Novak Djokovic net worth, salary, and his sources of wealth in 2020 analysed.
|Net Worth:||$220 Million|
|Career Prize Money:||$143.6 Million|
|Date of Birth:||May 22, 1987|
|Age:||35 years old|
|Source of Wealth:||Professional Tennis Player|
Novak Djokovic is a professional tennis player from Serbia. One of the best in the game, Djokovic who currently reigns at the top of the world ranking (as at May 2020) is regarded as one of the greatest tennis movers on the court. His preference for backhand strokes, agility, precision, and calculated pace, has seen him defeat top opponents.
Djokovic’s antics on the court are one of the best ever seen in tennis. His serve is part of the vast arrays of technical weapons, he possesses in his arsenal of moves. Djokovic’s moves have earned several free points, which has proven invaluable in his triumph. Djokovic has won several Grand Slam, as well as ATP Masters 1000 and 500 events, thanks to his ever-improving moves.
With an emphasis on Novak Djokovic net worth in 2020, we summarise the wealth his tennis career has availed him. Other highlights include his early life, career summary/earnings, endorsements, luxury lifestyle, and lessons from Novak Djokovic’s wealth and rise to fame.
Novak Djokovic was born in Belgrade, Yugoslavia to Srđan Djokovic and Dijana Djokovic. Novak Djokovic grew up in Yugoslavia along with his two brothers during a time where the country was slowly recovering from the wars of the past. As young as age 4, Djokovic had already begun playing tennis. His tennis antics, though needed a lot of improvement, showed that the young boy had a lot of potentials if groomed properly. Djokovic soon met someone who groomed him in the sport.
At a fast-food outlet his parents ran, Young Djokovic met Jelena Genčić, a tennis player from Yugoslavia. When Jelena saw Djokovic play he exclaimed that the young star was the greatest talent he had ever seen since Monica Seles. Jelena Genčić began training Djokovic, grooming him in every aspect of tennis. It soon dawned on Jelena Genčić that for Djokovic to advance in tennis, he needs to go abroad. It was then arranged for him to go to the Pilić tennis academy, run by Croatian tennis player Nikola Pilić. Djokovic was just 12 years old when he moved to Oberschleißheim, Germany, to attend the tennis academy. He trained at the academy for four years.
After competing in several junior tournaments, where he emerged victoriously, 16 years old Djokovic turned Pro in 2003. In 2005, the teenage tennis player made it to his first Grand Slam, the Australian Open. In 2006, he won his first ATP title, the Dutch Open. In 2007, Djokovic won the Key Biscayne, his first Master’s title. He also made it to the top 10 in the World Rankings, that season. In 2008, Djokovic had his breakthrough. He won the Australian Open and finished the year in the no. 3 spot. He earned $5,689,078 in prize money that season. In 2009, Djokovic did not win any Grand Slam, but he made it to 10 finals on the ATP Tour. He finished the year at no. 3 and earned $5,476,472 in prize money.
2010 was another good season for Djokovic. Though the Grand Slam eluded him, he went on to win the Davis Cup and then finished the season as the world no. 3, and earned $4,278,856 in prize money. His 2011 season was spectacular. Djokovic came out in top form, defeating top stars Roger Federer and Rafael Nadal, to win three Grand Slam singles, the Australian Open, the US Open, and the Wimbledon. He earned $12,619,803 and finished the year in the no. 1 spot. 2012 followed with success at the Australian Open. He won 5 more titles and earned $12,803,739 in prize money and still finished as world number 1.
Djokovic won the Australian Open in 2013 and earned $12,447,947 in prize money. In 2014, he didn’t succeed at the Australian Open, but at the Wimbledon. He earned $14,269,463 in prize money. 2015 was another spectacular season for Djokovic, as he won 3 Grand Slam singles and 9 other titles. With exception of the French Open, Nadal won all the Grand Slam singles that season and earned $21,146,145 in prize money, while finishing at the top of the world rankings. All through the years, Djokovic had won a Grand Slam single except the French Open, but in 2016, that changed. He triumphed at the Australian Open and at the French Open and earned $14,138,824 in prize money.
