Real Madrid has passed Manchester United as the most valuable football team in Forbes’ annual estimates.

Forbes valued Real Madrid at $3.3 billion in its rankings that were released on Wednesday, up from last year’s estimate of $1.88 billion. Manchester United was second at $3.17 billion and Barcelona was third at $2.6 billion.

Among players, David Beckham $50.6 million, Cristiano Ronaldo at $43.5 million and Lionel Messi at $40.3 million are estimated highest earners.AP