Usain St. Leo Bolt is one of the world’s most successful track and field athletes of all time. Born in Jamaica in 1986, he holds the world record for the 100m and 200m sprint events, as well as several 4×100 relay records. He is a nine-time Olympic gold medalist and 11-time World Champion who has achieved immense success both on and off the track. It comes as no surprise then that Usain Bolt net worth is estimated to be around $90 million.
Usain Bolt’s Athletic Accomplishments
Usain Bolt’s impressive athletic career began when he set his first world record at age 15, winning the 2002 World Junior Championships in Kingston with a time of 10.03 seconds in the 100 metres. From there, he continued to dominate the sport, smashing multiple world records and setting numerous personal bests over the years. His international successes include nine Olympic Gold Medals (in the 100m, 200m, and 4×100 relay), eleven World Championship titles, six Commonwealth Games medals, two Pan American Games medals, and an astonishing twenty-three IAAF Golden League trophies. He is also the only sprinter to hold simultaneous world records in all three disciplines.
Bolt’s Major Earnings Sources
Bolt has been immensely successful financially thanks to his achievements on the track. According to Forbes magazine, Bolt earned approximately $30 million from prize money alone between 2008 and 2017. Over this period he earned more than any other athlete in the world, with tennis superstar Roger Federer being second behind him with just under $25 million in winnings. Off the track, Bolt earns significant sums from endorsements, sponsorships, and appearances fees. He endorses brands such as Puma, Gatorade, Hublot watches, Virgin Media, among others. This has helped to boost his income significantly since 2007.
Endorsement Deals & Sponsorship Agreements
Usain Bolt’s endorsement deals have been extremely lucrative throughout his career. Some of these notable agreements include those made with Virgin Media in 2014, Puma since 2003, Hublot since 2013, Nissan Motors since 2010, Gatorade since 2009, and Powerade since 2008. These deals often last anywhere from five to seven years, during which Bolt earns millions of dollars annually in appearance fees and royalties. Additionally, he has also signed various sponsorship deals over the years including partnerships with Digicel, Visa Card, Gillette, and many more. All together these have added up to substantial amounts of cash for Usain Bolt net worth.
Interesting Facts About Usain Bolt’s Income
In 2011 Usain Bolt was declared the highest paid athlete by Sports Illustrated magazine. He reportedly earned an estimated US$20 million that year. In 2012 he topped Forbes’ list of highest earning Olympians with total earnings of US$21.2 million – nearly double what swimmer Michael Phelps took home that same year. In addition to his commercial success, Usain Bolt has also enjoyed a number of state honors over the course of his career including being named Knight Commander of the Order of National Hero of Jamaica by Queen Elizabeth II in 2006 and receiving knighthoods from Norway and Sweden in 2009 and 2010 respectively.
What Is Usain Bolt Doing Now?
After retiring from professional athletics in 2017, Usain Bolt continues to enjoy tremendous wealth and success outside of sports. In 2018 he launched JUICE – an electric scooter sharing platform based out of London – through his company Grand Large Ltd., of which he serves as CEO. Additionally, he remains involved in numerous marketing campaigns for major corporations such as Gatorade, Puma, and Hublot Watches. To top it off, he occasionally makes guest appearances at high-profile sporting events such as Formula One races or Premier League matches where he receives significant appearance fees.
Investments & Philanthropy Work Done By Usain Bolt
Usain Bolt is not only known for his success on the track but also for his commitment to giving back to his community and beyond. The Usain Bolt Foundation focuses on providing educational opportunities to disadvantaged children while supporting the advancement of their physical well-being through youth sports programs. In 2016 Bolt donated US$1.3 million to help build a health center in Westmoreland Parish, Jamaica while previously funding projects such as an HIV/AIDS clinic in Trelawny as well as hospitals in Manchester and St Andrew Parishes.
Where Does Usain Bolt Live?
Usain currently lives in Jamaica but travels frequently due to business commitments and charity work. He owns a few properties around the world including luxury residences in Monaco and Hollywood Hills, California as well as a family estate back home in Jamaica.
Summary Of Usain Bolt’s Current Financial Situation
Overall, Usain Bolt net worth is estimated at around US$90 million thanks largely to his incredibly successful athletic career coupled with shrewd investments and judiciously chosen endorsement deals over the years. Through his company Grand Large Ltd., he runs a variety of businesses ranging from hospitality ventures to property development projects located primarily in his native Jamaica. In addition to this, he continues to earn significant sums from appearances at various global events. Finally, he regularly donates large sums of money to charity causes close to his heart via his foundation – further demonstrating his financial acumen away from the limelight.
Conclusion: How Did Usain Bolt Build His Wealth?
Usain Bolt has built an incredible fortune through his stellar performance on the track alongside smart investments and lucrative endorsement deals over the past fifteen years or so. His financial success combined with charitable donations have helped him achieve iconic status worldwide making him one of the wealthiest athletes alive today. With this combination of extraordinary talent and wise decision making it looks like Usain Bolt’s reign as one of the richest athletes will continue long into the future!