Sports

Ronaldo becomes first active footballer to reach billionaire status

Portuguese football legend Cristiano Ronaldo has achieved a new milestone, becoming the first active footballer in history to amass a net worth exceeding $1 billion.

According to financial reports from Bloomberg Billionaires Index, Ronaldo’s earnings include a combination of record-breaking contracts, lucrative sponsorship deals, and diverse business ventures ranging from fashion and fragrances to hotels and gyms.

The Al-Nassr forward, who currently plays in the Saudi Pro League, continues to top global athlete earnings charts, with annual income reportedly surpassing $200 million.

“Ronaldo earned over $550 million in salary between 2002 and 2023,” the report reads.

“He also signed a decade-long Nike deal for nearly $18 million annually and other endorsements with brands like Armani and Castrol, adding over $175 million to his net worth.

“His 2023 transfer to Al-Nassr earned him around $200 million yearly in tax-free salary and bonuses, plus perks including a $30 million signing bonus.”

Ronaldo’s off-pitch ventures, particularly his CR7 brand, which spans clothing, eyewear, perfumes, and hospitality, have significantly contributed to his financial success, cementing his reputation as both a football icon and a global business powerhouse.

With this achievement, the five-time Ballon d’Or winner joins the ranks of elite athletes such as Tiger Woods, Floyd Mayweather, and LeBron James, who reached billionaire status during or after their sporting careers.

 

Mayowa

Mayowa

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