Michael Schumacher Net Worth 2024

(Photo : PAUL CROCK/AFP by way of Getty Images) MELBOURNE, AUSTRALIA: Formula One World Champion Michael Schumacher of Germany smiles within the Ferrari storage forward on the eve of the primary apply session of the 2005 Australian Formula One Grand Prix in Melbourne, 03 March 2005.

Racing driver Michael Schumacher, greatest recognized for his stint with Scuderia Ferrari, is considered the best Formula 1 driver of all time.

The German-born racer shares the document for essentially the most Driver’s championships, having gained seven titles, a feat additionally achieved by Lewis Hamilton.

After profitable back-to-back Drivers’ titles with Benetton in 1994 and 1995, Schumacher moved to the struggling Ferrari group in 1996. The preliminary years had been characterised by falling in need of the championship.

As the brand new millennium started, Schumacher and Ferrari initiated a exceptional turnaround to one of the dominant stretches in Formula 1 historical past, securing 5 consecutive Drivers’ and Constructors titles from 2000 to 2004.

Schumacher introduced his preliminary retirement from the game in 2006 earlier than briefly returning with Mercedes from 2010 to 2012.

At the time of his closing retirement from the game in 2012, Schumacher held a number of distinguished information in Formula 1, together with essentially the most wins (91), pole positions (68), and podium finishes (155).

Furthermore, he nonetheless retains the document for the best variety of whole quickest laps with 77, amongst different notable achievements.

Being one of the profitable Formula 1 drivers of all time, how a lot is Michael Schumacher’s internet price in 2024?

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Michael Schumacher’s Net Worth 2024: $600 million

The 54-year-old Schumacher is price $600 million as of 2024, in line with a number of respected sources resembling Celebrity Net Worth, Market Realist, Wealthy Gorilla, and Chase Your Sport.

At the peak of his profession within the early 2000s, Schumacher earned roughly $80 to $100 million yearly from his Ferrari wage and an intensive array of endorsements and sponsorships. Notably, he acquired a staggering $10 million yearly merely for donning a Shell-branded cap in public.

During his transient comeback with Mercedes from 2010 to 2012, it was reported that Schumacher earned $20 million per 12 months from the group. Additionally, he acquired an additional $8 million for sporting a cap with the emblem of the German monetary companies firm Deutsche Vermögensberatung.

Michael Schumacher’s Wealth

Schumacher stands because the eleventh highest-earning athlete of all time throughout all sports activities, in line with a 2022 estimate by Sportico.

Over his 21-year Formula 1 profession, from 1991 to 2012, he accrued $810 million in earnings from each endorsements and wage with out accounting for inflation.

The lifetime of the seven-time world champion took a dramatic flip on December 29, 2013, following a snowboarding accident within the French Alps whereas together with his son Mick.

Schumacher fell, hanging his head on a rock, leading to a extreme traumatic mind damage.

Since the incident, Schumacher hasn’t been seen in public for over a decade. His spouse, Corinna, has offered off a number of of their property, notably a $49 million non-public jet and a trip residence in Norway.

The household has determined to maintain Schumacher’s well being particulars confidential. However, a number of distinguished F1 personalities, together with former Ferrari group principal Jean Todt, have visited him and expressed that he’s not the identical anymore.

Currently, the racer receives round the clock care from a devoted group of medical doctors and nurses at his dwelling in Gland, Switzerland, the place he encounters challenges with speech and mobility.