Faker is like the Michael Jordan of League of Legends. His gaming skills make him tons of money from winning tournaments, salaries, sponsors, and more. Fans always want to know - how rich is Faker? The fact is Faker has made multi-millions of dollars so far in his career and has huge deals that keep the cash coming in.
In this article, we’ll talk about the sources that help Faker make money, such as his salary, cash prizes, sponsorships and deals, income from streaming, and more!
What's Faker's Net Worth?
Faker, the renowned League of Legends player, has an estimated net worth of $5-7 million dollars. His numerous championships and revenue streams from sponsorships and endorsements have contributed to his impressive earnings. Faker is one of the wealthiest esports players in the industry, thanks to his undeniable success in the game.
Faker has earned a significant amount of money through his victories in tournaments and championships, as well as through the support of his team, SK Telecom T1. Additionally, he has sponsorships and endorsements from companies such as Nike and T1 Entertainment & Sports, and generates income from live streaming. All of these sources have contributed to his impressive fortune.
Between all the prize purses, salaries, endorsement deals, live streaming revenues, and other business ventures, conservative estimates put Faker easily in the multi-millionaire tier—cementing his status as one of the richest esports athletes around. And at just 27, his earning potential shows no signs of topping out yet.
How Much Does Faker Make?
It's hard to tell the exact amount Faker makes per year but for an estimate - Faker makes around $7-10$ million annually through various things. Here are Faker's sources of income.
What is Faker's Salary?
As the most recognizable face of SK Telecom T1, Faker is estimated to have one of the highest salaries in the esports industry. While the specifics of his contract are kept confidential, insiders believe that his salary and incentives from SKT amount to over $10 million annually.
In addition to his base salary, it is said that he earns performance-based bonuses for winning tournaments, achieving individual milestones, and contributing to the team's success. With more than 20 major championships to his name, these bonuses have undoubtedly added up over time.
Considering his significance to SKT's brand and his status as one of the most dominant players in the game's history, it's unsurprising that Faker's salary is comparable to those of traditional sports stars.
How much does Faker make from Prize Pools?
In addition to his regular paychecks from SKT, Faker has collected over $2 million from prize pools over his career. He has won over 65 premier tournaments across 8 years of competition at the highest level. The payouts from many early tournaments are hard to confirm, but his 3 World Championship wins alone contributed over $1.5 million to his vault.
Source: eSports Earnings
On top of Worlds purses, his first-place finishes at prominent leagues like LCK and Mid-Season Invitational have each chipped in 6 figure prizes consistently. Though less reliable than salaries, these prize pool payouts form a nice chuck of bonus income when they hit.
Faker Sponsorships with Brands
Faker has deals with huge brands that pay him lots of money. Some of the brands he works with are Nike, Samsung, Razer, Red Bull, and Creative Artists Agency. These sponsorship deals bring Faker over $3 million per year!
Big mainstream brands like Nike and Red Bull sponsor Faker because he is so popular. Over 50 million people watch esports and most of them know who Faker is. So these brands pay him to show off their products to his fans.
Gaming brands like Razer and Samsung also pay him because he uses their equipment to play. When fans see Faker winning championships with a Razer mouse or Samsung monitor, it makes those products seem better.
Faker also signed with the talent agency CAA. They help him get more brand deals and commercials around the world to make even more money off his fame.
With so many sponsors chasing him, it's clear Faker is the Michael Jordan of esports when it comes to endorsements!
Faker's Income from Streaming & Donations
Faker cashes checks from his highly popular live-streaming channels where he plays League of Legends solo queue on both Twitch and YouTube. Across both platforms, he retains roughly 3.9 million followers and likely over half a million monthly average viewers.
Between ad revenue shares, subscriber money, and viewer donations, experts estimate he generates low-to-mid six figures annually from streaming proceeds. Though smaller than other income sources, every little bit counts on the road to fortune.
Faker's Equity from SKT T1
As one of the original players when SK Telecom acquired an esports team, Faker reportedly retains a 5.66% equity stake in the now T1 Entertainment & Sports organization on top of his salary.
Much like Michael Jordan with the Charlotte Hornets, Faker’s early gamble on an upstart esports squad may pay off with greater wealth and influence for years to come thanks to this equity stake. So win or lose on Summoner's Rift, Faker has already won big in business thanks to his belief from the start in esports' potential.
Faker Owns A Building?
On top of his equity stakes, Faker has invested his fortune into impressive real estate as well. He owns a building in downtown Seoul now known as Faker Tower. This 9-story building located at 114-12 Hwagok-dong in Gangseo has medical offices and a café on the lower floors.
The crowning penthouse reportedly serves as the headquarters for Faker's own business operations when he's not busy stacking trophies on the Rift.
Along with property ownership comes rental income too, providing yet another revenue stream that diversifies his assets and builds his net worth over time. Just like his diverse champion pool, Faker has assembled a powerful financial portfolio putting him in a league above most other esports athletes.
Why is Faker SO RICH?
Faker is regarded by most as the single greatest esports athlete of all time in League of Legends. His individual skill level allows him to command top dollar with every endeavor.
Secondly, in a new industry like esports, Faker secured superstar status extremely early on. By dominating from his rookie year and becoming the face of elite LoL gaming, he earned lucrative deals right from the start before others could.
Lastly, along with talent that attracted suitors, Faker balanced gaming fame with business savvy. From ownership stakes to real estate buys using his winnings, he made financial moves beyond championships to multiply his wealth over the long run.
Simply put, by cementing himself as an unprecedented winner, marketable celebrity, and shrewd investor all at once in a booming new industry, Faker secured the bag exponentially faster than anyone else around him.
Finals Words
And there you have it - now you know how Faker got so rich! With big salary checks, piles of tournament prize money, fancy sponsor deals, streaming income, and ownership in his team, Faker has made over $10 million dollars already in his career.
His amazing skills at League of Legends unlocked huge fame and success. This GOAT will keep earning record-breaking paychecks and trophies for years to come through skills, smarts and superstardom. Faker is the blueprint for becoming a very wealthy pro gamer!
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