Haile Gebrselassie Net Worth: Lifestyle & Investment

Ethiopia, the home to some of the best world-class runners, including Kenenisa Bekele, Abebe Bikila, and Mamo.

Similarly, Haile Gebrselassie is one of them who has garnered a net worth of $1 million.

For those unaware, Haile is a long-distance runner and a marathoner. The former runner was born on 18th April 1973 in the Asella, Oromiya Region of Ethiopia.

Besides, Haile has nine siblings: five sisters and four brothers. 

Likewise, Haile had to live in extreme poverty, and due to lack of enough family income, he had to spend most of his days bare-footed.

Besides, it was tough for his father to provide food to him and his siblings.

Haile Gebrselassie earned net worth.
Haile Gebrselassie running for a social cause.

Nonetheless, Haile’s childhood was full of struggles and hardships. Despite that, Gebrselassie never stopped dreaming.

He was optimistic about overcoming this situation and providing a good life for his family.

Undoubtedly, Haile successfully got whatever he wanted due to his hard work and dedication.

Today, in this article, we will discuss Haile’s net worth, income, and expenditures. We will also discuss his brand deals, contracts, endorsements, and many more.

But before we start our article, let us have an instant glance at the quick facts.

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Quick Facts

Full NameHaile Gebrselassie (haylē gebre silassē)
Nick NameThe Emperor
Date Of Birth18 April 1973
Birth PlaceAsella, Oromiya Region, Ethiopia
Age49 years old
Achievements
  • Two times Olympic gold medals
  •  Four World Championship titles 
  •  Four times consecutive Berlin Marathon winner
Records
  • 61 Ethiopian national records 
  • 27 world records
Sexual OrientationStraight
Height5’5″ (1.64 meters)
Weight54 kg (119 lb)
HoroscopeAries
ReligionChristianity
NationalityEthiopian
EthnicityBlack
Eye ColorBlack
Hair ColorBlack
TattoosNo
Marital StatusMarried
SpouseAlem Gebrselassie
KidsEden, Melat, Bete.
Father’s NameBekele Gebrselassie
Mother’s NameAyelet Degtu
SiblingsNine
High SchoolUnknown
ProfessionEthiopian long-distance track and road running athlete
Active from1992-2015
Former TeamAdidas
Net Worth$1 Million
Salary$250,000
EndorsementsDiageo
FoundationUnknown
Social MediaTwitter
Merch The Greatest: Haile Gebrselassie Story (Book) 
Last UpdateMay, 2022

Haile Gebrselassie Net Worth & Income 

As of 2021, Haile Gebrselassie has a net worth of $1 million. After converting it into Kenyan shilling, his net worth amounts to a whopping Kshs. 100 million. 

Similarly, the major source of Haile’s income comes from his running career. Gebrselassie has also been featured in some brand deals and endorsements.

Likewise, Haile turned into a businessman after his retirement. And coming from poverty himself, Gebrselassie now works for his community.

The former Olympic runner has also opened various business ventures so that his country’s people can get employment opportunities.

Nonetheless, even now, it is expected that Haile earns around $250,000 for appearing in any marathons.

Moreover, at the peak of his career, Haile made $400,000 for every marathon, a whopping amount of $70,000 as the time bonus. 

If you don’t know, the winner of the New York marathon is provided with $130,000 along with $60,000 for breaking the record.

Given that he set a world record in 2008, the Ethiopian runner received $250,000 as prize money, which means he earned $500,000 by just breaking the record. 

Haile Gebrselassie Net Worth: Endorsements

Apart from his whopping net worth, Haile doesn’t have many brand deals, unlike other athletes.

But in 2010, Haile signed a one-year contract with Diageo (a London-based beverage company) worth $100,000. 

However, this deal turned out to be one of the controversial advertisements ever. Since Haile is a role model, many people didn’t like him promoting the whiskey brand. 

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Haile Gebrselassie Net Worth | Businesses

One of Haile’s privileges as an Olympic medalist is an exclusive license in Ethiopia to import Hyundai cars in the entire country. 

Besides, Haile owns the Alem Building, one of the tallest buildings in Addis Ababa, which is bought under his wife’s name.

Moreover, Haile and his wife run a successful property business from this building that has financed seven of Addis Ababa’s tallest buildings. 

Around 1600 people work on his farms to make the world’s most flavorsome coffee. Similarly, Haile claims his coffee to be the world’s best coffee.

Moving on, Gebrselassie owns an athletic training center at Yaya village, a luxurious villa with all the facilities and greenery all around.

Apart from that, Haile has a cinema hall and even a school named after his wife. Haile is also the president of the Ethiopian Athletic Federation.

Nonetheless, all of his fortunes and business ventures have made him the richest man in Ethiopia.

Haile Gebrselassie Net Worth: Lifestyle and Vacation

Even though Haile has earned a lot of money and can live a luxurious life, he seems to follow a simple lifestyle. 

Gebrselassie knows how it feels to live in extreme poverty, so he has invested most of his money in creating job opportunities for Ethiopian people.

Moreover, even at the inauguration of his cinema hall, Haile was seen wearing a simple blue t-shirt, jeans, and simple shoes.

Hence, we can say that Haile doesn’t believe in showing off and likes to keep everything simple and minimal.

