Highest paid sports stars and athletes in the world – the top 12 revealed

Formula 1 world champion Lewis Hamilton is reportedly set to sign a new contract with Mercedes, worth a staggering £130m over three-years.

It's an eye-watering sum, even by F1 standards.

But how much do the world's highest paid sports stars earn?

Take a look at the countdown of the top 12 highest paid athletes in world sport in the slideshow above.

*Earnings calculated for the year 2014. Figures according to .