Sergey Bubka Net Worth: Income, Commercial & Lifestyle

Sergey Bubka has climbed to the top of the highest-paid athletes for 2021, with projected total earnings of $82 million. Thus, Sergey Bubka’s net worth has reached $245 million as of now.

For those unknown, Bubka is a Pole Vaulter born on December 4, 1963, in Luhansk, Ukraine. As a former pole vaulter, he broke the 6.0 meter barrier for the first time.

Bubka was a member of the Soviet Union’s athletics team until its disbandment in 1991. Afterward, in the year 2001, he was immediately appointed as a member of the International Association of Athletics Federations (IAAF).

In 2012, he was one of 24 athletes inducted into the IAAF Hall of Fame for the first time. He began practicing for the pole vault when he was nine years old.

Furthermore, he was then advised that he couldn’t start until he was twelve because of the risk it holds.

Likewise, in 1983, Bubka won the world championship in Helsinki, Finland, his first international success experience. He set many world records over the years, earning him universal acclaim.

Additionally, Bubka played with Soviet teams until the breakup of the USSR in 1991.

During his career, Bubka set the world record for men’s pole vault 35 times, 17 times in the outdoor version. Additionally, it was followed by 18 times in the indoor version.

Sergey Bubka: Quick Facts 

Sergey Bubka Net Worth and Income

According to resources, the Ukrainian athlete’s net worth is $245 million. Various portfolios, significant land interests, and lucrative sponsorship deals with CoverGirl cosmetics have contributed to his success.

According to People With Money magazine, Sergey Bubka is the highest-paid athlete in the world, which was reported on Friday (May 7, 2021).

Likewise, he has earned $82 million between April 2020 and April 2021, a nearly $50 million advantage over his nearest competitor.

He also owns several restaurants in Kyiv (the “Fat Bubka Burger” chain), a football team (the “Voroshilovgrad Angels”), his own Vodka (Pure Wonderbubka – Ukraine), and a fashion line called “Sergey Bubka Seduction” adding to his net worth. 

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Sergey Bubka’s Business and Governance

Sergey Bubka has always had a bigger dream than just playing in sports. And the fact that he made a living from his sport and still never lost his origins or the difficulties he encountered as a child in the Soviet Union.

He explained, “I realized I was nearing the end of my career and wanted to be prepared. Physically, I was on a plan to scale down my fitness from my competitive level, and beyond that, I was able to retire and take new steps.”

Bubka became a Member of the Ukrainian Parliament and the Prime Minister’s Advisor for Youth, Culture, and Sports. He got this opportunity a year after he formally withdrew from the top-level competitions.

He worked for the Ukrainian government for four years and started several businesses that he and his family still operate.

Similarly, Sergey Bubka Sports Club, which was established in 1990 and offered training and assistance to thousands of young people around and many of whom have gone on to win medals at international competitions, is one of them.

During the Soviet era, he wanted to start a sports club. For Bubka, opening a start club was a fantasy come true.

Also, he owns a bakery with his brother and has dabbled in various gas stations, real estate investment firms, and grocery stores.

Most team members are mates from his early days as an athlete, which is unsurprising for a man who values loyalty so highly.

Sergey Bubka: Vacation and Lifestyle 

As a sportsperson, Sergey had an opportunity to enjoy a lot of national and international travel. Sergey Bubka Networth itself says that he will wealthy enough to take luxurious vacations.

Bubka doesn’t often doesn’t disclose his travel story. Thus, it seems like most of his travel throughout his life has been with the purpose of sports.

Flying Bubka: Sergey’s Book 

Flying Bubka, a book written by Sergey Bubka, covers his life story, including his childhood to current affairs. Bubka explains that the book is one of the most awaited sharing he wanted to do with the world and his fans.

Similarly, it holds his story of becoming a man, an athlete, a person, a patriot of his nation, and a story of a boy who was able to live out his childhood dream.

We often hear that champions are born, not made, but my example confident demonstrates that this is far from true.

