Bud Selig Net Worth

Bud Selig net worth: Bud Selig is an American Commissioner of Major League Baseball who has a net worth of $400 million. Bud Selig earned his net worth through his years in baseball as the owner of the Milwaukee Braves, Executive Counsel and former Commissioner of the MLB. At the peak of his career, Bud's commissioner salary was $14.5 million per year. He owned the Milwaukee Brewers from 1970 to 2005. He purchased the team out of bankruptcy and sold it for $223 million.

Allan Huber "Bud" Selig was born in Milwaukee, Wisconsin in July 1934. He graduated from the University of Wisconsin-Madison and served two years in the U.S. Army. He then worked in the auto leasing industry, for his father's company. Today Bud is still the president of the Selig Executive Lease Company.

In 1970 Bud purchased the Seattle Pilots baseball team out of bankruptcy. He then moved the team to his hometown of Milwaukee and renamed them the Brewers. The Brewers made it to the World Series in 1982 and won seven Organization of the Year awards.

Selig became the de-facto acting commissioner and became permanent commissioner in 1998. When he became commissioner he transferred his stake in the Brewers to his sister to remove potential conflicts of interest, but he reportedly continued to maintain a passive role in team operations.

He was deeply involved in the 1994 strike, and helped introduce wild cards and inter-league play. In 2006 Selig was instrumental in founding the World Baseball Classic. He introduced revenue sharing to baseball and has been called the best commissioner in baseball history.

Selig planned to retire after the 2012 season but decided to stay on two more years. He is an adjunct professor at Marquette University Law School.

MLB Salary: At the peak of his career, Bud Selig's salary was $14.5 million per year.