Tennis news 2021, Ion Tiriac net worth, list of richest athletes, Roger Federer
Forget Roger Federer or Michael Jordan, it’s Ion Tiriac who is the richest sports star of the moment.
The now 82-year-old Romanian tennis legend started his tennis career in singles in the 1960s before turning to the men’s doubles and teaming up with Ilie Nastase.
They won the French Open together in 1970, the culmination of Bulldozer Brașov’s playing days, before his retirement in 1979.
Tiriac walked away with around $ 280,000 in prize money over the course of his career, but it’s what he did out of court that is most astonishing, reports The Sun.
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It is in business that it would generate an estimated wealth of about $ 2.3 billion.
Thanks to smart licenses, the founding of Romania’s first private bank to set up retail, insurance, auto leasing and airline companies, the money started pouring in.
Here’s how Tiriac became one of the richest sportsmen in the world – worth around four times as much as Federer.
Jordan and WWE pioneer Vince McMahon are the only athletes alive who can challenge Tiriac for the title of richest athlete in the world.
The first is heading for a fortune
After hanging up his racquet, Tiriac turned to coaching.
He took his mate Nastase, Manuel Orantes, Adriano Panatta, Guillermo Vilas, Henri Leconte and a young Boris Becker under his wing.
But Tiriac had bigger plans for tennis. With the emergence of anger of new stars, he believed the game would only gain popularity.
So he bought licenses for many professional tournaments and then auctioned them off to municipalities in cities like Stuttgart, Hanover and Madrid.
Later he would develop the Mutua Madrid Open ATP Masters tennis tournament, which he still owns today.
Enjoy the cold war crumble
In 1990, Romania moved away from communism, as the collapse of the Berlin Wall in East Germany began to influence neighboring countries.
Tiriac saw this as the perfect opportunity to invest capital in his native country and founded the Tiriac Bank – the country’s first private bank.
Additional funds have been invested in other businesses including retail, insurance, auto leasing, airlines and more, under the umbrella of Tiriac Holdings Ltd. Company.
By 2005, his fortune was estimated to have swelled to around £ 650million.
Two years later, he was the first Romanian to join the Forbes list of billionaires at 840 place worldwide.
Tiriac’s idea has always been: “It doesn’t matter how much money a businessman has, but the access he has to money”.
Stunning toys you can buy with millions at your disposal
Property is always a source of money for the rich to get richer, and Tiriac has also invested in real estate.
He owns a huge residential complex in Bucharest which includes luxury homes that have been sold to the wealthiest in Romania.
The exquisite Stejarii country club is located inside and is, of course, members-only and has a number of sports facilities.
Tiriac is also a big firecracker. If not driven in an expensive car, he travels by plane and can pilot himself.
But it is his engines that seem to be his pride and joy. Tiriac is an avid car collector and is said to have up to 500 different vehicles which he houses in his own museum.
The Tiriac collection includes historic vehicles manufactured since 1899 as well as modern exotics.
It is the only collection in the world that can claim two Rolls-Royce Phantom IVs, as well as exhibits that have belonged to big names such as Sir Elton John, Sammy Davis Jr and Bernie Ecclestone.
The BMW Museum in Munich even borrowed one of the Rolls-Royces, valued at an estimated £ 1.2million, for its own display.
The Romances of a Young and Rich Playboy
Before succeeding, Tiriac was married to handball player Erika Braedt from 1963 to 1965.
A self-proclaimed playboy, he also has a son, Ion Țiriac Jr, with model Mikette von Issenberg, and two other children, Karim Mihai and Ioana Natalia, with Sophie Ayad, an Egyptian journalist.
He has courted controversy over the years with his love of the hunt, especially the boar, drawing negative press.
But the modest Tiriac is grateful for the life he has given himself.
“With luck, I touched a tennis racket five days before I turned 15.
“This is the moment that changed my life. I started playing tennis, I was a good athlete, but I lacked talent.
“So I worked like a dog, like I have done all my life.”
This article originally appeared on The Sun and has been reprinted with permission