Novak Djokovic is an accomplished athlete. His achievements on the tennis court are matched by few players and with each result that has gone his way, the 24-time grand slam champion has added a hefty sum to his bank account and has gradually built up a net worth that has gotten him on the list of the most influential people in the world.
His successes in 2023 have astounded fans with their enormity and his recent success at the Nitto ATP Finals saw him secure an eight year-end as world no.1 while also providing him with tournament-record prize money that has taken his overall earnings on the court to a record high, surpassing other sporting legends in the process.
Djokovic extends financial lead over Woods and Jordan
Tiger Woods and Michael Jordan are legends in the sports of golf and basketball. Their repeat successes at the biggest events in the world have made them household names and even movie stars with a soaring net worth. Such has been their legacy that any personal event in their lives (note: Tiger Woods’ popular personal breakdown) makes headlines in the media.
Novak Djokovic took home £12.7m ($15.9m) in cash prizes this year due to his title wins in three grand slams and three major ATP tournaments. This took his on-court earnings to £143 million ($180 million) overall and saw him out-earn Tiger Woods and Michael Jordan in that aspect.
The 36-year-old missed out on the opportunity to take the maximum cash prize of $4,801,500 at the Nitto ATP Finals after he lost one match to Jannik Sinner in the group stages. He nevertheless earned £3.5m ($4.4m) as the winner.
Tiger Woods has earned £97m ($121m) overall in cash prizes but he isn’t helped by tennis’ reputation as an elite gentleman’s sport, which means his earnings of £48k ($59k) on the PGA Tour in 2023 are 269 times less than Novak’s earnings in the same year.
In tennis, Novak’s 24 grand slam titles and 40 ATP Masters 1000 titles have provided him with a much higher net worth than fellow legends like Roger Federer and Rafael Nadal have earned.
Novak Djokovic net worth in 2023
As of 2023, Novak Djokovic has earned a net worth of more than $240 million. His year-end successes have added to the existing denomination.
As per Forbes, Djokovic earned around $32 million in 2022 through brand deals, sponsorships and other entrepreneurial ventures. The Serb ranks 23rd in the list of the world’s highest-paid athletes.
“Motivation, especially for the biggest tournaments in sport, is still present,” Novak Djokovic said after winning the ATP Finals on Sunday.
“It still inspires me to keep going. In the end of the day, people see you performing in the big tournaments, but they don’t see all the weeks and months of dedicated day-to-day, week-to-week work, trying to build your form so that you can peak where you want to peak,” he added.
In tennis, Novak Djokovic ranks 4th in highest net worth for individuals after Ion Tiriac, Roger Federer and Serena Williams.
Novak Djokovic’s most recent tournament that he participated in was the Davis Cup Finals, where he helped Serbia progress to the semifinals, where they lost to Italy. His achievements in this year alone are stupendous and along with brand endorsements and business ventures, he has amassed a fortune in 2023.
What are your opinions on Novak Djokovic’s immense success as an athlete that has seen him earn a fortune? Let us know in the comments section below.