As we know, tennis is a major Olympic game in which two players compete against one another. They aim to hit the tennis ball to the opposite side of the court so that the opponent cannot return it successfully. Different cup tournaments, such as Grand Slam series, etc. attracts high prizes with millions of dollars in earnings. Winners of such competitions secured millions of dollars, and star contracts and sponsorships, which makes tennis one of the most lucrative sports in the world.
Tennis stars like Roger Federer, Rafael Nadal, and Serena Williams earn millions of dollars yearly from salary/bonuses and sponsorship deals with Nike, Adidas and other world’s big brands. In 2020, according to reports, Roger Federer is the most paid athlete and tennis player in the world, earning a total of $106.3 million, with endorsements alone accounting for about $100 million of that sum. As of 2020, the average tennis player salary is estimated at $38,800 per annum.
ATP World Tour – career prize money earnings of tennis players 2020
Published by David Lange, Nov 25, 2020 Novak Djokovic is the career leader in prize money earnings on the ATP tennis World Tour. With more than 143 million U.S. dollars in prize money earnings, he is only one of three players who have made more than 100 million U.S. dollars from prize money in men’s professional tennis. The only other two are Roger Federer and Rafael Nadal. Following his eighth title at the Australian Open in 2020, Djokovic also leads the way in prize money earnings in 2020, banking almost 4.5 million U.S. dollars before the season was halted as a result of the coronavirus (COVID-19) pandemic.
Top players make more from endorsements and sponsorships
Even though the top players like Djokovic, Nadal, and Federer earn millions every year in tournament prize money, they generate even higher income from off-court earnings such as endorsement and sponsorship deals. In the twelve months from June 2018 to June 2019, Roger Federer generated about 86 million U.S. dollars in income from endorsements alone, thanks to his partnership with brands including Uniqlo, Credit Suisse, and Mercedes-Benz. Meanwhile, Federer’s prize money income stood at 7.4 million U.S. dollars for the same season, thereby accounting for less than 20 percent of his income in that time period. In the women’s game, Serena Williams, one of the most successful female tennis players of all time, was able to command 25 million U.S. dollars from her sponsorship deals with brands including Nike, Wilson, Gatorade, Pepsi, and Aston Martin.
Top 3 Grand Slam title and prize money leaders congruent
Somewhat unsurprisingly, the three male players topping the career prize money list are also the top three in terms of Grand Slam tournament wins and considered to be amongst the greatest tennis players of all-time. Roger Federer has won a record 20 Grand Slam tournaments, Rafael Nadal has 19 titles, and Novak Djokovic has 17 Grand Slam titles to his name.
Prize money leaders on the ATP tennis world tour 2020
Published by David Lange, Nov 25, 2020 The statistic ranks the tennis players by the prize money won in 2020. Novak Djokovic has won over six million U.S. dollars in prize money in 2020 so far. He has also consistently ranked amongst the top tennis players in the ATP Rankings throughout his career.
Tennis: highest paid tennis players worldwide 2019/20
Published by David Lange, Nov 25, 2020 This graph depicts the highest-paid tennis players worldwide in 2019/20. Between June 2019 and June 2020, Roger Federer earned about 6.3 million U.S. dollars in prize money and around 100 million U.S. dollars from endorsements. He has also consistently ranked amongst the top tennis players in the ATP Rankings throughout his career.