How Andy Murray Achieved a Net Worth of $70 Million

If you are a tennis fan, you have most certainly heard of Andy Murray. Even though he has been out of the scene for a few years due to injury, he is still an iconic name in the sport. He has certainly won his fair share of prize money for the ATP tour through the years as a British tennis professional, but there is so much more to his success than that. While indications are that he was going to retire in 2019 due to his injuries, he may actually have found relief to his nagging problems and is attempting a comeback. That will be great news to the tennis world. For now, he can rest easy knowing that he has a cool $70 million in the bank. Here is how he got there.

His Background

Andy Murray was a tennis prodigy. His parents knew this from an early age, sending him to a famous tennis academy in Florida. It is there that he would train right alongside the likes of Maria Sharapova and Novak Djokovic. Playing alongside that type of competition throughout his teen years would turn him into one of the most successful professional athletes that Great Britain has ever produced.

At his peak, Andy Murray was the number one ranked tennis player in the world back in 2016. This speaks volumes about his earning potential. He was winning major tournaments left and right, each one adding to his net wealth. If he were to retire in 2019, his net worth is already well in excess of $70 million. Ironically, much of his money comes from a variety of endorsement and sponsorship deals that he has signed through the years.

What is Happening Now?

Many might question how much Andy Murray is worth now because he has largely been absent from the tennis scene for the past few years. While that is true, he is still having a major impact on the world of tennis. People are still looking for him to return, and he may just be able to. Time will tell, as he has been dealing with agonizing hip issues for the greater part of two years. While he can still play with the best, the pain is just too much for him to deal with at times. Even given that, he is still highly sought after as a true ambassador of the sport. He regularly speaks out about gender equality issues within the sport of tennis, which has earned him more than a few friends amongst his fellow players. It has also earned him even more sponsorships, even as he is no longer playing at a highly competitive level.

Where His Money Comes From

There is no denying that Andy Murray has had a highly successful playing career. Even though he played at a time that was dominated by three great players in Roger Federer, Novak Djokovic, and Rafael Nadal, Murray was still able to win his share of titles. While he would have like to have won more Grand Slam championships, he reached enough finals alone to add millions to his net worth every year. Add in the championships that he did win, and he was already well on his way to making a great deal of money.

While you might think that most of his money has come from prize winnings, that would not actually be true. By the time he was 31 years of age, he had won more than an astounding $60 million in prize money. That is enough for most people to just relax and enjoy the rest of their life. For Murray, however, that was just a drop in the bucket. Because of his notoriety, he has also been able to pocket more than $100 million in money received directly from sponsorships. Naturally, there are taxes to account for in these earnings, but Murray has differed from many professional athletes in that he has found a way to hang onto much of his money.

Murray is known for being very cautious in how he spends his money. He does not spend lavishly, instead choosing to invest his money. Most notably, he works hard to support small businesses and has assembled quite a portfolio of property through the years. All of this contributes mightily to his net worth as well. He is endorsed by major hotel chains, has inked some book deals, and is even a spokesman for a famous salad chain in the United Kingdom.

A Brief Summary of His Earnings

You might find it interesting to know some of the hard figures from Murray’s earnings through the years. The year 2016 would his banner years, as that was the year that he was able to win his second Wimbledon singles title in the gentlemen’s division. That win alone netted him a total of $2.5 million. All told, he would win nine titles that year alone, amounted to a total of $16.3 million. Again, this does not take into account his endorsement and sponsorships.

In 2016, he was on the Forbes list of the 40 wealthiest athletes of the year. That has him making a combined total of just under $29 million when taking into account his earnings from the sport and his sponsorships deals. This is not bad at all. In 2016, he signed a deal with Under Armour to be his sponsor. That was worth $18.6 million. He has also worked with a variety of companies throughout the years. Most notable among these are Standard Life, Rado, and Head. In 2016, he was able to sign an endorsement deal with the carmaker Jaguar that would add an additional $2 million to his net worth. The list keeps going.

Conclusion

Andy Murray has assembled such a nest egg because of his popularity, hard work, and ability to hang onto his money. Even if he does end up retiring in 2019, he can say he has had a truly successful run. Perhaps he will be able to go on for a few more years. We shall see.