth of Steve Garvey is $27 million.
No, Steve Garvey is not a member of the Baseball Hall of Fame. Despite his impressive career and numerous accolades, Garvey has not been inducted into the Hall of Fame.
Steve Garvey won the National League Most Valuable Player (MVP) award in 1974.
$3 Million.