Roger Federer is the world's highest-paid athlete for the first time ever. Here's how he earned $106 million last year.

Christopher Lee / Getty Images for The Laver Cup

• Roger Federer earned $106.3 million in pretax earnings over the last year, making him the highest-paid athlete in the world, according to Forbes.
• This is the first time Federer has taken the top spot.
• Most of Federer's wealth did not come directly from tennis. The majority of his earnings come from lucrative sponsorship deals with the likes of Rolex, Mercedes, and Uniqlo.
• The tennis star won his first Grand Slam at Wimbledon in 2003 — his first of a record 20 Grand Slam singles titles.
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Roger Federer is not only one of the most talented athletes on the planet, but also the most profitable.

Between winning the Wimbledon men's singles tournament eight times since 2003, as well as 20 total Grand Slam singles titles all over the world, Federer turned his tournament trophies into lucrative sponsorship deals. The 38-year-old earned $106.3 million from professional wins and sponsorship deals between June 2019 and May 2020, making him the highest-paid athlete in the world during that time period, according to Forbes.

That figure is likely to only go up, as the Swiss star signed a $300 million sponsorship deal with Japanese clothing brand Uniqlo in July 2018.

From tailored tennis rackets to Swiss mansions, here's how Federer makes and spends his fortune.

This is an updated version of a post originally written by Edith Hancock published on January 31, 2017.

This is 38-year-old Roger Federer, the highest-paid tennis player in the world.

Boris Streubel / Getty Images for Laureus

Source: Forbes

As of March 16, Federer is ranked fourth in the men's singles tennis ATP world rankings.

AP Photo / Kamran Jebreili

Source: ATP

He hasn't been too interested in his rankings in recent years, though. "For me, the ranking, at 37 years old, is no longer really the priority," Federer said at a media event in 2019.

Getty Images

Read more: Roger Federer is sliding down the world tennis rankings, but there's a very good reason why he won't care

See the rest of the story at Business Insider

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