India skipper Mahendra Singh Dhoni, with earnings of $ 31.5 million, has been ranked at 16th place on Forbes’ list of highest-paid athletes, which has been topped by golfer Tiger Woods.

The magazine said 31-year-old Dhoni moved up 15 positions this year. In 2012, he was placed at 31st position.

The influential business magazine estimated that Dhoni made $ 31.5 million over the last year from prize money and endorsements.

37-year-old Woods made $ 78.1 million, followed by tennis star, Roger Federer at $ 71.5 million. Kobe Bryant, American professional basketball player, is third at $ 61.9 million.

Federer had topped the 2012 list.

This year’s 100-strong list features just three women led by Tennis ace Maria Sharapova, who ranks No 22 with earnings of $ 29 million.

Sharapova is joined by No 68 Serena Williams, who raked in $ 20.5 million, including $ 8.5 million in prize money.

China’s Li Na ranks 85th overall with earnings of $ 18.2 million.

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