Giovinco surpassed Orlando's Kaka as the highest-paid player in Major League Soccer when Kaka retired at the end of last season. Yet, Ibrahimovic earns approximately only 30 per cent of what Giovinco takes home.
According to figures released by the MLS Players Association, Toronto has two players in the top highest-paid with midfielder Michael Bradley coming in at second on the list with a £4.4million salary but less compensation.
Ibra made the move from Manchester United to the MLS in March and enjoyed roaring success in his debut match for Galaxy, scoring a screamer from 40-yards out.
Despite taking a lower pay-grade than what he was accustomed to at Old Trafford, with the money from endorsements and sponsorship, it's highly unlikely that Zlatan will be having to count out his pennies.
Off the pitch, Ibra has enjoyed his time in the limelight having appeared on several different talk shows and embraced his celebrity status Stateside.