Early Life and Racing Beginnings
Carlos Sainz Jr., born on September 1, 1994, in Madrid, Spain, is the son of World Rally champion Carlos Sainz. His family’s rich racing legacy helped propel him into Formula 1. Carlos began his journey with Toro Rosso in 2015, alongside Max Verstappen. After stints with Renault and McLaren, Sainz secured a prominent place in F1, eventually driving for Scuderia Ferrari. His breakthrough came in 2019 when he clinched a podium finish at the Brazilian Grand Prix, showcasing his potential.
Career Achievements
As of October 2024, Carlos Sainz drives for Ferrari, competing alongside Charles Leclerc. He stands out as the only driver from a non-Red Bull team to win during the 2023 F1 season, claiming his first victory in 2022. With a total of three wins in his career, Sainz has built a reputation as a smooth and calculated driver, often outperforming his teammate, Leclerc. His skills on track have earned him nicknames like “Smooth Operator” and “Chilli.”
Carlos Sainz’s Net Worth
Sainz’s estimated net worth as of November 2024 is $50 million, derived from his racing career and various endorsements. According to reports, he has earned around $56.7 million throughout his F1 career. His income sources include his racing salary, bonuses, and a range of brand partnerships.
Salary and Endorsements
In 2024, Carlos Sainz earns a salary of $12 million with Ferrari, in addition to $6 million in bonuses from his 2023 performance. He is endorsed by major brands like Estrella Galicia, Santander, Schuberth, PlayStation, and Shiseido Me, which enhance his financial portfolio. Additionally, his partnership with Santander, Ferrari’s major sponsor, further boosts his income.
Investments and Other Income Sources
Sainz has diversified his income by investing in sports technology firms like TMRW Sports and Eleven Sports. He also launched his own brand of racing karts, CS55. Outside of racing, Carlos writes books and participates in charity events, including soccer matches, demonstrating his dedication to giving back.
Luxury Assets
Sainz enjoys an affluent lifestyle with properties in Spain and Italy. His Sassuolo house in Italy, purchased in 2021, features a spacious garage for his impressive car collection, including a Ferrari F1 car, a pool, and a garden. His car collection includes top-tier models such as the Bentley Continental GT, Ferrari Roma, and McLaren 720S.
Carlos Sainz Jr. has carved a name for himself in Formula 1 through his talent, endorsements, and business ventures, making him one of the most well-rounded and successful drivers on the grid.
