Joey Gallo’s Net Worth – How Rich Is He Now [2024 Updated]

Joey Gallo’s Net Worth – How Rich Is He Now [2024 Updated]

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Joseph Nicholas Gallo, better known as Joey Gallo, is an outfielder for the Minnesota Twins in Major League Baseball (MLB), with an impressive net worth of $21 million. He made his MLB debut in 2015 after being drafted by the Texas Rangers in the first round of the 2012 draft. 

A valuable player, Gallo has been selected for the All-Star Game twice in 2019 and 2021 and earned Gold Glove Awards in both 2021 and 2022. Renowned for his incredible power at the plate, Gallo is a hitter known for sending some of the longest home runs in the league’s history, making every at-bat a thrilling moment for fans.

Joey Gallo Salary And Net Worth 2024 – How Much Does He Earn?

Joey Gallo is believed to have a net worth of $21 million as of 2024. His professional work is his principal source of income, and he has a pleasant life due to his earnings.

Joey joined the Rangers in 2012 for a hefty sum of 2.5 million dollars. He abandoned his plans to attend university to join the Rangers.

He earned $500,000 with his squad in 2015, 2016, 2017, and 2018. In January 2021, he signed his first significant contract with a baseball organization. He inked a 6.2 million dollar contract with the Texas Rangers to play for them through 2023.

However, he was just dealt with by the New York Yankees. Despite his substantial riches, he does not appear to live a luxury lifestyle.

He seldom used social media to brag about his homes and automobiles. The market worth of MLB All-Stars is only rising thanks to their talent and promising performances. He has yet to sign any sponsorship or brand agreements.

Joey Gallo’s Endorsements

Since stepping into professional baseball in 2015, Joey Gallo has attracted a range of lucrative endorsements from major brands such as Budweiser, Rawlings, and New Balance. His performance on the field has also secured partnerships with companies like FITAID by LIFEAID Beverage Co., Dick’s Sporting Goods, T-Mobile, and Franklin Sports.

Gallo’s appeal goes beyond his athletic skills; his approachable personality and visibility in the sports world make him an excellent ambassador for these brands. He actively connects with his fans, creating engaging and memorable moments that build strong and lasting relationships.

Joey Gallo’s Early Life

Joseph Nicholas Gallo was born in Henderson, Nevada, on November 19, 1993. Laura Gallo, his mother, is his father, and Tony Gallo, his father, respectively. Bishop Gorman High School is where Nicholas grew up in Las Vegas. His parents immigrated to the United States from Italy and settled in Brooklyn, New York.

As a kid, baseball was one of his favorite activities, and he participated in youth teams. During his senior year, he was named Nevada’s top baseball player and earned High School All-American status. 

After perhaps attending Louisiana University, the Texas Rangers were the first team to call him up.

Joey Gallo’s Wife & Children

Gallo is not yet married, but he is dating Shelbi Alyssa, his girlfriend. Shelbi is a professional dancer and a San Diego State University journalism student. There have been rumors that Joey dated Brittany Gibson, but no evidence has been uncovered on social media.

Meet Joey Gallo On Instagram

Joey Gallo may be found on Instagram as @joeygallo24. The authenticity of his account has been confirmed. Joey has over 200k Instagram followers and has followed over 600 profiles.

Professional Career

Joey Gallo was selected by the Texas Rangers in the first round, with the 39th overall selection, in the 2012 Major League Baseball draft. Rather than enroll at LSU, Gallo signed with the Rangers for a $2.25 million signing bonus. 

Gallo started his professional career with the Arizona League Rangers, where he hit .293/.435/.733 with 18 home runs and 52 runs batted in 150 at-bats over 43 games and was named a Post-Season AZL All-Star, a Topps Short-Season/Rookie All-Star, and the Topps AZL Player of the Year. 

The 18 home runs were an Arizona League record. He was named the Arizona League MVP.

Gallo was promoted to the Spokane Indians of the Class A Short-Season Northwest League, hitting .214/.343/.464 with four home runs and 26 strikeouts in 56 at-bats in 16 games. 

Before the 2013 season, Gallo was the Ranger’s 10th-best prospect, according to Baseball America. He played the season with the Hickory Crawdads of the Class A South Atlantic League, leading the league with 38 home runs and 165 strikeouts in 392 at-bats, and was named a Mid-Season All-Star and a Post-Season All-Star.

