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Valentino Rossi’s Income and Business Ventures: A Closer Look at the VR46 Racing Empire

Jakarta

Even though Valentino Rossi no longer races in MotoGP, his income still reaches hundreds of billions of rupiah per year. This income mostly comes from the racing team and sales of VR46 Racing merchandise.

Obtained from MotosanWednesday (27/9), report Football and Finance said, Valentino Rossi closed 2022 with income of 38.5 million euros or approximately IDR 631 billion. This income fell by approximately 2 million euros or Rp. 32 billion compared to the previous year.

Apart from being brilliant in the racing business, Rossi has a very strong personal brand. That’s why the VR46 Racing trademark can bring in income which was dominant over the past year.

Valentino Rossi. Foto: NurPhoto via Getty Images/NurPhoto

Rossi’s business is currently operating in five different sectors, namely an off-road racing track called Ranch 46, VR46 SL which focuses on documentation, VR46 Team and VR46 Academy which are engaged in developing young racers, and VR46 Racing Apparel which sells any knick-knacks. regarding Rossi and his team.

According to the same report, Rossi’s biggest income last year came from VR46 Racing, which was in the MotoGP class. He pocketed 16.8 million euros or Rp. 275 billion from this sector. Meanwhile, the second largest source was VR46 Racing Apparel, which reached 15.5 million euros or IDR 254 billion.

Then the rest is divided into VR46 SL amounting to 3.4 million euros or IDR 55 billion, VR46 Academy 2 million euros or IDR 32 billion and Ranch 46 which is only 764 thousand euros or IDR 12 billion.

Valentino Rossi’s income after retiring from MotoGP. Photo: Fabio Averna/NurPhoto via Getty Images

Unfortunately, the report does not mention how much Rossi earns from sponsorship or advertising. This gives rise to two different allegations: Rossi is not tied to any brand or not Football and Finance did not include sources outside the company.

Before retiring, Rossi was the racer with the second highest salary in MotoGP. In the 2021 season, he will pocket a fee of IDR 155 billion per season or IDR 30 billion less than Marc Marquez in first place.

Watch the video “Rossi’s happy expression watching his students from the edge of the circuit”

(sfn/sfn)

2023-09-27 05:11:46
#Dont #surprised #Rossi #earns #retiring #MotoGP

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