What makes sports one of the most popular forms of entertainment? Above all, it’s the fact that it is truly unpredictable. Fortunes flip 180 degrees in a matter of days; you can be at the top of the world one moment and hit rock bottom the very next. Fortunately for Coco Gauff, the story went from bad to good and not the other way around.
On Thursday, 6 June, Gauff lashed out at the match officials for a controversial decision after her loss to Iga Świątek in the semi-final of the French Open 2024. The American youngster was distraught by the line judge’s call which sparked a debate regarding the urgent need for a Video Review (VR) system in tennis.
Three days later, her anguish turned into exaltation as she clinched the women’s doubles title. Partnering alongside Kateřina Siniaková from the Czech Republic, Gauff defeated the Italian pair of Jasmine Paolini and Sara Errani in the summit clash.
The win at Roland Garros was Gauff’s first in the doubles category. She previously reached the finals of the 2021 US Open and the 2022 French Open with compatriot Jessica Pegula. In the singles division, Gauff won her maiden Grand Slam at the 2023 US Open.
One of the most promising talents of the sport, Gauff is looked at by many as the next Serena Williams. While this is an unfair comparison, there isn’t a speck of doubt that the young tennis player has achieved widespread success at a very tender age. The former world number one (in doubles) will be looking at this win as a stepping stone towards reclaiming her throne.
Such success is often accompanied by great fortune, which is why it shouldn’t surprise anyone that the youngster has already amassed considerable wealth. So, on that note, we peek into the net worth of Coco Gauff in 2024, her salary, earnings from her professional career, house, cars, endorsements and more.
Becoming a millionaire in her early 20s speaks volumes about the kind of talent Gauff is. But exactly how much is her net worth?
According to a host of reports, Coco Gauff, as of June 2024, commands a healthy net worth of USD 12 million (a little over INR 100 crores).
Yes, she is not in the same league as the Williams sisters (Serena and Venus) in being among the richest tennis players in the world. But Gauff is very young and in the formative years of her professional career. If she can maintain her focus and keep her performance graph on an upward trajectory, the American will soon rank in the pantheon of all-time greats.
There is a simple way to answer this question. Tennis players don’t represent any team or country in the Grand Slams and other ATP or WTA tournaments. As a result, there is no way for them to receive a salary from any federation.
That said, players are handsomely rewarded for their performances in these competitions. Coco Gauff, to date, has earned nearly USD 13.9 million in prize money from the WTA Tour, according to an official report by the Women’s Tennis Association (WTA).
Moreover, Gauff received USD 631,067 for winning the women’s doubles edition of the French Open 2024. That amount, if considered, will take her total earnings on the WTA Tour to around USD 14.5 million.
Forbes reported that Coco Gauff annually earns about USD 6.7 million from her time on the tennis court. Not too bad for someone who just stepped out of her teenage years, eh?
Born in Atlanta, Georgia, Coco Gauff, at the age of seven, moved to Delray Beach, Florida (where her parents hail from.) The shift was to facilitate her training at the New Generation Tennis Academy under Gerard Loglo.
Since then, Gauff has lived in Delray Beach with her family. However, she likes to maintain privacy regarding her humble abode. As a result, there is no information available about her house.
In 2023, it was reported by a few sources that the American tennis star had gifted a lavish mansion to her parents. The property comes with luxurious amenities, including a tennis court. While the exact value of the house remains undisclosed, it is expected to be worth millions of US dollars.
Unlike her peers and other famous sports personalities, Coco Gauff does not have any notable affinity towards luxury cars. However, that has not stopped the tennis prodigy from owning a few stunning beasts in her garage. These include:
A powerful SUV, the Mercedes-Benz GLC comes with a 1993 cc engine that can produce up to 255 horsepower. It can go from 0 to 100 kilometres per hour in just eight seconds and offers a top speed of 240 kilometres per hour. The car comes with a price tag of USD 43,990 (approximately).
Powered by a 5,000-cc V8 turbocharged engine, the Jaguar F-Pace SVR can produce up to 583 horsepower. It can accelerate from 0 to 100 kilometres in a mere four seconds and has a maximum speed of 286 kilometres per hour. The SUV is valued at around USD 90,000.
Being one of tennis’ biggest rising stars, it comes as little surprise that Coco Gauff enjoys the privilege of having several multinational brands in her endorsement portfolio.
In 2018, the American tennis star inked a multi-year deal with American footwear and sports apparel manufacturer New Balance. Since then, she has worn the brand’s shoes in her matches. The company also introduced a new line of shoes in collaboration with Gauff. Named ‘Coco CG1’, it is one of the most popular shoe lines endorsed by a female athlete.
In addition to New Balance, Gauff has a sponsorship deal in place with the American-Austrian tennis equipment manufacturing company Head. The brand provides her with tennis racquets as a part of the deal.
Some of the other companies that Gauff endorse include:
According to Forbes, Gauff’s earnings from endorsements stand at USD 15 million per annum.
If we include her off-field earnings, her income every year amounts to a massive USD 21.7 million. It is, therefore, not surprising that she ranks among the highest-paid female athletes in the world.
From her talents as a brilliant sportsperson to being a benevolent soul with a strong voice, Coco Gauff ticks all the boxes of being a role model for many people around the world.
The American tennis player has also participated in several charitable events from time to time. For instance, she was a part of the Australian Open’s ‘Tennis Plays for Peace’ initiative at the start of 2023, the proceeds of which were used as aid for the people of Ukraine. She also took part in a similar event at the 2022 US Open alongside Maria Sakkari. Together, the duo raised around USD 1.2 million in support of the Ukraine Crisis Relief Fund by Global Giving.
Moreover, Gauff has used her fame to support the needful sections of society in Florida, her home state. She has also raised her voice in multiple Black Lives Matter events. In 2019, Gauff, along with a few other tennis players, also raised funds for the Bryan Brothers Foundation. The foundation aims to support the dreams of children on the Eastern Shore of the USA and help them attain their goals.
(Main and Featured Images Credits: Coco Gauff/Instagram)
– What is the net worth of Coco Gauff in 2024?
Coco Gauff, in 2024, enjoys a net worth of USD 12 million (INR 100 crores).
– How much does Coco Gauff earn annually?
Coco Gauff has an annual income of USD 21.7 million.
– How many cars does Coco Gauff own?
Coco Gauff owns a few cars in her collection, including a Mercedes-Benz GLC and a Jaguar F-Pace SVR.
