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Michael Schumacher net worth

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 2002

What is Michael Schumacher's net worth?

One of the most famous names to ever take the F1 grid, Michael Schumacher set the bar when it comes to success. The German's legendary career saw him win two championships with Benetton, but it's his time with Ferrari that set him apart from his peers.

Schumacher won five consecutive World Championships with the Scuderia, and at one point he was the second-highest earning sportsperson in the world. In 2005, Eurobusiness magazine named him the world's first billionaire athlete.

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.

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.

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.

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How much do the F1 drivers earn in 2022? Find out all F1 driver salaries for 2022.

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