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Michael Schumacher net worth | salary, sponsors & more

Arguably the greatest F1 driver in history, Michael Schumacher made a lasting impact on the sport that continues to be felt today. The German defined excellence during the course of his exceptional career, claiming 68 pole positions, 91 victories and a joint-record seven World Championships.

Michael Schumacher Mercedes © XPBimages

The net worth of Michael Schumacher

One of the most famous names to ever take the F1 grid, Michael Schumacher set the bar when it comes to success. The German was the first athlete ever to become a billionaire. At the peak of his career, he made $80-$100 million per year. After retiring in 2006, the German returned to F1 in 2010 when he joined Mercedes. Schumacher hung up his gloves for good in 2012, but his brand has continued to grow since, with his net worth currently estimated at around $780 million.

Besides, he owns several luxury mansions on the shore of Lake Geneva and a personal island in 'The World' off the coast of the United Arab Emirates.

What was the salary of Michael Schumacher?

Schumacher drove for multiple Formula One teams, namely Ferrari, Mercedes, and Benetton. His salary varied per team and increased as he gained popularity through his legendary wins. In the overview below, you'll find the estimated salary per team.

Salary of Michael Schumacer

Team Years Estimated salary per year
Benetton 1991 - 1995 (except 1993) $1-2 million
Ferrari 1996 - 2006 $30 -38 million
Mercedes 2010 - 2012 $10 - 12 million

Donations to charity 

Schumacher holds a unique role as a special ambassador to UNESCO, contributing 1.5 million euros to support their initiatives. He has extended financial assistance to child war victims in Sarajevo and donated $10 million for relief efforts following the 2004 Indian Ocean earthquake. Between 2009 and 2013, it is reported that he donated an additional $50 million to various causes.

Michael Schumacher net worth

How much did Michael Schumacher earn in F1?

During his racing career, Schumacher is said to have earned $10m a year just from wearing a Shell-branded cap in public. While racing for Mercedes, it's said that he earned $20m a year from the team, along with an additional $8m for wearing a Deutsche Vermögensberatung cap. At the peak of his career, he made $80-$100 million per year.

Enormous medicall bills for Schumacher

According to The Sun, Michael Schumacher has already spent over $16.8 million in medical bills ever since his skiing accident. Recently, there have been no updates about the health of the legendary German driver.

The main sponsor of Michael Schumacher remains

A lot of personal sponsors have withdrawn their sponsorship with Michael Schumacher or negotiated a reduction in the amount paid to the driver. However, the brand Vermögensberatung remains the main sponsor of the German and helps Mick Schumacher throughout his career. In the overview below, you will find the brands that used to sponsor Michael Schumacher.

Which brands used to sponsor Michael Schumacher?

Sponsor Description
Audemars Piquet Luxury watchmaker
Hormann German door manufacturer
Jet Set Modelabel
Navyboot Modelabel
Rosbacher Bottled mineral water
Erlinyou Class navigation functions
Vermongensberatung German wealth advisors

Who is the richest F1 driver ever?

Michael Schumacher is thought to be the richest F1 driver ever and became the first billionaire athlete. He dominated F1 in the early 2000s and won seven world titles.

Is Michael Schumacher a billionaire?

Yes, Michael Schumacher was the first billionaire ever. The legendary German driver made more than $1 billion during his career.
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