Serena Williams Is The Highest-Paid Female Athlete In The World

By on June 10, 2016 in ArticlesSports News

Tennis legend Serena Williams has been named the world's highest-paid female athlete, after earning almost $29 million in the past 12 months. According to Time, Williams knocked tennis pro Maria Sharapova out of the top spot, ending Sharapova's 11-year run.

Many believe Williams to be one of the greatest female athletes of all time, according to Time. Williams has had a whirlwind career, earning 36 major titles, including 21 Grand Slam singles titles, and has landed a variety of lucrative sponsorships and endorsements from big names such as Nike, Gatorade/Pepsi, Beats Electronics, Delta Airlines, IBM, and JPMorgan Chase. While she's earned upwards of $78 million from in prize money over the course of her career, she's also garnered about $20 million from endorsement activities. She's also got a variety of other gigs, including her own clothing line and other ventures.

Williams has also been instrumental in bringing about awareness to the issue of equal pay and gender wage discrimination in professional sports.  According to The New York Times, women receive 80 cents for every dollar men earn in the sport of tennis. "We work just as hard as men do," said Williams recently to Glamour. "I've been working, playing tennis, since I was three years old. And to be paid less just because of my sex – it doesn't seem fair."

MELBOURNE, AUSTRALIA - JANUARY 13: Serena Williams of the United States plays a backhand in her first round match against Ashleigh Barty of Australia during day one of the 2014 Australian Open at Melbourne Park on January 13, 2014 in Melbourne, Australia. (Photo by Cameron Spencer/Getty Images)

Photo by Cameron Spencer/Getty Images

Sharapova, on the other hand, dropped to the number two spot after several companies cancelled their sponsorships after she tested positive for banned substances. She recently was suspended from playing professional tennis for two years by the International Tennis Federation as a result of the doping charges. According to the International Business Times, Sharapova came close to losing upwards of $100 million if Nike had decided to end their endorsement deal. However, Nike plans (for now) to continue to support the athlete, despite her recent doping charges and suspension.

Photo by Al Bello/Getty Images

Photo by Al Bello/Getty Images

So is Williams one of the greatest female athletes of all time? "Oh my gosh, I don't know. That's so hard to say," she said recently to Glamour. "I try to be the best that I can be every day. I have bad days. I had a bad day the other day. I hit for only, like, 30 minutes, and I stormed off the court. But that was the best I could do on that day. So am I the greatest? I don't know. I'm the greatest that I can be."

Articles Written by Beth McDonald
Beth is a New England-based business and healthcare freelance writer. Prior to beginning her freelance career in 2015, she spent over six years as a business writer for a corporate valuation firm outside of Boston. Before that, she was editor-in-chief of her university student newspaper. When she's not writing, she's probably reading, hiking with her dog, or cleaning up after her latest DIY disaster. Follow Beth on Twitter.
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