Lewis Hamilton Net Worth (Money & Salary)

What is Lewis Hamilton’s Net Worth?

Lewis Hamilton, a British Formula One racing driver, boasts a net worth estimated at $300 million. He began his F1 career with McLaren and made history in 2008 by winning his first F1 Championship, becoming the youngest-ever Formula One World Champion at that point. In 2013, he made the switch to Mercedes, where he achieved six more Championships (2014, 2015, 2017, 2018, 2019, and 2020). It was disclosed on February 1, 2024, that Lewis would be transitioning from Mercedes to Ferrari at the conclusion of the 2024 season.

Salary & Contracts

Lewis ranks among the top earners in F1 and is one of the highest-paid athletes globally. Typically, he earns between $70 million to $90 million per year, largely from his contract with Mercedes, which guarantees him $60 million annually.

In July 2023, Lewis inked a two-year deal with Mercedes, worth $60 million per year for the 2024 and 2025 seasons. However, Lewis decided to terminate the contract after just one year, opting instead to join Ferrari for the 2025 season, where he is expected to earn up to $107 million annually.

From June 2016 to June 2017, Lewis amassed approximately $50 million through endorsements and prize winnings. The following year, from June 2017 to June 2018, his earnings reached $51 million, and in the next 12 months, he made $55 million.

Early Life

Born on January 7, 1985, in Stevenage, Hertfordshire, England, Lewis Carl Davidson Hamilton has a diverse family background; his mother, Carmen, is Caucasian, while his father, Anthony, is Black. Hamilton identifies as Black. His parents separated when he was two years old, and he was raised by his mother alongside his half-sisters until he turned 12. At that point, he moved in with his father, stepmother, and half-brother Nicolas. Hamilton started practicing karate for self-defense at five years old as he faced bullying at school. One year later, his father gifted him a radio-controlled car, and by the next year, he accomplished a second-place finish at the British Radio Car Association championship. When he turned six, Lewis received a go-kart from his father for Christmas. Anthony Hamilton pledged to support his son’s racing ambitions, provided he remained committed to his academics. Lewis attended The John Henry Newman School, a Catholic secondary school in Hertfordshire, where he also played football (soccer). His studies at Cambridge Arts and Sciences commenced in early 2001.

Career

In a remarkable scenario, young Lewis Hamilton boldly approached Ron Dennis, the principal of the McLaren racing team, expressing, “I want to race for you one day… I want to race for McLaren one day.” Such confidence is notable for any driver, particularly when it comes from a ten-year-old.

Hamilton entered the McLaren Young Driver program in 1998 and officially became a Formula One driver for McLaren in 2007. Notably, he is the first and only Black racecar driver in the sport. He finished the 2007 season in second place behind Kimi Räikkönen. In 2008, Hamilton clinched his first F1 World Championship, achieving victory in the final race of that season. He transitioned to drive for Mercedes in 2013, securing consecutive World Championships…

In 2014 and 2015, titles were claimed, with Hamilton achieving consecutive victories for the second time in his career in 2017, 2018, and again in 2019. As of now, he has secured seven World Championships, placing him in a tie with Michael Schumacher for the all-time record.

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

Throughout his career, Lewis Hamilton has attracted controversy both for his actions on the track and his comments off it. He remains consistently in the public eye, with his words often under close observation.

While competing in Spain, he faced racial abuse from certain Spanish fans, largely fueled by his intense rivalry with Spanish driver Fernando Alonso. Hamilton acknowledges his competitive nature, which can sometimes lead to friction with fellow racers.

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

In June 2020, Hamilton announced he would race in a brand new, all-black Mercedes in support of the Black Lives Matter movement. He has been outspoken regarding the need for greater diversity in Formula One. The vehicle, termed the Black Arrow, was created by Hamilton and made its first appearance in Austria during the Fourth of July weekend, marking the start of the delayed Formula One season.

Significant alterations in technical regulations in 2022 resulted in new car designs, leading Hamilton to struggle through much of the season. He secured nine podium finishes but did not win a race or qualify for pole position for the first time in his Formula One tenure.

Personal Life

Hamilton began dating Nicole Scherzinger, the lead vocalist of the American girl group the Pussycat Dolls, in November 2007. They separated in early 2010 to concentrate on their individual careers but were seen together at that year’s Turkish and Canadian Grands Prix. The couple had multiple breakups and reconciliations between 2011 and 2015, ultimately parting ways for good in February 2015.

After ending his relationship with Scherzinger, rumors circulated about him dating long-time friend Rihanna briefly. Other rumored romances include Rita Ora, Miss Finland Lotta Hinsa, Miss Grenada 2007 Vivian Burkhardt, model Winnie Harlow, Hungarian model Barbara Palvin, and Sofia Richie. He was also linked romantically to Nicki Minaj, with whom he enjoyed a vacation in Dubai.

Hamilton follows a vegan diet.

He has faced criticism from some Members of Parliament for residing outside the U.K. to avoid paying taxes.

Named after Olympic sprint champion Carl Lewis, Hamilton has expressed that if he had not pursued a career in Formula One, he may have become a footballer or cricketer, having played both sports in high school.

In 2022, Lewis announced his intention to legally change his name to include his mother’s maiden name, Larbalestier, as a middle name.

In June 2022, Hamilton became an honorary citizen of Brazil following the passage of a proposal by politician Andre Figueiredo in the Brazilian Chamber.

of Deputies.

Team X44, launched by Hamilton in September 2022, was aimed at participating in the all-electric SUV off-road racing series, Extreme E. Finishing as runners-up in the inaugural Extreme E championship, in January 2022, they secured the Extreme E Sustainability Award. They won the championship in 2022, succeeding against RXR, who faced disqualification from the event.

Furthermore, in 2022, Hamilton became part of the newly formed ownership group for the Denver Broncos.

Real Estate

Hamilton placed his New York penthouse on the market for $57 million in 2019. This 8,900-square-foot unit is the largest penthouse loft in the Tribeca building also home to Justin Timberlake, Jessica Biel, Meg Ryan, Jake Gyllenhaal, and Bella Hadid. He purchased it for $43.9 million in 2017. The property sold for $50 million in December 2021, despite Hamilton reportedly never residing there, possibly due to his ownership of another penthouse located nearby at 70 Vestry Street, acquired for $40.7 million in 2019.

In Kensington, West London, Hamilton possesses a four-story mansion valuing $25 million, featuring six bedrooms and constructed in 1860.

Apart from his London mansion, Hamilton also owns apartments situated in Nyon, a suburb of Geneva, Switzerland, as well as in Monaco, and he has an estate in Colorado, where he intends to reside post-retirement.

Personal Car Collection

Estimating at least $40 million based on the cars confirmed to be owned or showcased on social media, Lewis Hamilton’s car collection significantly features his 1995 McLaren F1, valued at approximately $20 million. Below is a list of notable vehicles within 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 for these eight significant cars amounts to: $34.4 million