Pelé's career began with Santos FC after impressing the coach with his incredible skills as a 15-year-old. As he got older, Pelé began to play for several youth teams in Brazil and excelled while playing indoor football (futsal).

His father showed him various skills, but the family could not afford a soccer ball and he played with a grapefruit instead. Although he spent much of his time working in order to provide for his family, Pelé also learned how to play football from an early age. Pelé grew up in a poverty-stricken environment, scraping by in Bauru, Sao Paulo. In truth, the word 'Pelé' has no meaning in Portuguese or any other language. His friends continued to call him Pelé as a joke, and the name stuck. Raised alongside two siblings, Edson was named after the inventor Thomas Edison (minus the 'i').Įventually, he earned the nickname Pelé because that was the way he once mispronounced the name of Bilé, a goalkeeper who played for Vasco de Gama during his childhood.

Pelé was born into a footballing family, and his father Dondinho also played at a professional level. Early LifeĮdson Arantes do Nascimento was born on October 23rd of 1940 in Três Corações, Minas Gerais, Brazil. After retiring, Pelé became a worldwide ambassador for football and a political activist who strove to improve conditions for the poverty-stricken in Brazil. Pelé is regarded as a national hero in his home nation of Brazil and is the nation's all-time leading goalscorer with 77 total goals. Across all tournaments, he has scored 1297 goals. Pelé currently holds a number of important records, having scored the most goals in the top division (541). In his decades of retirement, Pelé continued to earn tens of millions of dollars from endorsements with companies, notably Puma. At his peak in the mid-1970s, he was the highest-paid athlete on the planet, earning the inflation-adjusted equivalent of $10 million per year between salary and endorsements. Widely-regarded as the best soccer player of all time, Pelé is one of the most legendary figures of the 20th century. Let’s also not forget his stake in the champagne company Armand de Brignac his entertainment label, Roc Nation, which is owned by Live Nation the sports-management division it launched in 2013 called Roc Nation Sports his investment in Jetsmarter his stake in Uber his real estate portfolio and his upscale sports bar in Manhattan known as the 40/40 Club.Pelé was a beloved and world-renowned Brazilian footballer who had a net worth of $100 million at the time of his death. Now that company is worth $600 million, Business Insider reported. In 2013, he sold his portion of the team for $500,000.Īnd 2015, he purchased the company behind the music streaming service Tidal for $56 million. In 2003, Jay-Z also purchased a small percentage of the New Jersey Nets, which he helped revitalize even helped move the team to Brooklyn. In 2007, he turned around and sold that company for a cool $204 million. In 1997, Jay-Z co-founded the clothing label Rocawear. But music isn’t Jay-Z’s only money maker. He continued to release hit after hit record throughout the late ‘90s into the early 2000s, which earned him his first few millions, Business Insider reported. That year, Jay-Z released his debut album Reasonable Doubt, and it became an instant classic. In 1996, his friends Damon Dash and Kareem Burke founded their own record label, Roc-a-Fella Records. However, it would be another seven years before he really made it. It was at this time that the moniker 'Jay-Z' stuck. That song helped the pair land an appearance on an episode of Yo! MTV Raps. In 1989, Carter joined rapper Jaz-O to record a song called 'The Originators,' according to Biography. At 19, Jay-Z made his first appearance on MTV.

Here's what we know about Jay-Z's net worth. Jay-Z went on to become one of the richest entertainment icons alive (and marry Beyoncé, of course). The day before, you could be celebrating him getting a brand-new bike.' One day, your best friend could be killed. 'There was playing in the Johnny-pump and the ice-cream man coming around and all of these games that we'd play, and suddenly it would turn just violent and there would be shootings at 12 in the afternoon on any given day. 'It was a very intense and stressful situation,' he told Fresh Air’s Terry Gross. There, he told NPR in a 2010 interview, his only job was to survive. Jay-Z - born Shawn Corey Carter in Brooklyn, New York - grew up in the Marcy housing project with his mother.

The rap superstar may have just been crowned hip-hop's first billionaire, but it wasn't always that way. Jay-Z has 99 problems, but being broke definitely isn’t one.

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