Cristiano Ronaldo, Real Madrid striker earned $88 million in the last 12 months, according to Forbes, making him the highest-paid sports star in the world.

About $32 million of the estimated income comes from endorsement deals with companies like Tag Heuer and Nike. From Nike, he earns about $13 million per year. He has been part of Nike’s team since 2003.

He also has deals with companies like Herbalife, Castrol, Samsung, and KFC.

He can now add a new title: lifetime Nike athlete.

He is the third athlete to sign a lifetime deal with Nike, joining LeBron James and Michael Jordan.

Ronaldo’s new deal with Nike will reportedly pay him $24 million per year for the rest of his life. At that rate, the deal will reach $1 billion in total value when Ronaldo is 73 years old.

Ronaldo also last week signed a new deal with Real Madrid that will keep him with his club team for at least the next five seasons.

That deal is reportedly worth $460,000 per week or about $24 million per year, and will keep him in Madrid until he is at least 36.

The Nike and club deals, along with some of the biggest endorsement deals in football, give the Portuguese captain a ludicrous amount of cash to burn.

Just how does he spend the millions rolling in?

One of Ronaldo’s biggest hobbies is cars. He drives a $300,000 Lamborghini Aventador, along with his Maserati. He also owns a Bentley, a Porsche, and a Mercedes, among others.

He lives in a $7.1 million villa in La Finca – an exclusive community in Madrid built by architect Joaquin Torres. In 2015 he reportedly dropped $18.5 million on an apartment in Manhattan’s Trump Towers.

He has opened a gorgeous, football-themed hotel in his hometown of Madeira, Portugal.

Ronaldo so much liked a wax statue of himself that he reportedly spent $31,000 to have one made that he could keep.

The original is at Madrid’s Museum of Wax and Ronaldo reportedly provides a hair stylist who shows up once a month to the museum to make sure the hairstyle is current. Presumably he does the same with the statue at his home.

Ronaldo is also a fashion aficionado. In fact he’s just as comfortable in expensive suits as he is in a football kit.

There’s also his charity work, including a donation of $165,000 to a Portuguese cancer centre and $83,000 to fund a 10-year-old fan’s brain surgery.

•Sourced from Business Insider. Photo shows football superstar Cristiano Ronaldo.

Update news