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The Egypt international is expected to earn a total sum of $41 million in salary and endorsements for the 2021/22 season.
Despite being the only African footballer on the list, Salah comes in fifth place when considering the highest-paid players in the world.
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Liverpool star Mohamed Salah controls the ball during a drawn English Premier League match against Chelsea at the weekend
The ranking which was released this week has Manchester United’s Cristiano Ronaldo emerging as the highest-paid footballer for 2021.
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The Portuguese is back on top after overtaking long-time rival Lionel Messi, who is now the second-highest-paid footballer.
In its latest list of top-earning footballers in 2021, Forbes noted that Ronaldo will earn $125 million (£91.5m) before taxes this season, with $70m (£51.25m) of that coming from his salary and bonuses.
Messi is also expected to earn $110m (£80.5m), while Neymar is third with earnings of $95 million for the season.
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Liverpool's Mohamed Salah
The Brazilian superstar’s PSG teammate Kylian Mbappe is fourth with $43 million and Liverpool’s Mohamed Salah is fifth at $41 million.
The list of top 10 highest-earning footballers is completed by Robert Lewandowski, Andres Iniesta, Paul Pogba, Gareth Bale and Eden Hazard in that order.
Below is Forbes’ list of top 10 highest-paid footballers in the world in 2021:
Cristiano Ronaldo - $125 million
Lionel Messi – $110 million
Neymar - $95 million
Kylian Mbappe - $43 million
Mohamed Salah - $41 million
Robert Lewandowski - $35 million
Andres Iniesta – $35 million
Paul Pogba - $34 million
Gareth Bale - $32 million
Eden Hazard - $29 million