Max Verstappen earn $165.5 million as he breaks record of to be F1 world best
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Formula 1 drivers live life on the edge with their high-speed races, and the financial rewards can be equally thrilling. Max Verstappen, the reigning F1 champion, earned an astonishing $110 million following his dominant performance in the 2023 season, winning an incredible 86% of the races. With bonuses and endorsements factored in, Verstappen’s net worth soared to approximately $165.5 million. According to Forbes, his annual contract with Red Bull alone is a staggering $43 million. However, despite Verstappen’s immense wealth, he is not the richest F1 driver in history.
Max Verstappen’s on-track achievements translate into significant financial success off it. Forbes estimates his 2023 earnings, including salary and bonuses, at an impressive $70 million, making him the wealthiest current F1 driver for the second consecutive year. With an estimated net worth of $90 million, Verstappen’s dominance extends beyond the racetrack into wealth accumulation.
British racing icon Lewis Hamilton may not be the richest current F1 driver, but his financial prowess is undeniable. With an estimated $55 million earned on the track in 2023 and a staggering net worth of $285 million, Hamilton’s legacy in the sport transcends mere victories. Seven world championships and numerous endorsements have propelled Hamilton into the upper echelon of F1 wealth.
Despite Max Verstappen’s substantial earnings, he is surprisingly not the richest driver. That title belongs to Michael Schumacher, an era-defining driver for many motorsport fans. The seven-time F1 champion was named the highest-paid athlete by Forbes in 1999 and 2000 and was predicted to be the first billionaire athlete in 2005. In 2017, he was named 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 driver was well-known for his charitable donations, including a $39.5 million donation to UNESCO during his final five years of racing. Schumacher and his family have a worldwide real estate portfolio, and he earned a significant amount through brand endorsements, including an $8.5 million deal to wear a Shell hat and display its logo in nearly all public appearances.