Along with offering a place in the tennis history books, the four Grand Slams - the biggest events on the tennis calendar - also provide serious financial incentives for the champions.
Here is what you need to know about the prize pot on offer at Wimbledon.
Wimbledon dates
The 2023 edition of Wimbledon runs from July 3-16.
Total prize fund
The total prize money is a record 44.7 million pounds ($57.29 million) this year.
It has increased by 11.2 per cent from 2022.
The Chairman of the All England Club, Ian Hewitt, said the goal is to "return the singles champions and runners-up prize money to the levels in 2019 prior to the (COVID-19) pandemic whilst, alongside, providing deserved support for players in the early rounds of the event."
How much the singles players will earn
First round: 55,000 pounds
Second round: 85,000 pounds
Third round: 131,000 pounds
Round of 16: 207,000 pounds
Quarterfinals: 340,000 pounds
Semifinals: 600,000 pounds
Runner-up: 1.175 million pounds
Winner: 2.35 million pounds
Champion's prize as compared to 2022
The winners of the men's and women's singles in 2022, Novak Djokovic and Elena Rybakina, received 2 million pounds each.
What about the other Grand Slams?
The champions of the Australian Open earlier this year received A$2.975 million ($2.05 million), with Djokovic winning the first Grand Slam of the year for the 10th time while Aryna Sabalenka claimed her first major crown.
Djokovic won a record 23rd Grand Slam at the French Open, and Iga Swiatek clinched her third Roland Garros title in June — receiving 2.3 million euros ($2.51 million) in prize money each.
At the US Open last year, Carlos Alcaraz became the second-youngest player to win at Flushing Meadows while Swiatek claimed the women's singles title, receiving $2.6 million each.
Prize money in doubles
First round: 13,750 pounds
Second round: 22,000 pounds
Third round: 36,250 pounds
Quarterfinals: 75,000 pounds
Semifinals: 150,000 pounds
Runners-up: 300,000 pounds
Champions: 600,000 pounds
Prize money in mixed doubles
First round: 4,000 pounds
Second round: 7,750 pounds
Quarterfinals: 16,500 pounds
Semifinals: 32,000 pounds
Runners-up: 64,000 pounds
Winners: 128,000 pounds