Sport is a significant facet of entertainment as it triggers enthusiasm from millions of people across the world. When discussions are held about the richest sports in the world, we look at all the most popular sporting events in the world in relation to the highest-grossing tournaments and their popularity, highest-paying sports genres, and the athletes who earn the most.
So, Which Sport Is The Richest Sport In The World 2021?
Some soccer fans ignorantly assumed that footballers are the only highest-paid athletes in the world whereas a good deal of professional basketballers, golfers, boxers, and F1 athletes earn far better than many footballers.
The game of soccer attracts a larger number of an audience than any other sport does, football isn’t the only highest-paying or richest sports in the world. Quite frankly, some footballers (such as Lionel Messi and Cristiano Ronaldo) earn massive income annually and numerous football lovers were delighted as Cristiano Ronaldo topped Forbes’ list of Richest Players for 2017 based on the massive income of $93 million.
With regard to veritable findings, we take a look at the top 10 World richest sports based on events/tournaments held and players’ earnings.
Top 10 Richest Sports In The World 2021
1. Football (Soccer)
Soccer –popularly known as football –is one of the most cherished sports in the world. For years, it has appeared amongst the highest-paying sports and a significant number of its participants have claimed presence on Forbes’ lists of Richest Players,
In 2017, Portuguese and Real Madrid star, Cristiano Ronaldo claimed the first position on Forbes’ list of Richest Players with the massive overall income of $93 million. Meanwhile, his toughest contemporary Lionel Messi clinched the second position on that same list with the overall income of $86.2 million. These figures serve as an eye-opener that football is undoubtedly one of the highest-paying sports in the world.
Soccer also has prestigious tournaments like UEFA Champions League, UEFA European Football Championship, FIFA World Cup, and UEFA Europa League among others, are some of the highest-grossing sporting events in the world yearly. No other sports have up to that number of different events with huge net worth.
Basketball, coming in as the second richest sport in the world, it is also currently the highest paying sport in the world. This might seem unbelievable to some people especially football aficionados who think football is the highest-paying sport. NBA is a basketball tournament and it has been praised significantly for appearing among the sports leagues that reward athletes most.
High-profile basketballers earn big and statistics show that they have various sources of income including endorsement deals and salaries paid by their respective teams. Basketball has been a high-paying sport for long and this can be substantiated through the massive sums its participants have been earning for long.
In 1992, Michael Jordan claimed the highest spot on Forbes’ list of Richest Players with the overall income of $35.9. Meanwhile, his overall income rose to the sums of $36.0 and $43.9 million in 1993 and 1995 respectively. Presently we have basketball athletes with the likes of Lebron James ($86.2 Million), Kevin Durant ($60.6 Million), Stephen Curry ($47.3 Million), and James Harden ($46.6 Million) are among the current highest-earning athletes in the world.
Boxing is a very demanding sport to engage in but the great reward it guarantees really makes up for all its downsides. Considered one of the most dangerous sports on earth, boxing has carved out a niche for itself among the best-paying sports. To clarify this, there are a significant number of boxers (including Manny Pacquiao, Vladimir Klitschko, and Floyd Mayweather among others) who earn millions of dollars.
Like other professional sportsmen, boxers have a varied source of income as this includes endorsements, betting and commissions realized from “Pay per View’’. Boxers are paid sumptuously as the prize for their vigorous athletic skills in tournaments. Without any doubt, Mike Tyson is one of the legendary athletes who has graced the sport of boxing as he claimed the first spot on Forbes’ list of richest players in 1991 with the net income of $28.6 million. Significantly, Mike Tyson reclaimed this feat in 1996 with a sumptuous income of $75 million.
Prominent boxers like Floyd Mayweather who emerged atop the stated Forbes’ list in 2015 with the whopping income of $300 million. Meanwhile, he earns a massive income of $105 million in 2014. Manny Pacquiao earning up to $160 Million.
4. Auto Racing
There are a number of auto racing events as they include NASCAR and Formula 1’s Grand Prix. Interestingly, each of these auto racing events constitutes the highest-paying sports in the world. Though disastrous risks such as accidents are involved in racing events, athletes are rewarded with great magnitudes of wealth in return. Besides their normal earnings from racing activities, participants get endorsement deals to help double up their wealth.
