Pele Net Worth How Much is Pele Worth?

May 2024 · 15 minute read

Have you ever wondered how much soccer legend Pele was worth? Well, Pele’s net worth at the time of his death was an impressive $100 million. He was not only one of the greatest soccer players of all time but also one of the richest.

Pele earned his fortune through a combination of his successful career and lucrative endorsement deals. His talent on the field made him a highly sought-after player, and he commanded significant salaries throughout his career. In addition to his earnings from playing, Pele also made substantial income from endorsements and sponsorships, which further bolstered his financial status.

Despite coming from humble beginnings and facing financial challenges early in life, Pele was able to amass a considerable wealth. He wisely managed his finances and invested in various assets that contributed to his overall net worth. His impressive bank balance was a testament to his business acumen and careful financial planning.

pele net worth

Key Takeaways

Early Life

Pele, the legendary soccer player, was born on October 23, 1940, in Três Corações, Brazil. His early life was marked by the harsh realities of poverty. Growing up in a poverty-stricken environment, Pele faced numerous challenges, but his indomitable spirit and love for football propelled him forward.

From an early age, Pele showed a natural talent and passion for the game. He spent countless hours honing his skills on the streets and playing for local teams. Despite the lack of financial opportunities, his determination never wavered.

Notably, Pele’s father, who was also a football player, played a pivotal role in his development. He imparted valuable knowledge and guidance to his son, nurturing his skills and molding him into the player he would become.

Despite the poverty that surrounded him, Pele’s talent shone brightly, and his early life experiences laid the foundation for his remarkable journey in the world of soccer.

YearEvent
1940Pele is born in Três Corações, Brazil
1956Joins the youth team of Santos FC
1957Makes debut for the Santos FC senior team at the age of 16
1958Wins first World Cup with the Brazilian national team

Career

Pele’s illustrious soccer career began when he joined Santos FC as a teenager. Known for his exceptional skills and talent, Pele quickly rose to prominence, becoming the top scorer in the league at the tender age of 16. His stellar performances on the field paved the way for him to represent the Brazilian national team in multiple World Cups, where he achieved great success and left an indelible mark on the sport.

Santos FC: Pele’s journey to stardom started with Santos FC, where he dazzled fans and rivals alike with his exceptional abilities. His goal-scoring prowess and unmatched technique propelled Santos FC to numerous victories, solidifying his reputation as one of the most talented players in Brazil.

Brazilian National Team: Pele’s impact on the world stage extended beyond club football. He represented the Brazilian national team in several World Cups, showcasing his immense skill and leading Brazil to multiple victories. Pele played a pivotal role in Brazil’s triumphs in the 1958, 1962, and 1970 World Cups, earning him legendary status and etching his name in football history.

New York Cosmos: In 1975, Pele embarked on a new chapter in his career by joining the New York Cosmos. His arrival in the United States caused a sensation and catapulted soccer into the American sporting landscape. Pele’s exceptional playing style and magnetic personality helped popularize the sport, inspiring a new generation of American soccer players.

Cosmos Contract and Salary

When Pele joined the New York Cosmos in 1975, it marked a significant milestone in his career. The Cosmos signed Pele to a groundbreaking contract worth $4.5 million, securing his position as the highest-paid athlete of that time. With this contract, Pele’s annual salary reached around $1.7 million, which is equivalent to approximately $9 million in today’s value.

Pele’s arrival in the United States had a profound impact on the soccer landscape. It sparked a revolution and attracted other renowned players to join the Cosmos, elevating the sport’s popularity in the country. Pele’s skills, charisma, and global recognition helped establish the Cosmos as a prominent team in the North American Soccer League.

“Playing for the Cosmos and being part of the growth of soccer in the United States was a tremendous honor for me. I am grateful for the opportunity to have contributed to the development of the sport in this great country.”

Pele’s influence on the field and off it cannot be overstated. He not only captured the hearts of soccer fans worldwide but also left an indelible mark on the economic and cultural landscape of the sport in the United States.

