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Henok Mulubrhan vs Mads Pedersen

Henok MulubrhanMads Pedersen
Salary 2026€718k Model€2.5M Reported
Market value 2026€1.1M Model€3.3M Model
Salary against market value-32%-23%
TeamXDS AstanaLidl-Trek
Rolekey climber / super-domestiquetier-one leader
Age2630
NationalityEritreaDenmark
Contract toend of 2027 (announced Oct 2025)end of 2029 (announced May 2025)
Prize money generated, 2026€35k€88k
Prize money received, 2026 Model€16k€26k
PCS rank#101#21

Salary: gross base salary, before tax. Reported or Press estimate when the press published it, Model when it is our estimate; market value is always our model. How the model works · How wrong it is. Prize money generated: what the rider won at WorldTour and ProSeries races, pooled with the team, not kept.

Mads Pedersen earns more: €2.5M a year against €718k for Henok Mulubrhan, 248% more. Mads Pedersen's figure is reported in the press; Henok Mulubrhan's is our model estimate. Henok Mulubrhan is younger: 26 against 30. Henok Mulubrhan's contract runs out earlier, at the end of 2027; Mads Pedersen's runs to the end of 2029. Henok Mulubrhan has the larger gap between salary and market value: his salary is 32% below his market value, against 23% below for Mads Pedersen.

Questions

Who earns more, Henok Mulubrhan or Mads Pedersen?

Mads Pedersen earns more: €2.5M a year against €718k for Henok Mulubrhan, 248% more.

Who has the higher market value, Henok Mulubrhan or Mads Pedersen?

Mads Pedersen: €3.3M against €1.1M for Henok Mulubrhan. Market value is our model's estimate of what the same job would cost on today's results.

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