Cannavaro had a distinguished career as a player, winning the Ballon d'Or in 2006 after leading Italy to World Cup glory, and he has been involved in coaching since retiring as a player in 2011.
Fabio Capello and Manuel Pellegrini take joint second place, making €10million each for their work at Hebei China Fortune and Jiangsu Suning.
These wages go far enough to make Cannavaro the fourth most highly-paid manager in the world. Premier League duo Pep Guardiola and Jose Mourinho both earn around the €16million mark to take second and third place, respectively.
To find the man in the number one spot, you must go back to China. National team manager, Marcello Lippi is paid a huge €20million per year to take charge of 'Team Dragon'. Lippi was Cannavaro's manager when Italy won the World Cup, and he has built up an impressive CV as a player and manager in Serie A.