Lewis Hamilton Net Worth

Lewis Hamilton Networth

Lewis Hamilton is a British racing driver considered one of the greatest drivers in Formula 1 history. Lewis Hamilton was born on January 7, 1985, to Stevenage in England, He first drove for McLaren when he entered Formula 1 in 2007 after nearly taking the championship in his debut season. Hamilton then became the youngest Formula 1 World Champion at the time, winning the title with McLaren in 2008. In 2013, he transferred to Mercedes-AMG Petronas, where he would find definition in his career. He won seven Formula 1 World Championships: 2008, 2014, 2015, 2017, 2018, 2019, and 2020, thus leveling with Michael Schumacher's record for the most titles (seven).

Lewis Hamilton has won two races in the 2024 season - the British Grand Prix and the Belgian Grand Prix. In the middle of the season, Hamilton scored four podium finishes and has been consistent in scoring points in 17 of the 18 races he has competed in. Lewis Hamilton sits sixth in the drivers' standings with 177 points. He's completed as high as second in the season and averaged finishing 5.71 places from where he started. His comeback to lead at British was noteworthy since it marked his 104th win in a Grand Prix, the first since 2021 while making him the oldest F1 race winner in the 21st century.

Lewis Hamilton Salary

Lewis Hamilton currently earns $60 million a year from Mercedes-AMG Petronas Formula One Team, after the latest deal was signed in July 2023. Hamilton's deal runs till the 2024 season, and he is one of the highest-paid F1 drivers in that period. His salary has risen astronomically over the past years. Reportedly, his first big deal was a five-year agreement worth £35.8 million or $72 million at the time, with McLaren, which he signed in 2007 following his maiden season. His new three-year contract with Mercedes in 2013 worth nearly $83 million had more than doubled his original deal and reflected his consistent climb in his sport.

On the financial level, from his successful growth on the track, Hamilton has grown to earn more than $50 million each year from the subsequent contracts. For his 2021-2022 contract, he gets around $55 million each year in the season, not counting a performance bonus, which could add millions more in case of race wins and resultant championship results. Such a salary reflects his market value, dominance in the sport, and worldwide appeal.

Lewis Hamilton Sponsors

While Lewis Hamilton is a global brand, his portfolio contains a broad range of profiled high-level sponsorships that contribute prominently to his income. His major sponsors include:

• Mercedes-Benz, Lewis is the star driver for Mercedes, the sponsorship ranges beyond the track, as he promotes Mercedes vehicles in commercials and by appearances.
• Puma, Lewis has signed a long-term deal with Puma, Hamilton has been a brand ambassador for quite some time and often creates special edition pieces in line with his style, showcasing their motorsport and lifestyle products.
• Tommy Hilfiger, Hamilton has been the face of many campaigns as part of his team-up with Tommy Hilfiger since 2018, and he has even co-designed a sustainable fashion line as an extension of his influence in both the motorsport and fashion worlds.
• IWC Schaffhausen, WC watches are regularly promoted through the involvement of Hamilton as an ambassador for the brand.
• Monster Energy, Hamilton partners with Monster to endorse the company's energy drinks, often keeping them on him throughout his social media and public appearances.

Other sponsors of Hamilton include Bose, Loreal Men Expert, and Bombardier. These endorsement deals will add another $12-15 million a year from Hamilton to its count among the world's most-paid athletes.

Lewis Hamilton Investments

Lewis apart from his salary and endorsement money, Hamilton has proved to be very prudent in investment in a wide range of fields, but more notably in real estate. Among his properties are

A $25 million mansion in Kensington, London, an upmarket area, as many high-net-worth individuals flock there. Apartments in Geneva, Switzerland, and Monaco, are considered hotspots where many high-net-worth individuals go for tax-friendly conditions. A luxurious estate in Colorado.He has also invested in businesses aligned with his hobbies. Among those he ventured into was making his off-road electric SUV racing team, Team X44, which competed in the Extreme E race series. The business had already pulled out of the series in 2023 but reflected Hamilton's commitment to future-proof, greener technology. Other than properties and racing businesses, he is into veganism and sustainable causes. He has an interest in the plant-based burger outlet Neat Burger. Besides this, he is believed to have stakes in a host of tech startups and fashion brands.

