Coco Gauff Net Worth 2022 – Salary, Income, Earnings

Coco Gauff Net Worth

Coco Gauff has an estimated net worth of $3.5 million. American Coco Gauff is a professional tennis player who rose to prominence with a win over Venus Williams at Wimbledon when she was just 15. She earns most of her income from her career as a tennis player and brand endorsements. 

Cori “Coco” Gauff plays professional tennis. When she was 15, she received a wild card entry to Wimbledon and defeated five-time Wimbledon champion Venus Williams in the first round. Gauff also reached the third round of the US Open that year and won her first singles title. In 2021, she won her second singles title and reached the French Open quarterfinals. Gauff was named to the United States Olympic team in June 2021, but was forced to withdraw after testing positive for Covid-19.

To calculate the net worth of Coco Gauff, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of her net worth:

Name: Coco Gauff
Net Worth: $3.5 Million
Monthly Salary: $70 Thousand
Annual Income: $1 Million
Source of Wealth: Tennis Player

Early Life and Family

“Coco” Cori Gauff was born in Delray Beach, Florida on March 13, 2004. Cori was named after her father, Corey, and was given his nickname, Coco. Gauff’s father was a Division I basketball player at Georgia State. Candi, her mother, was a gymnast who also ran Division I track and field at Florida State University.

Gauff spent her childhood in Georgia. Her mother was a teacher, and her father worked in the pharmaceutical industry. Gauff’s parents chose to leave their jobs and relocate back to Delray Beach, Florida, to support her tennis training and career. Candi began homeschooling her daughter, while Corey became her coach. Cameron and Cody, Gauff’s younger brothers,

Early Tennis Career

Gauff’s parents wanted their firstborn to participate in sports because they were athletes. Gauff began playing tennis when he was six years old. By the age of ten, she had traveled to France to work with Serena Williams‘ coach, Patrick Mouratoglou. Gauff has continued to train with Mouratoglou, but her primary coach is her father.

Corey has stated about Gauff’s growth, “We stressed to Coco early on the importance of being a well-rounded athlete and learning other sports; she participated in gymnastics, soccer, basketball, and track. We wanted her to grow into a complete athlete.”

In 2014, Gauff won the US Tennis Association Clay Court National 12-under title. In 2017, she finished second in the US Open Girl’s Junior Championships. The following year, she won the French Open junior title.

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Professional Tennis Career

Gauff told friends and family in January 2019 that her goal for the year was to become one of the top 100 ranked players in the Women’s Tennis Association. She was 685th at the time.

Gauff, 15, rushed to London in June 2019 after receiving a wild card slot to play at Wimbledon. In the first round, she faced Venus Williams. Not only was Williams a five-time Wimbledon champion, but she and her sister Serena were Gauff’s tennis idols. Gauff, on the other hand, emerged victorious.

Gauff became the youngest player since 1991 to reach the fourth round of Wimbledon in 2019. Her success drew so much attention that the term “Cocomania” was coined. Soon after, she reached the third round of the US Open, becoming the youngest player to do so since 1991. Her defeat was followed by a touching display of sportsmanship when winner Naomi Osaka invited Gauff to participate in the post-match interview.

Gauff won her first WTA title in October 2019 at the Linz Open in Austria. This triumph was made possible in part because she was a “lucky loser” who made the tournament’s main draw after another player was forced to withdraw due to injury. Gauff also achieved her goal of becoming one of the WTA’s top 100 players.

Gauff advanced to the fourth round of the Australian Open in 2020 after defeating Osaka in the third round. Gauff reached the French Open quarterfinals in 2021, becoming the youngest player to do so since 2006. She also advanced to the fourth round of Wimbledon that year and won another WTA singles title in Parma, Italy.

Gauff, in addition to her singles success, has competed in and won doubles tournaments, frequently with Catherine McNally. Due to an injury, McNally was unable to partner with Gauff at the 2021 French Open, so Gauff played doubles with Venus Williams. Unfortunately, they were eliminated in the first round.

Gauff wrote in an essay in 2020 that prior to her success at Wimbledon in 2019, she had felt “this pressure that I needed to do well quickly.” She’d also been suffering from depression for “about a year.” She stated that things began to change for her after she “realized I needed to start playing for myself and not other people.” “I came out of it stronger and knowing myself better than ever,” she said of her struggle.

Age Restrictions in Women’s Tennis

The WTA implemented rules in 1994 that limited professional tournament participation to those aged 14 to 17. (Younger players are not permitted to turn professional.) A player can only compete in eight professional events at the age of 14, increasing to 16 tournaments at the age of 17. Winning can increase the number of events allowed slightly, but full pro status is not available until a player reaches the age of 18.

These rules are intended to protect players, in part because Jennifer Capriati experienced burnout after turning pro at the age of 13. However, there have been concerns that the structure is too restrictive. Gauff has been slower to rise in the player rankings because she is only allowed to compete in a limited number of tournaments. Her highest ranking to date is No. 23.

2020 Olympics

The 2020 Olympic Games have been postponed by one year due to the Covid-19 pandemic. Gauff was named to the United States Olympic team in 2021 after winning the French Open in June. She would have been the youngest Olympic tennis player since 2000.

Unfortunately, Gauff had to withdraw from the Games due to a positive Covid test. She wrote on Twitter on July 18: “I am extremely disappointed to inform you that I tested positive for COVID and will not be able to compete in the Olympic Games in Tokyo. It has always been a dream of mine to represent the United States at the Olympics, and I hope that there will be many more opportunities for me to do so in the future. I’d like to wish TEAM USA the best of luck and a safe Olympic Games for all Olympians and the entire Olympic family.”

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Income

Gauff was awarded $538,103 in 2019 and $509,862 in 2020. In 2021, her winnings surpassed $1 million. She also has endorsement contracts with companies such as New Balance and Barilla. Team8, which Roger Federer co-founded, represents Gauff.

Activism

In 2019, Gauff stated “My generation has only recently decided that it is time to speak up for ourselves. I’m very interested in the [climate] movement, and I’m learning about ways we can improve, at least my lifestyle and the way my family lives.” She was sharing information about Juneteenth with her followers online years before it became a federal holiday.

Gauff spoke at a Black Lives Matter protest in Florida in 2020, noting that she was protesting the same injustices that her grandmother fought “50-plus years ago.”

Further Reading

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