Money Usain Bolt Is Retiring. Here's How He Made Over $100 Million in 10 Years

08:40  12 august  2017
08:40  12 august  2017 Source:   Money

Andre De Grasse’s withdrawal from world championships a big blow for Canadian fans

  Andre De Grasse’s withdrawal from world championships a big blow for Canadian fans LONDON—Andre De Grasse’s coach says the star sprinter’s withdrawal from the world track and field championships isn’t only a personal blow for De Grasse, but for Canadian fans too.The 22-year-old from Markham, Ont., was to race Jamaican star Usain Bolt one last time in the world 100 metres and was a solid shot to capture gold in the 200 metres.Coach Stuart McMillan says when De Grasse sees the sprinters lining up for the final “it’s really going to hit home” that he’s not there.Read more: Andre De Grasse to miss world championships with hamstring injuryUsain Bolt has one word for De Grasse and doubters: unbeatableHow the De Grasse effect has Canadians watching track and field again

Usain Bolt , the greatest sprinter in modern times, is expected to retire . He ' s been earning more than million annually, mostly from endorsements. Prior to the 2016 Olympics, the deal was paying him $ 10 million a year .

Here ' s How He Made Over $ 100 Million in 10 Years . TIME - 11 Aug 2017 Usain Bolt , the greatest sprinter in modern times, said he plans on retiring after running his final races this week at the world championships in London.

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Usain Bolt, the greatest sprinter in modern times, said he plans on retiring after running his final races this week at the world championships in London.

Andre De Grasse lost more than a final showdown with Usain Bolt

  Andre De Grasse lost more than a final showdown with Usain Bolt The hamstring injury that will force Canadian sprint star Andre De Grasse to miss the world track and field championships is devastating on many levels. The news was devastating.When word broke Wednesday that Andre De Grasse would miss the world track and field championships in London due to a hamstring injury, fans around the globe were robbed of one final duel between the Canadian sprint star and Olympic icon Usain Bolt.De Grasse will now have to skip the rest of the track season, including three more Diamond League events.

Usain Bolt makes a lot of money in sponsorships. He earns more than $ 10 million from one deal alone. Here ' s how the world's fastest man spends his millions . Usain Bolt earned .5 million in the year running up to the 2016 Olympics.

Yet, Usain Bolt is still the best. For the last time in his life, Usain Bolt shot down the 100 m lane in the single race at the Athletics World Championships in Today, Usain has numerous sponsors and there have been reports that he makes more than 30 million US Dollars a year , just through endorsements.

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Usain Bolt, track's most beloved star, nears finish line

  Usain Bolt, track's most beloved star, nears finish line As Usain Bolt prepares to run the final race of his unparalleled career, CBC Sports' Scott Russell considers what made the sprinting superstar a living legend unlike any other."I'm from Bolt's hometown, Sherwood Content," she beamed.

Now let’ s see how Usain Bolt spends his millions : Usain Bolt earned .5 million in the year running up to the 2016 Olympics. He plans to retire after the 2017 World Championships in London, leaving him with much more time to spend that hard-earned cash.

According to Forbes, Usain Bolt makes million a year , which is much more than any other track and field athlete Michael Phelps has stated that he is retiring . However, he is not done with his career.

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Last Saturday, in what everyone expects was his final individual race, Bolt had a bad start in the 100m and had to settle for a bronze medal. On Saturday, August 12, Bolt is slated to run in his last race overall, representing Jamaica in the 4x100m relay finals.

Bolt has easily been the most celebrated and highest-earning track star for a decade. So how much has he earned during his career?

The 30-year-old Bolt will pull in $34.2 million this year, according to Forbes, making him the 23rd-highest-paid athlete in the world. His latest ranking puts him ahead of any baseball player, and just behind golfer Jordan Spieth and basketball player Derrick Rose. There is no other track star in the top 100.

Almost all of Bolt’s money comes from endorsements, including deals with Puma, Sprint, and Advil, Forbes says. Only $2.5 million of his earnings in the past 12 months are reportedly from race winnings and appearance fees at track events.

Usain Bolt regrets he won't get showdown with Andre De Grasse

  Usain Bolt regrets he won't get showdown with Andre De Grasse Usain Bolt told CBC Sports that he was looking forward to racing Canada's Andre De Grasse in his swan song at the world track and field championships in London. "I was looking forward to it because it was a showdown," Bolt said after winning his 100 heat in London Stadium. "Injuries are part of the sport, so you just gotta bounce back. He's a young kid. Hopefully he just focuses on getting right and he should be fine."The 30-year-old Bolt and De Grasse have enjoyed a friendly rivalry since De Grasse emerged as one of the top sprinters in the world in 2015, most notably at last year's Rio Olympics.

