POST TIME: 2 April, 2016 00:00 00 AM
Sport Updates

Sport Updates

Jordan, Beckham richest retirees in sports

AFP, NEW YORK: NBA legend Michael Jordan and English football superstar David Beckham are the world's richest retired sports stars, according to a Forbes magazine study.
Jordan, a six-time NBA champion in the 1990s with the Chicago Bulls who now owns the league's Charlotte Hornets, made $110 million (96.5 million euros) last year to top the magazine's list. He retired in 2003.
With his Nike brand still a top money-spinner and endorsement deals, Jordan, 53, is worth $1.1 billion and will make at least $30 million more than any other athlete in the world this year, active or retired, the magazine estimated.
Beckham, leading an investment group in the early stages of launching a Major League Soccer expansion team in Miami, ranked second at $65 million. Major endorsement deals in Britain and China helped boost the 40-year-old's position. Golf legend Arnold Palmer, 86, ranked third at $40 million. His Bay Hill resort hosts a PGA Tour event and his iced tea-lemonade drink is a top-selling US brand.
Topping the women's charts in 14th was China's tennis star Li Na, 34, at $14 million. She retired two years ago but remains an iconic endorsement figure in her homeland. She won the 2011 French Open and 2014 Australian Open titles.