One of the most renowned cricket players in the world is Virat Kohli
One of the most well-known cricket players in the world, Virat Kohli, has made a name for himself with both his brilliant business sense and his exceptional cricket abilities. From a teenage prodigy to a worldwide sports celebrity, Kohli has developed over time and accumulated a sizeable fortune. This article explores several aspects of Kohli’s wealth, including as his investments, business endeavors, sponsorships, and cricket revenues.
Early Life and Cricketing Career
On November 5, 1988, in Delhi, India, Virat Kohli was born. During an ODI against Sri Lanka in August 2008, he made his debut in international cricket. Kohli has now shattered a number of records, such as being the fastest to reach 8,000, 9,000, 10,000, 11,000, and 12,000 runs in one-day internationals. Being a cornerstone of Indian cricket, he is known for his aggressive batting style, consistency, and leadership abilities.
Earnings from Cricket
Endorsements and Brand Ambassadorships
The major source of income for Kohli has been his cricket career. As of 2023, he is still among the highest-paid cricket players in the world. Kohli makes money in cricket in a number of ways, including:
BCCI Contract: Kohli has a contract with the Board of Control for Cricket in India (BCCI) as a core player for the Indian national side. Because he falls into the A+ category, he is guaranteed a yearly retainer amount of INR 7 crore, or around USD 850,000. Apart from the match costs and winnings and performance bonuses, this is all.
Indian Premier League (IPL): Kohli has reaped financial benefits from his affiliation with the Royal Challengers Bangalore (RCB) in the IPL. He has been with RCB from the league’s founding in 2008, and for a number of those years, he was the highest-paid player in the competition. He left the position of captain in 2022, but the RCB is still paying him a significant salary—roughly INR 17 crore (about USD 2.1 million) every season.
Kohli’s brand value is immense, making him a top choice for endorsements. His aggressive yet charming persona, coupled with his mass appeal, has attracted numerous brands across various sectors. Kohli’s endorsement portfolio includes:
- Puma: In 2017, Kohli inked a huge deal with Puma that was reportedly worth INR 100 crore (roughly USD 13 million) for eight years. This partnership was historic in Indian sports endorsements and reflected his stature in international sports.
- MRF: Kohli has a long-standing relationship with MRF tyres. The bat sponsorship deal with MRF is valued at INR 12.5 crore (roughly USD 1.6 million) each year.
- Audi: As an avid car enthusiast, Kohli endorses Audi and owns several high-end models. His endorsement agreement with Audi India has further cemented his opulent and aspirational brand image.
- Wrogn: Kohli co-owns the fashion brand Wrogn, which focuses on youth-centric clothing. His involvement is both financial and promotional, significantly increasing the brand’s market presence.
- One8: With Puma, Kohli founded his athleisure brand One8, which has grown into apparel, footwear, and fragrances. This business has been a major source of income for Kohli. Other Brands: Kohli has endorsed a number of other brands, including Pepsi, Boost, Nestle, Tissot, and Uber. His endorsement fees vary, but it is said that he charges about INR 5 crore (roughly USD 650,000) per day for photoshoots and promotions.
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Business Ventures and Investments
In addition to cricket and endorsements,Virat Kohli has dabbled in a number of businesses, showing his financial intelligent:
- Sports Convo: As an investor, Virat Kohli has invested in the London-based social networking startup Sports Convo, which links sports fans with their favorite athletes.
- Chisel Gym and Fitness: As a fitness icon, Virat Kohli co-owns a chain of gyms under the Chisel brand, which promotes fitness and a healthy lifestyle.
- Stepathlon Kids: Virat Kohli is also connected to Stepathlon Kids, a startup that aims to promote wellness and fitness among children.
- Hotels and Restaurants: Kohli has made investments in the hospitality industry, including restaurants like Nueva in Delhi that serve South American cuisine. These endeavors not only diversify his income but also add to the lifestyle component of his brand.
Real Estate Holdings
Kohli’s large real estate holdings are indicative of his lavish way of living. He owns real estate in some of India’s most sought-after areas:
Mumbai: Bollywood actress Anushka Sharma, Kohli’s wife, and they own an opulent apartment in Worli, Mumbai. The house has breathtaking views of the Arabian Sea and is valued at INR 34 crore, or around USD 4.5 million.
Gurgaon: Kohli is the owner of an opulent home valued at INR 80 crore (about USD 10.5 million) in DLF Phase 1, Gurgaon. The house displays Kohli’s taste for elegance and has all the conveniences of modern life.
Alibaug: Kohli also purchased a farmhouse in Alibaug, a well-liked vacation spot close to Mumbai, for INR 20 crore (about USD 2.6 million).
Net Worth Estimation
Philanthropy
Virat Kohli’s projected net worth as of 2023 is roughly USD 125 million, or INR 1010 crore. This estimate takes into account his income from real estate investments, commercial endeavors, endorsements, and cricket. Below is a summary of his sources of income:
- Earnings in cricket: About USD 3 million per year.
- Endorsements: About $20 million USD a year.
- Business ventures and investments: around USD 10 million in estimated revenue and valuation.
- Real estate: Approximately $20 million in value.
In addition to being a prosperous businessman and player, Kohli is a philanthropist. He established the Virat Kohli Foundation (VKF) to help young athletes and impoverished children. The foundation plans activities and fund-raisers to support a range of causes, such as sports development, healthcare, and education.
Conclusion
Virat Kohli’s rise from a teenage cricket fan to one of the wealthiest sportsmen in the world is a credit to his perseverance, commitment, and tactical thinking. His success both on and off the field is reflected in his net worth. In addition to being a cricket icon, Kohli has also made a name for himself as an astute businessman and humanitarian. His diverse career acts as an example to many, demonstrating that one may reach unmatched success with ability, vision, and dedication.
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