Lewis Hamilton Net Worth (Money & Salary)
Lewis Hamilton Net Worth (Money & Salary)
February 09, 2022
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Net Worth of Lewis Hamilton: What You Need to Know
When it comes to the net worth of Lewis Hamilton, the British Formula One racing driver is estimated to be worth a staggering $300 million. Hamilton commenced his F1 journey with McLaren and achieved his first F1 Championship victory in 2008 with McLaren, making him the youngest-ever Formula One World Champion at that time. His affiliation with Mercedes from 2013 onwards led to six more Championship wins in 2014, 2015, 2017, 2018, 2019, and 2020. In a surprising turn of events announced on February 1, 2024, Lewis revealed his forthcoming move from Mercedes to rival Ferrari at the culmination of the 2024 season.
Lewis Hamilton’s Earnings and Contracts
As one of the best-paid F1 drivers globally and a top-earning athlete overall, Lewis Hamilton typically earns between $70-90 million annually, with the majority stemming from his lucrative Mercedes contract valued at $60 million per year.
Notably, in July 2023, Lewis penned a two-year deal with Mercedes, fetching him $60 million annually for the 2024 and 2025 seasons. Surprisingly, Hamilton decided to terminate the contract prematurely after just one season, opting to join Ferrari for the 2025 campaign. Rumors are abuzz that Hamilton’s move to Ferrari could see him pocket up to $107 million per season.
Between June 2016 and June 2017, Lewis Hamilton accumulated approximately $50 million from endorsements and prize money. This figure rose to $51 million between June 2017 and June 2018 and further increased to $55 million in the subsequent 12 months.
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Hamilton’s Early Years
Born on January 7, 1985, in Stevenage, Hertfordshire, England, Lewis Carl Davidson Hamilton faced the challenges of a diverse upbringing. Amidst the separation of his parents when he was just two, Hamilton primarily resided with his mother and half-sisters until the age of 12. Subsequently, he relocated to live with his father, stepmother, and half-brother Nicolas. His early exposure to activities like karate, radio-controlled cars, and go-karting laid the foundation for his future racing career. Hamilton’s commitment to skill-building both in sports and academics under his father’s guidance led him to attend The John Henry Newman School in Hertfordshire, followed by further studies at Cambridge Arts and Sciences from 2001.
Hamilton’s Racing Journey
Hamilton’s bold declaration at the tender age of ten, expressing his desire to race for McLaren to Ron Dennis, marked the initiation of a remarkable journey. Joining McLaren’s Young Driver program in 1998, Hamilton eventually became an official Formula One McLaren driver in 2007. Noteworthy as the first and sole black racecar driver in the sport, he clinched the runner-up position in the 2007 season before securing his maiden F1 World Championship triumph in 2008. Subsequent transitions to Mercedes in 2013 set the stage for Hamilton’s back-to-back World Championship victories in 2014 and 2015, followed by consecutive titles in 2017, 2018, and 2019. His astounding seven World Championships achievements, equaling the record set by Michael Schumacher, illustrate his enduring legacy in the sport.
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Hamilton’s multifaceted career also witnessed ventures beyond racing, notably the establishment of his clothing line, TOMMYXLEWIS, in collaboration with renowned designer Tommy Hilfiger during New York Fashion Week in 2018. However, his journey has not been devoid of controversies, with on-track maneuvers and off-track comments often drawing intense scrutiny.
His advocacy for diversity in Formula One racing gained prominence in 2020, symbolized by the introduction of a new all-black Mercedes, named the Black Arrow, as a tribute to the Black Lives Matter movement. This public stance highlighted Hamilton’s commitment to creating a more inclusive environment within the sport.
Despite facing challenges during the 2022 season due to technical regulations changes impacting car performance, Hamilton’s legacy as a dominant force in Formula One remains unparalleled.
Personal Front
Hamilton’s personal life, marked by high-profile relationships with celebrities like Nicole Scherzinger and rumored associations with other public figures, reflects the intertwining of fame and personal experiences in the limelight. Notable for his vegan lifestyle and varied interests beyond racing, Hamilton’s diverse persona continues to captivate audiences worldwide.
Hamilton’s public image has also faced scrutiny regarding his tax affairs and ongoing efforts to redefine his identity through legal name changes, showcasing the evolving facets of his public persona beyond the racetrack.
Intriguing personal trivia, such as his homage to Olympian Carl Lewis through his name, football allegiance to Arsenal, and previous engagements in sports like football and cricket during his formative years, paint a comprehensive picture of Lewis Hamilton both as a sporting icon and a multifaceted individual.
Hamilton was made an honorary citizen of Brazil in June 2022, thanks to politician Andre Figueiredo’s successful proposal passed in the Brazilian Chamber of Deputies. In September 2022, Team X44, launched by Hamilton, competed in the all-electric SUV off-road racing series Extreme E. Team X44 secured second place in the inaugural Extreme E championship and was awarded the Extreme E Sustainability Award in January 2022 for their accomplishments. This success led them to winning the 2022 Championship, as they surpassed RXR, who were disqualified from the race. In the same year, Hamilton became part of the newly established ownership group of the Denver Broncos.
Regarding his real estate ventures, Hamilton listed his New York penthouse in 2019 for $57 million and later sold it in December 2021 for $50 million. He also owns a penthouse at 70 Vestry Street, purchased in 2019 for $40.7 million. Additionally, Hamilton possesses a historic four-story mansion in Kensington, West London, with six bedrooms, built in 1860 and valued at $25 million. Furthermore, he owns properties in Nyon, a suburb of Geneva, Switzerland, and in Monaco, alongside an estate in Colorado where he intends to reside post-retirement.
Hamilton’s impressive car collection, worth a minimum of $40 million, includes notable vehicles such as the 1995 McLaren F1 valued at around $20 million, a Ferrari LaFerrari Aperta worth $4.1 million, a Ferrari LaFerrari valued at $4 million, and other luxury vehicles. The total worth of just eight of his cars amounts to $34.4 million. Lewis Hamilton Net Worth (Money & Salary) Data is sourced from 2023 to 2024, with forecast data extending to 2025, 2026, 2027, and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
