31-Year-Old Former Top 10 Surfer Walks From The Woz, Citing Financial Fuckedness   - Stab Mag

Dakoda Walters wins Surf100 presented by Pacifico.

1616 Views

31-Year-Old Former Top 10 Surfer Walks From The Woz, Citing Financial Fuckedness  

“I cannot put my future on the line to reinvest in something so uncertain.”

elsewhere // Apr 30, 2025
Words by Brendan Buckley
Reading Time: 2 minutes

A seaplane is an aircraft designed to take off from and land on water using floats or a boat-like fuselage.

Around 2005, Paul Naude spent three million dollars buying two of them on behalf of Billabong. Meanwhile, Quiksilver got wind of it and rented their own seaplane and planned a surf/content mission to compete with their rival.

This type of aircraft is no longer considered a reasonable investment for surf brands. 

But how much altitude has the surf industry lost in the last 20 years?

Caio Ibelli — who just turned 31 and finished 8th in the world in 2022 — recently announced that he’s going to walk from the WSL due to financial inviability. 

Where to begin? Hmmmm… Lets talk surfing. Surfing grows, it’s an Olympic sport, Brazilian athletes dominate the world circuit and we’ve become a reference on the international scene, but where is our financial incentive? Being a pro surfer is being able to live off surfing. 31 years old today, I cannot put my future on the line to reinvest in something so uncertain. I’m giving up the CS position for now… you can’t invest more than 100 thousand reais to “try” to live from it again, we have bills and commitments. Guess it’s wrong to pay to work. Finally cycles open, cycles close. Will it be that time? I don’t know if this will be goodbye or see ya later but something has to change! In this time I will reconnect with my essence and find my path 🙏

Last year, Caio got bounced by the mid-year cut. He was just behind Sammy Pupo and Ian Gentil, meaning he was one spot away from getting consistent wildcards this year. 

The last time we ran the numbers on the CS, it wasn’t pretty. Only one guy broke even via prize money. And there ain’t too many surfers left getting enough sponsorship dime to foot the bill. 

2016 was Caio’s first year on tour, and his best result was a Finals finish at Bells in 2017.

He will be missed by many, just not John or Gabe, whom he defeated in some crucial heats. 

Comments

Comments are a Stab Premium feature. Gotta join to talk shop.

Already a member? Sign In

Want to join? Sign Up

Advertisement

Most Recent

Joel Parkinson Enters The Confessional | StabMic Ep. 31

“I’m not sure if I’m allowed to tell this story… But I’m gonna do it…

Sep 14, 2026

Julian Wilson Vs Shopify

Rivvia Project's founder on office life, stretching the dollar and their latest team edit.

Sep 14, 2026

The Poor Get Poorer: Does The WSL’s Format Conspire Against Its Losers?

+ How Oscar popped his Berry.

Sep 13, 2026

Surf100 Winner Now Wealthy Enough To Think About Interest Rates

Dakoda Walters enters the next phase of adulthood, while 2500 Pacificos get drained at pace.

Sep 11, 2026

Yago Dora Is Undefeated At Lowers — Does That End This Week?

The cut is here, the bubble is stacked, and one Aussie is two L's away…

Sep 10, 2026

The 2026 $100k Surf100 Finale, Presented By Pacifico

Parko, Noa, Dakoda and Dimitri face off in our audience judged, 100-minute surf exhibition.

Sep 9, 2026

Can Parko Beat The Kids For $100k?

Watch our Surf100 warm-ups.

Sep 8, 2026

Nathan Florence On Why The 10,000 Hour Rule Does Not Apply To Surfing

And how tubes cost him $12,000 per minute.

Sep 8, 2026

How To Watch (& Judge) The $100,000 Surf100 Finale

Everything you need to know before September 9 (PST).

Sep 7, 2026

Go To Lakey Peak For Two Weeks, Accidentally Leave With SEOTY Entry

Watch a dozen or so A+ airs in Makana Franzmann's 'Off Axis.'

Sep 5, 2026

How Zeke Lau Became Surfing’s Villain | StabMic Ep. 30

“Am I happy with the way things played out? Not really.”

Sep 5, 2026

How Will This Weekend’s Hurricane Marie Stack Up Against 2014’s?

We asked Surfline's senior forecaster to discern fact from lineup chatter.

Sep 4, 2026

And Our $12k Kandui Resort Giveaway Winner Is…

Hosing down wildfires in Big Sur.

Sep 3, 2026

Watch: Two Underdogs, One Very Expensive Bone

Dakoda and Dimitri’s thoughts on facing Parko and Noa for a $100K payday.

Sep 3, 2026

Cloudbreak Saves Goofs From Challenger Series Horrors

Cole Houshmand and Erin 'Don't-Call-It-A-Title-Run' Brooks win in Fiji.

Sep 3, 2026

Karma Just Sent Kauli Vaast A Lump Sum

Perfect 10s, ankle sprains, and a rising swell in Fiji

Sep 2, 2026

Watch: EAST Starring Harry Bryant, Episode Two

This is not a fin test.

Sep 1, 2026

Fiji Lately: World Champs Out, Bar Tabs Up, Swell Inbound

Eight heats in 96 hours; or the glorious doldrums of Tavarua laydays. 

Aug 31, 2026
Advertisement