Team USA's richest Olympian is knocked out of the Games!

Team USA's Emma Navarro has been knocked out of the Olympic Games after losing to China's Zheng Qinwen 6-7, 7-6, 6-1 in the third round of the women's Olympic singles.

Navarro beat Austria's Julia Grabher in the opening round before securing a victory against Bulgaria's Viktoriya Tomova in the second. The US star will turn her attention to the final major of the season, the US Open, starting in August.

Navarro has been one of the breakout stars in women's tennis in 2024, having reached world number 15 in the ATP Rankings after getting to round four of the French Open and the quarter-finals of Wimbledon.

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The 23-year-old American has previously reached the third round of the Australian Open in January, off the back of winning her maiden WTA title in Hobart.

According to The Mirror, Navarro secured £213,000 (€273,274, $292,277) at the French Open and may have made it further if she hadn't faced world number two Aryna Sabalenka.

For Navarro, money won't be the reason she plays tennis because her dad, Ben Navarro, is one of the most successful businessmen in America.

The US businessman was in attendance to watch his daughter at the French Open, and The Mirror reports he is worth £1.18 billion (€1.4b, $1.5b).

After starting at investment banking firm Goldman Sachs, Navarro founded Sherman Financial Group, a global investment company. He turned CreditOne into a major global brand and founded a company called Beemok, a group that has a growing influence in tennis.

According to Tennis365, Beemok took control of the Charleston Open in 2018 and named it the CreditOne Charleston Open. He also bought the rights to the Cincinnati Masters in 2022.

Despite her father's vast wealth, Emma is carving her own career in professional tennis and may never need a penny of her dad's billion-dollar fortune.

In a chat with Tennis Channel, Emma Navarro said: "He's dropped a lot of knowledge and wisdom on my siblings and me over the years. He's taught me a bunch about the perspective I want to take into things, especially on-court stuff."

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