What is Kevin Magnussen's Net Worth, Salary, Assets, Brand Endorsements?

Magnussen made his Haas debut in Bahrain, starting seventh and finishing fifth, one of just five top five finishes in the team’s history.

Kevin Magnussen's Haas in Bahrain. (Image: Twitter/Haas)
By Nilavro Ghosh | May 8, 2022 | 2 Min Read follow icon Follow Us

Everyone loves a good comeback story and when it comes to one of the most loved drivers on the grid, the reception they receive is just that much more special. That is the story in 2022 of Danish Formula One driver Kevin Magnussen. Until 2020, K-Mag was a mainstay in F1 at Haas for quite a number of years before being ‘wrongfully’ axed by the team due to financial trouble in 2020. Nobody blames Guenther Steiner, however. The team was in economic ruin at the time and something had to change. Fast forward a couple of years and K-Mag is back where he belongs, and it was like he never left. The Dane alone scored more points than the Haas in the entirety of the 2021 and 2022 seasons within the first four races. His exploits in 2022 have already made Haas look like a mid table team and things are only looking upwards from now on both for his team and himself.

Following Russia’s invasion of Ukraine, Haas’ contract with Russian driver Nikita Mazepin was terminated. For the 2022 season, Magnussen returned to the team as his long-term replacement, partnering with incumbent driver Mick Schumacher. Magnussen made his Haas debut in Bahrain, starting seventh and finishing fifth, one of just five top five finishes in the team’s history.

Kevin Magnussen net worth

Kevin Magnussen makes a good living from his work. He is worth an estimated USD 24 million. He used to make USD 500,000 per year at McLaren and Renault, but now makes around USD 6 million at Haas, according to reports. He also manages the KM20 Collection, an online business through which he sells his goods.

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Kevin Magnussen salary

Kevin Magnussen  signed a multi-year deal with Haas F1 Team to compete in the Formula One World Championship with Mick Schumacher in 2022. Along with Schumacher and test and reserve driver Pietro Fittipaldi, the Dane will ride the team’s VF-22 for the season. He has a net worth of USD 24 million and works at Haas for a salary of USD 6 million.

Kevin Magnussen assets

Kevin Magnussen lives in a luxurious 6,900-square-foot home in Roskilde, Denmark. Kevin Magnussen purchased his home for an estimated USD ten million. He recently paid USD 1 million for a Lamborghini Aventador. Kevin Magnussen also owns a three-million-dollar Bugatti Chiron. A Volvo XC60, a Ferrari Portofino, and a Land Rover Discovery are among his other vehicles.

Kevin Magnussen endorsements

Jack and Jones

OmniCar