Babe Ruth (1895-1948) holds the lead with 7 World Series (3 with the Boston Red Sox and 4 with the New York Yankees).
In the modern era, MVP runner-up Lonnie Smith had three World Series rings on three different teams during the 1980's : the 1980 Phillies, the 1982 Cardinals, and the 1985 Royals.
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As of the start of the 2008 season, the most World Series won by a team is 26 by the New York Yankees. The St. Louis Cardinals are second with 10 World Series wins.
The Yankees have 27 world series wins as of Nov. 15 2009.
the 2009 playoff teams were
1st place - New York Yankees
2nd place - Phillidalphia Phillies
3rd place - Los Angeles Angels
4th place - Los Angeles Dodgers
5th place - St. Louis Cardinals
6th place - Boston Red Sox
7th place - Colorado Rockies
8th place - Minnesota Twins
Frankie Frisch, Jim Gilliam, John Podres, and Sandy Koufax with 4 World Series wins each.
Frisch won the World Series with the 1921 and 1922 New York Giants and the 1931 and 1934 St. Louis Cardinals.
Gilliam, Podres, and Koufax each won the World Series with the 1955 Brooklyn Dodgers and the 1959, 1963, and 1965 Los Angeles Dodgers.
If you by rings mean world series rings, then it is Yankee great Yogi Berra, with 10 rings.