Winning a medal at the 2020 Tokyo Olympics won’t necessarily make Team USA athletes wildly rich. However, what those medals could help them do is acquire many other financial opportunities in their lives.
In fact, the athletes at the 2020 Tokyo Olympics who are wanting to strike it rich might want to take some lessons from these former Olympians we are about to discuss. We are going to talk about them because, according to Yahoo! Finance, they are the richest Olympians in history.
A few of the names on the list probably won’t come as surprise to many people. Of course, American swimmer Michael Phelps and Jamaican sprinter Usain Bolt are on the list. However, the richest Olympian of all time just might surprise you.
The Richest Olympian is Worth $1 Billion, But is Not Competing in 2020 Tokyo Olympics
Kasprzak competed for Denmark in the 2012 London Olympics and in the 2016 Rio Olympics in dressage. However, it was not her abilities on horseback that earned her a fortune. What made her so wealthy is that she is a partial owner of ECCO. This shoe company was established in Denmark in 1962 by her grandfather, Karl Toosbuy. The company is has a value of $1.46 billion.
The second richest Olympian on this Caitlyn Jenner. She has an estimated net worth of $100 million. Her athletic career hit its peak in the 1970s. Jenner competed in the 1972 Munich Olympics, then won gold in the 1976 Montreal Olympics in the decathlon. She also broke the world record for that event.
Jenner used her fame as an athlete to get endorsement deals with Coca-Cola and Wheaties. Then, during the 1990s she and Kris Jenner promoted fitness gear. She became even more famous alongside the Kardashian family.
The third wealthiest Olympian in history is Usain Bolt. He is worth $90 million. His sprinting career is one for the ages. In the three previous Olympics prior to the 2020 Tokyo Olympics, Bolt won the 100-meter and 200-meter events. He did not compete in Tokyo. Like other athletes, he used his success on the track to land sponsorship deals with major brands. For example, Puma paid her $10 million per year.
Even though he is not competing, the fourth richest Olympian has been seen around the pool at the 2020 Tokyo Olympics. That man, is Michael Phelps, who He 28 total medals – 23 were gold. This made him the most decorated Olympian ever. So, it’s not surprising that numerous deals came his way. This has led to a net worth of $80 million.
Rounding out the top five on Yahoo! Finance’s list is American skateboarder and snowboarder Shaun White at $60 million.
Here are a few other rich Olympians: Lance Armstrong, $50 million; Greg LeMond, $40 million; Alan Pascoe, $30 million; Peter Sagan, $30 million; Scott Hamilton, $30 million; Tara Lipinski, $25 million; Ray Borque, $20 million; Eddy Merckx, $20 million; Jan Ullrich, $20 million; Mark Spitz, $20 million; Oksana Baiul, $20 million; Brian Boitano, $18 million; and Carl Lewis, $16 million.