13847 - Schumacher second in all-timer earners list

Michael Schumacher has been pipped at the post in the race to be the world's richest sportsman.

According to the Sunday Times' annual listings, the seven time world champion's US$823 million in career earnings is beaten only by golfer Tiger Woods who has earned US$869 million.

And the Sunday Times said the pair have each earned considerably more than other high-earning sportsmen, including Michael Jordan (US$516m), Roger Federer (US$316m) and David Beckham (US$258m).

Formula One's two other representatives, Fernando Alonso and Kimi Raikkonen, were at the lower end of the top-20 list, with their respective earnings at about US$161 million apiece.

McLaren's world champions Lewis Hamilton (US$89m) and Jenson Button (US$85m), meanwhile, appear only on the list for British sportsmen, and they are both outpaced by the US$129m earned by former Ferrari driver Eddie Irvine mainly through property investment.