The money spinning speed of global sports icons

Most of the world’s richest sports superstars made their way to the top of the financial Mt Everest through sweat, endorsements, investments, and business ventures.

Although many of these athletes are now retired, they have kept their wealth growing to stay among the richest.

So how fast do they make their money?

Standard Sports put together a list of top five highest-paid athletes followed by the richest athletes in the world, with their net worth estimates.

The figures have been compiled from  Forbes.

According to Forbes, this year’s top five highest-paid athletes earned a combined Sh50 billion, which is 9 per cent below 2019 due to coronavirus pandemic.

Forbes obtained the figures with the earnings include all money, salaries and bonuses gained between 2019 and 2020.

1. Roger Federer

The money spinning speed of global sports icons

Tennis star Roger Federer is the highest-earning athlete in 2020 which takes into account prize money, salaries, bonuses, endorsements, royalties and appearance fees from June 1, 2019, to June 1, 2020.

The 38-year-old, who has a Net Worth of $450 million, earned a total of Sh11.8 billion ($109 million) over the last year.

Of that amount, roughly $86 million came from endorsements with companies like Credit Suisse, Rolex and Mercedes Benz.

 Federer‘s salary

The money spinning speed of global sports icons

2. Cristiano Ronaldo

The money spinning speed of global sports icons

 Juventus star Cristiano Ronaldo, who has a net worth of $460 million, is one of the top-earning football players in the world with a salary of Sh11.3 billion ($105 million)  a year.

Ronaldo, 35, is also one of the most-followed people on Instagram and according to Forbes, he is earning $45 million per year in endorsements with annual Salary/winnings of $60 million at Juventus.

Ronaldo makes approximately $1 million per post, representing brands such as Clear Haircare, Nike Football, and Six Pad Europe.

Ronaldo’s paycheque

.The money spinning speed of global sports icons

 3. Lionel Messi

The money spinning speed of global sports icons

FIFA Best Player and the Balon D’or winner Lionel Messi is also one of the highest-paid soccer players in the world.

Messi’s net worth is estimated to be around $400m as of 2020.

This year he earned around Sh11.2 billion ($104 million). which includes $32 from endorsements and $72million as wages or winnings. Some of his endorsements are Adidas, Lays, Gatorade, Huawei, Mastercard and Pepsi.

Lionel Messi’s salary:

The money spinning speed of global sports icons

4. Neymar 

The money spinning speed of global sports icons

Paris Saint-Germain superstar Neymar has a net worth of $185 million.

According to Forbes, Neymar earns an estimated $70.5 M a year from PSG with $25 million also from endorsements.

Forbes put Neymar’s income for this year at Sh10 billion ($95.5 million), and fourth overall.

Neymar’s salary:

.The money spinning speed of global sports icons

5. LeBron James

The money spinning speed of global sports icons

LeBron James is the NBA’s highest-paid player with Sh9.6 billion ($88.2 million) salary -a year, including $53 million off the court.

The 35-year-old has $60 million endorsement deals with major companies such as McDonalds, Microsoft, State Farm, Beats by Dre and Samsung.

LeBron James has a net worth of $450 million

LeBron James’ salary:

The money spinning speed of global sports icons

Lewis Hamilton

The money spinning speed of global sports icons

British Formula One racing driver, Lewis Hamilton is the highest paid and richest driver in the world with a salary of Sh5.8 billion {$54m} per year, the majority of which comes from his Mercedes contract that pays him Sh4.3 billion [ $40 million] per year.

Forbes reveals that Hamilton currently has endorsement deals with companies such as L’Oreal, Bose, Puma, Sony, and Tommy Hilfiger.

 These major brand endorsements earn him about Sh1.3 billion [$12 million] of the $54 million that he makes every year.

As of 2020, the Net-worth of Hamilton, 35, is estimated to be around Sh30.7 billion {$285 million}.

Lewis Hamilton’s paycheque

The money spinning speed of global sports icons

Here is also a list of the richest athletes in the world

1. Michael Jordan – net worth Sh238billion {$2.2 billion}

The money spinning speed of global sports icons

As of April 2020, American retired professional basketball player, Michael Jordan is the richest athlete in the world with a net worth of $2.2 billion.

The majority of his wealth ($1.7 billion) was made from sponsorship deals from companies like Nike, Hanes, and Gatorate, and also from corporate partners and investments.

The 57-year-old is also considered the greatest player of all-time in the NBA played a total of 15 seasons in the NBA.

2. Ion Tiriac net worth Sh130 billion {$1.2 billion}

The money spinning speed of global sports icons

Michael Jordan is followed by retired Romanian tennis player turned financier Ion Tiriac who is worth $1.2 billion.

After retiring in the 1970s, Tiriac coached top players for a while, then began his business and investment ventures.

3. Tiger Woods net worth sh 80 billion { $740 million}

The money spinning speed of global sports icons

Tiger Woods is one of the most successful golfers of all time, winning 15 Major titles and a total of 110 professional tournaments worldwide.

The American professional golfer is also one of the highest-paid athletes in the world his net worth is estimated to be $740 million.

Woods is also 8th in Forbes’ 2020 Highest-Paid Athletes list with his endorsements coming in at $60m for the year added to $2.3m on-course earnings.

4. Magic Johnson net worth Sh 64 billion {$600 million}

The money spinning speed of global sports icons

American former professional basketball player, Magic Johnson net worth is estimated at $600 million, making him the 2nd richest basketball player in the world.

Most of his wealth came from entrepreneurship and investments after he retired from basketball.

5. Michael Schumacher net worth Sh 64 billion{ $600 million }

The money spinning speed of global sports icons

German former race car driver in the Formula One, Michael Schumacher’s net worth is $600 million, making him the 5th richest athlete in the world.

 

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