Peles’s Earnings Comparison

Let’s compare Pele’s salary with some other notable athletes during that time period:

AthleteAnnual Salary
Pele (New York Cosmos)$1.7 million
Jack Nicklaus (Golfer)$400,000
George Foreman (Boxer)$5 million
Johnny Bench (Baseball player)$550,000

As the table demonstrates, Pele’s salary with the Cosmos far exceeded that of other top athletes in different sports. His earnings were a testament to his global appeal and the impact he had on the soccer industry.

World Cup Career

Pele’s performances in the World Cup tournaments are legendary. He won the tournament three times with the Brazilian national team, in 1958, 1962, and 1970. Pele’s contributions were crucial to Brazil’s success, and he scored numerous goals along the way. He is considered one of the greatest World Cup players of all time.

During the 1958 World Cup, held in Sweden, 17-year-old Pele made his mark on the international stage. He became the youngest player to score in a World Cup final, helping Brazil secure their first title. In the tournament, Pele scored six goals and played a pivotal role in Brazil’s victory.

In 1962, Pele faced injury concerns in Chile but managed to return and score four goals, leading Brazil to a second World Cup title. Despite suffering a leg injury in their second match, Pele returned to action in the semifinals and showcased his resilience and skill.

The 1970 World Cup in Mexico marked Pele’s final appearance on the international stage. Brazil captured their third title, and Pele played a key role in their success. He scored four goals in the tournament and provided assists, demonstrating his exceptional playmaking abilities.

Throughout his World Cup career, Pele scored a total of 12 goals in 14 appearances. His ability to score crucial goals and influence the outcome of matches earned him accolades and established him as a true icon of the sport.

pele World Cup

Puma Contract

Pele’s endorsement deal with Puma was a game-changer for both the legendary soccer player and the sports brand. In the late 1960s, Pele signed a groundbreaking contract with Puma, solidifying their partnership and propelling both parties to new heights of success.

The Puma contract was nothing short of lucrative, as Pele agreed to be the face of the brand and promote their products worldwide. The deal was worth an impressive $120,000 at the time, which, considering inflation, is equivalent to approximately $1 million today. This endorsement deal showcased Puma’s confidence in Pele’s global appeal and his ability to connect with fans on a massive scale.

As part of the Puma contract, Pele was required to wear Puma cleats during a highly anticipated World Cup match. This strategic move generated significant attention and exposure for the brand, while also cementing its position as a force to be reckoned with in the world of sports footwear.

Benefits of Pele’s Puma EndorsementImpact on Puma
Increased brand visibility and recognitionBoosted sales and revenue
Enhanced brand credibility and association with a soccer legendExpanded global market presence
Elevated status within the sports industryEstablished a loyal customer base

With Pele’s endorsement, Puma was able to solidify its position as a credible and influential brand in the world of sports and athletics. The partnership helped propel Puma to the forefront of the sports footwear market, enabling them to compete with other major players in the industry. Pele’s association with Puma continues to be one of the most iconic and influential endorsement deals in sporting history.

Quote:

“Partnering with Puma was a natural fit for me. Their commitment to innovation, quality, and passion for the game resonated with my own values. It was an honor to tie my fame and success to a brand that shares my love for soccer.” – Pele

Ambassadorial Work

After retiring from soccer, Pele became an ambassador for football and a political activist. He used his fame and influence to promote various causes, including improving conditions for the underprivileged in Brazil. Pele took on the role of a Pele ambassador for the sport, working towards its development and expansion globally. As a political activist, he campaigned for social justice, education, and environmental sustainability.

One of Pele’s notable ambassadorial roles was his appointment as a UNESCO Goodwill Ambassador. In this position, he actively supported UNESCO’s initiatives and projects aimed at promoting education, cultural diversity, and peace. Pele also served as a UN ambassador for ecology and the environment. He advocated for sustainable practices and worked towards preserving the natural resources of our planet.

