By Weston Blasi
The COVID-19 pandemic did not slow the earnings of the elite sports stars over the past 12 months.
According to an annual list released by Forbes , the top-10 highest paid athletes across all sports grossed $1.05 billion in the past year, a 28% increase from the previous year’s top 10.
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Many of the athletes earned huge portions of their income outside of the salaries from their sport in the forms of investments, endorsements and media production deals. The dollar figures below are a calculations from Forbes.
Here is a list of the 10 highest-paid athletes and how they made their money:
10. Kevin Durant, $75 million
Brooklyn Nets star Kevin Durant has become an active investor in the past few years.
Durant’s investment firm Thirty Five Ventures invested in Coinbase /zigman2/quotes/225893452/composite COIN -2.80% whose April IPO saw his 2017 investment grow 53 times what it was worth then. Durant’s firm also invested in food delivery company Postmates before its sale to Uber /zigman2/quotes/211348248/composite UBER -2.59% in 2020.
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Durant has big earnings from his Nike /zigman2/quotes/203439053/composite NKE -1.04% contract and his over NBA salary — he is the second-highest earning basketball player on this list.
Durant’s earnings from the past year were $31 million on the court, and $44 million off the court.
9. Tom Brady , $76 million
In his first year with the Tampa Bay Buccaneers, quarterback Tom Brady won the Super Bowl. His new contract with the team brought him $45 million in on-field earnings.
The rest of Brady’s earnings came from endorsements deals with companies including Under Armour /zigman2/quotes/204420722/composite UAA -1.47% , Fanatics and eyewear maker Christopher Cloos.
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Brady’s earnings from the past year were $45 million on the field, and $31 million off the field.
8. Lewis Hamilton, $82 million
Formula 1 driver Lewis Hamilton made most of his money on the track in 2020 after winning his sixth championship in the last seven years.
Hamilton, who drives for Daimler-owned /zigman2/quotes/208157843/composite DMLRY +0.33% Mercedes on the F1 circuit, has endorsements deals that include Tommy Hilfiger, Monster Energy and Puma.
Hamilton’s earnings from the past year were $70 million on the track, and $12 million off the track.
7. Roger Federer, $90 million
Tennis star Roger Federer had a rough 2020 from a tennis perspective. Federer had multiple injuries that precluded him from winning any tournaments.
The 20-time Grand Slam winner still had a strong year financially, as his sponsorships with companies including Rolex, Credit Suisse /zigman2/quotes/202835784/composite CS +0.42% and Uniqlo made him $90 million.
Federer’s $90 million in earnings from the past year were exclusively made off the tennis court.
6. Neymar, $95 million
Soccer star Neymar is the third soccer player in the top-10 highest earners of 2020. The Brazilian forward plays for French football club Paris Saint-Germain, a team who paid him $76 million in the last year.