Who is the Richest Athlete in the World? 10 Richest Athletes

Who is the Richest Athlete in the World? 10 Richest Athletes

Who is the Richest Athlete in the world? How much is the wealthiest athlete in the world worth?

Present-day, athletes are leading luxurious lifestyles, thanks to the huge sums they earn through salaries, bonuses, endorsements, investments and lucrative business ventures. In this post, we will go through the lives of some of the richest athletes in the world, how these athletes earn and increase their wealth. Although some of these athletes have retired now, they've kept their net worth going high and stay among the richest.

When you check, you will find that the total career earnings are higher than the net worth of athletes. This is because career earnings are taxed heavily as salary. And in most of the cases, some athletes make most of their income with their other business ventures than their sports. And, net worth takes all wealth and assets into consideration like investments, properties, and of course salary.

Go through the article to find out which of your favourite athletes made our top-10 list. This list of 10 richest athletes in the world is based on their net worth in 2020.

10 Richest Athletes in World

Michael Jordan

Net Worth: $2.1 billion

The renowned basketball player, Michael Jordan is the richest athlete in the world. He has an estimated net worth of about $2.1 billion. 6-time NBA champion and 6-time MVP, a 14-time All-Star and 10-time scoring leader, the man gave a mind-blowing performance in his entire life.

Michael is one of the leading names who are responsible for bringing the NBA to life. He has successfully changed the nature of what it was like to be a successful basketball. His successes off the court are what made him a billionaire and one of the richest athletes in the world.

However, most of his wealth ($1.7 billion) was made from sponsorship of different brands like Nike, Hanes, and Gatorade, and also from corporate partners and investments. He earned $90 million in total salary during his career in the NBA and now he is retired, and part-owner of the Charlotte Hornets.

Ion Tiriac

Net Worth: $1.2 billion

Ion Tiriac is not so famous today among millennial and no doubt a lot of people have not heard about him. But he is a billionaire with the net worth of $1.2 billion. Today, Ion is one of the most successful athletes on the global level.

The unique part about Ion is that he is a double threat. His main sport was tennis, besides, he also played for Romania in the 1964 Winter Olympics. Ion Tiriac retired in the 1970s. After retirement, he guided top players as a coach for a while. Soon Ion started his business and investment ventures. And, presently he is running Tiriac Group, which does business and invests in various numerous sectors including real estate and financial services.

Tiger Woods

Net Worth: $800 million

The greatest golfer of history, Tiger Woods turned pro in 1996 and since then he has been dominating the PGA tour. He is the only golfer who could crack the $100 million earnings mark.

He has numerous awards and victories in his name, he won the U.S. Open Championship by 15 shots, the British Open by 11, and the Masters by 12 and the "Tiger Slam". These are some things that separate him from others. There were some issues in his life but in 2018 he made a comeback in sports and rapidly moved from 656 in the world to 13 in the world inside season.

When you add his total golf-related earnings including endorsements, appearance fees, course design fees, he's earned $1.5 billion from the game of golf.

Magic Johnson

Net Worth: $600 million

Another greatest basketball player to ever live, Magic Johnson is also among the richest athletes in the world. In his entire career, Johnson played 13 years for the Los Angeles Lakers and took retirement in 1996. In his entire career, Johnson won the NBA Championship 5 times and was also 3 time NBA MVP.

Although he earned $25 million in salary from his career in the NBA, most of his earnings came from business and investments after his retirement from basketball. He has been extremely successful in his entrepreneurial ventures.

Johnson established Magic Johnson Enterprises and did the partnership with giant companies like Sony Pictures and Starbucks. While making his successful journey in sports, in 2012, Johnson became the co-owner of the Los Angeles Dodgers.

Michael Schumacher

Net Worth: $600 million

Among the most successful Formula 1 racers, Michael Schumacher is one of the highest-paid athletes of all time. He won 7 world championships and five Seven tournaments won consecutively. The German racing driver (now retired) was estimated to be making $80 to $100 million per year from driving, and $50 million per year from endorsements. To date, with his successful career, he earned an estimated $1 billion from his career.

