OFFICIAL: World's richest football manager revealed

Athletico Madrid Simeone is the world's richest manager - Atletico Madrid Diego Simeone is the richest manager in the world, with a net worth larger than Manchester City boss Pep Guardiola.

The Argentinian has spent more than a decade as manager of Atletico Madrid, winning two league titles and reaching the Champions League final twice.

Following a below par defence of their league title this season, Simeone will be hoping for European glory.

Regardless of outcome, Simeone remains the richest manager in the world, according to WealthyCelebrity.com, but how does his net worth compare to the rest of the top five.

5th - Jose Mourinho (£19.2m)

One of football's most highly decorated managers, Jose Mourinho has won league titles in Portugal, England, Italy and Spain during his career.

He has also twice won the Champions League, first with Porto before winning the treble with Inter Milan in 2009/10.

Spells with Manchester United and Tottenham Hotspur have also helped the current Roma boss to accumulate a net worth of £19.2million.

4th - Jurgen Klopp (£20m)

Having ended Liverpool's 30-year wait for a league title and delivered the club's sixth Champions League victory, it is perhaps no surprise Jurgen Klopp appears on this list.

The German is now into his seventh season at Anfield and still has just over two years remaining on his current Reds contract.

A new deal could see his net worth climb even higher than £20million, although he has hinted at taking a break from management when his contract expires in 2024.

3rd - Pep Guardiola (£22.7m)

Guardiola has won nine league titles since taking his first steps into senior management with Barcelona in 2008, winning the treble in his first season.

He went on to win another Champions League in his penultimate season at the Nou Camp before the success continued with Bayern Munich and Manchester City.

With City, until recently, the richest club in the world, Guardiola has racked up a net worth of £22.7million after arriving six years ago.

However, his long-term future remains up in the air, with his City contract set to expire at the end of next season.

2nd - Antonio Conte (£25.3m)

Perhaps surprising that he is ahead of Guardiola, Antonio Conte is understood to be the second richest manager in the world with a net worth of £25.3million.

The Italian has an impressive CV, having won league titles in England and Italy, including three in a row as manager of Juventus.

He also enjoyed a lucrative stint as manager of the Italian national team and took over as Tottenham Hotspur manager back in November, signing an 18-month deal.

1st - Diego Simeone (£34.1m)