Lewis Hamilton net worth: Ferrari and McLaren investments have boosted profile

 

As a seven-time world champion, Lewis Hamilton has secured his status as one of the most affluent athletes globally. There's no doubt that Lewis Hamilton is among the greatest drivers in sports history. Having secured seven world championships, a feat only matched by the iconic Michael Schumacher, and having set an unprecedented record of 103 race wins, he has firmly established himself as one of the most exceptional drivers ever to grace the sport.

Due to his impressive accomplishments, he has amassed a mind-boggling fortune that ranks him among the world's top-earning athletes. Let's uncover the exact amount earned by the F1 champion and explore the lavish lifestyle that their wealth enables. How much is Lewis Hamilton worth in 2024? Hamilton's endorsement deals, similar to those of many prominent athletes, are shrouded in secrecy. Despite the exact amounts being confidential and confined within corporate terms, his numerous partnerships with renowned brands indicate a net worth that exceeds $285 million effortlessly.

What is the value of Hamilton's present contract with Mercedes?

Hamilton's contract, reported by Forbes, is worth a staggering $55 million and ranks him as the second-highest earner among Formula 1 drivers in the year 2023. The top spot belongs to his competitor Max Verstappen with an impressive salary of $70 million. It is important to note that Verstappen's income comprises a base salary of $45 million and performance-based bonuses worth $25 million, implying Hamilton possesses the highest grid's base salary.

The Silver Arrows have extended the contract of their seven-time world champion, ensuring that he will continue to race for them even after turning 40. Can you provide information on the sponsorship agreements of Lewis Hamilton? The fact that Lewis Hamilton has numerous endorsement deals with top industry giants such as IWC and Tommy Hilfiger is proof of his exceptional marketability off the racetrack.

Forbes reported that in 2023, his lucrative associations will earn him about $10 million a year and coupled with his sizable income from Mercedes-Benz, he clinched the #21 position on Forbes' roster of top-earning athletes worldwide. How about we go for a ride and explore some of Hamilton's noteworthy collaborations.

He's the only driver to have won at least one race in every season he's competed in.

He's a seven-time Formula 1 world champion [ 2008, 2014, 2015, 2017, 2018, 2019, 2020].

He's passionate advocate for animals rights and veganism.

Hamilton hold the most wins in Formula 1 history [103 wins as of march]

He has the most pole position [103] and podium finish [183] in Formula 1 history.

Mercedes-Benz can be paraphrased as "a brand of luxury vehicles.

Thanks to his success on the track, Hamilton now enjoys a life of luxury away from it, featuring an awe-inspiring global property portfolio. Similar to numerous F1 drivers, he takes pleasure in residing in Monaco - a sun-soaked and tax-free destination. Here, his main abode presents breathtaking panoramic vistas alongside an indulgent lifestyle. Besides Monaco, Hamilton's property portfolio also includes residences in Geneva along with a lavish $24 million estate located in West London. Moreover, he possesses an opulent penthouse worth $40 million situated in Manhattan that forms part of the ownership stake held by NFL icon Tom Brady and his wife Gisele Bundchen.

In addition to his impressive portfolio, Hamilton possessed a lavish $43 million penthouse situated in the Tribeca Building of New York City - a residence favored by renowned personalities such as Justin Timberlake and Bella Hadid. Reportedly, the Brit sold the penthouse for a staggering $49.5 million merely four years after purchasing it.

The car collection of Lewis Hamilton.

Hamilton's love for velocity goes well beyond the confines of the circuit. Among his possessions is a stunning array of motorbikes and cars, numerous ones having been singularly revamped to suit his liking. The subjects of our discussion are a Pagani Zonda, Ferrari LaFerrari, McLaren P1, Ford Mustang Shelby GT500 and two Shelby Cobras. Hamilton's automotive preferences have changed due to his newfound emphasis on environmental sustainability. He now chooses to drive a battery-electric Mercedes-Benz EQC and favors all-electric vehicles for transportation from airports whenever available.

Other investments belonging to Lewis Hamilton

With a varied investment portfolio covering sustainability, sports, and even food and beverages sector, Lewis Hamilton showcases his astute financial acumen. He contributed to the creation of the Mercedes-Benz Project One supercar and registered his crew, known as X44, in the Extreme E off-road competition. Hamilton's ownership in the Denver Broncos NFL team began in 2022, signaling his ambition to broaden his sporting impact and advocate for diversity among team owners.

Aligned with his commitment to veganism, he supported Neat Burger - a vegan burger enterprise co-founded by Hollywood star Leonardo DiCaprio. Additionally, he funded Green Drink - a British beverage enterprise in collaboration with model Cindy Crawford. Furthermore, along with American singer Justin Timberlake, he invested in Bowery; which is an application for vertical farming and Zapp- an online grocery delivery service. In 2023, Hamilton introduced Almave as the first-ever authentic blue agave-based non-alcoholic spirit.