Cristiano Ronaldo tells Neymar not to make £195 million switch to Paris Saint-Germain and wait for Man Utd if he really wants to quit Barcelona. Usain Bolt may be retiring but he is still training hard to end on a high.

Usain Explains How He Runs the 100 m dash. Usain Bolt clocked 9.79 seconds to win in Oslo on Thursday, June 7 over countryman, Asafa Powell, who was 2nd in 9.85. Bolt erased the old Meeting Record mark of 9.88

The $34.2 million for 2017 tracks slightly higher than 2016, when Forbes pegged Bolt’s earnings at $32.5 million.

According to CNBC, Bolt has been with Puma since 2002, when the sprinter was just 16. Prior to the 2016 Olympics, the deal was paying him $10 million a year. It’s not clear how much the deal is worth now. Before his $10 million contract, Puma was said to be paying him $1.5 million a year, according to the Financial Times.

  Usain Bolt Is Retiring. Here's How He Made Over $100 Million in 10 Years © Ian MacNicol—Getty Images

Bolt took home gold medals in all three Olympics appearances during his career, starting in 2008 in Beijing, in both the 100m and 200m.

After Beijing, Bolt signed deals with Gatorade, Hublot, Virgin, and Visa.

Bolt’s annual earnings have crept up steadily over the years, and increased significantly as he began piling up his collection of eight gold medals. In a 2009 RunBlogRun post, Bolt’s earnings were said to be up to $3 million. His 2012 earnings were estimated at $20 million, and by 2014 he was up to $23 million, according to Forbes, good enough to make him the 63rd and 45th richest athlete in the world in those respective years.

Young sprinters lining up behind Usain Bolt

  Young sprinters lining up behind Usain Bolt The story of sprinting has been the story of Usain Bolt for nearly a decade, but that is about to change. And, one by one, heat by heat, the world’s fastest men stepped out before 60,000 fans here at the track and field world championships looking to announce themselves as the sport’s future.America’s young gun, 21-year-old Christian Coleman, started things off winning the first heat Friday evening. He made 10.01 look easy — very easy, as pulled up over the last 20-metres.Japan’s Abdul Sani Brown, incredibly just 18 years old, won his heat, followed by 24-year-old Jamaican Julian Forte, whose 9.

Usain Bolt is confident he can produce one more magical Midas touch when he seeks to defend his 100 m title at the IAAF.. He has had only three outings, all over 100 m, and only once dipped under the 10 -second barrier, in Monaco last month (9.95sec).

He only plans on running in the 100 m and 4 x 100 m next year . Read More From Heavy. Usain Bolt Makes History With 3rd Straight 100 -Meter Gold Medal. He decides for himself how long he wants to compete.”

Being fairly conservative, we can estimate that over the past decade Bolt has made more than $100 million, and perhaps even over $150 million.

There is unlikely to ever be a track star as rich as Bolt, because athletics earnings generally pay so little even to those at the top of their field. For instance, first place in the biennial World Championships is worth $60,000, and world records carry bonuses of $100,000 in that event, according to Forbes.

Many countries also pay their athletes for competing and winning at the Olympics, and Jamaica is no exception. But the medal payouts are a pittance compared to decent endorsement deals: In 2016, Jamaica paid roughly $10,000 for each gold medal an athlete brought home. So Bolt was rewarded with about $30,000 for his haul of three gold medals that year.

Bolt seems to enjoy his fame and fortune. He reportedly owns a black Nissan GT-R worth $105,000, according to Business Insider, and a large mansion near Jamaica’s capital.

Bolt is also known to love a great party. But not everyone is fond of his lifestyle.

“Between the bikes, loud, horrid music, parties and screams, I honestly wish he would go back to where he came from,” his neighbor-model Jodi Stewart-Henriques wrote on Facebook in 2015. “He’s a horrible neighbor.”

This article was originally published on Money.com

Usain Bolt strikes back at critics by revealing injury details .
Usain Bolt delivered a rebuke to those who questioned whether he really suffered an injury in his farewell race at the World Athletics Championships by revealing details of his hamstring tear on Thursday. The Jamaican, stung by speculation that he had pulled up in the anchor leg of the 4 x 100-metres relay final in London on Saturday because he was too far behind to win the race, said the injury would need three months of rehabilitation.Accompanied by an x-ray of the injury to his left hamstring, the eight-times Olympics gold medallist was also adamant in social media posts that he never cheated his fans.

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