Throughout his life, Pele engaged in numerous philanthropic endeavors. He established charitable foundations and collaborated with organizations dedicated to improving the lives of underprivileged children. His philanthropy efforts focused on providing better healthcare, education, and opportunities for children from disadvantaged backgrounds.

“I feel a responsibility to use my platform and resources to make a positive impact in the world. Being an ambassador allows me to influence change and inspire others to join in creating a better future.”

– Pele

Some of Pele’s notable philanthropic initiatives include:

Pele’s dedication to using his fame and influence for the betterment of society has left a lasting impact. He continues to be an inspiration to athletes, activists, and advocates worldwide.

RoleOrganization
UNESCO Goodwill AmbassadorUnited Nations Educational, Scientific and Cultural Organization
UN Ambassador for Ecology and the EnvironmentUnited Nations

pele activist

Controversy

Pele, despite his remarkable career, was not immune to controversy throughout his life, particularly after retiring from soccer. The legendary athlete found himself entangled in various legal issues and disputes that tarnished his reputation.

One notable controversy arose in 2001 when Pele was accused of theft from UNICEF, a renowned international organization that he had been supporting. The allegations of corruption created a significant uproar within both the soccer community and the public eye, leading to a tarnished image for the iconic player.

“Accusations of theft from UNICEF damaged Pele’s reputation and cast a shadow over his philanthropic endeavors.”

Furthermore, Pele had several feuds with FIFA officials, which resulted in him being banned from attending the FIFA World Cup draw in 1994. These disagreements showcased the strained relationship between the celebrated player and the governing body of soccer.

Additionally, in 2016, Pele filed a lawsuit against Samsung Electronics, a renowned technology company, for false endorsements and the violation of his publicity rights. The legal battle highlighted the challenges faced by public figures in safeguarding their image and protecting their public persona.

Despite these controversies, Pele’s contributions to the world of soccer and his philanthropic endeavors cannot be overlooked. They serve as a reminder that even the most celebrated figures can face legal issues and controversies that may overshadow their accomplishments.

pele controversy

Relationships

Pele’s personal life was filled with love, as he experienced several relationships and marriages throughout his life. He had a total of three marriages and seven children, showcasing the importance of family to him.

“Family is everything in life. They are the ones who support you, love you unconditionally, and make you feel complete.”

Pele’s first marriage was to Rosemeri dos Reis Cholbi. Together, they had three children and built a family based on love and mutual support.

After his first marriage ended, Pele found love again and married Assiria Lemos Seixas. They welcomed two more children into their family, further expanding their love and commitment.

At the age of 73, Pele embarked on another chapter of his love life. He married Marcia Aoki, with whom he had been in a long-term relationship. Their union brought happiness and companionship to both of them.

Pele valued the bonds he shared with his children, cherishing the love and memories they created together. His children were a testament to his legacy, carrying forward his name and values.

The Pele Family:

MarriageSpouseChildren
First MarriageRosemeri dos Reis Cholbi1. Edson Cholbi Nascimento (“Edinho”)
2. Jennifer Nascimento Cholbi
3. Kelly Cristina Nascimento
Second MarriageAssiria Lemos Seixas1. Joshua Nascimento
2. Celeste Nascimento
Third MarriageMarcia AokiNo children

Despite his legendary status and fame, Pele always treasured the love and relationships he shared with his family, finding joy in their presence and support.

pele-relationships

A true legend on and off the field, Pele’s legacy extends far beyond his sporting achievements. As one of the greatest soccer players of all time, he inspired generations with his skill, passion, and sportsmanship. His extraordinary talent and charismatic personality made him a global icon and an inspiration to millions.

Following Pele’s death, his widow, Marcia Aoki, inherited 30% of his assets in accordance with his will. The details of his vast estate, including his properties and other valuable assets, were managed and distributed according to his wishes.

In honor of Pele’s enduring legacy, Kihali Pele Stadium in Rwanda was renamed, paying homage to the soccer legend’s remarkable career and his impact on the sport worldwide.

