Tiger Woods, one of the most successful golfers ever, has become a billionaire, according to Forbes. As a result, he joins an elite list of billionaire athletes, including LeBron James and Michael Jordan. But how does Lewis Hamilton fare compared to these sporting legends?

Hamilton is one of the most successful Formula 1 drivers, and his achievements speak for themselves. According to Forbes, he is also the most marketable athlete in the world. However, he is currently not in the billionaire club. But how far off is the Briton from joining this elite list?

Is Lewis Hamilton nearing the billionaire club?

Lewis Hamilton is Formula 1’s highest-paid athlete. The Seven-time world champion is contracted to Mercedes until the end of the 2023 season. And as per Talk sport, his salary is estimated at $48.7 million, which ties him with Red Bull’s Max Verstappen after the Dutchman signed a new contract with the Milton-Keynes outfit.

As one of the most successful racing drivers in history, Hamilton’s net worth is around $285 million and his annual earning is $65 million according to Forbes. So, he is not a billionaire yet, but his net worth could grow quickly with ever-rising sponsorships.

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Coming to the NBA legend, Michael Jordan, his net worth currently stands at $1.7 billion as per Forbes. LeBron James and Tiger Woods followed Jordan and their net worth now stand at $1 billion.

During his career, Jordan made $90 million from playing alone. But on top of that, he has earned $1.8 billion (pre-tax) from his sponsorships, including Nike, Gatorade, and Hanes. He also became a co-owner to a NASCAR team in 2020. Meanwhile, LeBron James’ endorsements include Nike, Coca Cola and he also invested in Blaze Pizza.

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As per Forbes, Tiger Woods’ net worth adds up to less than 10% of his earnings in golf. But his earning power skyrocketed with endorsements deals with Gatorade, Monster Energy, Nike, and many more. Being the poster boy of F1, Lewis Hamilton also earns his fortune through endorsements and sponsorships.

Lewis Hamilton’s sponsorships and endorsements

The seven-time world champion has established himself as one of the sport’s most marketable drivers and is making lucrative endorsements from various brands. Furthermore, his interests in music and fashion mean that he has invested in those fields as well.

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Hamilton has major deals with brands, including Monster energy drinks, Sony, Bose, Puma, and many more. He also has his own clothing collection with Tommy Hilfiger, proving that he’s more than just an athlete. The Brit also owns a racing team X44 in the Extreme-E series.

The most recognizable and marketable F1 driver of his generation, Lewis Hamilton, has enjoyed a career to date that most would dream of. With his achievements on the track and ever-growing popularity with fans and brands alike, he could well join the billionaire club sooner than later.