• FORBES' HIGHEST-PAID ATHLETES 2022: 1) Lionel Messi (football) - $130 million: On-Field: $75m | Off-Field: $55m. Reuters
    FORBES' HIGHEST-PAID ATHLETES 2022: 1) Lionel Messi (football) - $130 million: On-Field: $75m | Off-Field: $55m. Reuters
  • 2) LeBron James (basketball) - $121.2m: On-Field: $41.2m | Off-Field: $80m. AFP
    2) LeBron James (basketball) - $121.2m: On-Field: $41.2m | Off-Field: $80m. AFP
  • 3) Cristiano Ronaldo (football) - $115m: On-Field: $60m | Off-Field: $55m. Getty
    3) Cristiano Ronaldo (football) - $115m: On-Field: $60m | Off-Field: $55m. Getty
  • 4) Neymar (football) - $95m: On-Field: $70m | Off-Field: $25m. AFP
    4) Neymar (football) - $95m: On-Field: $70m | Off-Field: $25m. AFP
  • 5) Stephen Curry (basketball) - $92.8m: On-Field: $45.8m | Off-Field: $47m. Getty
    5) Stephen Curry (basketball) - $92.8m: On-Field: $45.8m | Off-Field: $47m. Getty
  • 6) Kevin Durant (basketball) - $92.1m: On-Field: $42.1m | Off-Field: $50m. Reuters
    6) Kevin Durant (basketball) - $92.1m: On-Field: $42.1m | Off-Field: $50m. Reuters
  • 7) Roger Federer (tennis) - $90.7m: On-Field: $0.7m | Off-Field: $90m. AFP
    7) Roger Federer (tennis) - $90.7m: On-Field: $0.7m | Off-Field: $90m. AFP
  • 8) Saul 'Canelo' Alvarez (boxing) - $90m: On-Field: $85m | Off-Field: $5m. Reuters
    8) Saul 'Canelo' Alvarez (boxing) - $90m: On-Field: $85m | Off-Field: $5m. Reuters
  • 9) Tom Brady (American football) - $83.9m: On-Field: $31.9m | Off-Field: $52m. AP
    9) Tom Brady (American football) - $83.9m: On-Field: $31.9m | Off-Field: $52m. AP
  • 10) Giannis Antetokounmpo (basketball) - $80.9m: On-Field: $39.9m | Off-Field: $41m. AFP
    10) Giannis Antetokounmpo (basketball) - $80.9m: On-Field: $39.9m | Off-Field: $41m. AFP

Lionel Messi, Cristiano Ronaldo and the highest-paid athletes of 2022 - top 10 in pictures


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Lionel Messi has been named the highest-paid athlete for 2022, according to Forbes' annual rich list, with the Paris Saint-Germain star raking in $130 million through a combination of on-field and off-field earnings.

Messi's annual contract with PSG, whom he joined from Barcelona last summer, is reported to be worth around $40m in addition to the $25m the Argentine received as a signing fee. Away from the pitch, the 34-year-old forward signed a $20m-per-year sponsorship with fan engagement platform Socios, adding to an endorsement portfolio which includes Adidas, Pepsi, Hard Rock International, and earlier this week, Saudi Arabia tourism.

Messi is followed on the list by basketball star LeBron James, who made $121.2m. The Los Angeles Lakers star has a large portfolio of sponsorship deals, including Nike, Crypto.com, Beats Electronics, and Pepsi. James also starred in the Space Jam: A New Legacy movie and sold his minority stake in production company SpringHill. While his off-court earnings of $80m are responsible for the majority of his wealth last year, the 37-year-old American also earned $41.2m with his Lakers contract.

Completing the top three is Messi's long-time rival Cristiano Ronaldo at $115m. It may have been a disappointing season for Manchester United but that has not affected Ronaldo's earning potential, with the Portuguese forward pocketing $60m in on-field earnings and $55m in sponsorship and business from endorsements with Nike, Herbalife, Clear shampoo, and his own CR7 clothing brand.

Perhaps the most interesting inclusion on the top 10 list is tennis great Roger Federer, who occupies seventh spot, despite only making $700,000 in prize money due to a long-term injury absence. However, the 40-year-old Swiss made $90m away from the court through Uniqlo, Rolex, Wilson, and Mercedes, while his investment in Swiss shoe brand On paid off big time after the company went public in September and raised more than $600m.

The full top 10 list can be found in the photo gallery above. To move on to the next photo, click on the arrows or if using a mobile device, simply swipe.

Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

Torbal Rayeh Wa Jayeh
Starring: Ali El Ghoureir, Khalil El Roumeithy, Mostafa Abo Seria
Stars: 3

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Rainbow

Kesha

(Kemosabe)

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The specs

Engine: 1.5-litre 4-cyl turbo

Power: 194hp at 5,600rpm

Torque: 275Nm from 2,000-4,000rpm

Transmission: 6-speed auto

Price: from Dh155,000

On sale: now

The essentials

What: Emirates Airline Festival of Literature

When: Friday until March 9

Where: All main sessions are held in the InterContinental Dubai Festival City

Price: Sessions range from free entry to Dh125 tickets, with the exception of special events.

Hot Tip: If waiting for your book to be signed looks like it will be timeconsuming, ask the festival’s bookstore if they have pre-signed copies of the book you’re looking for. They should have a bunch from some of the festival’s biggest guest authors.

Information: www.emirateslitfest.com
 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

Tickets

Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.

RESULT

Los Angeles Galaxy 2 Manchester United 5

Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')

Updated: May 12, 2022, 6:01 AM