Sports

C Ronaldo Bags Football’s First Billionaire

News Update

THE Portuguese forward, Cristiano Ronaldo has officially become football’s first billionaire, which valued his wealth at $1.4 billion.

His immense wealth stems from lucrative salaries, extensive endorsement deals, and a thriving personal business empire, solidifying his status as the highest-earning athlete globally.

Voice Air Media reports that Ronaldo’s fortune has cements his place as the sport’s highest-earning athlete, ahead of long-time rival Lionel Messi.

Over the years, Ronaldo’s earnings have come from a mix of hefty salaries, sponsorship deals, and personal business ventures. While his wages in Europe were comparable to Messi’s for much of their parallel careers, the balance shifted in 2023 when Ronaldo signed with Saudi Arabian club Al Nassr.

The move reportedly brought in a tax-free package worth $200 million a year in salary and bonuses, plus a $30 million signing bonus. Bloomberg estimates Ronaldo earned more than $550 million in salary between 2002 and 2023.

Endorsements have been another major pillar of his fortune. A decade-long deal with Nike brings him around $18 million annually, while partnerships with brands such as Armani and Castrol have added about $175 million to his total wealth.

Messi, by comparison, has earned roughly $600 million in pre-tax salary over his career. Since joining Inter Miami in Major League Soccer in 2023, the Argentine star has been guaranteed $20 million a year.

Off the pitch, Ronaldo has built an empire under his CR7 brand, spanning hotels, gyms, and fashion. He also owns several luxury properties, including an estate in Quinta da Marinha — a high-end golf resort near Lisbon — reportedly worth €20 million.

And if wealth alone didn’t confirm his global pull, Ronaldo’s social media reach certainly does. With more than 660 million followers, he remains the most followed person on Instagram — a reminder that his influence, like his earnings, is unmatched in world football.

VAM News

Recent Posts

FG to train over six million youths in agric skills

THE Federal Government has unveiled a partnership initiative aimed at equipping over six million Nigerian…

12 hours ago

Twenty-Five Osun Assembly Lawmakers Dump PDP For Accord

News Update Twenty five members of the Osun Stateosu Hpouse of Assembly have defected from…

13 hours ago

Suspension of Night Religious Services Declared In Ondo Over Security Concerns

THE Commissioner of Police in Ondo State, Adebowale Lawal, has stressed the need for religious…

17 hours ago

2027: Governor Fintiri switches party

Governor of Adamawa State, Ahmadu Umaru Fintiri, has formally announced his defection from the Peoples…

24 hours ago

Adeboye @84: RCCG to train 8,400 youths in digital skills

News Update THE Redeemed Christian Church of God (RCCG), Continent 3, says it will empower…

1 day ago

Gov Soludo’s daughter emerges Women Leader of City Boy Movement

News Update First daughter of Anambra State Governor, Adaora Soludo has been appointed Women’s Leader…

1 day ago