Sprinting is one of the popular sports events. Almost every championship tournament, including The Olympic games, arranges sprinting events. Many people have gained fame and built a strong career through it. Usain Bolt is top of them. He breaks the history of sports entertainment with his sprinting skills. From today’s article, you will learn about Usain Bolt net worth and how he earns it from the tracks of sprint.
Who is Usain Bolt?
Usain Bolt is a Jamaican former sprinter. He is admitted to be the greatest sprinter of all time. He was an eight-time Olympic gold medalist. Usain is the only sprinter who won three consecutive Olympics for 100m and 200m sprints. He also holds world records in 100 meters, 200 meters, and 4 × 100 meters relay.
Short Bio of Usain Bolt
|Usain St. Leo Bolt
|21 August 1986 (age 37)
|Sherwood Content, Jamaica
|6’ 5” (1.95 m)
Usain Bolt Net Worth
Usain Bolt’s net worth in 2023 is estimated to be $90 million. Winning a lot of sports events, including the Olympics, is the main reason behind his massive net worth. His physical strengths and skills drive him to incredible success in professional sprint games. Besides this, Usain’s several career attempts also had a significant effect on his net worth.
Usain was born in a small town in Jamaica, Sherwood Content. His parents ran a small grocery business in their locality. Usain has one brother and one sister. Since he was a child, he has always loved sports. He spent time playing cricket and football with his brother.
Usain attended his primary school at Waldensia Primary School. During this time, he showed his potential in sprinting when he ran in the annual national primary school tournament. He became the fastest runner in the school.
Later, he started his high school at William Knibb Memorial High School. He focused on other sports, especially cricket, during high school. Usain’s cricket coach noticed his speed on the pitch and advised him to try track and field events.
Soon, he developed his interest in track and field events and learned skills from Pablo McNeil and Dwayne Jarrett, former Olympic sprint athletes. In 2001, Usain gained his first medal in high school championships. He won one silver medal in the 200 meters. He completed it in 22.04 seconds. Pablo McNeil, a former successful sprinter, became his primary coach. Usain learned massive skills and knowledge from his coach.
Facts behind Usain Bolt Net Worth
Early Sprinting Career
Usain Bolt made his first appearance in the international competition at CARIFTA Games in 2001. He ranked at position two in 200m and 400m. his first success came when he won four events at the CAC Junior Championships (U17). Usain gained first position for the 200m, 400m, 4×100 m relay, and 4×400 m relay track. In the same year, He again participated in the CARIFTA Games and gained the first position in the 200m, 400m, and 4×400 relay.
Usain also won 200m at the World Junior Championships in 2001. With this success, people recognized him, and his fame started rising. Usain’s early success helped him to build a foundation for his future net worth.
Usain participated in several championship competitions. In 2004, he participated in his first Olympic event. Unfortunately, he didn’t do well in that game and ranked at position 40. His second biggest championship entry was in the 2005 World Championships. He has done a sound performance and finished in 8th position.
Usain’s Olympic success came in the 2008 Olympic Games. He won the 100m and 200m sprint. Also, he made the world record by completing the 100m in 9.69 seconds and 200m in 19.30 seconds.
Later, he broke his own world record at the 2009 World Championships. With those successes, he participated in every Olympic Games and World Championships until 2017. Usain gained 1st position 23 times, 2nd position 5 times, and 3rd for a single time, including Olympics and World Championships. He won 8 events at the Olympic Games and 11 events at the World Championships in his entire career.
Usain got a massive amount of prize money from those championship tournaments. It is estimated that he earned around $20 million – $30 million as prize money. Thus, Usain’s earnings from Sprinting career became the primary source of his net worth.
Sponsorships and Advertising
Usain’s fame rose to the top and got a massive fanbase. For this purpose, many big brands showed interest in promoting their brands through him. He made a lifetime sponsorship deal with Puma for $9 million per year.
In 2012, he made another big sponsorship deal with Virgin Mobile, a telecommunication brand in the U.K. Usain also made advertising deals with Gatorade, Hublot, Visa, Nissan, and Digicel.
He is the highest-paying athlete in the sports industry. American business magazine Forbes put him at number 32 in The World’s Highest-paid Athletes list in 2016. He got a high payment for promoting those brands. In 2016, Usain earned around $33 million from his sponsorship deals. Currently, It is estimated that Usain earns approximately $20 million per year from brand deals. This earning increases his net worth massively.
Usain co-founded the micro-mobility company Bolt Mobility in 2018, released electric scooters, and announced the release of other mobility devices, such as Bolt Nano, an electric nano car, which they released in late 2020. Later, Usain appeared in the company’s commercial and promoted his brand through his social media. He joined a number of conferences and interviews.
He also went to Europe to promote his Nano minicar at the Viva Technology conference in Paris. As Usain has a giant fanbase, he managed to make markable sales of his products.
In November 2019, Usain produced Immortal Riddim, a music album that included eight tracks. After that, he again released a single titled Living the Dream in early January 2021. In this single, he featured with Nugent ‘NJ’ Walker.
- Laureus World Sports Award for Sportsman of the Year
- Milliyet Sports Award for World Athlete of the Year
- Best International Athlete ESPY Award
- BBC Overseas Sports Personality of the Year
- BBC Sports Personality of the Year Lifetime Achievement Award
- Best Track and Field Athlete ESPY Award
Usain Bolt has been in a long-term relationship with Kasi Bennett. They welcomed their first child, Olympia Lightning, On 17 May 2020. Later, Bennett gave birth to their twin boys, Thunder and Saint Leo, in June 2021.
What is Usain Bolt income?
Usain earns around $20 million per year from his sponsors.
What is Usain Bolt’s top speed?
His Top speed is 27.33 miles per hour.
Does Usain Bolt still get paid?
Yes, he still gets paid for his brand deals.
How much did Usain Bolt lose in money?
He lost $12 million because of a fraud scheme.
Usain Bolt net worth is a numeric representation of his skills. He shows speed in his sprinting career as well as in his business career, which led him to a significant financial state.