Soccer superstar Cristiano Ronaldo is the first player in his sport to become a billionaire, joining the ranks of the wealthiest athletes.

Catapulted by a contract with a Saudi Arabian team, the veteran Portuguese player, now 40, is the first soccer player to be worth 10 figures, Bloomberg reported .

Ronaldo recently signed a two-year contract with Riyadh-based Al-Nassr FC, a team that competes in the Saudi Pro League, which is reportedly worth more than $400 million, according to Bloomberg. Ronaldo does not have to pay taxes on his Saudi earnings.

The Bloomberg Billionaires Index pegs the champion athlete's net worth at $1.4 billion, marking the first time a soccer player has landed on the list. The outlet notes that his net worth accounts for his career earnings, plus investments an

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