Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.
How Cristiano Ronaldo, the world's highest-paid sports star, makes and spends his millions
How Cristiano Ronaldo, the world's highest-paid sports star, makes and spends his millions
Nov 13, 2016, 01:59 IST
Ronaldo earned $88 million (£61 million) in the last 12 months, according to Forbes, making him the highest-paid sports star in the world.
Advertisement
More than one-third of that ($32 million/£22 million) was from endorsement deals with companies like Tag Heuer and Nike.
Advertisement
He also has deals with companies like Herbalife, Castrol, Samsung, and KFC.
He was raking in over $13 million (£9 million) per year from his Nike deal alone. He has been part of Nike's team since 2003.
Advertisement
Ronaldo's new deal with Nike will reportedly pay him $24 million per year for the rest of his life. At that rate, the deal will reach $1 billion in total value when Ronaldo is 73 years old.
Ronaldo also recently signed a new 5-year deal with his La Liga club, Real Madrid. That deal is reportedly worth $460,000 per week or about $24 million per year, and will keep him in Madrid until he is at least 36.
Advertisement
If he ever leaves Madrid, the team that buys him will have to pay the club $1 BILLION (£690.5 million) in a buy-out.
So what does he spend his money on? One of Ronaldo's biggest hobbies is cars. He drives a $300,000 (£207,000) Lamborghini Aventador, along with his Maserati (pictured).
Advertisement
He also reportedly owns a Bentley, a Porsche, and a Mercedes, among others.
He's not always careful with them, though. In 2009 he crashed a $320,000 (£221,000) Ferrari in Manchester, where he used to play.
Advertisement
He lives in a $7.1 million (£5 million) villa in La Finca — an exclusive community in Madrid built by architect Joaquin Torres.
It's really nice.
Advertisement
Really, ridiculously nice.
Speaking of property, in 2015 he reportedly dropped $18.5 million (£13 million) on an apartment in Manhattan's Trump Towers.
Advertisement
He opened a gorgeous, football-themed hotel in his hometown of Madeira, Portugal.
He's also been spotted wearing a $160,000 Jacob and Co. watch — a perk of having an endorsement deal with the company.
Advertisement
Ronaldo even liked a wax statue of himself so much that he reportedly spent $31,000 to have one made that he could keep.
The original is at Madrid's Museum of Wax and Ronaldo reportedly provides a hair stylist who shows up once a month to the museum to make sure the hairstyle is current. Presumably he does the same with the statue at his home.
Advertisement
Ronaldo's fame and wealth has made his love life a constant source of media scrutiny. He dated Irina Shayk ...
... a gorgeous Russian swimsuit model and actress.
Advertisement
But after five years together, the couple split up in January 2015.
Ronaldo is also a fashion aficionado.
Advertisement
In fact he's just as comfortable in expensive suits as he is in a football kit.
Ronaldo is also a fan of cryotherapy where the body is subjected to temperatures as low as minus 264 degrees Fahrenheit to help muscles recover and to heighten his alertness.
Advertisement
He has modeled for Armani, and has an underwear line coming out with designer Richard Chai.
Not all of his endorsements have been cool and sexy. There was this bizarre commercial for an Israeli telecom firm.
Advertisement
And he was reportedly paid $22 million to not appear in a film being made by Martin Scorsese.
But his pretty-boy image hasn't always been appreciated by opposing fans.
Advertisement
He's not bothered, telling The Guardian "I think that because I am rich, handsome and a great player people are envious of me. I don't have any other explanation."
But he's displayed human moments, like the time he cried after winning the FIFA Ballon d'Or in 2015.
Advertisement
There's also his charity work, including a donation of $165,000 (£114,000) to a Portuguese cancer centre and $83,000 (£57,000) to fund a 10-year-old fan's brain surgery.
Keep up the good work, Cristiano.
Advertisement
Now check out which schools have the most dominant athletics programs.