Maria Sharapova is suspended from professional tennis for two years for testing positive for meldonium at the Australian Open in March, according to a decision released by the International Tennis Federation. Although the tennis pro formerly known as Forbes’ highest-paid female athlete plans to appeal the ruling, her earnings are slated to take a hit.
Here’s a look at Maria Sharapova’s net worth, her suspension and its impact on her bank account.
Maria Sharapova Meldonium Controversy
The ITF provisionally suspended Maria Sharapova in March, after she admitted to testing positive for meldonium in January — a drug she claims to have taken for medical reasons since 2006. The tennis star maintains she didn’t realize the World Anti-Doping Agency banned the drug as of Jan. 1.
In her Facebook post, she noted the ITF tribunal unanimously determined she did not use meldonium for performance enhancement or to intentionally violate its drug policy. Despite this, the tennis pro is slated to lose a significant amount of money off missed tournament prizes and endorsement deals.
Cost of Maria Sharapova’s Lost Endorsement Deals
Despite the tennis star’s presumed lack of knowledge surrounding the drug, many of her sponsors opted not to stand by her. Although Forbes reported she earned $20 million off endorsement deals in the last 12 months, the next year looks grim.
After news of Maria Sharapova’s suspension broke, Nike suspended its $100 million, eight-year contract with her, valued at approximately $12.5 million per year. Porsche also postponed its relationship with her, while Swiss watchmaker TAG Heuer dropped plans to renew its deal with her.
It is unclear whether Avon, Evian and Head will stand by Sharapova through her suspension, or follow suit with Nike, Porsche and TAG Heuer. Even if her endorsers stand by her, she might lose out on earnings off contracts that require her to participate in a certain number of matches.
Maria Sharapova to Miss Olympic Games
A tennis pro since 2001, Maria Sharapova’s net worth is sure to take a hit without tournament earnings for the next two years. Further, Sharapova is no longer eligible to compete in this year’s Summer Olympics. Russia was ready to name her to its Olympic team too, but the ITF ruling bans her from participating.
Maria Sharapova Net Worth: $135 Million
Maria Sharapova’s net worth is estimated at $135 million, according to celebrity finance website Celebrity Net Worth. Forbes ranked Sharapova the 88th highest-paid athlete in 2016, earning $21.9 million, including $20 million in endorsements and $1.9 million in winnings. Up until 2016, Forbes named her the world’s highest-paid female athlete for 11 years straight.
In 2015, Maria Sharapova earned an estimated $29.7 million, according to TheRichest, which reports on celebrity earnings. Those estimates include $23 million in endorsements and $6.7 million in winnings. In 2014, she earned $24 million, including $22 million in endorsements and $2.4 million in winnings.
If Maria Sharapova’s suspension stands, she won’t be back on the court until Jan. 25, 2018.