Things are not all rosy in Turin, however, with Ronaldo's big-money switch having already provoked criticism from Fiat workers in Melfi, who have gone on strike in protest at the extravagant signing.
The Italian club will also pay additional $19 million as part of FIFA's solidarity mechanism.
The union also mentions "huge economic sacrifices" being made by workers at the same time €112m is being spent on Ronaldo. The motoring giant has been forced to lay off thousands of workers over the years over the company's lack of new auto models. The factory is just one of seven Fiat Chrysler plants in Italy and the USB does not represent many workers there.
Fiat has promised that, with its new investment scheme, all employees will be able to return to full employment by 2022.
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"The owners should invest in vehicle models that guarantee the future of thousands of people rather than enriching only one", a statement from the striking USB union said.
Both Fiat Chrysler (FCA) and Juventus are controlled by Exor, the investment holding of Italy's Agnelli family, which owns almost 30 percent of the carmaker and 64 percent of the soccer team.
Ronaldo's decision earlier in the week sent shockwaves throughout world football, with many expecting the 33-year-old would head back to the English Premier League upon his exit from Real Madrid. The plant manufactures two Fiat models, the Punto and the 500X, according to the BBC.
Born on the Portuguese island of Madeira, where the airport is named after him, Ronaldo has had a successful career at Real Madrid, scoring 450 goals in 438 games for the club.