Sports, in general, has become one of the most lucrative professions in the modern world, with the richest athletes becoming millionaires and even billionaires.
With such a vast stream of income, you can’t help but wonder how the richest athletes manage their finances. But don’t look too far, as this article from Sports Buddy provides the right answers to your questions.
This article presents a list of five of the richest athletes, in no particular order, highlighting how they manage their wealth through investments and business ventures.
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The world’s richest athletes and how they manage their finances
Cristiano Ronaldo – Net worth: $800 million
Ronaldo has dominated the round leather game for almost two decades, winning several trophies and personal awards.
The Portuguese veteran is among the wealthiest athletes in the world, and his success extends beyond his on-field accomplishments.
The five-time Ballon d’Or winner signed a lucrative two-and-a-half-year contract worth $75 million per year with Saudi Arabian team Al-Nassr, after playing for Europe’s top clubs, including Manchester United in two stints, Real Madrid, and Juventus. He could earn up to $200 million through commercial agreements, making him the highest-paid athlete on the planet.
According to Forbes, Ronaldo’s total earnings are $260 million, also including $60 million in off-field income.
Ronaldo’s business investments and other sources of income
The 39-year-old is known for diversifying his income and accumulating a substantial portfolio through his investments in numerous companies. His business ventures appear to be growing even more as his playing career draws to a close.
In 2024, Cristiano Ronaldo’s net worth is estimated to be approximately $800 million. His amazing net worth is a result of his multiple revenue streams. Here, we look at some of his companies:
Pestana CR7
Cristiano Ronaldo and Pestana Hotel Group, a Portuguese tourist company that subsequently changed its name to Pestana CR7, have partnered to create this hotel brand.
It was initially set up in Funchal, Madeira, Ronaldo’s hometown in Portugal. However, the company has now spread to cities including New York City, Lisbon, and Madrid.
The CR7 Brand
He has also invested heavily in the fashion industry. His personal brand, CR7, manufactures a variety of goods, such as apparel, accessories, shoes, fragrances, and eyewear.
Ronaldo has a business that makes underwear for both sexes. Also, he developed Eden Perfume Cristiano Ronaldo Fragrance in partnership with a British perfume producer.
Gym and fitness centre
In 2016, Cristiano Ronaldo agreed to open CR7 Crunch Fitness under a contract with Crunch Franchise. It has only been established in Portugal and Spain thus far.
Restaurants
Cristiano Ronaldo also has a stake in Groupo Mabel Capital, the company behind the elite restaurant Mabel Capital Zela.
Hair Clinic
It is among Ronaldo’s most recent ventures. Ronaldo established a hair clinic in Spain while playing for Juventus, providing transplant services to help individuals feel better about themselves.
Ronaldo holds 50% of the company’s shares; his girlfriend, Georgina Rodriguez, is in charge as the executor. It also has a number of branches in Portugal.
Private Jet
Ronaldo also owns an aircraft, which he rents out. It costs about three thousand euros an hour to rent. This is one of his most profitable businesses.
