Do you know who is the World’s Highest-Paid Athletes in 2020?
For the first time, the 38-year-old Swiss tennis player is at the top of Forbes’ ranking of the World’s Highest-paid Athletes of the past year, thanks to his several lucrative advertising contracts. The American magazine also accused Kylie Jenner, who announced to be a billionaire, of lying about the success of her cosmetics company.
Due to lockdown, the competition between sportsmen and women moves to other fields. The American magazine “Forbes” unveiled on Friday its annual ranking of the world’s highest paid athletes. And the big winner is Roger Federer. The Swiss tennis player has won 106.3 million dollars (95.5 million euros) over the past year.
The 100 highest-paid athletes earned a combined $3.6 billion this year, which is 9% below 2019 and the first decline since 2016, when boxers Floyd Mayweather and Manny Pacquiao skewed the results with a $400 million payout from their May 2015 “Fight of the Century” pay-per-view bout.
Federer, who holds the record of the number of Grand Slam titles, has climbed to the top of the symbolic podium for the first time, ahead of footballers Cristiano Ronaldo ($105 million in one year) and Lionel Messi ($104 million). The Top 5 is completed by a third footballer, PSG striker Neymar (95.5 million), and the American basketball player LeBron James (88.2 million).
A lucrative partnership with Uniqlo
Roger Federer was “only” fifth last year. Even if his gains on the ATP circuit courts were significant this year (6.3 million USD), it was mainly his advertising contracts and private partnerships that enabled him to make such a leap.
In total, these brought him $100 million over the year, making him the second active athlete (after Tiger Woods) to reach this threshold in advertising revenues in one year. His revenues are due to the very lucrative contract signed with the Japanese textile brand Uniqlo, which will pay him $300 million over ten years.
Kylian Mbappé, first Frenchman
Roger Federer is well ahead of the first Frenchman in this ranking, which is Kylian Mbappé, 36th, with 33.8 million in income in 2019. The “French team” is completed by two other footballers, Paul Pogba (50th) and Antoine Griezmann (60th).
The young PSG striker is just behind the only two women of this list: the tennis players Naomi Osaka (29th, with $37.4 million) and Serena Williams (33rd, with $36 million). “This is the first time since 2016 that two women have reached these rankings,” Forbes noted.
Kylie Jenner’s misleading fortune
Specialized in wealth valuation, the American magazine has decided to withdraw the billionaire title it awarded last year to Kylie Jenner. This position has been now filled with World’s Highest-Paid Athletes in 2020. It accuses the youngest member of the Kardashian-Jenner “clan” of having lied about her real wealth.
The young American, a global celebrity with 178 million subscribers on Instagram, is said to have greatly overestimated the turnover of her cosmetics brand, Kylie Cosmetics. Created in 2015, the brand would have generated some $420 million in sales in only eighteen months of existence. A success that convinced cosmetics giant Coty to take 51% of the shares against 600 million dollars by the end of 2019.
Inflated revenues and false tax returns
According to the recent financial information published by the American group, Kylie Cosmetics would not be as profitable as it was said. “Forbes” estimates that the turnover is in fact.. three times less, and accuses Kylie Jenner and her mother of filing false tax returns to give the company a more attractive image than reality.
The twenty-two year-old woman is said to have sought to inflate her income in order to gain recognition as a successful businesswoman, and to have lobbied the magazine for several months to be crowned billionaire on the front page. Kylie Jenner denied all of these “unsubstantiated claims”.
Forbes now estimates her fortune at just under $900 million and she no longer in the official billionaires’ club.