Lewis Hamilton Net Worth (Money & Salary)
Title: Lewis Hamilton Net Worth (Money & Salary)
Last Updated: February 9, 2025
What is Lewis Hamilton’s Net Worth?
Lewis Hamilton, a British Formula One racing driver, boasts a net worth of $300 million. He began his F1 career with McLaren, clinching his first Championship in 2008, thus becoming the youngest Formula One World Champion at that time. In 2013, he joined Mercedes, where he subsequently won six more Championships (2014, 2015, 2017, 2018, 2019, 2020). On February 1, 2024, it was announced that Hamilton would move from Mercedes to rival Ferrari at the conclusion of the 2024 season.
Salary & Contracts
Lewis ranks among the top earners in F1 and is also one of the highest-paid athletes globally. Typically, his annual income ranges from $70-90 million, with the majority stemming from his contract with Mercedes, which pays him $60 million each year.
In July 2023, Hamilton signed a two-year deal with Mercedes, guaranteeing him $60 million annually for the 2024 and 2025 seasons. However, after just one season, he decided to terminate the contract and shift to Ferrari for the 2025 season, where his earnings could reach up to $107 million per year.
From June 2016 to June 2017, Hamilton generated approximately $50 million from endorsements and prize winnings, followed by $51 million from June 2017 to June 2018, and $55 million in the subsequent year.
Clive Mason/Getty Images
Early Life
Born on January 7, 1985, in Stevenage, Hertfordshire, England, Lewis Carl Davidson Hamilton is the son of a Caucasian mother, Carmen, and a black father, Anthony. Hamilton identifies himself as black. His parents separated when he was just two years old, and he stayed with his mom and half-sisters until he turned 12. Afterward, he moved in with his father, stepmother, and half-brother Nicolas. Lewis, who faced bullying during his childhood, began practicing karate for self-defense at the age of five. When he was six, his father gifted him a radio-controlled car, and the following year, he earned second place at the British Radio Car Association championship. For Christmas at the same age, his dad presented him with a go-kart, and Anthony Hamilton promised to support Lewis’s racing aspirations as long as he maintained his academic performance. He attended The John Henry Newman School, a Catholic secondary school, where he also played football. His studies at Cambridge Arts and Sciences commenced in early 2001.
Career
In a notable encounter, Lewis Hamilton, at just ten years old, approached Ron Dennis, the team principal of McLaren, and confidently expressed, “I want to race for you one day… I want to race for McLaren one day.” Such a bold statement is impressive for any young driver.
Hamilton joined the McLaren Young Driver program in 1998 and became an official Formula One McLaren driver in 2007. As the first and only black racer in the sport, he finished the 2007 season as the runner-up to Kimi Räikkönen. In 2008, Hamilton won his inaugural F1 World Championship, clinching the title in the season’s final race. He secured a position with Mercedes in 2013 and achieved back-to-back World Championships.
In 2014 and 2015, titles were secured, with Hamilton winning consecutive championships for the second time in his career during 2017, 2018, and again in 2019. With seven World Championships to his name as of this writing, he is now tied with Michael Schumacher for the highest number.
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During New York Fashion Week in 2018, Hamilton introduced a clothing line named TOMMYXLEWIS, collaborating with American designer Tommy Hilfiger and featuring models Winnie Harlow and Hailey Baldwin.
Lewis Hamilton’s career has been marked by controversies, both for his on-track actions and his comments off the track. Frequently under public scrutiny, his statements draw considerable attention.
While participating in a race in Spain, Hamilton faced racial abuse from some supporters. His fierce rivalry with Spanish driver Fernando Alonso fueled some Spanish fans to target Hamilton with insults. Acknowledging his competitive nature, he admits to creating tensions with fellow drivers at times.
A week prior to the 2018 German Grand Prix, Hamilton extended his contract with Mercedes for two years, which was reported to be valued at nearly $50 million annually.
In June 2020, Hamilton announced that he would race in an all-black Mercedes, reflecting his support for Black Lives Matter. He has openly addressed the lack of diversity in Formula One racing. The vehicle, named the Black Arrow, was designed by Hamilton and made its debut in Austria during the 4th of July weekend as the delayed Formula One season commenced.
By 2022, notable technical regulation changes led to new car designs, resulting in a challenging season for Hamilton. Although he achieved nine podium finishes, he failed to win a race or secure pole position for the first time in his Formula One career.
Personal Life
In November 2007, Hamilton began dating Nicole Scherzinger, the lead vocalist of the American girl group the Pussycat Dolls. They ended their relationship in early 2010 to focus on their careers, but sightings during the Turkish and Canadian Grands Prix that year suggested they reunited. The couple experienced several breakups and reconciliations between 2011 and 2015 before parting ways permanently in February 2015.
Post his relationship with Scherzinger, rumors linked him romantically to long-time friend Rihanna for a period. Additional speculations include dating Rita Ora, Lotta Hinsa (Miss Finland), Vivian Burkhardt (Miss Grenada 2007), model Winnie Harlow, Hungarian model Barbara Palvin, Sofia Richie, and Nicki Minaj, with whom he shared a romantic vacation in Dubai.
Hamilton follows a vegan diet.
Some MPs have criticized Hamilton for avoiding U.K. taxes by residing outside the country.
Named after Olympic sprint champion Carl Lewis, Hamilton has expressed that, if not for his racing career, he might have pursued football or cricket — sports he played in high school.
In 2022, Lewis announced his intention to legally change his name to incorporate his mother’s maiden name, Larbalestier, as part of his middle name.
In June 2022, an honorary citizenship was bestowed upon Hamilton by Brazil, following the approval of a proposal by politician Andre Figueiredo in the Brazilian Chamber.
of Deputies.
Team X44, which Hamilton launched in September 2022, aimed to participate in the all-electric SUV off-road racing series called Extreme E. In its debut season, Team X44 secured a second-place finish in the Extreme E championship and was awarded the Extreme E Sustainability Award in January 2022. They claimed victory in the 2022 Championship, overcoming RXR, who faced disqualification from the race.
Moreover, in 2022, Hamilton became a member of the newly formed ownership group of the Denver Broncos.
Mark Thompson/Getty Images
Real Estate
Hamilton placed his New York penthouse on the market for $57 million in 2019. This penthouse is in the same Tribeca building as those occupied by Justin Timberlake and Jessica Biel, Meg Ryan, Jake Gyllenhaal, and Bella Hadid, boasting an expansive 8,900-square-foot layout, making it the largest loft in the building. He purchased the unit for $43.9 million in 2017 and later sold it for $50 million in December 2021. Reportedly, he never inhabited the space, likely due to his ownership of another penthouse located nearby at 70 Vestry Street, acquired in 2019 for $40.7 million.
In Kensington, West London, Hamilton possesses a four-story mansion valued at $25 million, featuring six bedrooms and dating back to 1860.
Additionally, Hamilton has apartments in Nyon, a suburb of Geneva, Switzerland, and Monaco, along with an estate in Colorado where he intends to reside after retiring.
Personal Car Collection
According to the cars Lewis Hamilton has publicly displayed on social media or confirmed to own, his car collection is valued at a minimum of $40 million. Notably, his 1995 McLaren F1 alone is estimated at approximately $20 million. Below are some key vehicles that make up 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 combined total for these eight cars amounts to: $34.4 million
Lewis Hamilton Net Worth (Money & Salary)
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The data originates from 2023 and 2024, with projections extending into 2025 and 2026. We also extend our forecasts to include 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Post Title: Lewis Hamilton Net Worth (Money & Salary)
Last Updated: February 9, 2025