Net Worth and Earnings
Lewis Hamilton, the British racing sensation, is not only one of the biggest names in motorsports but also one of the richest athletes in the world. With a net worth of approximately $285 million dollars (£232,000), as of 2023, Hamilton has solidified his position as the highest-earning driver in F1 history. His contract with Mercedes alone nets him £41.6 million each year. It's no wonder he has featured in the Sunday Times Rich List twice in his career, in 2017 and 2021.
A Lavish Lifestyle
Hamilton's immense wealth allows him to indulge in a truly extravagant lifestyle. He boasts an impressive private collection of supercars worth over £13 million, including a Pagani Zonda, a Mercedes-AMG Project One, and a Ferrari LaFerrari. Additionally, he owns a stunning £49.1 million penthouse in New York and a luxurious £19.1 million six-bedroom home in London. Clearly, Hamilton knows how to live in style.
A Record-Breaking Career
Hamilton's success on the race track is equally impressive. The 38-year-old driver has been crowned Formula One world champion a joint-record seven times. He achieved this remarkable feat in 2008, 2014, 2015, 2017, 2018, 2019, and 2020. In 2020, he won the Turkish Grand Prix, putting him on par with the legendary Michael Schumacher. Hamilton's extraordinary achievements were recognized when he was knighted in December 2021 for his services to sport.
Commitment to Mercedes
In August 2023, Hamilton confirmed his commitment to Formula One by signing a mega £100 million contract extension with Mercedes. This deal ensures that Hamilton will continue racing well into his 40s with the team. Reflecting on their success together, Hamilton said, "We dream everyday of being the best and we have dedicated the past decade together to achieving that goal. Our story isn't finished, we are determined to achieve more together and we won't stop until we do."
Hamilton's talent and marketability have attracted numerous lucrative sponsorship deals. He currently has personal endorsements with top brands such as Bose, L'Oreal, Mercedes-Benz, Monster Energy, Police, Puma, Sony, Tommy Hilfiger, and Vodafone-USD. These sponsorship deals alone contribute an additional £16.6 million to his already impressive earnings.
Hamilton's Wealth in Comparison
While Hamilton reigns as the richest F1 driver, there are other Formula One stars who have also amassed considerable wealth. Fernando Alonso tops the list with £216 million, followed by Max Verstappen with £75 million. Sergio Perez, Daniel Ricciardo, and Lance Stroll also boast impressive bank balances, with each earning £62.4 million and £41.6 million, respectively.