Maria Sharapova Net Worth 2024, Salary and Earnings: Maria Sharapova is a former World No. 1 tennis player from Russia with a net worth of $180 million in 2024, earned through her 5 Grand Slam titles, $38.7 million in prize money, $285 million in endorsements, and successful business ventures including Sugarpova candy company.
Key Takeaways
- Maria Sharapova accumulated a net worth of $180 million through her tennis career and business ventures.
- She won 5 Grand Slam titles and achieved World No. 1 ranking for 21 weeks.
- Her career earnings include $38.7 million in prize money and over $200 million in endorsements.
- Sharapova launched successful business ventures including Sugarpova candy brand.
- She faced a 15-month suspension in 2016-2017 due to failed drug test.
- The Russian-born player retired in 2020 after a 19-year professional career.
Maria Sharapova Net Worth and Career Overview
Maria Sharapova built a remarkable fortune of $180 million through her successful tennis career and business acumen. The Russian-born tennis star’s wealth stems from multiple revenue streams including tournament winnings, endorsement deals, and entrepreneurial ventures.
Early Life and Background
Born on April 19, 1987, in Nyagan, Russia, Maria Sharapova moved to the United States at age seven to pursue tennis training. Her father, Yuri Sharapov, borrowed money to facilitate their move to Florida, where she trained at the prestigious IMG Academy under Nick Bollettieri.
Professional Tennis Career
Sharapova turned professional in 2001 at age 14. Her breakthrough came in 2004 when she won Wimbledon at age 17, defeating Serena Williams. She went on to capture five Grand Slam titles including the Australian Open (2008), French Open (2012, 2014), Wimbledon (2004), and US Open (2006). She achieved the World No. 1 ranking in 2005 and held it for a total of 21 weeks across five different periods.
Financial Success and Earnings
Her career prize money totaled $38.7 million, ranking fourth all-time in women’s tennis. However, Sharapova’s earnings off the court far exceeded her tournament winnings. She consistently ranked as the highest-paid female athlete for 11 consecutive years, earning over $285 million in endorsements and business ventures.
Major Brand Endorsements
Throughout her career, Sharapova built an impressive portfolio of high-profile brand partnerships. Her most significant deal came in 2010 when Nike signed her to an $70 million eight-year contract. She maintained strong relationships with Head tennis racquets as her equipment sponsor, even during her suspension period. Her luxury brand partnerships included becoming the first female ambassador for Porsche, along with prestigious deals with Tag Heuer, Tiffany & Co., Canon, and Evian. These endorsements collectively contributed to her status as the highest-paid female athlete for over a decade.
Business Ventures
Sharapova’s entrepreneurial spirit led to several successful business ventures, with Sugarpova being her flagship enterprise. Launched in 2012, the premium candy business, which she owns entirely, reached impressive sales of $20 million by 2019. She has diversified her investment portfolio by backing innovative companies in various sectors. Her investments include Supergoop, a successful sunscreen brand, wellness technology company Therabody, and fitness equipment manufacturer Tonal. She has also ventured into financial technology with stakes in Public.com and MoonPay, while maintaining interests in sports through UFC investments.
Controversy and Suspension
In 2016, Sharapova failed a drug test at the Australian Open for meldonium, which had recently been banned. She received a 15-month suspension, returning to competition in April 2017. The suspension impacted some endorsement deals but she maintained support from several sponsors including Head.
Properties and Assets
Sharapova has built an impressive real estate portfolio over the years. Her primary residence remains in Manhattan Beach, California, while she also owns a stunning 5-acre estate in Summerland, California, valued at $8.6 million. In 2024, she expanded her property holdings with the acquisition of a 3.3-acre estate in Montecito, California, for $11 million, demonstrating her continued success in real estate investments.
Personal Life
Sharapova has maintained her Russian citizenship while residing in the United States since 1994. She became engaged to British businessman Alexander Gilkes in December 2020 and welcomed their first child in July 2022.
Career Statistics and Achievements
Sharapova’s professional tennis career showcased remarkable consistency and excellence. She accumulated an impressive 645-171 win-loss record while capturing 36 career titles. Her dominance included 21 weeks as World No. 1 and the rare achievement of winning 5 Grand Slam championships across different surfaces. She claimed the WTA Finals championship once and earned an Olympic silver medal at the 2012 London Games, adding to her legacy as one of tennis’s most accomplished players. Her versatility on different court surfaces and ability to maintain high performance levels throughout her career set her apart from many of her contemporaries.
Charitable Work
Through the Maria Sharapova Foundation, she has made significant contributions to global youth development and education. Her philanthropic work extends to Chernobyl-related projects, demonstrating her commitment to her Russian heritage. As a UN Development Programme Goodwill Ambassador, she has worked to promote sustainable development and equal opportunities worldwide.
Legacy and Impact
Maria Sharapova transformed from a tennis prodigy into a global sports icon and successful businesswoman. Her combination of athletic achievement and entrepreneurial success created a blueprint for athletes building sustainable careers beyond their playing days. Her influence extends beyond tennis, inspiring a new generation of athletes to think strategically about their careers both on and off the court.
Latest News and Updates
In November 2024, Sharapova achieved a significant milestone with her induction into the International Tennis Hall of Fame.
In February 2024, she participated in Pickleball Slam 2, joining forces with John McEnroe to compete against Andre Agassi and Steffi Graf. Her business ventures continue to expand, with a new partnership with luxury Swedish bed manufacturer Hästens as their brand ambassador. She also hosted an exclusive wellness retreat at Amanzoe in February 2024, sharing her expertise in peak performance and wellness management.
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