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‘The money always goes to the bank’: PV Sindhu on Her 2018 Forbes Listing

PV Sindhu ranked seventh on a 2018 Forbes list with estimated earnings of $8.5 million for June 2017 to June 2018, mostly from sponsorships. Here is what the figures mean and what they do not show.
From TheFinanceBase Team3 min to read
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PV Sindhu was ranked seventh among the world’s highest-paid sportswomen on a Forbes list published in 2018, based on estimated earnings of $8.5 million for June 2017 to June 2018. Of that total, $8 million came from sponsorships and $500,000 from prize money. Responding to the listing, Sindhu said the money “always goes to the bank,” and that being on the list with top names was reason enough to smile. The figures and quotes are from a Scroll.in report carried from AFP on 23 August 2018. They describe a past period, not her current ranking or income.

What the 2018 Forbes list reported

According to the Scroll.in/AFP account, Sindhu, then 23, placed seventh on Forbes’ list of the highest-paid sportswomen. Six tennis players ranked above her, led by Serena Williams. The report’s figures for the top two places are shown below. It does not list the other athletes above Sindhu.

Athlete Position on list Estimated earnings (as reported) Period
Serena Williams 1 $18.1 million June 2017 to June 2018
PV Sindhu 7 $8.5 million June 2017 to June 2018

Because the Forbes list page itself was not checked for this article, these figures should be read as the Scroll.in/AFP report’s account of Forbes estimates.

Where the $8.5 million came from

The report splits Sindhu’s estimated total into two sources. The shares below are calculated from those reported amounts.

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Income source Amount (June 2017 to June 2018) Approximate share of total
Sponsorships $8,000,000 About 94%
Prize money $500,000 About 6%
Total estimated earnings $8,500,000 100%

The gap between the two lines matters for anyone trying to judge how stable this kind of income is. Sponsorship income is tied to contracts with brands, which set terms, fees and durations. Prize money depends on results: a deep run in a tournament pays, an early exit does not. In this period, the report’s figures show that sponsorships provided the great majority of the total. The report names no individual sponsors and does not say how the sponsorship fees were structured.

What Sindhu said about the money

Sindhu’s comment on the listing was: “The money always goes to the bank so not much account on that, but I think just to be in that list with some top names is reason enough to smile.”

The remark is about her attitude toward the ranking, not a description of how she manages her finances. The report does not say who handles her money, how it is saved or invested, or whether she tracks her earnings closely. Readers should not take the quote as evidence of a specific financial strategy.

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Losses, endorsements and the 2018 context

The report places Sindhu’s profile in context. It says her standing rose after she won silver at the 2016 Olympics, which it describes as the first Olympic silver medal won by an Indian woman. Endorsements followed in categories the report lists as sports drinks, mobile phones and car tyres. No brands are named.

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Sindhu’s 2018 season, as described in the same report, included a loss to Carolina Marin in the World Championships final and losses in finals at the Commonwealth Games, the Indian Open and the Thailand Open. She said she was focusing on the Asian Games and later events, and expressed hope of winning Olympic gold. On losing, she said: “Losing is part of life. You lose some and win some. I have to take it on a positive note. I look to come out stronger with every loss.”

Badminton Association of India vice-president Punnaiah Chawdary told AFP the recognition was “great news for Indian badminton.”

What the figures do and do not tell you today

  • The period is fixed. The estimate covers June 2017 to June 2018. It is not a figure for 2026 or any later year.
  • The ranking is historical. Seventh place describes one Forbes list from 2018, not a current standing.
  • The figures are estimates. The report calls them Forbes estimates of earnings. It does not say whether they are before or after taxes, agent commissions, or training and travel costs, so they should not be read as take-home pay.
  • The competition details are dated. Sindhu’s 2018 results and stated plans describe that year only.

Practical lessons from a headline quote

  • Separate gross earnings from money you keep. A headline estimate is the starting point. Deductions for tax, fees and costs determine what is actually available to save or spend.
  • Compare contract income with performance income. Sponsorship fees are usually fixed by agreement for a set period. Prize money can change sharply from one season to the next. Budget around the lower, more reliable line.
  • Ask who controls the savings. The “bank” comment shows one common approach: money goes into an account and is not spent on prestige. Whether that is a plan, a habit or a delegated arrangement is not stated in the report.
  • Check the source and date before using a figure. Quotes and rankings from 2018 are accurate to that report, but they age quickly.

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