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

EAST with Harry Bryant coming August 18...

1543 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

Tosh Tudor on Foamball Spirituality, Giving Up Weed, And Learnings From His Father

Veteran surf journo Matt George caught up with Tosh in between Indonesian sessions.

Aug 1, 2026

Watch: Ryan Callinan in ‘Interim’ 

What has your favorite surfer’s favorite goofyfoot been up to?

Jul 31, 2026

Can Karma Decide Who Wins A Surf Contest?

If last year's Rip Curl Padang Cup is anything to go by, don't rule it…

Jul 30, 2026

Surf100 Changed My Mind About Zeke Lau

How does our production team really feel about the 6'2 Hawaiian?

Jul 29, 2026

Why CT Surfers Threatened To Boycott The ISA World Games

And how it will affect the level of surfing in the 2028 Olympics.

Jul 29, 2026

What’s Coming To Stab Premium 

The hard drive-release pipeline for the next five months.

Jul 28, 2026

2026 Surf100 Challenge Series Presented By Pacifico, Episode 05

As cold and as perfect as waves in the US get.

Jul 27, 2026

From The Championship Tour To Louis Vuitton | Mikey February | StabMic Ep. 24

Did LV rip off Vans?

Jul 27, 2026

The Great Shark Debate: To Cull or Not to Cull? 

Dr Michael Mehmet vs Fred Pawle.

Jul 26, 2026

Rasta’s Shark Theory

Return to your animal, trust your instincts.

Jul 25, 2026

How To Shark-Proof Your Next Surf*

Shark policy aside, what tech, gadgets and gear can actually keep you safe?

Jul 25, 2026

Good Luck Killing The US Open

A preview of the 2026 US Open of Surfing at Huntington Beach.

Jul 24, 2026

Mateus Herdy Heads Home

A profile on the Florianopolin CT rookie, his rich orbit of influences, and Yago Dora’s…

Jul 24, 2026

Response: A Shark Cull Won’t Make Our Beaches Safer

Science over sensationalism.

Jul 23, 2026

Op-ed: Why Australia Needs More Shark Nets

An unapologetic take on the need for safer lineups.

Jul 23, 2026

How Reunion Island Survived Shark Purgatory

With more shark attacks per capita than anywhere else on Earth, it's taken millions to…

Jul 22, 2026

Introducing EAST’s First Goofyfoot Test Pilot: Harry Bryant

“My life’s already a board test.”

Jul 22, 2026

The Trauma Gap: Surviving vs Seeing Shark Attacks

Three witnesses recall the incidents that changed them.

Jul 21, 2026
Advertisement