Vinesh Phogat, once a wrestler with a net worth of just Rs 5 crore, saw a dramatic surge to Rs 36.5 crore after the 2024 Paris Olympics, largely due to lucrative endorsement deals.
Setback at the Paris Olympics
Phogat faced a major setback when she was disqualified from the women’s 50 kg freestyle wrestling finals, costing her a potential gold medal.
Boost in Brand Value
Despite the setback, Phogat’s national fame skyrocketed, increasing her brand value and endorsement fees. Prior to the Olympics, she earned Rs 25 lakh per deal; now, her fees range from Rs 75 lakh to Rs 1 crore.
Endorsements and Luxury Cars
Managed by Cornerstone Sports, Phogat’s endorsements have become a major source of income. She also boasts a growing collection of luxury cars, including a Toyota Fortuner, Innova, and a Mercedes GLE.
Political Success
Phogat also ventured into politics, joining Congress and winning the Julana Assembly seat in Haryana. She described her victory as a win for every woman who chooses to fight for justice.
Wrestlers’ Protest
Earlier in 2023, Phogat, along with Bajrang Punia and Sakshi Malik, led a protest against Brij Bhushan Sharan Singh, accusing him of sexual harassment. Their efforts led to two FIRs being filed, including one under the POCSO Act.
