KEY POINTS

  • Lewis Hamilton is the highest paid F1 racer of all time
  • He has a net worth of $285 million
  • Hamilton earned $54 million in 2020

Lewis Hamilton’s net worth is $285 million. The highest paid racer is on the brink of becoming the sport’s greatest ever, too.

Hamilton has six championships, only one behind the man many consider as the best ever, Michael Shumacher, who has seven titles. With the record within reach, Hamilton could become the highest paid racer and the greatest ever of all time. Winning has got a lot to do with earning massively in Formula 1, with endorsement deals and bonuses aplenty.

Hamilton earned $54 million in 2020 which ranks him at the 13th spot among the highest paid athletes of 2020. According to Celebrity Net Worth, a big part of his earnings come from his contract with Mercedes-Benz, which pays him $40 million annually. When his endorsement deals are added, it is not surprising the British driver makes this much per year.

Protest: Lewis Hamilton takes a knee Protest: Lewis Hamilton takes a knee Photo: AFP / Mark Thompson

Among the brands he represents are Bose, L'Oréal, Mercedes-Benz, Monster Energy, Police, Puma, Sony, Tommy Hilfiger and Vodafone-USD. He launched a clothing line, in collaboration with Tommy Hilfiger, called TOMMYXLEWIS.

Born Lewis Carl Davidson Hamilton, the F1 driver showed potential at a young age after taking interest in kart racing. He started to officially drive for McLaren in 2007 and just a year after, he won his first F1 World Championship.

With such huge earnings and massive wealth, the 35-year-old Hertfordshire, England native likes to live a luxurious life. Per South China Morning Post, he owns a lot of cars, which is expected from a professional race car driver. Some of what can be found in his garage are Maybach 6, Ferrari Laferrari Aperta, AMG Project One and Coupe. He also owns a few high-end motorbikes such as Yamaha R1, Pagani Zonda and Ducati Monster 1200.

Hamilton, the thrill-seeker, also has hobbies that can not only pump adrenaline but also money off his wallet. He fancies skydiving from time to time and each trip would cost at least $10,000. He also owned a private jet before that he acquired for £16.5 million. The Mercedes star would later sell his jet for £25 million after transitioning to a greener lifestyle. Hamilton revealed he has been vegan since 2017.

The six-time champion also likes to live in fancy houses. He has apartments in Geneva, Switzerland and in Monaco. Moreover, his New York penthouse carries a price tag of $57 million. He also has a four-story mansion in London that is priced at $25 million. 

The first and only Black F1 race car driver uses his influence and platform to advance his stand on controversial issues. In support of the Black Lives Matter movement, he will race in Black Arrow, an all-Black Mercedes racing car in 2020. Meanwhile, Hamilton has admitted that the F1 still lacks diversity.