Lewis Hamiltons Other Source of Income

Lewis Hamilton has expanded his income by venturing into the entertainment and media industries to diversify his revenue. He founded Dawn Apollo Films, a production company specializing in content that attempts to merge the world of motorsport with Hollywood. One of the most eagerly awaited projects the company is working on features a movie about life in the world of Formula 1, and it will star Brad Pitt; Hamilton serves as an executive producer and adviser to ensure racing scenes in the film are depicted correctly.

Hamilton's hobbies include music, where he can often be found in a recording studio, producing his work with the alias "XNDA." This is more of a recreational pursuit but does evidence a broader creative interest than those facilitated through motorsport.

Besides entrepreneurial projects, it is publicly known Hamilton has a preference and love for charitable activities, particularly diversity in motorsport. While joining hands through his charity, Mission 44, he reaches out to individuals to assist in offering opportunities to the marginalized sections in sports; therefore, works that are focused on de-segregation between the non-minority and minority sections of the world about the industry.

Lewis Hamilton House

Hamilton's real estate portfolio is almost equivalent to his racing record. His home is a posh Kensington, London mansion with six bedrooms and an estimated value of $25 million. The property provides private luxury in one of the most exclusive areas of London.

He also owns luxury apartments in Switzerland, specifically in Nyon, and Monaco; these are places where many Formula 1 drivers stay, thanks to attractive tax laws. In addition to that, the pretty Colorado estate set in the Rocky Mountains is a peaceful retreat for skiing and outdoor activities indulgence. All these houses reflect his need for privacy and taste for luxury, which have been selected so much for comfort, security, and exclusivity.

Lewis Hamilton's Car Collection

Lewis Hamilton has a staggering car collection to the tune of more than $40 million, comprising some of the world's most in-demand vehicles. They include the following

• 1995 McLaren F1: Estimated to be around $20 million, the supercar is one of the rarest and most exclusive automobiles in the world
• Ferrari LaFerrari: On the other hand, Hamilton owns many Ferraris, including this hybrid supercar that costs more than $1.5 million, a pricey piece ironically representing his arch-rival Mercedes.
• Pagani Zonda 760LH: To show off his amazing personality further, here's a private custom purple hypercar made just for Hamilton, and it costs around $2 million.
• Mercedes-AMG One: His collection would probably never be complete if not for Mercedes' hypercar which costs around $2.7 million, which he even helped develop.
• Shelby Cobra 427: a classic American muscle car, evoking a vintage touch for his modern collection.

Each of the models describes Lewis's love for speed, performance, and exclusivity, replicating the success story in racing.

Lewis Hamilton Charity Work

Lewis Hamilton has been dedicated to giving back through philanthropy for a long time. His area of interest in issues such as diversity, education, and environmental sustainability puts him in a specific position as an athlete using his platform positively. Through Mission 44, Hamilton set up a foundation that was supposed to particularly cater especially to the education and motorsport sectors, specifically for underrepresented groups. It is something close to Hamilton's heart because he is among the few black drivers in Formula 1; he is out there to create an inclusive sport.

Another area Hamilton is passionate about is fighting for the green cause and animals. Since 2017, he's been a strictly plant-based man, and he still speaks about sustainability, on and off the racing circuit. From flying less and having a lesser carbon footprint, to petrol-free cars; all of these factors make Lewis speak out on doing more as an earth-friendly lifestyle. In addition to his initiatives, Hamilton supports several charity organizations, including UNICEF and Save the Children, donating both his time and finances to raise funds for global causes regularly.

Also Read: Lewis Hamilton Retirement