Max Verstappen net worth 2024 | salary, sponsors & more

The net worth of Max Verstappen

Max Verstappen's financial fortunes have seen a remarkable transformation, skyrocketing from $62 million in 2019 to an estimated astounding $210 million by 2023/2024. This dramatic surge can be credited to his successes in Formula 1, along with lucrative agreements and astute investment decisions, propelling him to the forefront of earnings within his industry.

Let's delve into how Verstappen's net worth is defined.
 

How much does Max Verstappen make?
 

Logically, Verstappen has multiple sources of income, which combined, form the total net worth of the Dutch Formula 1 driver. You should consider the following income sources:
 

• Formula 1 salary
• Bonuses
• Endorsements
• Investments
• Formula 1 prize money
   

Salary of Verstappen

RacingNews365 spoke to various sources within the F1 paddock to obtain an overview of the estimated salaries of all F1 drivers. The estimated salary of Verstappen is $55 million per year, with bonuses excluded. This makes the Dutchman the highest-paid F1 driver on the current grid. Additionally, Verstappen can gain more income through bonuses and F1 prize money. Moreover, he has made investments in, among other things, real estate to grow his income. Combined with these endorsements, this results in an impressive net worth of around $210 million, which, of course, is an estimate and not officially confirmed.

Verstappen's contract length

Currently, Max Verstappen has a long partnership with Red Bull Racing. The Dutchman signed a seven-year contract with the team until the end of the 2028 season. However, there are some rumors that Verstappen might leave earlier, but none of these claims have been confirmed.

Debuting within the Red Bull family in 2015 for Toro Rosso, the Dutch driver became the youngest F1 driver in history at 17 years of age.

Which brands sponsor Max Verstappen

A significant source of Max Verstappen's income comes from his personal sponsors. The Dutchman has collaborated with multiple brands for several years, and we see various promotional materials from them as well. This, of course, contributes to Verstappen's high net worth. Currently, Jumbo is the main sponsor of Verstappen, but they announced they will quit after the 2025 season. Check below to see which well-known brands sponsor him.

Verstappen's own racing team project

Verstappen has elaborated on his plans to establish his own racing team in the future.

The Dutchman recently announced his racing project, aiming to enter it into GT3-class competition starting in 2025. Besides, Verstappen sponsors various young drivers to develop their talent.