According to a Forbes report, Formula 1 legend Michael Schumacher has emerged among the top five of highest earning sportsmen of all time. Schumacher, who won seven Formula 1 World Championship titles and a record 91 grand prix victories, banked $1 billion thanks to contracts with Benetton, Ferrari and Mercedes as well as a numerous personal endorsements and prize money. On the list, basketball superstar Michael Jordan is the highest earning sportsman in history with earnings of $1.7 billion, followed by ace golfer Tiger Woods whose cumulative career earnings so far has amounted to $1.65 billion and the late golfing legend Arnold Palmer who earned $1.35 billion during his lifetime, third...
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