With no Grand Slam win in 2017, Djokovic ranking dropped to no. 12. But he rebounded in 2018 to the no. 1 spot, after he won the Wimbledon and the US Open. He earned $15,967,184 in prize money. In 2019, despite winning the Australian Open and the Wimbledon, Djokovic who earned $13,372,355 in prize money finished in the second spot in the world’s ranking.
Here are some of the interesting Rafael Nadal’s career highlights.
- Tennis Player of the Decade (1): 2010s
- Best Male Tennis Player in Serbia (9): 2006–2018
- Best Male Tennis Player ESPY Award: 2012, 2013, 2015, 2016
- Golden Bagel Award (4): 2011, 2012, 2013, 2015
- US Open Series Champion: 2012
- Award Pride of the Nation by Serbia Tennis Federation
- Davis Cup Commitment Award
Novak Djokovic Net Worth in 2020
In 2020, Novak Djokovic’s net worth is valued at $220 million. Throughout his career which is 3 years shy of two decades, Novak has earned more money in prizes than any tennis player on the planet. His earnings in prize money run to the tunes of millions of dollars. While earnings have had a big impact on his net worth, Djokovic has earned more from endorsements and sponsorship deals over the years. This in fact accounts for a big part of $220 million wealth.
Aside from endorsement and sponsorship deals, the tennis star is a businessman. In 2019, Universal Tennis announced that the star has entered an investment and strategic partnership with the brands. He also has a restaurant franchise which first opened in 2008, named Novak Cafe & Restaurant, which is built on his sporting legacy. Another product associated with Novak and built on his legacy is his nutritional products line, Djokolife.
Novak Djokovic Career Prize Money & Earnings
Since he turned Pro in 2003 to May 2020, Novak has won 79 singles. Grand Slam singles account for 17, while ATP Masters 1000 and 500 accounts for 34 and 14 respectively. Novak Djokovic’s career prize money earnings is a total of $143,631,560, the highest recorded for a tennis player.
Novak Djokovic Endorsements in 2020
Novak Djokovic endorsement portfolio is one of the richest in the tennis world. The star has endorsement deals with Asics, Seiko Watch Corporation, Lacoste, Ultimate Software Group, Peugeot, Head, and NetJets. In 2019, Djokovic earned $30 million from endorsement deals only.
Novak Djokovic Luxury Lifestyle
Novak Djokovic’s huge fortune is evidence of his hard work for several years, thanks to that, he can enjoy a luxurious lifestyle.
Novak Djokovic has a luxury home in Miami’s Eighty-Seven Parks. The house has three bedrooms, three and a half bathrooms, and a panoramic 25-foot wrap-around balcony which gives a stunning overview of the city. He also owns a stunning home in Monte Carlo, which gives a stunning view of the Mediterranean ocean.
Being an ambassador of Peugeot, Novak Djokovic owns a Peugeot 508 and Peugeot RCZ. His car collections also include an Audi and a Mercedes-Benz.
Novak Djokovic owns a private jet, which is sponsored by NetJets.
Lessons from Novak Djokovic’s Wealth & Rise to Fame
Now that you know the interesting story about Novak Djokovic’s rise to fame, his wealth, and how he became successful, here are two incredible lessons we learned from the Serbian professional tennis player.
1. Train with the best
Thanks to the training Djokovic had with Jelena Genčić when he was a toddler, he is equipped with the right skills to produce the victories, he’s accomplished on the court.
2. Learn from defeats
On several occasions, before he won his first Grand Slam singles, Djokovic suffered several defeats. Rather than giving up, the star persevered and improved his game until he achieved his goal.
Novak Djokovic’s net worth is estimated at $220 million as of 2020, which ranks him among the wealthiest tennis players in the world. According to Forbes, his total earnings for the 12-month period ending May 2020 is $44.6 million, which ranks him the 23rd highest-paid athlete in the world. Djokovic’s source of wealth is mainly from his occupation as a professional tennis player.
Aspiring athletes should train with the best and also learn from defeats no matter how painful.
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