Undoubtedly, Haile follows a healthy lifestyle, and he takes excellent care of his diet even after his retirement. 

Likewise, Haile is happily married and has a family of his own. However, Haile feels that instead of spending money on luxurious vacations, he could use that money to develop his country.

But occasionally, Haile takes his wife and children for vacations. The small family usually visits religious places full of history, so his children can learn good things.

Apart from that, he loves spending time with his family. 

Haile Gebrselassie’s Training Routine

Every morning after waking up at 5:30, Haile starts his training. Likewise, to warm his muscles, he traveled 20 km of unpaved terrain.

The former runner covers that distance in about two hours.

After that, Haile goes to the gym for physical exercises in the afternoon and focuses on strengthening the muscles, especially the calf twins. 

Again, he went for a 10km running in the evening. Not to mention, Haile does it so smoothly as if he was working out on a treadmill.

Haile Gebreselassie Movie, Books & Publications

As iconic and inspirational as Haile is, it is no wonder that he has been featured in various movies, books, and magazines.

One and the only movie Haile has done happens to be Endurance, a 1999 released documentary drama about his childhood. We can see him portraying himself in the movie.

Similarly, The Greatest: The Haile Gebrselassie Story is an autobiography of Haile written by Jim Denison.

This autobiography was published in 2004 which contained everything about the runner’s life.

Haile Gebrselassie
Haile Gebrselassie

Apart from that, Haile has been featured in various magazines as well. Similarly, in 2011 he was listed as top 100 the most influential African man by New African Magazine.

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A Glance at Haile Gebrselassie’s Life

As mentioned above, Haile was born into a very low-income family, and they even didn’t have proper clothes to wear and good foods to eat.

Although that, Gebrselassie’s parents wanted him to study hard so that he didn’t have to face all the problems they faced.

However, Haile had a different plan for himself. He wanted to be an athlete and make his country proud.

Ans surely, his parents were against his decision, and as a result, Haile left his home. At that time, Gebrselassie found solace from his older brother. 

Furthermore, his brother was very supportive and encouraged him to pursue his dream. Hence, this gave Haile a confidence boost, and he started to work for his career.

Haile made his debut in 1992 at World Junior Championship, which was held in Seoul, Korea.

Amazingly, Haile got everyone’s attention from his very first game. Nonetheless, Haile has not looked back ever since. 

Likewise, Gebrselassie created records after records and even broke his own. Then he started getting recognition from everyone, along with the fame and name.

Slowly, he became a big name in long-distance running. 

Through his career’s prize money and bonuses, Hiale successfully managed to live a life he once dreamt of. Moreover, slowly, his economic condition started to improve. 

Indeed, Haile is an inspiration to many youths and aspiring athletes. Nonetheless, Haile proves that one has to dream and work for the dream, and one day, you will be successful.

Some of the achievements of Haile

  • Two times Olympic gold medals.
  • Four World Championship titles.
  • Four times consecutivelyBerlin Marathon winner.
  • Sixty-one Ethiopian national records.
  • Twenty-seven world records.
  • AIMS Lifetime Achievement Award.
  • Two times Track and Field News Athlete of the Year.
  • Princess of Austria award for Sports.

Haaile Gebrselassie Charity

Currently, Haile lives a happy life with his family; he is a record-holder athlete even better human being. Likewise, Haile has done a lot to help people in need.

Without a doubt, Haile has donated a lot of his fortunes for the development of Ethiopia.

Similarly, in 2020, Haile donated a whopping amount of $50,000 to the people affected by the COVID-19 pandemic.

Apart from that, he has also been involved in various other charitable activities, which have not been disclosed yet.

Nonetheless, if we do find any information regarding his philanthropic activities, we will update you soon.

Social Media Presence

The former athlete is currently active on Twitter. Apart from that, Gebrselassie doesn’t use any other social media platforms.

Similarly, Haile has 269.7k followers on his Twitter handle and has made 440 tweets so far.

However, his tweets are mostly about awareness, charity, and social work. From his social media handle, he tries to people aware as much as he can.

If you want to know more about Haile, you can find various articles about him on different websites.

Quotes

  • “Once you have commitment, you need the discipline and hard work to get you there.” 
  • “When you run the marathon, you run against the distance, not against the other runner and not against the time.” 
  • “You need three things to win: discipline, hard work, and, before everything maybe, commitment. No one will make it without those three. Sport teaches you that.”

Frequently Asked Questions (FAQs)

Does Haile Gebrselassie smoke?

No, he doesn’t. Instead, Haile prefers to live a healthy life, and he even suggests everyone stay away from any bad habits.

Where is Haile now?

Haile is currently living in Addis Ababa, in the Arsi region near the Somali border with his family. 

Feeling inspired yet? Do you feel like running around in hopes of breaking a record like Haile? Well, we have just the perfect article for you—better gear up for the run. The Top Ten Best Nike Shoes >>

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Comments

  1. Haile’s networth is estimated to be more than 200m$+. He owns lots of hotels and resorts in ethiopia. In one of ethiopias’ recent conflicts one if his huge resort which is located in adama, Ethiopia was destroyed which was worth about 900m ETB and nextday he got invited on Ethiopian television for an interview and was asked about the situition but his response was “I don’t care” lol thats how rich he is.

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