Over the years, Sir Lewis Hamilton has risen to become one of the highest-paid athletes globally. His net worth is not just the result of his success on the Formula 1 track, but also his savvy brand partnerships, investments, and other ventures. Let’s take a closer look at how he has accumulated his impressive fortune.
Formula 1 Earnings
Lewis Hamilton began his Formula 1 career at McLaren in 2007, where he earned a modest $4 million per year. His salary increased to $5 million in 2008, and after clinching the World Drivers’ Championship that year, it soared to $18 million in 2009. However, these figures pale in comparison to his earnings in recent years. Since joining Mercedes in 2013, Hamilton’s base salary has been $26 million annually, with a peak of $76 million in 2020. Over his 17-year career, the Brit has earned more than half a billion dollars from his racing contracts alone, totaling $577,160,000. This averages out to an impressive $33,950,588 per year.
Lewis Hamilton has signed a new deal with Mercedes that could be worth up to £40m-a-year.https://t.co/ROj9KsXJik pic.twitter.com/TIIXWMsmUa
— BBC Sport (@BBCSport) July 19, 2018
Brand Deals
Lewis’ success on track has translated into significant off-track earnings as well. His global popularity has attracted partnerships with high-profile brands such as Tommy Hilfiger, Monster Energy, Bose, and Puma. These endorsement deals add an estimated $10 million annually to his income. These collaborations not only boost his net worth but also enhance his visibility at red carpet events, fashion shows, and other high-profile appearances.
Property Portfolio
Hamilton’s net worth extends beyond racing and endorsements. He owns a collection of luxury properties across the globe, providing him with lavish retreats during his downtime. His primary residence is in Monaco, but he also owns a luxurious penthouse in Manhattan and a mansion in West London, along with several properties in Geneva. Altogether, these real estate investments are valued at over $70 million.
Additionally, the 7-time world champion has a penchant for fast cars, not just on the track but also in his personal collection. His garage boasts a Pagani Zonda, Ferrari LaFerrari, McLaren P1, Ford Mustang Shelby GT500, and two Shelby Cobras. However, in line with his advocacy for environmental sustainability, Hamilton has recently shifted his focus towards electric vehicles. He has also dedicated himself to donating to the less fortunate in the world.
Lewis Hamilton is 5th on The Sunday Times’ 2022 Giving List for most charitable donations.
He’s donated almost 7% of his 2022 wealth 👏👑 pic.twitter.com/R93AhnkUZk
— ESPN F1 (@ESPNF1) June 15, 2022
Net Worth
Considering his substantial earnings from Formula 1, lucrative brand deals, and valuable properties, Lewis Hamilton’s net worth is estimated to be just under $300 million. This places him among the wealthiest Formula 1 drivers in history.
