In the world of professional sports, everyone knows that the over-the-top riches belong to the team owners. The fact is, it takes a lot of money to foot the bill. However, that doesn’t mean the athletes themselves are suffering from a financial standpoint — not even close.
According to Forbes, over the last year, the 100 highest-earning athletes pulled in a combined $3.15 billion — that’s billion with a “B.” To determine this, the good folks at Forbes used a fairly detailed methodology; however, the simpler explanation is as follows:
Our earnings figures include salaries, prize money and bonuses paid out between June 1, 2015, and June 1, 2016. Endorsement incomes are an estimate of sponsorships, appearance fees and licensing incomes for the same 12 month period based on conversations with dozens of industry insiders. We do not deduct for taxes or agents’ fees and we don’t include investment income.
It’s not surprising that athletes make a lot of money — this is something we all know. Yet, when it comes to determining which athletes make the most money, that order may throw some for a loop. With that in mind, here’s a look at the ten highest-paid athletes in the world in 2016.