David Beckham's reign is over because Cristiano Ronaldo is now the richest footballer in the world with a total estimated earnings of £122 million. Beckham was named the richest footballer in 2013, earning £165 million but after his retirement, he was ousted for the contest for the yearly Goal Rich List.

According to NDTV Sports, Ronaldo has not only ended Beckham's reign as the world's richest footballer but the 28-year-old Portuguese athlete has also defeated long-time rival Lionel Messi. Ronaldo, who had beaten Messi in the coveted 2013 Ballon d'Or Trophy, had beaten the Argentine footballer in terms of financial compensations as well. Ronaldo's lucrative five-year contract with Real Madrid in 2013 and his huge Nike sponsorship deal add to his fortune.

The Goal Rich List was officially unveiled on March 10 on its official Web site.