Lewis Hamilton Net Worth (Money & Salary)

Lewis Hamilton Net Worth (Money & Salary)

Title: Lewis Hamilton Net Worth (Money & Salary)
Last Updated: February 5, 2025


What is Lewis Hamilton’s Net Worth?

A British Formula One racing driver, Lewis Hamilton has amassed a net worth of $300 million. He began his F1 journey with McLaren and clinched his first F1 Championship in 2008, making history as the youngest Formula One World Champion at that time. In 2013, he made the switch to Mercedes, where he secured six additional Championships (2014, 2015, 2017, 2018, 2019, 2020). On February 1, 2024, it was announced that Lewis would transition from Mercedes to rival Ferrari at the conclusion of the 2024 season.

Salary & Contracts

Ranked among the highest-paid F1 drivers globally, Lewis is also among the richest athletes. In an average year, he earns between $70-90 million, primarily from his Mercedes contract, which brings in $60 million annually.

In July 2023, Lewis inked a two-year deal with Mercedes, guaranteeing him $60 million per year for the 2024 and 2025 seasons. However, in a surprising move, he decided to exit the contract after just one season, opting to join Ferrari for the 2025 season, where his earnings could reach up to $107 million annually.

Between June 2016 and June 2017, Hamilton generated around $50 million from endorsements and prize money, followed by $51 million from June 2017 to June 2018. The subsequent year, he earned $55 million.

Lewis Hamilton

Clive Mason/Getty Images

Early Life

On January 7, 1985, Lewis Carl Davidson Hamilton was born in Stevenage, Hertfordshire, England. His mother, Carmen, is Caucasian, while his father, Anthony, is Black. Hamilton identifies as Black. When he was two years old, his parents separated, and he lived with his mother and half-sisters until he reached the age of 12, after which he moved in with his father, stepmother, and half-brother Nicolas. At the young age of five, Hamilton took up karate for self-defense due to being bullied at school. When he was six, his father gifted him a radio-controlled car, and the following year he placed second in the British Radio Car Association championship. That same Christmas, he received a go-kart from his dad. Anthony Hamilton committed to supporting his son’s racing ambitions, provided Lewis excelled in his studies. Lewis attended The John Henry Newman School, a Catholic secondary school in Hertfordshire, and played football (soccer) there. In early 2001, he enrolled in Cambridge Arts and Sciences.

Career

Legend has it that Lewis Hamilton approached Ron Dennis, the McLaren racing team principal, declaring, “I want to race for you one day… I want to race for McLaren one day.” That’s an audacious statement for any young driver, particularly from someone who was just ten years old.

Hamilton joined the McLaren Young Driver program in 1998 and became an official Formula One driver in 2007. He is recognized as the first and only Black racecar driver in the sport’s history. In the 2007 season, he finished as runner-up to Kimi Räikkönen. The following year, in 2008, Hamilton captured his first F1 World Championship, triumphing in the final race of the season. He made the move to Mercedes in 2013, where he won consecutive World Championships.

In 2014 and 2015, titles were secured. Hamilton achieved consecutive championships for the second time in his career in 2017 and 2018, followed by another victory in 2019. As of now, he has clinched seven World Championships, placing him in a tie with Michael Schumacher for the record.

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Getty

In 2018, during New York Fashion Week, Hamilton introduced a clothing line named TOMMYXLEWIS in collaboration with American fashion designer Tommy Hilfiger, featuring models Winnie Harlow and Hailey Baldwin.

Throughout his career, Lewis Hamilton has faced controversies related to his actions on the track as well as his statements off it. Existing prominently in the public eye, his comments are frequently subject to intense scrutiny.

While competing in Spain, Hamilton experienced racial abuse from certain Spanish fans. His fierce rivalry with Spanish racer Fernando Alonso fueled this abuse from supporters. He acknowledges his competitiveness and admits it can sometimes create friction with fellow drivers.

Just a week prior to the 2018 German Grand Prix, Hamilton finalized a two-year extension to his contract with Mercedes, reportedly valued at nearly $50 million annually.

In June 2020, Hamilton announced his participation in a newly designed all-black Mercedes to show support for the Black Lives Matter movement. He has been outspoken regarding the lack of diversity in Formula One racing. The vehicle, referred to as the Black Arrow, was conceptualized by Hamilton and made its premiere in Austria over the 4th of July weekend as the delayed Formula One season commenced.