He became the first teenager since Dick Simpson in 1962 to hit 40 home runs in a minor league season. He batted .251/.338/.623 between two minor league teams with 40 home runs and 172 strikeouts in 411 at-bats. 

Gallo won the Joe Bauman Home Run Award for hitting the most home runs in minor league baseball for the 2013 season. Over the offseason, he worked out with Troy Tulowitzki and Jason Giambi at the Philippi Sports Institute in Las Vegas.

Gallo started the 2014 season with the Myrtle Beach Pelicans of the Class A-Advanced Carolina League, batting .323/.463/.735 and leading the league with 21 home runs as he struck out 64 times in 189 at-bats and was named a Mid-Season All-Star and a Post-Season All-Star as well. 

As the Carolina League MVP, and was promoted to the Frisco RoughRiders of the Class AA Texas League in June, where he was named a Post-Season All-Star, a Baseball America High-Class A All-Star, a Baseball America Minor League All-Star, and a Topps Class A All-Star.

In July 2014, Joey Gallo played in the All-Star Futures Game, where he was named the MVP of the game after hitting a go-ahead home run in the sixth inning. 

He batted .271/.394/.615 between the two minor league teams with 42 home runs and 179 strikeouts in 439 at-bats. Gallo began the 2015 season with Frisco and was named a Mid-Season Texas South All-Star.

Texas Rangers

Joey Gallo was promoted on June 1, 2015, by Texas Rangers to the major leagues. In his first major league game, June 2, Gallo hit his first major league home run and drove in 4 runs (becoming the first Ranger to achieve four RBIs in an MLB debut game), going 3-4. 

He also had a single and a double in the game. On June 5, Gallo earned his first MLB Golden Sombrero against the Kansas City Royals, making him the earliest to accomplish this in a Ranger career.

Gallo was optioned on June 30, 2015, to Triple-A to make room for Josh Hamilton. In the minors, between two minor league teams, he batted .240/.342/.520 with 23 home runs and 139 strikeouts in 321 at-bats. In 2015, in the majors, he batted .204/.301/.417 with 6 home runs and 57 strikeouts in 108 at bats. 

Gallo spent most of the 2016 season in the minors, appearing in only 17 games for the Rangers. In 2016 in 25 at bats in the majors, he had 19 strikeouts and one hit, a home run. With Round Rock, he batted .240/.367/.529 with 25 home runs and 150 strikeouts in 359 at bats.

In 2017, Gallo won a roster spot out of spring training and played multiple positions all season for the Rangers, finishing batting .209/.333/.537 (9th in the American League) with 196 strikeouts (2nd), 11.0 at bats per home run (2nd), 41 home runs (3rd), and 80 RBIs in 449 at-bats. 

For the season, he had the highest fly ball percentage of all major league hitters (54.2%), the highest percentage of hard-hit batted balls in the majors (46.4%), and the lowest contact percentage on his swings in the major leagues (59.1%). He hit the third-longest home run in MLB in 2017, at 490 feet.

In 2018, Gallo batted .206/.312/.498 with 12.5 at bats per home runs (2nd) and hit 40 home runs (3rd) with 207 strikeouts (3rd), and 74 walks (10th), and 92 RBIs in 500 at-bats over 148 games. For the second consecutive year, he had the lowest contact percentage on his swings in the major leagues (61.7%). 

Joey Gallo was named the AL Player of the Week for April 15-21, after hitting .478 (11-23) with 4 home runs and 11 RBI over 6 games. On May 8, Gallo hit his 100th career home run versus Nick Kingham of the Pirates.

Joey Gallo became the fastest player in American League history to reach 100 home runs, doing so in his 377th career game, a record since surpassed by Gary Sanchez, who did it in 355 games. 

Gallo also set an MLB record by recording the fewest career singles (93) at the time of reaching the 100 home run mark. 

On May 31, Gallo hit his first career grand slam off of Danny Duffy of the Kansas City Royals. Gallo was placed on the injured list from June 2 to June 25 with a left oblique strain.

Gallo was selected as an American League reserve outfielder for the 2019 Major League Baseball All-Star Game and hit a home run off of Will Smith in his lone at-bat. 

