George Russell, the young British racing driver, has quickly established himself as one of the most promising talents in Formula 1. Since his early days, Russell knew he wanted to race for Mercedes, and his determination to impress the team was evident during his time in Formula 2. He even created a PowerPoint presentation to showcase why he belonged in Formula 1, which caught the attention of Mercedes bosses. This ultimately led to a guaranteed spot with Williams for the 2019 season.
Rise to Prominence
Russell spent three tough years with Williams, showcasing his resilience and skill despite the team’s challenges. His hard work paid off in 2022 when he joined Mercedes as a full-time driver. Since then, he has not only secured his first Formula 1 race win but also consistently achieved podium finishes, marking his place as a rising star in the sport.
Net Worth and Earnings
As of 2024, George Russell’s net worth is estimated at $16 million. This impressive wealth is built on his Formula 1 salary, endorsements, and merchandise sales. Russell’s Mercedes-related endorsements, coupled with his performance on the track, have helped him accumulate significant wealth early in his career.
Salary and Bonuses
Russell earns a salary of $10 million per season. This includes a $3 million base salary and a $7 million bonus for his performance, such as finishing 4th in the driver’s standings in 2021 and securing his first win. This represents a massive increase compared to his previous salary with Williams, which was around $1 million.
Endorsements and Brand Deals
With his move to Mercedes, Russell has secured several high-profile endorsements with brands like Tommy Hilfiger, IWC Watches, and The Self Space. His growing brand portfolio continues to expand, contributing significantly to his income.
Lifestyle and Assets
Russell currently rents an apartment in London, but he plans to move to Monaco soon, like many of his fellow drivers. He also has a growing car collection, including the Mercedes AMG GT and C63, reflecting his passion for automobiles.
Charity and Community Work
Beyond racing, Russell is involved in charitable efforts. He participated in the Virtual Grand Prix alongside fellow drivers to raise money for families during the pandemic. Additionally, he helped launch the #HomeAdvantage campaign on Mother’s Day in 2023, further showing his commitment to giving back to the community.