Real Estate

Pele, the legendary soccer player, owned several properties throughout his life, showcasing his success both on and off the field. Here are some notable properties owned by Pele:

1. New York City Apartment

In 1974, Pele purchased an apartment in the heart of New York City, solidifying his presence in the United States.

2. East Hampton Waterfront Property

In 1979, Pele invested in a stunning waterfront property in East Hampton. The picturesque location offered breathtaking views and tranquility.

3. Oceanfront Compound in Guarujá, Brazil

One of Pele’s most notable properties was his oceanfront compound located in Guarujá, Brazil. This luxurious estate provided a private retreat for the soccer icon.

Pele’s real estate portfolio reflected his taste for prime locations and his ability to invest wisely. His properties were not only symbols of his success but also served as valuable assets in his overall financial portfolio.

PropertyLocationYear PurchasedYear Sold
New York City ApartmentNew York, USA1974N/A
East Hampton Waterfront PropertyEast Hampton, USA19792018
Oceanfront CompoundGuarujá, BrazilN/AN/A

What was Pele’s Net Worth and Salary?

Pele, the legendary soccer player, had a remarkable net worth of $100 million at the time of his passing, making him one of the wealthiest athletes in the world. His vast fortune was the result of his highly successful soccer career, lucrative endorsement deals, and various business ventures.

Throughout his life, Pele earned millions of dollars from his unstoppable talent on the field. However, it was not just his soccer income that contributed to his wealth. Pele’s fame and global recognition enabled him to secure numerous endorsement deals with renowned brands, further bolstering his income and bank balance. Additionally, he also ventured into several successful business endeavors, leveraging his iconic status in the world of sports.

Despite facing financial challenges during his early life and limited financial opportunities as a young player, Pele’s determination and unmatched skills paved the way for his remarkable success. He not only left an indelible mark on the soccer world but also built a legacy intertwined with an impressive fortune. Pele’s net worth truly reflects his immeasurable impact on the sport and his enduring influence beyond the field.

FAQ

What was Pele’s net worth at the time of his death?

Pele had a net worth of $100 million at the time of his death.

How much did Pele earn from his soccer career?

Pele earned millions from his soccer career.

Did Pele have any other sources of income besides his soccer career?

Yes, Pele had endorsement deals and various business ventures that contributed to his income.

Where was Pele born and raised?

Pele was born on October 23, 1940, in Três Corações, Brazil.

Did Pele come from a wealthy background?

No, Pele grew up in a poverty-stricken environment.

How did Pele’s soccer career start?

Pele’s soccer career took off when he joined Santos FC as a teenager.

What teams did Pele play for during his career?

Pele played for Santos FC in Brazil and the New York Cosmos in the United States.

How much was Pele’s contract with the New York Cosmos worth?

Pele’s contract with the New York Cosmos was worth $4.5 million.

How much was Pele’s annual salary with the New York Cosmos?

Pele’s annual salary with the New York Cosmos was around $1.7 million.

How many times did Pele win the World Cup?

Pele won the World Cup three times with the Brazilian national team.

Did Pele have any endorsement deals?

Yes, Pele had a lucrative endorsement deal with Puma.

What causes did Pele support as an ambassador?

Pele supported various causes, including improving conditions for the underprivileged and promoting ecological and environmental concerns.

Did Pele face any controversies in his life?

Yes, Pele faced controversies, including a corruption scandal and legal disputes.

How many marriages and children did Pele have?

Pele was married three times and had a total of seven children.

What was Pele’s cause of death?

Pele passed away after battling colon cancer and contracting COVID-19.

How much was Pele’s net worth at the time of his death?

Pele had a net worth of $100 million at the time of his death.

What properties did Pele own?

Pele owned properties in New York City, East Hampton, and Guarujá, Brazil.

ncG1vNJzZmiykZi3sLTNrKanZpOkunC8xKWcZqaVqXq4u9Gtn2g%3D