How Cristiano Ronaldo, the world’s highest-paid sports star, makes and spends his millions

Cristiano Ronaldo was already the highest-paid athlete of any sport and now he can add a new title: lifetime Nike athlete.

Earlier this week, Ronaldo signed a new “lifetime” contract with Nike. He is just the third athlete to sign a lifetime deal with Nike, joining LeBron James and Michael Jordan.

Ronaldo also signed a new deal with Real Madrid that will keep the Portuguese national with his club team for at least the next five seasons. That deal, along with some of the biggest endorsement deals in football, give him a ludicrous amount of cash to burn.

Find out how he earns his money and what he spends all that cash on below.

Tony Manfred and Melissa Stranger originally contributed to this story.


Ronaldo earned $88 million in the last 12 months, according to Forbes, making him the highest-paid sports star in the world.

Foto: source AP

Source: Forbes


More than one-third of that ($32 million) was from endorsement deals with companies like Tag Heuer and Nike.

Foto: source Instagram/@cristiano

I'm proud to have my @tagheuer Special edition! #DontCrackUnderPressure

A photo posted by Cristiano Ronaldo (@cristiano) on Mar 19, 2015 at 9:16am PDT


He also has deals with companies like Herbalife, Castrol, Samsung, and KFC.

Foto: source KFC

Source: Live Sports Review


He was raking in over $13 million per year from his Nike deal alone. He has been part of Nike’s team since 2003.

Foto: source Instagram/@cristiano

Ronaldo’s new deal with Nike will reportedly pay him $24 million per year for the rest of his life. At that rate, the deal will reach $1 billion in total value when Ronaldo is 73 years old.

Foto:

SOURCE: Portugal’s Diario de Noticias


Ronaldo also recently signed a new 5-year deal with his La Liga club, Real Madrid. That deal is reportedly worth $460,000 per week or about $24 million per year, and will keep him in Madrid until he is at least 36.

Foto: source Denis Doyle/Getty Images

SOURCE: UK Daily Mail


If he ever leaves Madrid, the team that buys him will have to pay the club $1 BILLION in a buy-out.

Foto: source Denis Doyle/Getty Images

Source: Business Insider


So what does he spend his money on? One of Ronaldo’s biggest hobbies is cars. He drives a $300,000 Lamborghini Aventador, along with his Maserati (pictured).

Foto: source YouTube/Eclipse AudioVisual

Source: Deadspin


He also reportedly owns a Bentley, a Porsche, and a Mercedes, among others.

Foto: source Jasper Juinen/Getty Images

Source: Complex


He’s not always careful with them, though. In 2009 he crashed a $320,000 Ferrari in Manchester, where he used to play.

Foto: source REUTERS/Phil Noble

Source: Daily Mail


He lives in a $7.1 million villa in La Finca — an exclusive community in Madrid built by architect Joaquin Torres.

Foto: source YouTube/Eclipse AudioVisual

Source: ABC, Forbes


It’s really nice.

Foto: source Star News / Youtube

Source: ABC, Forbes


Really, ridiculously nice.

Foto: source Star New / Youtube

Source: ABC, Forbes


Speaking of property, in 2015 he reportedly dropped $18.5 million on an apartment in Manhattan’s Trump Towers.

Foto: source Warburg Realty

Source: Business Insider


He opened a gorgeous, football-themed hotel in his hometown of Madeira, Portugal.

Foto: source Pestana CR7

READ MORE: Cristiano Ronaldo just opened a beautiful, football-themed hotel in his hometown – take a look inside


He’s also been spotted wearing a $160,000 Jacob and Co. watch — a perk of having an endorsement deal with the company.

Foto: source @Cristiano

Source: Daily Mail


Ronaldo even liked a wax statue of himself so much that he reportedly spent $31,000 to have one made that he could keep.

Foto: source Cindy Ord / Getty Images

READ MORE: Cristiano Ronaldo liked his wax statue so much he paid the artist $31,000 to make one the footballer could keep


The original is at Madrid’s Museum of Wax and Ronaldo reportedly provides a hair stylist who shows up once a month to the museum to make sure the hairstyle is current. Presumably he does the same with the statue at his home.

Foto: source Javier Barbancho/Reuters

READ MORE:Cristiano Ronaldo liked his wax statue so much he paid the artist $31,000 to make one the footballer could keep


Ronaldo’s fame and wealth has made his love life a constant source of media scrutiny. He dated Irina Shayk …

Foto: source Carlos Alvarez/Getty Images

Source: ESPN


… a gorgeous Russian swimsuit model and actress.

Foto: source Mireya Acierto/Getty Images

Source: ESPN


But after five years together, the couple split up in January 2015.

Foto: source Jasper Juinen/Getty Images

Source: ESPN


Ronaldo is also a fashion aficionado.

Foto: source Instagram/@cristiano

In fact he’s just as comfortable in expensive suits as he is in a football kit.

Foto: source Getty Images

Ronaldo is also a fan of cryotherapy where the body is subjected to temperatures as low as minus 264 degrees Fahrenheit to help muscles recover and to heighten his alertness.

Foto: source Dan Mullan/Getty Images

READ MORE: We tried cryotherapy – the super-cold treatment the FDA doesn’t recommend


He has modeled for Armani, and has an underwear line coming out with designer Richard Chai.

Foto: source Armani

Source: The Huffington Post


Not all of his endorsements have been cool and sexy. There was this bizarre commercial for an Israeli telecom firm.

Foto:


And he was reportedly paid $22 million to not appear in a film being made by Martin Scorsese.

Foto: source Denis Doyle/Getty Images

READ MORE: Cristiano Ronaldo is reportedly being paid $22 million to not appear in Martin Scorsese’s new movie


But his pretty-boy image hasn’t always been appreciated by opposing fans.

Foto: source REUTERS/Phil Noble

He’s not bothered, telling The Guardian “I think that because I am rich, handsome and a great player people are envious of me. I don’t have any other explanation.”

Foto: source Jasper Juinen/Getty Images

Source: The Guardian


But he’s displayed human moments, like the time he cried after winning the FIFA Ballon d’Or in 2015.

Foto: source REUTERS/Arnd Wiegmann

Source: Business Insider


There’s also his charity work, including a donation of $165,000 to a Portuguese cancer centre and $83,000 to fund a 10-year-old​ fan’s brain surgery.

Foto: source Save The Children

Source: Daily Mail


Keep up the good work, Cristiano.

Foto: source Reuters

Now check out which schools have the most dominant athletics programs.

Foto: source Alonzo Adams/AP

The 30 most dominant college-sports programs

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