Footballers, especially those talented and famous, enjoy their luxury lives every day with the property of up to millions of dollars. Cristiano Ronaldo is not an exception. Recently, Forbes has officially declared this talented Portuguese football the first billionaire footballer. There is nothing to doubt about this news. Because of the achievements that he accumulated more and more. His name always appears on the front page of sports magazines, or on football news sites, such as tructiepbongda.mobi. In addition to football activities, he also does what to increase his income. Read the article below.
Cristiano Ronaldo becomes the first billionaire in the world of athletes
A billionaire football star – Cristiano Ronaldo. Source: Fblivescores.com
Cristiano Ronaldo has made his name the hottest topic in every social media site when his property reaches the amount of $1 billion, leaving him the sport’s biggest earner at the moment. Cc’s fans now have another reason to love this man. He is not only a talented and goal-addicted player but also a handsome man who has the biggest earning. On the financial magazine’s Celebrity 100 list which reveals 100 richest celebrities, the Portuguese football star comes in the forth. He earned a total of $105 million earnings before taxes last year. This amount included the money he earned from his salary and endorsements, increasing his total earnings over his career to be over $1 billion.
Until now, Cristiano Ronaldo is still the hottest footballer of all time, who has made 725 domestic and international scores. Cristiano Ronaldo is one of the only three athletes to reach that mark while still playing football. The list includes Cristiano Ronaldo, Tiger Woods and Floyd Mayweather. Cristiano Ronaldo has reached the mark when he still plays a team sport, which is different from his rich peers, Tiger Woods and Floyd Mayweather, who achieved that when they were at their retirement.
Cristiano Ronaldo is now playing for the Juventus club. This is his second season playing with the club which paid him a total amount of $60 million last year. The amount of $60million is the amount left after cutting 30% due to the corona outbreak in April. It is reported that during 17 years of Cristiano Ronaldo’s career, playing with several clubs, including Sporting Clube de Portugal, Manchester United, Real Madrid and now Juventus, Cristiano Ronaldo has made $650 million in salary only. However, this amount seems not to stop increasing, especially when his current contract with the Juventus club comes to an end in June 2022.
Adding to the sky-rocketing salary, with his great reputation and handsome appearance, Cristiano Ronaldo also earns himself many giant endorsement deals. One of those endorsements we must mention here is his deal with Nike. This is the deal that lasts for a lifetime and earns him $20 million annually. Many other companies are sponsoring Cristiano Ronaldo, including Clear shampoo, pharmaceutical company Abbot and Herbalife.
Currently, Cristiano Ronaldo is not the biggest earner in the world of sports. Roger Federer is the man who earns the most in the sports world with $106.3 million during the year of 2019. Therefore, when Cristiano Ronaldo became the first man among athletes to own a billion-dollar and Roger Federer has not reached this title, it is a bit shocking to people in the sports industry.
This is how he has made himself a billionaire
Cristiano Ronaldo earns many lucrative endorsement deals. Source: Nghien Bong Da
As one of the most popular and highest-earning athletes in the world, how Cristiano Ronaldo earns millions of dollars, and how he spends his money have made many people curious.
According to Forbes, Cristiano Ronaldo was reported to earn a big amount of up to $109 million in 2019. It was this $109 million that made him the highest-paid sports player in the world this year. The highest-paid footballer in 2019, without any doubt, was his famous peer, Lionel Messi, with a total earning of $127 million.
Lucrative endorsement deals
With his extremely enormous popularity, Ronaldo is the target of many brands because they know that if they have him as their representative or endorser, he could bring much public attention to their brands. And thanks to his internationally massive popularity, Cristiano Ronaldo earned $44 million last year. He had endorsement deals with many big names such as Tag Heuer, Clear Hair Care, and Nike, a nutrition company Herbalife and a hair transplant company.
Cristiano Ronaldo’s endorsement deal with Nike had been a hot topic in news and television for its lucrativeness. As mentioned above, he receives an amount of $20 million annually. The endorsement deal was signed in 2016 and could go on for a decade even after Ronaldo’s retirement. Add to that, his endorsement deals with other companies such as Tag Heuer, Altice, DAZN, Electronic Arts, Herbalife,…which earns him a great fortune, contributing considerably to his excessive property.
By hiring Cristiano Ronaldo to be their endorsers, brands such as Nike can build their exclusive image as well as gain public attention. According to Forbes, Ronaldo is currently the most followed athlete on social media, which is the reason why he can get big deals with companies. He has more than 223 million followers on Instagram, 126 million on Facebook, and about 85 million on Twitter, as reported in May 2020.
On top of Cristiano Ronaldo’s mega-contract with Juventus, we must mention the sponsorship deals which help him bring in $138 million over four years. Juventus club also paid an enormous transfer fee of up to $117 million to have him playing in their team. Besides, when participating in football tournaments, many businesses and individuals are willing to give him money for his excellent performance.
His business interests
He also pays interest in business investment. Source: Booking.com
The Juventus star shows his great interest in business investments. In 2019, he invested in a hair treatment clinic In Sparta. As reported, the football star held a 50% stake of the company and Georgina Rodríguez – his partner – was the administrator of the company. The clinic Inspira has opened several branches in Portugal with the main service line being hair transplants. Ronaldo and his partners were reported to invest 25 million euros in the company.
Cristiano Ronaldo also joined in a venture with the Pestana Hotel Group – a big name in Portuguese leisure and tourism industry – to open a hotel named Pestana CR7. This was the third hotel that the footballer put his money, besides a hotel in his native Madeira and another hotel in the capital Lisbon. The Juventus star also negotiated to open two hotels in the capital of Spain, including one in Plaza Mayor and one on nearly Gran Vía.
Cristiano Ronaldo pays his great interest in several different fields and has invested in them, including textiles and fragrances, restaurants, Museu CR7 (a museum where visitors can view his haul of trophies and awards), gymnasiums,…
Cristiano Ronaldo is the first football star to reach the amount of 1 billion dollars in his property. This title is thanks to his exceptional talent in football, his enormous popularity as well as his business acumen.