What is the Net Worth of Tennis Star Carlos Alcaraz?

Carlos Alcaraz burst onto the scene and quickly made a name for himself with his thunderous forehand and his always skillful drop shots that are a treat to the eye.

Alcaraz’s net worth is growing at a rapid rate, so his achievements have also had a major impact on his bank account.

The 21-year-old Spanish tennis star is already ranked third in the world and is one of the favorites to win Wimbledon in the 2024 championships, aiming to win the men’s title for the second time in a row.

But first, let’s take a quick look at his finances and find out Alcaraz’s net worth.

Carlos Alcaraz’s Net Worth

Considering his young age, Alcaraz’s net worth is nowhere near that of the greatest tennis players of all time like Novak Djokovic and Roger Federer. But there’s no doubt that he already has a fair bit of money.

You may have seen reports that Carlos Alcaraz’s net worth is $15 million, but this widely reported figure is incorrect. In reality, he has a lot more. His prize money alone is over $30 million, and sponsorship deals and side jobs could make him at least double that.

Overall, Alcaraz’s net worth is estimated to be over $60 million.

Lifetime prize money

Despite still only being 21 years old, Alcaraz’s lifetime prize money alone has already exceeded $31 million.

This is an incredible achievement, but when you consider that he has only played 14 Grand Slam tournaments and won three of them, it’s clear that he is a special player.

After his victory at the Australian Open, only Jannik Sinner could stop him from being selected as the tennis bookmakers’ favorite to win all of the Grand Slams this year.

In addition to this incredible rise, he is already in the top 10 of all time in tennis prize money.

Of course, he still has a long way to go before he can surpass Novak Djokovic, who has earned more than $180 million in prize money.

But it was an unusual start for the Spanish star, who stands to pocket about $3 million if he wins the men’s singles title at Wimbledon in 2023.

Advertisement Deals and Business Ventures

Alcaraz and business go together like spaghetti and meatballs. Tennis stars have been signing contracts since the days when most of us were barely allowed to leave home without our parents.

At age 10, Alcaraz signed a contract with Babolat that will see him work as a tennis racquet specialist until at least 2030. He currently uses a Pure Aero 98. If it ain’t broke, don’t fix it.

In addition to racquet contracts, Alcaraz has landed high-profile endorsement deals and sponsorships with BMW, Rolex, Nike, Calvin Klein, Louis Vuitton, and more. Not bad.

But he’s also the type of player who wants to give something back. In April 2024, Alcaraz announced the creation of a non-profit organization, the Carlos Alcaraz Galfia Foundation.

The El Palmar-based charity aims to help underprivileged children by working with local schools and giving them access to sports facilities.

Relationship with Rafael Nadal

If you thought the Rafael Nadal Tennis Academy was just about the money for the former world number one player, you’d be wrong. Alcaraz is an alumnus himself and is the ultimate example of what can be achieved with world-class coaching at an elite educational institution.

In a poetic twist, Alcaraz graduated from the Rafael Nadal Tennis Academy in Spain and rose to the top of tennis as Rafael Nadal entered the final stages of his career.

Before the torch is fully passed from one generation to the next, fans will be lucky enough to see Alcaraz and Nadal play together in the men’s doubles at the Paris Olympics.

Most Olympic betting sites include them among the gold medal contenders, but it’s hard to tell if it’s because of their impressive form or because bettors like the feel-good factor.

One of the greatest players of all time, the 38-year-old playing alongside the 21-year-old Alcaraz will be something to behold.

Conclusion

Ranking ninth on the world tennis prize rankings at the age of 21 is not only great for Alcaraz’s fortune, but also a sign that he is a special player.

There’s no denying that tennis prize money has increased significantly in recent years, but few players are as skilled as the 1.80m tall Spanish star.