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Lewis Hamilton net worth 2024 | salary, sponsors & more

Lewis Hamilton is the most successful Formula 1 driver of his generation, and set to become the all time record holder for race wins and championships. How much is Lewis Hamilton currently worth?

Lewis Hamilton Net worth

The net worth of Lewis Hamilton

Lewis Hamilton has the highest net worth of all the current F1 drivers. In 2024, his net worth is reported to be approximately $285 million. This net worth is defined by his Formula One salary, bonuses, endorsements, investments, and Formula One prize money. Since Hamilton will be joining Ferrari in 2025, it is expected that his net worth will grow even more.

Let's delve into how Lewis Hamilton's net worth is defined.

The sources of income of Hamilton

Logically, Lewis Hamilton has multiple sources of income, which combined, form the total net worth of the Briton Formula One driver. You should consider the following income sources:

  • Formula One salary
  • Bonuses
  • Endorsements
  • Investments in real estate and business ventures
  • Formula One prize money

Seven time World Champion Lewis Hamilton is one of the wealthiest sports stars in the world, as well as in his home country in the UK.

According to the Sunday Times' Rich List for 2020, Hamilton was ranked as the 545th wealthiest person from the UK with a fortune of over £224 million.

This wealth has been amassed over a 15 year at the top level in motorsport, driving for McLaren and Mercedes over those years.

The net worth of Lewis Hamilton

Salary of Lewis Hamilton

Currently, Lewis Hamilton earns an annual salary of $45 million, including bonuses, at Mercedes. The salary of Lewis Hamilton paid by Ferrari in 2025 isn't confirmed yet, and reports still vary enormously. As an illustration, there are discussions regarding salaries ranging from $50 million to $100 million and even higher. During his tenure at Mercedes in 2023, Hamilton reportedly received a base salary of $35 million, excluding bonuses. With his new two-year contract, this figure increased to approximately $45 million per year.

Contract lenght Lewis Hamilton

Hamilton has raced an impressive 10 seasons for Mercedes and will drive his final season for the Silver Arrows in 2024. He nearly holds the record for the most seasons with one team, but Michael Schumacher holds this record with 11 seasons with one team, namely Ferrari. Lewis Hamilton signed a contract to drive for Ferrari from 2025 to 2026. Then, the two sides will evaluate and decide whether to exercise an option for a third year.

Which brands sponsor Lewis Hamilton?

Hamilton has also signed multiple endorsement and sponsorship deals with several luxury companies like Sony, Tommy Hilfiger, Puma and IWC. This contributes heavily to the net worth of Lewis Hamilton. When Hamilton drives for Ferrari in 2025, this list of sponsors could change. Below, you'll find an overview of Lewis Hamilton's sponsors.

Sponsors Lewis Hamilton 2024

Sponsor Confirmed?
IWC (watch manufacturer) Yes
Monster Energy Drinks Yes
Puma Yes
Mercedes-Benz Yes
Tommy Hilfiger Yes
Sony Yes

The highest paid Ferrari driver ever

In 2025, Lewis Hamilton will be joining Ferrari. His exact salary hasn't been confirmed yet, but the numbers differ from $55 to $100 million, including salary, bonuses, sponsors, image rights, and more. Although the exact figure hasn't been confirmed yet, Lewis Hamilton will undoubtedly be the highest-paid Ferrari driver ever. All of his income streams combined have ensured his position as the wealthiest active sportsperson on the Sunday Times Rich List.

2024 F1 driver salaries

How much do the F1 drivers earn in 2024? Find out all F1 driver salaries for 2024 here.

How much will Ferrari pay Lewis Hamilton?

Ferrari will pay Lewis Hamilton a substantial amount. The definitive earnings for Hamilton aren't confirmed yet, but there are talks of $50 million per year or even $100 million per year, including salary, sponsors, image rights, bonuses, and more.

What do Formula 1 drivers earn?

The earnings of Formula 1 drivers vary from $1 million per year for drivers like Logan Sargeant to $55 million per year for the highest-paid driver, Max Verstappen.

Who is the highest-paid F1 driver?

Currently, Max Verstappen is the highest-paid F1 driver on the grid with a salary of $55 million per year. Next year, this record could be overtaken by Lewis Hamilton, who is expected to receive a salary estimated at $55 million or even more, although this has not been confirmed yet.
RESULTS 2024 F1 Monaco Grand Prix - Free Practice 2