FORMULA ONE racers put their lives on the line every time they jump behind the wheel – so it only makes sense that winners such as Max Verstappen earns large amounts.
Red Bull earned a reported £110million following Max Verstappen‘s dominant championship win during the 2023 campaign.
GettyMax Verstappen won 86% of the 2023 F1 races[/caption]
The F1 icon won 19 of last year’s 22 races which meant that he finished first in 86 percent of the races – smashing Alberto Ascari’s 1952 record of 75 percent.
And in doing so, Verstappen added a lot of first-place bonuses to his bank account.
But just how much is the serial winner worth?
What is Max Verstappen’s net worth?
Max Verstappen has commanded the most lucrative F1 contract for the past two seasons when accounting bonuses which has taken his net worth up to approximately £165.5million.
The four-time champion is an ambassador for EA Sports and has a host for personal sponsors, all of which helped him earn a place in Forbes’ 2023 list of sports top young earners.
Verstappen, 26, also has a great affinity of cars, with his collection to be worth around £2.3m and the Dutchman has even invested in his own GT team.
He resides in Monaco which says it all for the type of lifestyle he lives – not cheap at all.
Reports suggest that Verstappen’s contract is worth around £43m a year with Red Bull.
GettyMax Verstappen’s contract figures are staggering[/caption]
Who is the richest F1 driver?
For all of Max Verstappen’s earnings, the 2023 F1 championship winner is surprisingly not the richest driver – Michael Schumacher is.
An era-defining driver for many fans of motorsport, the seven-time F1 champion was named the highest-paid athlete by Forbes in 1999 and 2000 and even predicted to be the first billionaire athlete in 2005.
In 2017, he was named as the fifth-highest athlete of all time in terms of career earnings, but he has not been seen publicly since his life-changing skiing accident in 2013.
The German was well-known for his charitable donations, including a £39.5m donation to UNESCO during his final five years of racing.
Predictably, Schumacher and his family have a worldwide real estate portfolio, while Schumacher also earned a staggering amount through brand endorsements, including a £8.5m deal to wear a shell hat and show its logo in nearly all public appearances.
Here is the top 5:
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 entire race calendar for the F1 2024 season:
Complete F1 2024 race calendar – details on every Grand Prix and start time this year