Pusarla Venkata Sindhu is a star badminton player of India. In 2016, she became the first Indian woman to win an Olympic silver medal, and the only second Indian badminton player to ever win an Olympic medal. Sindhu has also bagged silver medals in the Commonwealth Games 2018 and the BWF World Championships 2017 as well as 2018. The 24-year old is already a global star and among India’s favourites for another Olympic medal in 2020 Tokyo Olympics. Her on-court brilliance is duly rewarded with financial success as well as glamour that comes with it. She has been able to capitalise on her increasing brand value and make a fortune out of the same. She is the only Indian woman to feature in the Forbes list of highest-paid female athletes. Here is a detailed look at PV Sindhu Net Worth, endorsement, career winnings, etc.
PV Sindhu Net Worth
Born to two national volleyball players, Sindhu had the sports gene in her from the beginning. As a kid, she used to travel more than 55kms daily to train at the Pullela Gopichand Academy in Hyderabad. She began her rise to dominance from Servo All India ranking championship and never looked back ever since.
The 17-year old Sindhu made bold statements breaking into the top 20 of BWF international rankings. Soon, she bagged a couple of bronze in the Commonwealth 2014 and BWF World Championship 2014. But the best was yet to come, as she embarked on the global stage, claiming the silver medal owing to a hard-fought defeat in the Finals against world no. 1 Carolina Marin. Sindhu’s popularity and brand value skyrocketed after this feat. According to Forbes PV Sindhu earned a massive amount of Rs. 57.25 crores in 2017, majorly through brand endorsement deals, marking a gain of 17 times to the previous year.
Sindhu continued to play big numbers off-court as she became the first Indian Women to feature in the top 10 Forbes list of highest-paid female athletes. She claimed the 7th spot with an earning of more than Rs. 62 crores in the time spanning from June 2017 to June 2018. The 23-year old also featured the list of Tycoons of Tomorrow for the year.
PV Sindhu Endorsements
In spite of being a young athlete in her early 20s, Sindhu has been able to keep her focus on her game while still raising her stature ahead of the likes of MS Dhoni and many other famous cricketers in terms of marketable Sports icons. Notably, Sindhu earns about ₹ 1 to 1.5 crores per day from brand endorsements, standing second only to the Indian Cricket Team captain who charges about Rs. 2 crores per day for the same. This does not seem to bother the approaching brands though. Recently, Sindhu signed a 4-year deal with the Chinese sports goods giant, Li Ning for a whopping ₹ 50 crores in sponsorship and the equipment. Besides Li Ning, she also represents brands like Nokia, Panasonic, Gatorade, Bridgestone and Reckitt Benckiser. In fact, she was the first brand ambassador of Bridgestone in India.
Nevertheless, the 24-year old has kept been ethical in terms, refusing all the soft-drink brands’ endorsement deals because of her personal unacceptance of the same. Apart from these, Sindhu also endorses financial institutions and brands like Myntra, foods maker Apis and state-run lender Bank of Baroda. She also helped Govt. of India promote GST in the country in its earlier stage in 2017.
PV Sindhu Career winnings and rewards
While the majority of her net worth is amassed by the endorsement deals and sponsorships, a fair portion is chipped in by the career winnings and rewards from different institutions. As a token of appreciation after the silver medal feat in 2016, she received ₹ 5 crores from Telangana government, ₹ 3 crores from Andhra Pradesh and ₹ 2 crores from the Delhi government. Besides these, she also received ₹ 50 lakhs each from the governments of Madhya Pradesh, Haryana, Ministry of Sports and Badminton Association of India. Sindhu is also the youngest recipient of the Padma Shri Award which she received in 2015, adding to her tally of Arjuna Award and Rajiv Gandhi Khel Ratna award (2013). In fact, the Indian Olympic Association and Bharat Petroleum Corporation gave her ₹ 30 lakh and ₹ 75 lakh respectively.
Besides these money rewards, Chamundeshwarnath, Hyderabad District Badminton Association president, gifted BMW to the silver medalist after the Olympic Games in Rio de Janeiro in Brazil. As a matter of fact, he also gifted other 3 achievers of the Olympics, including Sindhu’s coach, Pullela Gopichand.
Apart from these rewards, she also has career earnings of $457,583 (₹3,35,61,425) according to BWF’s official website. With a salary of $500,000 (Rs. 3,57,00,000) and total earnings of $5.5 million (Rs. 40,00,00,000), PV Sindhu stands 13th and remains the only Indian in the Forbes list of highest-paid female athletes in 2019. The 24-year old has also featured in the Forbes list of Asia’s 30 under 30, marking her presence among some of the most influential young celebrities, not just athletes of Asia.
The estimated total Net Worth of PV Sindhu is around US$10 million (Rs. 72 Crores).