Keeping fame and money in mind, currently, the sports industry depicts a net worth of around $1.3 trillion globally. Swiss professional player, Roger Federer is the richest tennis player on the planet who boasts a net worth of $450 million. Tennis is the world’s sixth-highest paying sport and one of the most popular sports with millions of fans all over the world. Cristiano Ronaldo, a Portuguese professional is the world’s richest soccer with a net worth of more than one billion which was earned by endorsement and salary.
Top 10 Highest paid Sport In The World
Max Verstappen tops the list in Formula 1, with an annual income of $70 million when including both salary and bonuses. This income doesn’t count various endorsements, including Ziggo and Puma. Basketball as a whole is popular, starting with many following players early on in their careers as they play in the NCAA. March Madness is the NCAA playoffs, and many people market off of the brackets with prizes for those who accurately pick their brackets to match the actual results. While the NCAA is a different level than the NBA, many players often use college as a launch platform for a lucrative NBA career.
There are several cycling tournaments that are held in different parts of the world and are also considered among the highest paying events. Auto racing has existed ever since the invention of the automobile with the first race being organized in the year 1867. Former German driver, Michael Schumacher is the richest auto racing player with a net worth of $800 million. It ranks ninth in the list of highest-paid sports wherein the highest amount ever paid to the auto racing driver was $18 million. The highest-paid Ice Hockey player earns approximately $99 million a year. Ice Hockey is the national winter sport of Canada and is also popular in the USA, Russia, and Australia.
Basketball – Average salary $8.5 million pa
The National Basketball Association (NBA) covers 30 teams – 29 in the United States and one in Canada. There’s a significant amount of press around the games, including the seven games of the NBA Playoffs. There isn’t a lot of merchandise like many of the other sports, which is why it’s unlikely that boxing will ever grow to be a more popular sport. It’s also lost some of its appeal with other sports that are similar entering the market – such as MMA fighting. The US Open, played in New York every year, generates approximately $500 million on its own between ticket sales, TV deals, as well as merchandise. The figure comprised $4.8 billion in salary and prize money and an additional $1.4 billion from endorsements.
With a net worth of $800 million, former German driver Michael Schumacher is the richest player in auto racing. Golf is said to be one of the most difficult sports to perfect, but it is also said to be easy to learn. The game was first played go to this web-site in the 15th century, but it only became popular in the 17th century in the United States and Europe. One of the most watched and popular sports in the United States is American football, which is also known as football.
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- That’s a lot of cash lining the pockets of executives and athletes globally.
- Major bouts attract enormous pay-per-view audiences, leading to substantial earnings.
- The figure comprised $4.8 billion in salary and prize money and an additional $1.4 billion from endorsements.
- To be sure, expenses in Tishya’s case were higher as her parents encouraged her to participate in international tennis tournaments crucial for global exposure and securing a high ITF ranking.
- Golf features several professional golfers associations, which run tours and tournaments worldwide.
- Currently, Jain spends ₹10,000 per quarter on academy fees and an additional ₹6,000 per month on a personal coach.
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$70 million of his earnings come from his endorsements with companies like Nike and PepsiCo. While some sports are physically demanding and require high intensity from professional athletes, there are also high rewards and bonuses attached to the athletes. Forbes magazine is known for publishing the lists of highest-paid athletes around the globe yearly. The NHL (National Hockey League) consists of 32 teams, which includes 25 in the United States and 7 in Canada. There are 82 games played throughout the season, which is one of the reasons why the sport is able to generate so much revenue over the course of the season – which runs from October to April. The economics of the sport is changing for the better, with more tennis being played.