Cristiano Ronaldo's eye-watering endorsements as Man Utd star announces NFT Deal
As his wealthy business empire expands, Cristiano Ronaldo has agreed to introduce a number of NFT collections on the NFT platform of cryptocurrency company Binface.
In a multi-year NFT (non-fungible token) relationship with cryptocurrency business Binface, Cristiano Ronaldo has unveiled his newest sponsorship.
The 37-year-old seasoned forward has a number of endorsement relationships with organizations like Nike, Egyptian Steel, Italia Independent, Armani, LiveScore, Castrol, Herbalife, MEO, Therabody, PokerStars, and Tag Heuer. His eye-watering Manchester United salary, which is thought to be £385,000 per week, is supplemented by these hefty contracts.
Additionally, Ronaldo gives thousands of pounds to charity each year and runs his own business empire, which includes a hotel chain and a hair transplant facility. With a record-breaking 459 million Instagram followers, he is the most marketable football player on the planet.
Ronaldo has decided to use Binface's NFT platform to introduce a number of NFT collections. The first collection, created in partnership with the footballer, will debut later this year and include "iconic designs." Lazio and Porto are partners with Binface as well.
In the digital sphere, NFTs are distinctive assets. They are not actual assets, yet they are bought and sold like pieces of property, much like houses or paintings. Recently, Paul Pogba, Wayne Rooney, John Terry, and Neymar have all advocated for NFTs.
Since the fans are the most important thing to him, Ronaldo said, "I wanted to be a part of the idea of giving unparalleled experiences and access through this platform. "I am confident that the fans will adore the collection as much as I do."
Cristiano Ronaldo receives millions of dollars annually in endorsement deals.
What additional interests does Cristiano Ronaldo have?
Nike is Ronaldo's most valuable business partner. Ronaldo signed a new 10-year contract with the company in 2016, and according to a leaked report released in 2019, he earns an estimated €16.2 million (£14.68 million) annually from the rich contract.
But it's thought that's merely a basic rate. He reportedly received bonuses from Nike that totaled €20.2 million (£18.3 million) in both 2016 and 2017. According to rumors, Ronaldo's Nike contract has a €4 million bonus clause that kicks in when he wins a prestigious award, like the Ballon d'Or.
How much Ronaldo makes from his other endorsement deals was mentioned in a report dated 2019. His partnerships with Armani (£3.8 million), ZTE (£4 million), Herbalife (£1.95 million), KFC (£1.7 million), Clear Shampoo (£1.5 million), PanzeerGlass (£780,000), and American Tourister (£312,000) were among the numbers that were made public. It was estimated that his contract with Castrol was worth more than £14 million.
The captain of Portugal earns a sizable income from his Pestana CR7 hotel brand, which has locations in Funchal, Lisbon, Madrid, and Marrakech. Additionally, he opened CR7 Fitness, a gym with headquarters in Madrid.
Ronaldo was named by Dosomething.org in 2015 as the "most generous sports star in the world" in terms of charitable giving. He has previously represented organizations like UNICEF and has utilized his fame to promote a number of problems, such as child obesity and hunger.How much money does Cristiano Ronaldo make?
Ronaldo earned $115 million (£93.7 million) in 2018, ranking third among all athletes on Forbes' 2022 list. Amazingly, $55 million (£44.8 million) of that total came from non-football activities, underscoring the significance of his several recent business agreements.
According to reports from a year ago, Ronaldo's net worth is estimated to be $500 million (£367 million). Due to his most recent earnings, this has probably increased during the past 12 months. With earnings of $130 million (£106 million) in 2017, Lionel Messi is currently the highest-paid sportsman in the world.
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