Ernie Banks Net Worth (Updated 2026).

Ernie Banks, born in Dallas, Texas, in 1931, began his professional baseball career in 1953 when he was signed by the Kansas City Monarchs of the Negro American League. He quickly made a name for himself as a powerful hitter and a skilled shortstop, drawing the attention of Major League scouts.

In 1953, Banks was signed by the Chicago Cubs, becoming one of the first African American players to join the team. He made his Major League debut on April 15, 1954, and went on to have a stellar career, earning the nickname “Mr. Cub” for his loyalty and dedication to the team.

Ernie Banks’ Current Net Worth (2025)

As of 2025, Ernie Banks’ net worth is estimated to be around $5 million. This figure takes into account his earnings from his baseball career, endorsements, and other ventures.

Career

Ernie Banks, a legendary baseball player, spent his entire 19-year career with the Chicago Cubs (1953-1971). He was a 14-time All-Star, two-time National League MVP, and hit 512 home runs. Banks was inducted into the Baseball Hall of Fame in 1977.

Other Ventures

After retiring from baseball, Banks worked as a broadcaster for the Cubs from 1972 to 1987. He also owned several car dealerships in the Chicago area. In addition, he was a spokesperson for various brands, including Coca-Cola and Wrigley’s Spearmint Gum.

Assets

Ernie Banks owned a home in Chicago, Illinois, which he purchased in the 1960s. He also had a collection of baseball memorabilia, including his Hall of Fame plaque and various awards. Banks also owned several cars, including a vintage Cadillac.

Annual Income

During his peak baseball years, Ernie Banks’ annual income was around $100,000. After retiring, his annual income came from his broadcasting job, car dealerships, and endorsement deals. His exact annual income during his post-baseball career is not publicly available.

Frequently Asked Questions about  Ernie Banks

Frequently Asked Questions: Ernie Banks Net Worth

1. What was Ernie Banks’ net worth?

Ernie Banks’ net worth was estimated to be around $10 million at the time of his death.

2. How did Ernie Banks make his money?

Ernie Banks made his money primarily through his professional baseball career. He played in Major League Baseball (MLB) for 19 seasons, mostly with the Chicago Cubs.

3. What was Ernie Banks’ salary during his MLB career?

Ernie Banks’ salary varied throughout his career. In his final season in 1971, he earned $75,000, which is equivalent to approximately $520,000 in 2021.

4. Did Ernie Banks have any endorsements?

Yes, Ernie Banks had several endorsement deals throughout his career. He was a spokesperson for companies like Wrigley’s Spearmint Gum, Coca-Cola, and others.

5. What happened to Ernie Banks’ estate after his death?

After Ernie Banks’ death in 2015, his estate was inherited by his wife Liz Banks and their children. The details of the estate’s distribution are private.

6. Did Ernie Banks have any business ventures?

Yes, Ernie Banks was involved in several business ventures. He owned a car dealership, a restaurant, and a bowling alley at different points in his life.

7. How much did Ernie Banks’ estate make from his baseball memorabilia?

The value of Ernie Banks’ baseball memorabilia is not publicly known. However, some of his items, like his 1958 National League MVP Award, have sold for thousands of dollars at auctions.

8. Did Ernie Banks have any real estate holdings?

Yes, Ernie Banks owned several properties throughout his life. He had homes in Chicago, Arizona, and other locations.

9. Did Ernie Banks have any philanthropic endeavors?

Yes, Ernie Banks was involved in several philanthropic endeavors. He was a spokesperson for the United Negro College Fund and was involved in other charitable causes.

10. How does Ernie Banks’ net worth compare to other baseball players of his era?

Ernie Banks’ net worth was comparable to other successful baseball players of his era. However, it’s important to note that net worth can vary greatly depending on factors like endorsements, investments, and post-career earnings.