Lewis Hamilton, a British Formula One racing driver, has an impressive net worth of $300 million. He made his name in Formula 1, initially racing for McLaren, where he won his first World Championship in 2008, becoming the youngest-ever F1 champion at the time. He later moved to Mercedes in 2013, where he secured six more titles, becoming one of the most successful drivers in the sport’s history. As of February 2024, Hamilton announced he would be moving to Ferrari at the end of the 2024 season, signaling the next chapter of his career.
Salary and Contracts
Hamilton is one of the highest-paid athletes globally, earning between $70 million and $90 million annually. Most of his income comes from his Mercedes contract, which pays him $60 million per year. In July 2023, he signed a two-year deal for $60 million per year, but plans to join Ferrari for 2025, where he could make up to $107 million annually. In addition to his salary, Hamilton has consistently earned millions from endorsements, with earnings of around $50 to $55 million annually between 2016 and 2018.
Early Life and Breakthrough
Born on January 7, 1985, in Stevenage, Hertfordshire, England, Hamilton was raised by his mother after his parents separated when he was young. He developed an early interest in racing and began karting at a young age, supported by his father. At age 10, Hamilton boldly approached McLaren’s Ron Dennis, stating his desire to race for the team one day, a dream he eventually realized. Hamilton became the first and only black driver in F1 history when he joined McLaren in 2007. He quickly made an impact, finishing second in his debut season and winning his first championship in 2008.
Ventures Beyond Racing
Apart from his racing career, Hamilton launched a clothing line, TOMMYXLEWIS, in 2018 with Tommy Hilfiger and has used his platform to promote diversity in F1. He has also been involved in various philanthropic efforts and is known for his advocacy for Black Lives Matter. Hamilton owns several luxury properties, including a $25 million mansion in West London, and boasts a $40 million car collection, including a rare McLaren F1 worth $20 million.
Wealth and Investments
Hamilton’s investments and successful ventures contribute significantly to his wealth, making him one of the most influential athletes globally. His real estate holdings and high-value car collection are a testament to his success beyond the racetrack, solidifying his position as one of the wealthiest and most recognized figures in sports.
