PSG's Swedish superstar Zlatan Ibrahimovic is seventh with annual earnings of $47.9m to round out the footballers in the top 10, with Manchester United captain Wayne Rooney the next best in 12th with $35.4m.
Lewis Hamilton's current estimated income of $42m places the British F1 world champion in eighth, but doesn't factor in the new deal that has been struck with Mercedes until 2018 that is speculated to be worth $64m a year, which which would see him split his driver rivals on the list.
Rounding out the top 10 are baseball players, with Clayton Kershaw of the LA Dodgers and the Detroit Tigers' Justin Verlander earning $42m and $38.2m respectively.
Major League Baseball makes up 14 of the top 25 earners while only three NBA players make the list led by Kobe Bryant's $32.12m.
Serena Williams' $12.72m income, reports ESPN, makes her the top-earning women in world sport.
Forbes' 2014 ranking, which includes endorsements along with pay and salary had Mayweather at No 1 ahead of Ronaldo, basketball's LeBron James and then Messi.
The rankings golfers and tennis stars, including Tiger Woods, Phil Mickelson, Roger Federer and Rafael Nadal, who don't make ESPN's rankings, are elevated significantly by sponsors and endorsements.
World's Highest-Paid Athletes
Floyd Mayweather (Boxing) $342m
Manny Pacquiao (Boxing) $204.9m
Lionel Messi (Football) $76.91m
Cristiano Ronaldo (Football) $68.57m
Sebastian Vettel (Formula One) $68.4m
Fernando Alonso (Formula One) $54.6m
Zlatan Ibrahimovic (Football) $47.9m
Lewis Hamilton (Formula One) $42m
Clayton Kershaw (Baseball) $42m
Justin Verlander (Baseball) $38.2m