Steve Smith Makes Young Rich List, But Guess How Far Back Our Top Female Athlete Is?
Women's sport is on the rise, but the dollars sure don't show it yet.
The annual AFR Young Rich list is out, and cricketer Steve Smith has made it for the first time. But the real story this year is the hundreds of world class Australian athletes who have missed out. Again.
First the news about Smith, who despite being on the sidelines of international cricket since March due to his ban over the ball tampering scandal, is reportedly worth a very handy $27 million.
The list names the wealthiest self-made Australians under 40 who have not inherited. Smith came in at 95, and while the 29-year-old Sydney batsman's fortune is boosted by his property portfolio, there's no doubt he would have finished higher had the ball tampering scandal not cost him millions in endorsements and playing contracts.
Smith is one of nine Aussie athletes on the list, together representing seven sports. Notice anything missing? Yep, there are no women. Not one.
- Andrew Bogut (basketball) $77 million
- Adam Scott (golf) $88 million
- Harry Kewell (football) $54 million
- Tim Cahill (football) $37 million
- Daniel Ricciardo (Formula 1) $34 million
- Jason Day (golf) $43 million
- Chad Reed (motocross) $36 million
- James Spithill (sailing) $28 million
- Steve Smith (cricket) $27 million
In fact, were the list to extend beyond 100, the first female athlete would likely be a long, long way down.
There is no information on athletes who missed the top 100 cut-off. Ten daily approached the Rich List compilers for further information and comment, and they told us the cut-off is $26 million and that no female Aussie sports stars were close to this wealth benchmark, based on AFR Mag’s assessments.
"A lot of the wealth for the male sports stars comes from external investments and sponsors -- so property and then big deals with big name sponsors. Women are getting sponsors but not to the same degree as the blokes," they told us.
Here's what we do know on the subject of Australian sports's top female earners:
The AFR publishes a different list each year called the Australian Sport Rich List. In the 2017 list, the top-ranked female athlete was rising Queensland tennis star Ash Barty. The 22-year-old came in at number 28.
Key point to note: While the Young Rich List is a measure of a person's overall wealth, the Sport Rich List is about annual earnings. Very important difference, that. It means we're not quite comparing apples with apples.
But we can tell you that in 2017, Ash Barty earned approximately $1.8 million. By way of comparison, Jason Day earned $18.9 million while Australia's own NBA rookie of the year Ben Simmons was next with around $14 million.
So in raw terms, our top female athlete earned about a tenth of the top bloke in 2017.
Again, that's only a one-year sample. Where Barty and other top Australian female athletes -- like six-time surfing world champ Steph Gilmore -- sit on a list of lifetime earnings is unclear.
It would be interesting to know Barty's net worth in relation to the blokes, if you'll excuse the tennis pun. Alas, as mentioned, we have no clear indicator