Ralph Kiner of the Pittsburgh Pirates and Johnny Mize of the New York Giants tied for the National League home run crown in 1947 with 51 each. Ironically, Kiner and Mize tied for the NL home run crown in 1948 with 40 each.
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Worldwide, that would be Saduharu Oh of the Japanese League who finished his career with 868 home runs. In MLB, that would be Barry Bonds with 762 career home runs. Click on the 'Sadaharu Oh' link below to read about the man that has hit more home runs than any other in the history of Baseball.
The 1992 American League home run champion was Juan Gonzalez of the Texas Rangers with 43.