Michael is one of the few athletes who have earned $1 billion-plus from his career. Presently, the network of Michael Schumacher is valued at $600 million that made him 5th richest athlete and the richest Formula 1 driver in the world.

Roger Staubach

Net Worth: $600 million

The 6th name in this list of richest athletes in the world, Roger Staubach became the part of the Dallas Cowboys in 1969. If we talk about Roger's earning as an NFL player, it was very small. Roger Staubach played for the Dallas Cowboys for the 11 seasons of his NFL career. He played 5 Super Bowls and was a starter in four of them and won 2.

Now the question arises, how he became one of the richest athletes of the world. The answer is his ventures outside of sports. As a father of 3 at the age of 27, he realized that he should have a backup plan in case he got injured. That's why he founded the Staubach Company in 1977 after his retirement. Soon, it became a multi-million dollar company with 1,100 employees in 50 offices. By 2008, Roger sold his company to Jones Lang LaSalle for $613 million.

Floyd Mayweather

Net Worth: $505 million

Floyd Mayweather is a world-famous boxing champion with an unbelievable record of 50-0, undefeated. When he was on the peak of his career, Floyd was the highest-paid athlete. He was earning up to $300 million from boxing, and over $10 million per year in endorsements. He also founded the Mayweather Promotions, it's a fight promotion company.

The total career winnings of over a billion dollars and that's why he is one of the richest athletes of all time. Even Floyd was the highest-paid athlete of 2015 with a $300 million salary. He took retirement in the year 2015, but he returned to the sport in 2017 to defeat MMA star, Conor McGregor. With this victory, he earned approx $275 billion.  

LeBron James

Net Worth: $480 million

The NBA superstar, LeBron James has the most lucrative brand deals in the NBA. He has endorsements partnerships with numerous giant brands like Nike, Beats by Dre, Coca-Cola, Samsung and more. As a part of the NBA, LeBron earned $40 million per year in salary and $50 million per year. In the first 10 seasons in the NBA, he received $126 million in salary and $326 million in endorsements.  

The wealth LeBron has earned from basketball and he invested them in other ventures. Presently, he owns a media company called Uninterrupted media company and a production company named "Spring Hill Entertainment." He is a partner with Cindy Crawford and Arnold Schwarzenegger in a health and wellness company and co-owns 21 Blaze Pizza franchises with some of his partners.

Eddie Jordan

Net Worth: $475 million

Eddie Jordan is the ninth richest athlete in the world. He is a former Irish race car driver, Motorsports teacher, television personalities, businessman, and musician. He won the Irish Kart Championship in the year 1971 and then joined Formula Ford after four years.

Later, he established his own Formal One team, Jordan Grand Prix, which operated from 1991 to 2005. Although the amount was not released publicly, there are rumours that Eddie sold the team from $50 million to $90 million to Midland Group. After this sale, he started working as a television personality for racing events. But he earned most of his net worth from his investment and business.

Cristiano Ronaldo

Net Worth: $460 million

The greatest soccer player of all time, Cristiano Ronaldo is a Portuguese professional footballer. Presently, he is playing for Real Madrid Fc and the Portuguese National team. In 2019, he received $109 from his current employers in Italy and other sponsors and became the second-highest-paid footballer.

He signed a lifetime deal with the giant brand Nike in 2016 and has several deals with EA Sports, Tag Heuer Castrol and others. His main source of earning is the game of soccer. Additionally, Ronaldo is the most followed athlete on social media, with 200 million Integra followers. Moreover, he is doing very well as an entrepreneur by promoting his own CR7 brand with 2 hotels in Portugal, some other ventures. Presently, Ronaldo's net worth is valued at $460 million that makes him the 10th richest athlete in the world.

Last Verdict

These are the 10 richest athletes in the world. We have tried to present the latest information on this post. Hopefully, you find it interesting and informative.

Do you have any doubt on this topic? Do you have something to share? Let us know in the comment section below.

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