Gallo was placed on the injured list and underwent surgery to remove a broken right hamate bone on July 25, ending his season. Gallo finished the 2019 campaign hitting .253/.389/.598/.986 with 22 home runs and 49 RBI over 297 plate appearances in 70 games.

On July 6, 2020, it was announced that Gallo had tested positive for COVID-19 despite being asymptomatic. 

He hit the first home run at the Rangers’ new stadium, Globe Life Field, on July 26. At the end of the season, he won the AL Gold Glove Award as a right fielder. He finished the shortened season batting .181 with 10 home runs.

On April 9, 2021, Joey Gallo was the only baserunner allowed by Padres starting pitcher Joe Musgrove in his no-hitter against the Rangers, getting hit by a pitch in the fourth inning. 

Gallo was named to the 2021 MLB All-Star Game, drawing a walk in his only plate appearance. Gallo also participated in the 2021 Home Run Derby.

New York Yankees

Joey Gallo and Joely Rodríguez were traded on July 29, 2021, to the New York Yankees in exchange for Josh Smith, Glenn Otto, Trevor Hauver, and Ezequiel Durán. 

On August 5, 2021, Gallo hit his first Yankee home run, a 3-run shot off Seattle Mariners pitcher Paul Sewald. In 2021, he batted .199/.351/.458 with 38 home runs and 77 RBIs. 

He had the highest strikeout percentage in the major leagues and the lowest of his career, at 34.6%, and led the majors in strikeouts with 213 and the American League in walks with 111. He tied for the major league lead in bunt hits with seven. He won his second consecutive Gold Glove Award.

On March 22, 2022, Joey Gallo signed a $10.275M contract with the Yankees, avoiding arbitration. Gallo’s performance dropped off dramatically in 2022, continuing what the New York Post described as a “nightmare tenure in The Bronx. He was further described as “one of the biggest trade busts in Yankees history.” 

Shortly before being traded from the Yankees, he said of his time in New York, “I don’t go out in the streets… I really don’t want to show my face too much around here… I went through a lot of adversity, and I really had to question myself a lot. My confidence suffered. I would say I hit rock bottom for the big leagues.” 

He went on to say that opposing players would try to encourage him in the face of boos from fans but that their pity “makes me feel like a piece of s**t, honestly… it makes me feel like I’m a problem.”

Los Angeles Dodgers

Joey Gallo was traded to the Los Angeles Dodgers on August 2, 2022, in exchange for Clayton Beeter. Gallo stands at an appealing height of 1.96m and has a good body weight which suits his personality.

Frequently Asked Questions – Joey Gallo’s Net Worth

Who Did Joey Gallo Get Traded For?

Before the Trade Deadline on Tuesday, the Dodgers dealt right-hander Clayton Better, ranked 15th in the organization, for Yankees outfielder Joey Gallo.

Does Joey Gallo Still Play Baseball?

After being an All-Star with the Rangers and spending just over a year with the Yankees, Gallo will leave the Bronx to start the 2021 season.

What Did the Yankees Get for Gallo?

According to CBS Sports HQ’s Jim Bowden, the Yankees traded Gallo to the Dodgers for Clayton Better. Since joining the Yankees at the trade deadline last year, Gallo has been one of baseball’s worst hitters.

Is Joey Gallo Italian?

He comes from an Italian family. Gallo’s father, Antonio (Tony), is the son of Sciacca, Sicily-born Italian immigrants. He grew up in the Bensonhurst section of Brooklyn, where he attended New Utrecht High School until he graduated in 1972.

Conclusion – Joey Gallo’s Net Worth 

Joey Gallo’s net worth of $21 million in 2024 reflects his impact as a powerful hitter and skilled outfielder in Major League Baseball. Gallo’s career has been marked by achievements on the field and successful endorsements, from his debut with the Texas Rangers to his current role with the Minnesota Twins. 

His financial success mirrors his growth as a player and a brand ambassador, earning recognition from fans and top companies. As he continues to perform at a high level, Gallo’s net worth is poised to grow even further, solidifying his place among baseball’s notable talents.

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Written by

Aeron Rupar

Reviewed By

Judith

Judith

Judith Harvey is a seasoned finance editor with over two decades of experience in the financial journalism industry. Her analytical skills and keen insight into market trends quickly made her a sought-after expert in financial reporting.