In October, Carlos Alcaraz won $1.5 million over just four days at the Six Kings Slam in Saudi Arabia. Shortly after the completion of this mega tennis event, we saw Jannik Sinner dismissing earlier claims that he joined this exhibition event for financial rewards. However, his rival, Alcaraz admitted that prize money motivated him. He added, “I love playing tennis. You know, most of the time I don’t think about the money. I just play for love or for fun. But you have to be realistic. You have to think that you want to earn money, you know, and that’s it.” This year, even the ATP Finals also had a record prize money! What would he have done if he had won that money in Turin, though?

It was announced that there will be a record prize money at this year’s Nitto ATP Finals. With his five straight wins, we saw Jannik Sinner winning a staggering $4.88 million (€5 million) payout in Turin and that’s the highest ever for an ATP event. Carlos Alcaraz failed to clinch that title this year, but before the start of the tournament, the Spaniard was asked what would he do with the record prize money if he was to win the tournament. Interestingly, in his reply to this question, he opened up a bit on the tax struggles as a tennis player in Spain.

Spain has a number of tax rules that can be at times a bit too complicated for the sports personnel. It’s reported that not only tennis players but even professional soccer players who compete in Spain lose around 50% of their income paying taxes. Reflecting a bit on this during an interview in Turin, Carlos Alcaraz said, “I have to pay, you know, taxes in Spain so it’s gonna be half of it.“ As per several reports, Alcaraz has to pay almost 47% of his earnings as taxes! What would he have done with that money if he won in Turin, though? In reply to this, he revealed that he is “looking forward to having a boat. So, like Rafa Nadal for example. You can race on your own.”

Speaking of tax struggles in Spain, Rafael Nadal founded several companies between 2005 and 2009 but during that time he was also suspected of tax evasion, given that the province in the north of Spain had tax breaks at the time. According to Spanish media, tax authorities in the Basque Country even launched an investigation into suspicions that Nadal evaded taxes in the Spanish province. However, later on, we saw Nadal deny that he and his father owe taxes on income garnered from two of their companies that were based in the Spanish tax haven of Guipuzcoa.

What does Carlos Alcaraz’s tennis idol, Rafael Nadal have to say about these tax struggles? In 2017, while speaking to Spanish bank Banco Sabadell’s customers, Nadal said, “In terms of managing assets, perhaps it would be better to go to another country with more beneficial conditions, but Spain is where I’m happy, with my family and friends. In another country, I would have double the money but be only half as happy. Money doesn’t buy happiness.“

Talking about earning money, well the 21-year-old Spaniard, Carlos Alcaraz has a net worth of around $20 million at the moment. He won 4 titles this season and took home a staggering amount of $9,850,338 as prize money. How much can he win in the next 12 months? Time will tell, but what are his goals for the 2025 season, though?

Carlos Alcaraz reveals his “main objective” for the 2025 season

El Palmar’s tennis star, Carlos Alcaraz recently received the award for the Best Male Athlete presented by the Autonomous Community of the Region of Murcia and the Association of Sports Press of the Region of Murcia. He attended the award ceremony with his parents and his manager, Albert Molina. During that event, Alcaraz shared a few thoughts on his 2024 season. He said, “Talking about 2024 is complicated for me: ups and downs, tough moments with injuries and doubts.“

He further added, “We try to focus on the good. We are positive people and strive to find the silver lining in the bad to appreciate the good.” Alcaraz even thanked his family, team, and all the supporters who have cheered for him throughout the season and said, “Let’s hope that 2025 comes back stronger,“ but what are his goals in 2025?

Well, his biggest goal for the 2025 season as of now is to win the AO. If he wins the 2025 AO, he’ll become the youngest man ever in the Open Era to complete the Career Grand Slam. Speaking on that goal, he said, “I am a very ambitious boy and I want more and Australia is what I want to get tattooed on me even though my father doesn’t like it very much. Being champion there is my main objective for next season.” Carlos Alcaraz also spoke about his off-season plans, saying that he’ll give himself a break for Christmas and New Year to prepare well for the 2025 season. Do you think he can win his fifth Major title in Melbourne next year?