Bud Selig is the ninth and current Commissioner of Major League Baseball (MLB). He has an estimated net worth of $400 million and an annual salary of $1 million. He has served sine 1992 as the acting commissioner and became the official commissioner since 1998. He was instrumental in organizing the World Baseball Classic in 2006. He is believed to be the best commissioner in baseball history according to a Jerome Holtzman, MLBs official historian from 1999 to 2008.

Born Allan Huber Selig on July 30, 1934 in Milwaukee, Wisconsin, Selig grew up in a Jewish family. He graduated from the University of Wisconsin-Madison with a B.A. in American history and political science in 1956. He was once the team owner and team president of the Milwaukee Brewers, formerly the Seattle Pilots. The Brewers went to the 1982 World Series and won seven organization of the year awards during his tenure.

On January 17, 2008, Bud Selig’s contract was extended until 2012, after which he planned to retire. However, he decided to stay as commissioner until the end of 2014 season. This move was approved by the owners on January 12, 2012.