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Ahead of his US Open debut, world No. 3 Carlos Alcaraz finds himself at the top of a different ranking after Forbes unveiled its list of the world’s highest-paid tennis players over the weekend.

The 21-year-old Spaniard occupies the No. 1 spot for the first time, after earning an estimated $42.3 million (USD)—that’s before taxes and agent’s fees are calculated—over the last 12 months, dating to the 2023 US Open.

Read More: 'N' is for Netflix: New Carlos Alcaraz docuseries in production, set for 2025 release

Alcaraz leapfrogged 37-year-old Novak Djokovic, last year’s top earner, who himself made an estimated $37.2 million in on and off-court earnings during the same period.

While reigning Olympic gold medalist Djokovic may have dominated the on-court battles with $12.2 million of his reported fortune coming from prize money earnings—in contrast to Alcaraz’s own $10.3 million in winnings—it’s clear the younger player has the edge off the court.

WATCH: Alcaraz, Djokovic, Sinner: "This is the new Big Three" | TC Live

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Forbes highlighted the current Roland Garros and Wimbledon champion’s lucrative stable of endorsement deals, which includes blue-chip names like Nike, Rolex, Louis Vuitton and BMW, as well as a deal with Netflix for an upcoming docuseries.

Read More: Gael Monfils says Carlos Alcaraz is “already a legend” like Djokovic, Federer or Nadal

A whopping $32 million of Alcaraz’s estimated $42.3 million came from those off-court ventures—which, according to industry insiders, also feature “a jam-packed schedule of appearances and exhibitions that are believed to pay him $1 million—or even $2 million—just for showing up.”

Check out Forbes' full Top 10 list of the world’s highest paid tennis players—and learn just how much of their earnings also came from off the court:

  1. Carlos Alcaraz — $42.3 million (Off-court: $32 million)
  2. Novak Djokovic — $37.2 million (Off-court: $25 million)
  3. Coco Gauff — $27.1 million (Off-court: $20 million)
  4. Iga Swiatek — $26.7 million (Off-court: $15 million)
  5. Jannik Sinner — $26.6 million (Off-court: $15 million)
  6. Rafael Nadal — $23.3 million (Off-court: $23 million)
  7. Daniil Medvedev — $20.3 million (Off-court: $13 million)
  8. Naomi Osaka — $14.6 million (Off-court: $14 million)
  9. Casper Ruud — $13.9 million (Off-court: $10 million)
  10. Aryna Sabalenka — $13.7 million (Off-court: $7 million)