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Cristiano Ronaldo is the first football billkionaire

Cristiano Ronaldo has become football’s first billionaire, according to the financial news website Bloomberg.   The Bloomberg Billionaires Index places Ronaldo’s net worth at £1.04 billion, boosted by his new bumper deal with the Saudi team Al-Nassr.

In June the former Manchester United player signed a two-year extension to his tax-free contract with the Riyadh club, thought to be worth about £300 million, or about half a million pounds a day.  The contract, which will keep him at the club beyond his 42nd birthday, ensured that he remained the best-paid footballer in the world.

The index considers total career earnings, investments and endorsements, and includes Ronaldo’s contracts with companies such as Nike, Armani, Samsung, Louis Vuitton and PokerStars. It says that Ronaldo earned more than £400 million in salary alone between 2022 and 2023.

Miguel Marques, a Portuguese private banker, helps to manage Ronaldo’s wealth through Lisbon-based LMcapital Wealth Management. Ronaldo is said to rely on a close circle of friends and advisers for his investments. He bought the Lisboa Racket Centre and is involved in the construction of the City of Padel, near Oeiras, which will feature 17 courts. There has been investment in Portugal, Ronaldo’s home country, in the form of a hotel chain, Pestana CR7 Lifestyle Hotels, gyms and a media group.

There is a real estate portfolio, including a mansion in Madeira, where he was born, a penthouse in Lisbon and he is completing an estate in Quinta da Marinha that will cost about £15million.

In 2024 he sold his private jet, the Gulfstream G200, and bought a new Bombardier Global 6500 jet worth £61million.

However, for all the diversification, the investment and the drive to be as smart and cute off the pitch as he has been on it as a player, the main driver of wealth has remained his playing prowess and the record-breaking contracts he has signed. It is thought that his latest contract at Al-Nassr involves a 15 per cent future stake in the club.

 

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