No, Cristiano Ronaldo Is NOT A Billionaire

Here we go again. A number of websites report that Cristiano Ronaldo became the first billionaire soccer player. Again, the math here is questionable and Ronaldo is not a billionaire. Far from there. Cristiano Ronaldo has a net worth of $ 500 million. What is true is that Cristiano’s $ 105 million salary and benefits make him the first football player to win a billion dollars.

The 35-year-old forward is just the third athlete to hit the mark while playing professionally. Tiger Woods reached this level in 2009 thanks to its long-term agreement with Nike. Floyd Mayweather hit him in 2017 and got most of his revenue from a reduction in à la carte sales for his boxing matches.

Ronaldo has the distinction of being the first athlete to win $ 1 billion in a team sport. He earned $ 650 million on the soccer field during his 17-year career. His current contract runs until June 2022 and is expected to bring his total revenue to $ 765 million.

After spending 9 years with Real Madrid, Cristiano Ronaldo signed a four-year agreement with Juventus in 2018 that pays a base salary of $ 64 million. Off the field, he earns about $ 45 million a year from endorsements. One of his most lucrative brand promotion deals was with Nike. In November 2016, it was revealed that Cristiano had signed a billion-dollar “lifetime” agreement with Nike. He is only the third athlete (Michael Jordan and James Lebron are the other two) to enter into a lifetime agreement.

The specific terms of the agreement are not known, but it is believed that the agreement was accompanied by a signing bonus of $ 100 million. Cristiano earns around $ 20 million a year. In addition, Cristiano Ronaldo has his own fashion and lifestyle brand CR7, a chain of hotels of the same name, and his own museum located in his hometown of Funchal, Madeira, Spain.

Cristiano Ronaldo
Cristiano Ronaldo / Alessandro Sabattini / Getty Images

Ronaldo is also the most popular athlete on the planet with more than 425 million followers on Instagram, Facebook and Twitter. Her beauty and sweeter side as a father of four make her a fan favorite. He first became the father of a son, Cristiano Jr., born June 17, 2010, in the United States.

He has full custody of his son and has never publicly disclosed the mother’s identity. Ronaldo became the father of twins, his daughter Eva and his son Mateo, born on June 8, 2017 in the United States through surrogacy. He is in a relationship with the Spanish model Georgina Rodríguez, who gave birth to their daughter Alana Martina, on November 12, 2017.

Cristiano Ronaldo is a very wealthy man. But no: he is not a billionaire. It’s just a misinterpretation of the fact that he earned a billion over the course of his career. It is totally different to have a billion dollars in cash and assets.

Content Protection by DMCA.com

Check Also

Billionaire Ken Griffin’s $100 Million Basquiat Painting Displayed In Chicago

If you are planning to be in Chicago soon, you should definitely plan a visit …