Former Manchester United and England captain Sir David Beckham has become Britain’s first billionaire sportsman.

Axar.az reports, citing ESPN, Beckham and his wife Victoria are now estimated to have a combined wealth of £1.185 billion ($1.6 billion), placing them second among the world’s richest sports figures after the family of former Formula One chief executive Bernie Ecclestone, whose fortune is estimated at £2 billion.

The report credits Beckham’s wealth to his ownership stake in MLS club Inter Miami, endorsement deals with global brands such as Adidas and Hugo Boss, and long-term commercial partnerships built during and after his playing career.

Beckham, who won multiple Premier League titles and the UEFA Champions League with Manchester United, is also a co-owner of one of Major League Soccer’s most valuable clubs.