Michael Schumacher, a legendary F1 athlete, bagged the total income of $49 million in 1999 and this took him to the highest spot on Forbes’ list of Richest Players. With the sumptuous income of $59 million, Schumacher re-claimed this feat in the subsequent year. Amongst many others, Nigel Mansell and Ayrton Senna are considered incredible racing athletes who have appeared on Forbes’ list of Richest Players.
Golf is one of the loveliest sports that enthuse audiences and anyone who is conversant with it should be able to mention one or more reputable golfers of all time. Tiger Woods is unarguably one of the world’s greatest athletes within and beyond his sports genre. In his historic achievements, he topped Forbes’ list of Richest Players for 11 times. His first emergence atop the list came in 2002 with the massive income of $69 million. He repeated this incredible feat for 10 more times in the years 2006 ($90 million), 2005 ($87 million), 2007 ($100 million), 2003 ($78 million), 2011 ($75 million), 2004 ($80.3 million), 2013 ($78.1 million), 2009 ($110 million), 2010 ($105 million) and 2008 ($115 million).
Prior to Tiger Woods’ mouthwatering record, golfers like Arnold Palmer and Jack Nicklaus earned the 4th place and the 3rd place respectively on Forbes list of Richest Players in 1994. Arnold amassed the total income of $13.6 million while Nicklaus earned $14.8 million.
6. American Football
American football is not as popular as the usual football which earns people’s enthusiasm from across the world. In spite of that, it has made its mark among the world’s highest-paying sports and a number of its participants have emerged on Forbes’ lists of Richest Players. Interestingly, American football comprises some of the sports management jobs with the highest wages.
In 1995, Deion Sanders, an NFL hero, rose to the third position on Forbes’ list of Richest Players with the overall income of $22.5 million. Few years before Sanders’ achievement, Joe Montana clinched the seventh position on the same list with the overall income of $9.5 million. With the total income of $42 million in 2004, Peyton Manning (a well-known NFL athlete) emerged in the third spot of Forbes’ list of Richest Players. In the subsequent year , Michael Vick claimed the fourth spot on the specified list with a total income of $37.5 million.
Tennis is a well-known sport with a large number of participants from around the world. WTA tours is a sporting event in Tennis and the substantial wages earned by its participants have made it one of the world’s highest-paying tournaments. Like the athletes of other sports genres, some Tennis stars have appeared on Forbes’ lists of Richest Players. Having earned the total income of $11 million in 1992, Andre Agassi claimed the sixth spot on Forbes’ list of Richest Players. In the subsequent year , another Tennis star –Jim Courier – earned a total income of $12.6 million and clinched the ninth spot on the same list.
Roger Federer, one of the world’s leading Tennis stars, amassed the overall income of $35 million in 2008 and thereupon, he emerged sixth on Forbes’ list of Richest Players. Meanwhile, he reclaimed this feat with the net incomes of $71.5 million and $43 million in 2010 and 2013 respectively.
8. Ice Hockey
Ice Hockey is a sport that requires technicality and quickness of pace and these qualities have earned it the title “the Fastest Game on Earth’’. A pretty number of Ice Hockey stars have appeared on Forbes’ lists of Richest Players and this is one of the reasons to believe that Ice Hockey is one of the world’s highest-paying sports.
In 1994, Wayne Gretzky amassed the total income of $13.5 million and this gave him the fifth spot on Forbes’ list of Richest Players. Meanwhile, he earned the total income of $14.5 million in the subsequent year, claiming the tenth position on the aforementioned Forbes’ list as a result.
Baseball remains significant among the leading sports in the US and Jayson Stark, a sports columnist, gave a remark about the sport imply that it is “a unique paragon of American culture’’. There are over 2 million Baseball athletes in the US and statistics show that MLB receives a massive audience of viewers. In 1993, Cecil Fielder of the United States amassed the overall income of $12.7 million, giving him the eighth spot on Forbes’ list of Richest Players.
Cycling is a popular sport practiced by a large number of people across the world. The invention of cycles gave room for cycling experts to become part of the world’s highest-paid sportspeople. In the late 18th century, it took only one minute for Charles Minthorn Murphy to cover one mile. Owing to the fact that he was the first cyclist to achieve this distinction, he was dubbed “Mile-a-Minute Murphy’’.
In 2010, Lance Armstrong, a renowned cyclist, bagged the overall income of $28 million and this gave him the ninth spot on Forbes’ list of Richest Players. As implied in this list, cycling is the tenth highest-paying sport in the world.
That’s all about Top 10 Richest Sports In The World 2021.