Take a look at this listing of the “20 wealthiest U.S. Olympic athletes in Rio.”
You’ll see gymnasts and fan favorites Aly Raisman and Gabby Douglas on the list along with soccer goalie Hope Solo, plus a handful of pro basketball players (Carmelo Anthony and Kevin Durant) and pro golfers.
No surprise there. “Ever since the Olympics allowed professional athletes to compete, many of its competitors are high-profile and high-net-worth athletes,” says journalist Kristen Beckman, writing for Retirement Advisor.
But there are a few unexpected results.
Track and field stars Allyson Felix logged in with a net worth of $8.5 million and Tyson Gay scored with $12 million, a significant accomplishment in a sport that doesn’t lend itself as easily to big-ticket earnings.
Swimmer Michael Phelps, the most “decorated Olympian of all times,” has managed to amass over $50 million. Who knew swimming could ever be so lucrative?
And earning her place at the top of the pyramid? It’s the phenomenal Serena Williams with a net worth of $145 million. She didn’t perform well in Rio, but has blazed an amazing trail for other women athletes since she first started competition. Go girl!
Top athletes, like others who experience sudden wealth, can have a tough time hanging on to what they’ve earned. See what you can learn from their struggles with money.