Cristiano Ronaldo is considered to be one of the greatest footballers of all time. Having played all around the world, he has amassed millions of fans. Very few sports fans would not know of the legend that is Ronaldo7 (or Cr7), the nickname by which he is known. Being a famous sports star has its perks as well, enabling players to earn millions of dollars over their lifetimes. However, those at the top of their respective games like Michael Jordan, Tiger Woods, and Ronaldo have used their fame and ability to amass unimaginable wealth. Michael Jordan and Tiger Woods were the first billionaire athletes, with Ronaldo joining the club this month. So, what is Cristiano Ronaldo’s Net worth? Where does he earn his money from? What are his notable endorsements that allow his wealth to increase? We will explore all of this and the latest news on Ronaldo’s billionaire status.
Footballing Success
Ronaldo is one of, if not the most successful football players in history. With 725 senior goals and 220 assists for club and country, Ronaldo is on his way to becoming one of the highest scorers in football history. His statistics speak for themselves. He has the record for most goals in the UEFA Champions League (128), the UEFA European Championship (9), the FIFA Club World Cup (7), and the UEFA Nations League Finals (3). Moreover, he also has the most goals scored in a UEFA Champions League season (17). He has won 31 trophies in his career, with 6 league titles in 3 different countries and leagues, 5 Champions Leagues, and 1 European Championships. Ronaldo has also been awarded the Ballon d’Or 5 times in his career, just 1 less than Lionel Messi.
Cristiano Ronaldo’s Net Worth and Sources of Income
Forbes declared that Cristiano Ronaldo’s Net Worth had crossed the billion-dollar mark early in May 2020. This made Ronaldo the 3rd billionaire athlete and the 1st billionaire among footballers. With a current annual salary of $64 million, Ronaldo has made $650 million (£513m) in wages over his 17 years as a football player. Furthermore, the other $350 million was earned through endorsements and business investments. In 2020 however, his earnings have dropped after the Juventus squad agreed to take a 30% cut in wages due to the Coronavirus. Otherwise, his billionaire status could have come much earlier. Forbes predicts and Ronaldo’s rival Messi will join him in the list of football billionaires by next year. This is because he has faced a whopping 70% decrease in his salary due to the pandemic.
Cristiano Ronaldo Endorsements
Ronaldo signed a lifelong deal worth a $1 Billion with Nike, adding him to an exclusive club of players to do so. The other two players to sign a similar deal are Michael Jordan and LeBron James. One of them, coincidentally, is also one of three athlete billionaires. Other Cristiano Ronaldo Endorsements include deals with Electronic Arts (EA), Altice, DAZN, Herbalife, MTG, etc. As per Forbes, it is nearly impossible to judge the exact number of endorsements, since there are too many to count. So much so that over his career, he has earned almost $350 million from endorsements alone. Add to this his various brands like Cr7, and you have got yourself unmatched endorsement income.
Ronaldo’s Business Empire
Ronaldo has prepared himself well for life after football, investing in various ventures of his own. He owns his own luxury underwear line, footwear, blankets, a fragrance line, mobile apps, a creative agency, restaurants, and even hotels. Furthermore, In 2015, Ronaldo also invested $40 million in “Pestana Hotel Group”. Hence, A huge business empire with various income streams comes as a result. Diversifying his portfolio, Ronaldo is someone with incredible financial advisors and agents that help him run his empire. He can be seen enjoying his well-earned money with his family. Cristiano Ronaldo’s wife is a model herself, with 4 children in total.
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What do you think of Cristiano Ronaldo’s Net Worth crossing $1 Billion? This Ronaldo news was inevitable. Let us know your thoughts in the comments below.
