Alex Ovechkin's Net Worth

Alexander Ovechkin is a Russian professional ice hockey player and captain of the Washington Capitals in the NHL as of 2025. Known as "The Great 8," he is regarded as one of the greatest goal scorers in hockey history. Selected first overall in the 2004 NHL Draft, Ovechkin quickly became the face of the Capitals, winning the Calder Trophy as the league’s top rookie in 2006. Over his career, he has dominated the NHL, earning multiple goal-scoring titles (Rocket Richard Trophy), MVP awards (Hart Trophy), and All-Star selections. Ovechkin led Washington to its first Stanley Cup victory in 2018, winning the Conn Smythe Trophy as playoff MVP. He ranks second in all-time NHL goals, following only Wayne Gretzky, and holds several records, including the most power-play goals and overtime goals in league history.

Internationally, Ovechkin has represented Russia in multiple World Championships and three Olympics, winning three gold medals. Raised in a family of athletes, with a champion basketball player mother and a soccer player father, Ovechkin’s passion for hockey was evident from a young age.

Alex Ovechkin’s Net Worth

Alex Ovechkin’s net worth is estimated to be around $80 million as per Celebrity Net Worth.com, making him one of the wealthiest players in the NHL. Ovechkin has earned an estimated $161.7 million in salary over his 17-season NHL career through 2024. By the end of the 2024-25 season, his total earnings will surpass $170.7 million, all with the Washington Capitals, the only team he has played for in the NHL.

His rookie contract, signed in 2005, earned him just under $3 million over three seasons. In 2008, he signed a historic 13-year, $124 million extension, paying him an annual salary of around $9 million to $10 million for over a decade. His latest contract, a five-year, $47.5 million deal running through 2021-2026.

Alex Ovechkin’s Salary

In 2024-25, Ovechkin will earn a base salary of $5,000,000 and a signing bonus of $6,000,000, while carrying a cap hit of $9,500,000, as per Spotrac. His contract with the Washington Capitals is worth $47.5 million over five years, with an annual cap hit of $9.5 million. This settlement extension was signed in 2018 following the expiration of his preceding 13-year, $124 million deal. The new settlement ensures Ovechkin's presence with the Capitals until the end of the 2025-26 season when he will be 41 years old.

Alex Ovechkin’s Endorsements

Apart from his NHL salary and contract, Alex Ovechkin has got endorsement offers from major brands which include Nike, Coca-Cola, Fanatics, Hublot, Papa John's, Gillette, Energizer, MassMutual, Electronic Arts, CCM, Bauer, and Upper Deck, as per Forbes and RNMB.

Alex Ovechkin’s investments

• Real Estate: Ovechkin owns multiple properties in the United States and Russia, including an apartment in Miami and a house in Washington, D.C. as per PNMB.

• Venture Global: Ovechkin secured a multiyear marketing deal with Venture Global, a natural gas provider based in Virginia, to support his pursuit of becoming the NHL's all-time leading goal scorer, as per Sports Business Journal.

• Washington Spirit: Ovechkin was initially involved in negotiations to purchase a stake in the Washington Spirit, a professional women’s soccer team. However, the deal fell through due to an ownership dispute and scandal within the team, which eventually led to its sale, as per Just Women's Sports.

Alex Ovechkin’s other sources of income

Ovechkin has launched his clothing brand named OVIGR8, as per his Instagram account. He has a website for his clothing brand which he promotes on his social media. Apart from that, Ovechkin earns through his brand collaboration, return on investments, and NHL contracts.

Alex Ovechkin’s House

Russian NHL star Alex Ovechkin purchased a luxurious home for $4.2 million. The property spans 11,000 square feet and features five bedrooms and 7.5 bathrooms. Apart from that, Ovechkin has invested a portion of his earnings into real estate, owning properties in Russia. He purchased an apartment in Miami, as per PNMB.

Alex Ovechkin’s Car

Off the ice, Alex Ovechkin has a deep passion for cars. He owns multiple high-performance vehicles and considers collecting them his biggest hobby. Among the top-notch vehicles he owns are the Mercedes-Benz G65 AMG, Mercedes-Benz SL65 AMG Black Series, BMW M6, Porsche Cayenne GTS, and Mercedes-Benz S-Class V12S Brabus, as per PNMB.

Alex Ovechkin’s Charity Work

Alex Ovechkin has been deeply committed to charitable work, particularly through his role as an ambassador for the American Special Hockey Association (ASHA) since 2014. His involvement has helped the organization grow from 45 teams in 30 cities to over 125 teams nationwide. Ovechkin covered ice costs for 136 ASHA teams, supporting nearly 8,300 players and coaches. Additionally, Ovechkin created the "Ovi’s Crazy 8s" program in 2016, donating over 5,000 tickets to underserved children in the Washington, D.C. area. His generosity extends to local ASHA teams like the Baltimore Saints and Washington Ice Dogs, ensuring that more children have access to hockey, as per NHL.com.