Top 10 Richest Sports In The World 2020 –Long gone are the eras where sports were seen as mere health exercises meant to promote ones’ physical well-being. Sports, in the contemporary period, have evolved and developed into a highly lucrative field for those who partake in it professionally. This reality is clearly evident in the fact that some of the richest people in the world are sportsmen.
What Is The Richest Sport In The World? From conventional wages and bonuses, prize money from competitions or tournaments they engage in, as well as endorsement deals, an average sports star have multiple alternatives and channels of income. This is why names like Cristiano Ronaldo, LeBron James, Lionel Messi, Kevin Durant, etc. feature in the lists of the richest men in the world. However, it is apt to note that while it is arguable that all kinds of sport are lucrative, it is also apt to note that some kinds of sports are more lucrative than their equivalents. It is to this end that we present to you the top ten richest sports in the world.
Top 10 Richest Sports In The World 2020
It is not a surprise that the topmost names among the lists of the richest sports stars are names of soccer (or football) players. The level of income that football has amassed over the years had recently birthed the increasing opinion that too much money has negatively affected the game. www.telegraph.co.uk has also lent their say to the enormous availability of money to the game of soccer: “Football is awash with broadcasting and sponsorship money that has made a lot of people very rich and others very greedy.” This, however, reveals how rich the game has turned out to be. Some footballers that have featured in Forbes sports list are David Beckham who earned the 8th spot in 2004, 7th spot in 2005 and 2nd place in 2008, Gaucho Ronaldhino who earned the 9th spot in 2007. Cristiano Ronaldo and Lionel Messi respectively are the first and second highest-earning sports athletes.
The increasing popularity of baseball in Latin American and Caribbean nations has undoubtedly culminated in the massive wealth of the sport. In 2014, the average earning among 100 players of the MLB has been said to be $4.5 M more than the average for NBA (which was only $11.9 million) and almost twice that of NFL which was $8.9 million. The wealth of this sport is lucidly shown in the wealth of some of its legends like Cecil Fielder who was no 8 in the Forbes list of the richest sports stars in the world and Alex Rodriguez who consistently featured in the list in 2003 and 2004. A fundamental source of wealth of this sport is in the massive viewership it has come to achieve over the years.
All these above make Baseball the second richest sport in the world
Cycling has been found to be worth over 2.9 billion euros to the British economy alone, thanks to the popularity and general publicity the sport has attained in recent years. Legends of the sports like Ochowicz and Lance Armstrong were said to have ignited the revolution that has placed cycling as one of the most prominent and lucrative sports of the contemporary time. The modern prominence cycling has acquired, is traceable to the 2004 Olympics in Athens as proven by the massive rise in the sale of Bicycle in places like Britain. This only marked the incipience of the modern popularity the sport has enjoyed today in the high increase of cycling fans and an upsurge in the number of bike riders.
4. Ice Hockey
It is common knowledge that the NHL has large followership across the world. In America for instance, about 30 million fans are keen followers of the sport, in Canada, about 17 million people, as well as about 2 million people in the UK. The input of this popularity is not far-fetched as Sportingintelligence has ranked the NHL as the fifth richest sports league in the world in terms of the average earnings of the average players in the different kinds of sport. The average player in the NHL is estimated to earn over 1.2 million euros a year. Owing to the high profitability of this sport, legends like Wayne Gretzky, Joe Sakic, and Sergei Fedorov have featured in the Forbes list for the richest sports stars in the world.
In 2015, Wimbledon’s official surplus on turnover of 169.7 million euros was 32 million euros, up from 25.6 million euros in 2008. Similarly, all other tennis tournaments have also experienced such massive growth. In the same year, the tennis legends Federer and Nadal earned $56.2 million and $45.5 million respectively and consequently included in the world’s top 10 highest paid sports stars in the world. It is as a result of the consistent feature of tennis stars in the lists of the richest sports stars in the world that the WTA tours have been rated among the highest paying tournaments in the world. The reality of the wealth that the game of tennis has acquired cannot be separated from the colossal number of fans it has attracted in recent years.
6. American Football
Coming in the sixth position, on our list of the richest sports in the world, The National Football League (NFL) and its 32 teams have been said to have earned an enormous $1.07 billion from sponsorship revenue in 2013. A huge portion of the revenue increase has been linked to the deal between Microsoft and the NFL in which there was a deal of a $400 million that was aimed at securing the exclusive right for surface tablets and other Microsoft products. The source of the American football players stems from 55 percent of league media, including all broadcasting revenue, 45 percent of NFL ventures and postseason revenues and 40 percent of local revenues which includes all revenue received or to be received by Club or club affiliates. This buoyant streams of income have enriched the game and produced some of the richest sports stars in American football. Players like Peyton Manning who earned the 3rd spot on Forbes list of richest sports stars in 2004, Michael Vick who achieved the 4th place in 2005 and Tom Brady who achieved the 9th place in 2006 are relevant examples.
One of the most foremost Golf legends, Tiger Woods has placed this game in a top pedestal by his consistent no 1 spot on the Forbes list. His successes in the list have placed the game of Golf ahead of other kinds of sports in terms of how lucrative they are. Woods topped the list in 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011 and 2013 with respective $69 million, $78 million, $80 million, $87 million, $90 million, $100 million, $115 million, $110 million, $105 million, $75 million and $78.1 million. Other players before and after Woods have also featured in the lists of the richest sports stars in the world.
Some of the richest sportsmen who have featured consistently in the lists of the richest sports stars in the world are auto-racers. Events such as Formula 1 and Grand Prix are universally seen to be among the highest paying sports events in the universe. Hence, millionaires such as Michael Schumacher (with net worth of $800 million), Eddie Jordan (with net worth of $475 million), Ayrton Senna (with net worth of $400 million), Dale Earnhardt (with net worth of $300 million), Don Schumacher (with net worth of $300 million), etc. have been raised by the sport. Also, legends of the sport such as Michael Schumacher, Senna, Nigel Mansell, etc. have consistently featured in Forbes list.
Although one of the most feared sports, boxing evidently poses to be one of the most lucrative games in modern times. This is clearly proven by the high level of millions of dollars that end up in the pockets of boxers. In 2012 for instance, the top two on the list of the highest-paid athletes/sports stars are boxers, Floyd Mayweather with $85 million and Manny Pacquiao with $62 million. Other boxers such as Klitschko (24th) and Cotto (75th) also featured on the list. Over the years, boxers such as Mike Tyson (in 1991 and 1996) and Evander Holyfield (in 1992) have also featured massively in the lists of the highest-paid athletes in the world.
The NBA’s revenue has been recorded to have experienced massive explosions or booms in 2011 and 2016 owing to the new national television broadcast that pays the league roughly $1.6 billion per year more than the previous contract. $800 million of this increase is said to go straight to players through a higher salary cap while the other half goes to teams. This massive boom as undoubtedly further boosted the lucrativeness of the sport ahead of others. Basketball players are also constant features on the Forbes lists. Players like Michael Jordan (with a net worth of $1.1 billion), Magic Johnson (with a net worth of $500 million), Shaquille O’Neal (with a net worth of $350 million) and LeBron James (with net worth of $320 million) have featured among the richest athletes in recent years.
That’s all about Top 10 Richest Sports In The World 2020.
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