As of April 2024, Usain Bolt, the Jamaican sprinter and world record holder, boasts an impressive net worth of $90 million. His wealth primarily stems from lucrative endorsement deals, particularly with the German shoe company Puma, which pays him a whopping $9 million annually to sport their shoes both on and off the track.
His fame and prowess on the track have also allowed him to command appearance fees ranging from $250,000 to $500,000 for competing at various track and field events worldwide. Notably, he released a best-selling autobiography, which came with a multi-million dollar advance from publisher Harper Collins1.
What Is Usain Bolt’s Net Worth and Salary?
Usain Bolt is a Jamaican sprinter who has a net worth of $90 million. At his peak, Usain Bolt was the fastest human on the planet and one of the highest-paid athletes in the world.. Usain earned $20-30 million per year in the years leading up to the Olympics. He is, by far, the highest-paid track and field athlete of all time. His biggest paycheck came from the German shoe company Puma, which paid Usain $9 million a year to wear their shoes at all times, on and off the track.
Usain brought home additional millions from deals with Visa, Nissan, and Gatorade. In 2010, Bolt released a best-selling autobiography that came with a multi-million dollar advance from publisher Harper Collins. Usain also commands appearance fees ranging from $250,000 to as much as $500,000 to compete at track and field events throughout the world. During his Olympic career, Usain won eight gold medals. He holds a number of world records, including the 100 meter (9.58 seconds) and 200 meter (19.19).
Early Life
Bolt was born in Sherwood Content, a small town in Trelawny, Jamaica, on August 1986.
He has two siblings, his brother Sadiki and his sister Sherine.
Bolt’s parents, Wellesley and Jennifer, ran the local grocery store in the rural area.
As a child, Bolt attended Waldensia Primary, where he first began to show his sprinting potential. Running in the annual national primary schools meeting for his parish.
By age twelve , Usain Bolt had become the school’s fastest runner over the 100-meter distance.
Olympics
With the help of his new coach, Fitz Coleman, Bolt became a professional runner in 2004 . He began his new career at the CARIFTA Games in Bermuda, where he continued to smash records and was awarded the Austin Sealy Trophy for most outstanding athlete at the Games. Despite a hamstring injury, Bolt was chosen in May 2004 for the Jamaican Olympic Squad.
Bolt headed to his first-ever Olympics in Athens but the hamstring injury came back to haunt him, and he was eliminated in the first round of the 200 meters. American colleges began to offer Usain scholarships to train in the U.S. while continuing to represent his home country, but he refused them out of loyalty to Jamaica. He went on to study, train, and compete at the University of Technology of Jamaica. Bolt continued to race, medal, and set records until his next Olympics.
Usain won three gold medals at the 2008 Beijing Olympics. He won five gold medals and two silver medals at World Championship competitions after the Beijing Olympics. Amazingly, Bolt’s net worth continued to explode even more thanks to his performance at the 2012 London Olympics. He defended his Beijing title and won the 100-meter gold medal with an astonishing time of 9.63 seconds.
By that time, Bolt was already considered by many around the world to be the greatest sprinter of all time.
His gold medal victory in London came hours before Jamaica celebrated the 50th anniversary of its independence from the United Kingdom. Bolt became popular during the London Olympics for his dramatic and often humorous mannerisms at the finish line. He coined the “lightning bolt” pose, consisting of extending a raised left arm to the side with the right arm folded across the chest.
Personal Life
The eight-time gold medalist announced in January 2020 that he was expecting his first child, a daughter, with girlfriend Kasi Bennett. In June 2021, the couple welcomed twin boys.
Bolt is a fan of reggae music and the video games “Call of Duty,” “Mario Kart,” and “Mortal Kombat.” He started working as a dancehall music producer in July 2019. He has revealed that he scoliosis as a child.
Endorsements and Other Income
At his peak, Usain Bolt was one of the highest-paid athletes in the world. He typically earned around $20 million per year, most of which came from endorsements. Usain has had endorsement deals with brands like Gatorade, Nissan, Visa, Hublot, Virgin Media and Puma.
Out of $20 million in earnings, $9 million comes from Puma alone for him to wear their brand of shoes. He charges $250-300,000 for a track meet appearance. Between June 2017 and June 2018, Bolt earned $31 million. Only $1 million of his income was from on-track earnings. The rest came from endorsements that have contributed to his huge net worth.
Usain Bolt Mobility Firm.
Usain is a co-founder of a Miami-based electric vehicle company called Bolt Mobility. The company operates 5,000 scooters in several US cities and Paris.In May 2019, Bolt launched a two-seater electric car called the B-Nano that will eventually have a starting price of just $999. In March 2020, the company raised $30 million in venture capital funding. In July 2022, Bolt Mobility ceased operations
Usain Bolt Car Collection
Usain Bolt owns a very impressive car collection. He owns a number of Ferraris, including an F430, 458, and a California.
A BMW M3 and previously totaled a BMW back in 2009. He owns a highly customized Jeep Wrangler, an Audi SUV, several Nissan GT-Rs, and a Chevy Camaro.