How rich is Daniil Medvedev, Russia’s new world number one tennis star?

HONG KONG — Daniil Medvedev may have lost to Rafael Nadal in the Mexican Open semi-final — a repeat of the Australian Open final — but that didn’t stop the Russian from becoming the n #1 worldwide for the first time.

The 2021 US Open champion overtook Novak Djokovic at the top of the ATP men’s singles rankings after the Serbian superstar counted the cost of defeat at the Dubai Tennis Championships and dismissal from the Dubai Open Australia.

Medvedev, 26, is one of the most marketable men in tennis and has a bright future ahead of him, but how much has the new Moscow-born world No. 1 earned so far?

HE HAS BEEN A STABLE WINNER SINCE TURNING PRO IN 2014

Despite losing to Nadal in Mexico, Medvedev still collected around US$90,000 (S$122,000) for reaching the semi-final.

The new world number 1 is one of the highest paid tennis players, on and off the court. Since turning professional in 2014, the 26-year-old has had a remarkable career. He has reached the Australian Open final twice and won the US Open and ATP Tour finals, winning numerous awards along the way.

A quick look at his gains on the pitch speaks to his success. According to Sports Manor, in 2018 he earned US$128,940 at the US Open, US$156,000 for reaching the third round at Wimbledon and US$45,195 for reaching the first round at Roland Garros. In 2019, he won US$260,000 at the Australian Open.

HE WAS JUST 7 ON THE FORBES LIST OF TENNIS WINNERS IN 2021

Last August, the Russian ranked seventh among tennis players in Forbes’ annual list of highest-paid athletes. The publication estimated that he earned up to US$5.9 million in on-court earnings and some US$8 million off the court, totaling nearly US$14 million in career earnings.

His performance on the court cemented his status as one of tennis’ top stars, especially after winning the US Open last year – where he won a colossal sum of US$2.5 million with the trophy.

HE TOUCHED TO INVEST HIS WINNINGS… ALTHOUGH HE LOVED CARS

In a 2019 interview with the Tennis World USA website, Medvedev hinted that he was not going to spend his winnings. “In life, I don’t care about too many things,” he said. “To be honest, I love cars. I will probably try new models of the same brand. But in general, my wife and I will think about how to invest [this] money.”

Last year, automotive and tech website Plugavel reported that Medvedev had picked up a BMW X6 M. The model would cost around US$110,000, according to US News.

For his birthday last month, Medvedev received another BMW, which he posted on his Instagram Stories.

HE HAD TO PAY SEVERAL FINES FOR HIS BEHAVIOR

Earlier this year at the Australian Open, Medvedev had to pay a total fine of $12,000 (a small amount, considering his earnings) for his unsportsmanlike behavior during a match with world number 3 Stefanos. Tsitsipas.

Although the Russian won the match, he lashed out at the chair umpire, complaining about his Greek opponent’s father who he claimed continued to illegally coach Tsitsipas during the game. Medvedev also called the referee a “little cat”.

Medvedev’s behavior cost him $8,000 for “visible obscenity” and $4,000 for “unsportsmanlike conduct.”

He later expressed his regret for his outburst in a post-game interview. At the 2017 Wimbledon tournament, Medvedev was fined US$26,000 for insulting and throwing coins at the referee.

IT IS BANKABLE WITH MAJOR BRANDS

Either way, Medvedev retains his status as a bankable tennis champion and holds notable partnerships with global brands. These include Lacoste for its playwear and Tecnifibre for its tennis racquets. He is also the ambassador for luxury car brand BMW in Russia, watch brand Bovet, Tinkoff Bank and HyperX, a gaming equipment company. SOUTH CHINA MORNING POST


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