Max Verstappen is one of the wealthiest F1 drivers with varied estimates of his net worth.
- F1 drivers are not only known for their speed but also their substantial earnings and investments.
- Several racers, including Verstappen, reside in Monaco for financial and privacy reasons.
- Fernando Alonso, with two decades in motorsport, is among the top earners.
- Lewis Hamilton leads the pack with a significant financial footprint.
Max Verstappen stands out as one of the richest Formula 1 drivers with an estimated net worth of up to $210 million as of early 2024. Since winning his first World Championship in 2021, his value has soared. He was recognized by Forbes as the highest-paid Formula 1 driver in 2023, earning a staggering $70 million that year, inclusive of bonuses from a record-breaking season that saw him clinch his third World title. Verstappen resides in tax-friendly Monaco, which helps him retain more of his earnings. Beyond racing, he’s set to launch his own GT team, Verstappen.com Racing, by 2025. He’s also invested in Team Redline, a premier sim racing team.
F1 drivers are some of the biggest earners in sports, often combining their salaries with business ventures to enhance their wealth. Many, like Verstappen, enjoy the financial and privacy benefits of living in Monaco. Their earnings and investments often lead them to appear on Forbes’ list of highest-paid athletes across all fields.
Fernando Alonso, a double World Champion, leverages two decades of motorsport experience with a reported net worth of $260 million. His off-track activities include establishing the Fernando Alonso Sports Complex, featuring a museum and karting circuit, in Spain. He also founded A14 Management, a driver management company aiming to nurture future F1 talent.
Lewis Hamilton tops the list of wealthiest drivers with a reported net worth of approximately $285 million. His journey from humble beginnings, supported by his father’s dedication, has culminated in immense success both on and off the track. Hamilton’s endeavors extend to Mission 44 and the Hamilton Commission, initiatives focused on increasing diversity in motorsport.
These high earnings are not just from their base salaries but are often supplemented by personal sponsorships. Drivers like Sergio Perez and Daniel Ricciardo have secured lucrative deals through personal brands and partnerships. Ricciardo has capitalized on his marketability with several business ventures, including a wine brand and clothing line, bolstered by significant payouts from McLaren.
F1 drivers, through their impressive on-track performances and strategic off-track ventures, have cemented their positions as some of the wealthiest athletes globally.