Assertiveness, self-organization, complete dedication, discipline, diligence, the absolute commitment to a goal, skills of constant learning, and perfection lead to success and victories in sports and life.

“You win yourself, you win the others” is Sergey Bubka’s motto life, which has always helped him only to move forward. Every one of us has many talents that we never suspect. 

 According to Bubka, the main task is to overcome one’s weaknesses and refine oneself.

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Sergey Bubka: Endorsements

Sergey has been a famous face in endorsing some popular sports brands. In the year 1993, Sergey started his endorsement journey with Nike.

Likewise, one of the three Nike ads for the European market in 1993, “the magic shoe,” featured Bubka.

This advertisement created a lot of hype for both the star Sergey and the brand Nike. Thanks to the hype, it contributed a lot to Bubka’s wealth. 

Bubka’s contribution after retirement  

On July 23, 2005, in the University’s auditorium, where Bubka received his education, he was vested with high and honorable confidence. Bubka was elected as the President of the National Olympic Committee of Ukraine.

For many people, the NOC is associated with the Olympic Games. According to Bubka, he would like to remark that participation in the Olympic Games is the summit to be conquered by millions of athletes from a very young age. 

Ukrainian athletes represent their country with honor at these sporting forums. But this is only one of their priorities. They pay much attention to Promoting sports, a healthy lifestyle, involving children, young people, and the rest of society in sports activities.

Moreover, Sergey Bubka does a great scope of work to develop and implement cultural and educational programs, which help the younger generation form their best human qualities. 

Added to that, it also introduces them to the national and world cultures, acquaint them with the historical heritage of the Olympic movement, and the Olympic values.

In their activities, they prioritize ethical values and the philosophy of “fair play.” They help athletes who have left sports get settled in society and take care of sports veterans.

The world community sets a high value on our achievements: the NOC of Ukraine was recognized as one of the leaders in the world for its promotion of sports and Olympic values.

Sergey Bubka | Career 

Bubka started pole vaulting when he was nine years old. The athlete, who was 15 years old, accompanied his mentor, Vitaly Petrov, to Donetsk, Ukraine.

Likewise, Bubka captured the pole vault with a vault of 5.7 meters in the 1983 World Track and Field Championships held in Helsinki of Finland (18 feet 8.25 inches). Furthermore, the former pole vaulter transformed the face of pole vaulting in the years since, breaking several world records.

Bubka became the first pole-vaulter to jump 6.1 meters in 1991 in San Sebastián, Spain, but he then struggled to place in the event a year later at the 1992 Olympic Games in Barcelona.

Similarly, the player smashed his own world record with a jump of 6.14 meters in Sestriere, Italy, in 1994. (20 feet 1.75 inches).

As of now, Bubka is as well as an active member of the International Olympic Committee.

3 Facts about Sergey Bubka

• Bubka won six IAAF World Championships in a row, an Olympic gold medal. He also owns 35 world records in the men’s pole vault. Sergey, therefore, has already broken his own record in total 14 times.
• Sergey Bubka, with his brother, owns a bakery. Bubka is also involved in numerous other businesses. He thus respects the struggles of his older peers and fellow athletes who did not have the same success. He also hired all of them as members of his club’s team.
• In 1984, Sergey Bubka married gymnast Lilia Tutunik. They have two sons together. The elder has pursued a management career, while the younger is a professional tennis player.

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Quotes

• “I have bought pole vault equipment, the landing areas, posts, which costs a lot of money. We pay for coaches.” 
• “Often you need to take some risk, but it must be a realistic risk, you can’t take a crazy risk.” 
• “First do it, then say it.”

Frequently Asked Questions

How is Sergey Bubka related to Sergei Bubka?

Sergei Bubka, who is also a tennis player, is the son of Sergey Bubka.

Who is Sergey Bubka married to?

Sergey Bubka is married to Lilila Tuntunik who is also a gymnast .

Is Sergey Bubka retired?

Sergey Bubka officially retired from pole vault in 2001 during a ceremony at his Pole Vault Stars meeting in Donetsk.