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.
Company%20Profile
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UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
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UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP
Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan
Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Killing of Qassem Suleimani