Cristiano Ronaldo has officially become the first footballer in history to reach billionaire status, following a staggering new contract extension with Saudi Arabian club Al Nassr.

According to a Bloomberg report, the Portuguese superstar’s net worth has now soared to $1.4 billion (£1.045 billion) — cementing his place among the world’s wealthiest athletes.

Ronaldo, 40, joined Al Nassr in late 2023 after parting ways with Manchester United, initially signing a deal worth £173 million per year. However, he has since agreed to new, more lucrative terms in Saudi Arabia, pushing his total earnings to around £492 million over the next two years.

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The five-time Ballon d’Or winner’s extraordinary wealth stems not only from his on-field contracts but also from his global brand endorsements, business ventures, and a massive social media empire — where he remains the world’s most-followed person with over 600 million Instagram followers.

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Ronaldo’s journey from Sporting Lisbon to Real Madrid, Juventus, and now Al Nassr has been marked by record-breaking performances and commercial dominance. His latest achievement underscores his unmatched longevity and influence in global sports.

With this milestone, Ronaldo joins the exclusive ranks of billion-dollar athletes such as Tiger Woods, Floyd Mayweather, and LeBron James — but becomes the first-ever to do so from football.