Rafael Nadal collects stunning cash windfall as his net worth expands
Rafael Nadal may have struck the final ball of his remarkable career, but the money is continuing to roll in for the 22-time Grand Slam champion.
Reports in Spain suggest Nadal’s business accounts have seen a huge leap in revenue over the last year after a private investment firm took a 44.9% stake in Nadal’s Academy in Mallorca.
The deal has boosted the wealth of a player who won almost $135 million in his playing career by a whopping almost €100 million after the sale of the stake in his Academy brought in €94.1million.
“The Nadal academy and sports centres in Cancun, Greece and Kuwait are among a number of companies that come under the Aspemir holding company,” read a Mallorca Daily Bulletin report.
“Nadal’s mother, Ana María Parera, is the sole administrator of Aspemir, which according to accounts for 2023 increased its net worth by 44% from €237million in 2022 to €341.4million in 2023. Aspemir profit for 2023 was €94.1million. In 2021 it was €11.4million.”
The Academy, set up in Mallorca, welcomes some of the best young players in the game to learn the techniques that took Nadal to the top, with this sale to private investment firm GPF highlighting the value of the brand.
Nadal and his family still own a majority stake in the Academy and that could be sold on for a huge profit, yet such a sale seems unlikely given the Spanish player’s devotion to the set-up.
He has invited his great friend and rival Roger Federer to the Academy and has opened up similar tennis facilities in Cancun, Greece and Kuwait.
Nadal, who retired after a final appearance in the Davis Cup last November has spoken about how he hopes to be remembered in tennis and it is clear that his status as a role model remains at the top of his list of priorities.
“A few months ago I had the chance to visit the Italian Dolomites in the company of my friend and rival Roger Federer. There in the mountains, we had a very interesting conversation about a word that I think is very important: legacy,” said Nadal during a speech at his Academy last June.
“Both Roger and I agree on something we believe is of the utmost importance. How would we like to be remembered in a few years? How do we want the future generations to think of us? We are both very sure of our answers.
“It’s great that our achievements, our titles and our records are recognised, but as the years go by it is probable that someone will arrive and do something better.
“What is important, then, is that which will always be remembered. Therefore, both Roger and I agree that we would like to be remembered as good people.
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“We live in a society that highlights the what and the now above all else. But I would like to highlight the importance of the how.
“When you are at university or on a tennis court, say to yourself occasionally, ‘How would I like my classmates to remember me? And my teachers? My friends?’
“I could tell you to try and be influencers in your surroundings, but I prefer the term leaders. The people around you should see you as someone who should be copied because of their values.”
Nadal’s income is continuing to flow in from his deal to be a tennis ambassador for Saudi Arabia, while he also has ongoing commercial deals with long-time partners such as Babolat and Nike.
READ MORE: Rafael Nadal gets brutally honest about toll of Novak Djokovic, Roger Federer rivalries
