Formula One drivers are known for putting their lives at risk every time they step behind the wheel. It comes as no surprise that winners like Max Verstappen earn hefty paychecks as a result.
Following Max Verstappen’s dominant championship win in 2023, Red Bull reportedly pocketed a whopping £110 million.
Verstappen’s performance in 2023 was exceptional, with 19 wins out of 22 races, marking an 86 percent win rate – surpassing Alberto Ascari’s 1952 record of 75 percent.
As a result of his impressive victories, Verstappen added substantial bonuses to his bank account.
But how much is this serial winner really worth?
What is Max Verstappen’s net worth?
Max Verstappen has held the title of the most lucrative F1 contract for the past two seasons, earning him an approximate net worth of £165.5 million.
As a four-time champion, Verstappen is an ambassador for EA Sports and has numerous personal sponsors that contributed to his inclusion in Forbes’ 2023 list of top young sports earners.
In addition to his racing success, the 26-year-old has a keen interest in cars, boasting a collection worth around £2.3 million. Not to mention, the Dutchman has also invested in his own GT team.
Residing in Monaco, Verstappen’s luxurious lifestyle reflects his staggering earnings, with reports indicating his contract with Red Bull is valued at around £43 million annually.
Who is the richest F1 driver?
Despite his vast earnings, the richest F1 driver is not Max Verstappen, but rather Michael Schumacher.
A legendary figure in motorsport, the seven-time F1 champion was once named the highest-paid athlete by Forbes and was even predicted to be the first billionaire athlete at one point.
Although Schumacher has not been seen publicly since his skiing accident in 2013, he was known for his philanthropic efforts, including a £39.5 million donation to UNESCO in his final five years of racing.
With a lucrative portfolio of real estate worldwide and numerous brand endorsements under his belt, such as an £8.5 million deal with Shell, Schumacher’s wealth surpasses that of any other F1 driver.
The top 5 richest F1 drivers are as follows:
- Michael Schumacher: £462.5m
- Lewis Hamilton: £224.7m
- Fernando Alonso: £205m
- Max Verstappen: £165.5m
- Kimi Raikkonen: £140.6m
What is the F1 2024 calendar?
Below is the full race calendar for the F1 2024 season:
