Vinesh Phogat: From Rs 5 Crore to Rs 36.5 Crore – A Journey of Resilience and Financial Triumph
Before the Paris Olympics of 2024, Indian wrestler Vinesh Phogat possessed a net worth of approximately Rs 5 crore. However, recent reports indicate that her current net worth has surged to an impressive Rs 36.5 crore, as reported by Times Now and Asianet News. This remarkable financial ascent is largely attributed to the heightened interest generated by her Olympic journey, which, despite a controversial disqualification in the women’s 50 kg freestyle wrestling final, has significantly enhanced her brand value.
Born on August 25, 1994, in Charkhi Dadri, Haryana, Vinesh Phogat hails from a distinguished wrestling lineage. Her father, Rajpal Phogat, along with her cousins Geeta and Babita Phogat, are notable figures in the sport, gaining wider recognition through the acclaimed film “Dangal.” The unexpected turn of events at the Paris Olympics did not deter the public’s fascination with her story. On the contrary, it propelled her endorsement fees from around ₹25 lakh per deal prior to the Games to an astonishing ₹75 lakh to ₹1 crore post-Olympics.
Vinesh’s financial success is not solely derived from endorsements; she also receives an annual salary of Rs 6 lakhs from the Ministry of Youth Affairs and Sports. Her endorsement contracts, orchestrated through Cornerstone Sports, represent a significant income stream, capitalizing on her athletic accomplishments and marketability.
In terms of lifestyle, Vinesh Phogat exemplifies the success she has achieved. Her vehicle collection includes a Toyota Fortuner valued at Rs 35 lakhs, a Toyota Innova priced at Rs 28 lakhs, and a luxurious Mercedes GLE worth Rs 1.8 crores. This opulent lifestyle reflects her ascent from a celebrated athlete to a prominent personality within India’s sports sector, marking her evolution into an influential figure with a burgeoning financial portfolio.
In conclusion, Vinesh Phogat’s journey illustrates not only her tenacity and dedication to wrestling but also the substantial financial opportunities that can arise from athletic excellence. Her increasing net worth serves as a testament to her resilience and the enduring support of her fans and sponsors, even in the face of adversity.
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