2020’s 5 Richest Athletes And Their Net Worth’s
Since the sports industry transformed into a highly profitable entity, its most accomplished sportsmen have been able to amass substantial wealth through their salary, bonuses, and endorsements. Year after year, these exceptional athletes are experiencing an increase in their earnings, surpassing previous records and securing their positions on international lists of wealthy individuals. What stands out the most about this list is that the majority of names have already stopped participating in their respective sports, yet they have been able to accumulate substantial money due to their shrewd business transactions and extensive, enduring sponsorships. Presented below are the five most affluent athletes globally in the year 2020.
1. Michael Jordan’s Net Worth: $2.2 Billion
Getty Images / Alexander Hassenstein
The man easily known as “MJ” is at the top of the list. He is the world’s richest athlete and the best basketball player of all time. Jordan had an unmatched career that made him $90 million. With the Chicago Bulls, he won 6 NBA Finals titles. But MJ’s biggest source of income comes from his endorsement deals with companies like Nike, Gatorade, and Hanes, which have brought in $1.7 billion so far.
2. Magic Johnson’s Net Worth: $600 Million
Earvin “Magic” Johnson Jr. lived up to his name on the court and was one of the best basketball players of all time. Magic played for the famous Lakers for 13 years, which is a long time. He retired in 1996 because he got HIV. Johnson only made $25 million during his career, but investing and starting his own business after retirement have helped him get very rich.
3. Ion Tiriac’s Net Worth: $1.2 Billion
Ion Tiriac was a true all-around athlete. He played ice hockey for Romania in the 1964 Winter Olympics and then switched to tennis, where he won 23 titles and rose to number 8 in the ATP rankings. After retiring from tennis in the 1970s, Tiriac taught some of the best tennis players in the world. He then started making a lot of money in business and investments. These days, he is in charge of Tiriac Group, an investment firm that focuses on property and banking services.
4. Tiger Woods’ Net Worth: $800 Million
Not unexpectedly, Tiger Woods is presently the most accomplished and highest-earning golfer in the history of the sport. Woods has mostly generated the majority of his income from a variety of substantial sponsorship agreements, including notable brands including as Nike, Gilette, and Tag Heuer, which have formed a lengthy roster of profitable partnerships. There is speculation that Nike was paying Tiger Woods a yearly sum of $30 million to wear their iconic swoosh logo. Woods’ endorsements are so significant that they currently make about 93% of his total earnings throughout his career. Significant celebrity influence.
5. Michael Schumacher’s Net Worth: $600 Million
Michael Schumacher, the Ferrari legend, is widely regarded as the most exceptional Formula One racing driver in history. He achieved an unparalleled feat by winning a total of 7 World Championships throughout his storied career. Indeed, there was a consecutive winning streak of 5 out of the 7 titles. Schumacher is among a small number of athletes who have accumulated more than $1 billion from their sporting endeavors. During his prime, the German dynamo was believed to be earning between $80 and $100 million per year from driving, in addition to a staggering $50 million in annual endorsements.