In 2022, technical regulations underwent major revisions, resulting in new car designs that caused Hamilton to struggle throughout much of the season. While he secured nine podium finishes, it marked the first time in his Formula One journey that he did not win a race or achieve pole position.

Personal Life

Hamilton began dating Nicole Scherzinger, the frontwoman of the American girl group the Pussycat Dolls, in November 2007. They parted ways in early 2010 to concentrate on their careers but were seen together at that year’s Turkish and Canadian Grands Prix. The couple’s relationship saw several breakups and reconciliations from 2011 to 2015, ultimately ending in February 2015.

After separating from Scherzinger, there were rumors of a brief romance with his longtime friend Rihanna. Allegations of relationships with Rita Ora, Miss Finland Lotta Hinsa, Miss Grenada 2007 Vivian Burkhardt, model Winnie Harlow, Hungarian model Barbara Palvin, and Sofia Richie also emerged. He was additionally linked romantically to Nicki Minaj, with whom he shared a vacation in Dubai.

Hamilton follows a vegan diet.

Some Members of Parliament have criticized Hamilton for avoiding U.K. taxes by residing outside the country.

His name, Hamilton, was inspired by Olympic sprint champion Carl Lewis.

A supporter of Arsenal, Hamilton expressed that if he hadn’t pursued a career in Formula One, he might have become a footballer or a cricketer, having played both sports in high school.

In 2022, Lewis disclosed his intentions to legally change his name to incorporate his mother’s maiden name, Larbalestier, as a middle name.

In June 2022, he was granted honorary citizenship of Brazil following the passage of a proposal by politician Andre Figueiredo in the Brazilian Chamber.

of Deputies.

In September 2022, Hamilton unveiled Team X44, aimed at participating in the all-electric SUV off-road racing series known as Extreme E. The inaugural Extreme E championship saw Team X44 finishing in second place, and in January 2022, they were honored with the Extreme E Sustainability Award. Ultimately, they clinched the 2022 Championship, outpacing RXR, who faced disqualification from the race.

Moreover, in 2022, Hamilton became a member of the newly formed ownership group for the Denver Broncos.

Lewis Hamilton WealthLewis Hamilton Wealth

Mark Thompson/Getty Images

Real Estate

Hamilton put his New York penthouse on the market for $57 million in 2019. Situated in the same Tribeca building as Justin Timberlake and Jessica Biel, as well as Meg Ryan, Jake Gyllenhaal, and Bella Hadid, this 8,900-square-foot unit stands as the largest penthouse loft in the building. He purchased it for $43.9 million in 2017 and sold the property in December 2021 for $50 million. Reportedly, he never occupied the unit, likely because he also owns a nearby penthouse at 70 Vestry Street, acquired in 2019 for $40.7 million.

In Kensington, West London, Hamilton owns a four-story mansion featuring six bedrooms, built in 1860 and valued at $25 million.

Additionally, Hamilton possesses apartments located in Nyon, a suburb of Geneva, Switzerland, and Monaco. He also has an estate in Colorado, which he plans to inhabit post-retirement.

Personal Car Collection

Based on the automobiles he has shared on social media or officially confirmed as his, Lewis Hamilton’s car collection is valued at no less than $40 million. His 1995 McLaren F1 alone is appraised at approximately $20 million. Below are some notable vehicles from his collection:

  • 1995 McLaren F1 – $20 million
  • Ferrari LaFerrari Aperta – $4.1 million
  • Ferrari LaFerrari – $4 million
  • Mercedes-AMG One – $2.7 million
  • McLaren P1 – $1.8 million
  • 1967 Ford Mustang Shelby GT500 – $1.4 million
  • Mercedes-AMG SLS Black – $270,000
  • AC 1966 Shelby Cobra 427 – $100,000

The total value for just these eight vehicles amounts to: $34.4 million

 


Lewis Hamilton Net Worth (Money & Salary)

Thank you for reading this article titled: Lewis Hamilton Net Worth (Money & Salary)

Data is sourced from 2023 and 2024, with forecast data extending to 2025 and 2026. Additionally, we broaden the forecast data to include 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.


 


 
Post Title: Lewis Hamilton Net Worth (Money & Salary)
Last Updated: February 5, 2025

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