The 2018 World Cup caused us to turn our eyes to the teams and the amazing athletes who compete in these high stakes international soccer games. There are some players who rise above others and gain the attention of their adoring fans. One such player is Portuguese Cristiano Ronaldo. He’s a multi-talented soccer player who has entered the limelight not only as a soccer star but also as a savvy young entrepreneur and a celebrity figure in social media. The 33-year-old athlete has managed to amass a net worth of $400 million. Although he’s well paid for his contributions to his team, he doesn’t make as much as Neymar or as Lionel Messi, so how has Ronaldo gotten so rich? We did a little research and we found out how.
He established his reputation early in life
Cristiano Ronaldo has been an outstanding athlete since he was a teenager. He started playing at a young age and began gathering a following of fans because of his talent and skill in the game. He has been one of the popular faces of soccer for years and is known as a brand himself. His diligent commitment to maintaining a strong reputation as a professional soccer player has opened him up for a decent salary and other incentives that go along with being a star athlete.
High salary as a celebrity athlete
Some of the best and most popular soccer players are well-paid for their efforts. This in itself can provide the wealth to live a very comfortable lifestyle. He began his soccer career at the age of 17 in 2002, playing for Sporting CP in the Premeira Liga. He was acquired by Manchester United in 2003 and has been playing professional soccer for almost twenty years. As his talent with the team was more widely recognized, his salary also went up. As early as 2008, his weekly salary for playing for Manchester United was around $160,000 per week. He’s made a lot of money in the sport, but it’s not Ronaldo’s only source of income.
In demand as a player
He was doing well financially, playing for Manchester United, but Real Madrid was willing to pony up more than $106 million to acquire him for Spain’s La Liga. As a member of the new team, his weekly salary increased to more than $243,000 per week in his first year in 2008-9. Since this time, he’s maintained a decent record and gained tenure as a player and his new contract is paying aroundd $50 million annually. The contract was drawn up to run through 2021 to ensure that Real Madrid can keep him on their team for a few years.
Revenue from brand endorsements
Cristiano Ronaldo has joined hundreds of other famous athletes in securing endorsement deals which can pay into the millions. Currently, Cristian Ronaldo brings in around $108 million combined annual income. The Nike company signed him in 2003 for a lifetime deal that is estimated to be at a billion dollars over time. Other brands who’ve signed Ronaldo on including Herbalife nutrition, a popular mobile game called Cristiano Kick n Run and Tag Heuer watches.
He’s an investor
Ronaldo is an entrepreneur and businessman as well as an athlete. He made of $40 million investment into the Pestana Hotel Group and in addition, they will attach his CR7 brand to the chain operates in Lisbon and Pestana currently, and they are expected to continue expansion. He also bought a large stake with majority shares in Thing Pink which is a digital brand agency in Portugal. He plans to use the company to launch his 7Legend brand of tech products.
Ronaldo has been wise with his money and invested in a diverse portfolio, but you must also count his personal assets when calculating his net wealth. His home is a luxury mansion that is located in Madrid with a value of more than $6.3 million. It’s an 8 bath 7 bedroom estate that is fully loaded with amenities. He and his girlfriend have 4 children together, so they need plenty of space and a very large nursery for the younger kids.
Cristian loves his collection of cars and among them are some of the most expensive luxury models and collectible pieces on the planet. He owns a Rolls-Royce Phantom, a collection of three valuable Ferraris, a Lamborghini Aventador and his most recent purchase, a Bugatti Chiron that has an estimated value of $3 million.
Cristiano Ronaldo has a current estimated net worth of around $400 million, and this number is not likely to go down. We predict that it will rise sharply. With multiple endorsement and team contracts in place and his investment strategies taking shape, it’s likely that within a few short years, we’ll see his wealth rise even further.