Ace shooter Manu Bhaker became the first Indian woman to score an Olympic medal in shooting by winning two bronze medals at the Paris Olympics 2024. In the 10m Air Pistol, she won the bronze medal, barely losing the silver medal position by a close margin. It has been an unforgettable experience, and there is a lot expected from her in future games, and more medals will be won. Here is everything about Manu Bhaker’s financial journey and net worth.
The Rise In Manu Bhaker’s Net Worth
Ace shooter Manu Bhaker won as many as two bronze medals and thus can be termed the first-ever Indian woman to have won an Olympic medal in shooting. The successful performance of the final show in the 10m air pistol event, where she narrowly lost the silver medal at the 2024 Paris Olympics.
Before the Paris Olympics 2024, Manu Bhaker’s net worth was considered to be Rs 60 lakh. Nevertheless, after her win at the international level, she has become a millionaire with an estimated net worth of Rs 12 crore by 2024. Besides her earnings from the competitions, Bhaker has been financially backed by different bodies, such as the Olympic Gold Quest (OGQ).
Manu Bhaker suggests the shifting perception and pride the nation has for its female athletes in India. Female athletes currently earn between Rs 8 lakh and Rs 30 lakh per endorsement in India. Manu Bhaker’s brand value has been estimated to be around Rs 1.5 crore. She is set to become one of the most financially successful athletes to come out of India, in addition to winning many medals.
Manu Bhaker’s Investments And Financial Journey
The success story of Manu Bhaker in the realm of sports was not a daydream or a fairy tale. Her success story started with Rs 1.5 lakh capital provided by her father, who found talent in her and nurtured her to be a sharpshooter. This initial cost proved good shortly concerning her training and equipment.
This is in many ways because of the support of several organizations that were instrumental in shaping Bhaker as a sportsperson. Olympic Gold Quest was established in 2008 as a nonprofit organization that committed to funding Indian athletes setting up for an Olympic performance economically supported. The financial support from OGQ helped Bhaker concentrate more on the training and the competitions without thinking about the bills and other expenses to be paid, which allowed her to achieve greater heights in her career.
Financial Backing From The Government
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Besides private sponsorship, Bhaker got good financial backing from governmental programs. She owns the expenses of her Olympic preparation, for which the Sports Authority of India (SAI) donated Rs 12,16,257 via the Target Olympic Podium Scheme (TOPS). Bhaker has described this financial support as important as it afforded him enough financial might to be able to face competitors from around the world.
Annual Calendar for Training and Competition (ACTC) schedule for the year, Rs 1,50,67,390 was provided to Bhaker. This funding was able to meet her training and competition expenses, thus equipping her with enabling tools that made her remain competitive and in top form.
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