What is Michael Schumacher Net worth, Salary, Assets and Brand Endorsements

Michael Schumacher is a German former racing driver who competed in Formula One for Jordan, Benetton, Ferrari, and Mercedes.

Michael Schumacher celebrates winning the 2006 US Grand Prix. (Image: Twitter)

Michael Schumacher is a German former racing driver who competed in Formula One for Jordan, Benetton, Ferrari, and Mercedes. He was born in the West German town of Hürth, on 3 January 1969, to working-class parents Rolf, a bricklayer who later ran the local kart track and Elisabeth Schumacher, who operated the track’s canteen. His father built him a kart from discarded parts and, at the age of six. Schumacher won his first club championship when he was six.

In 1989, Schumacher signed with Willi Weber’s WTS Formula Three team. Funded by Weber, he competed in the German Formula Three series, winning the title in 1990. During 1990, along with his Formula Three rivals Heinz-Harald Frentzen and Karl Wendlinger, he joined the Mercedes junior racing programme in the World Sportscar Championship. Schumacher made his Formula One debut with the Irish Jordan-Ford team at the 1991 Belgian Grand Prix, driving car number 32 as a replacement for the imprisoned Bertrand Gachot. Schumacher, still a contracted Mercedes driver.

Michael Schumacher Net worth

Michael Schumacher net worth is reportedly said to be of $600 million. Michael is one of just a handful of athletes who earned more than $1 billion during their career. At the peak of his career he made $80-$100 million per year. Of that, he earned $10 million a year to wear a Shell hat during public appearances. At that level of earnings, he is the 5th highest-earning athlete of all time behind Jack Nicklaus ($1.2 billion), Arnold Palmer ($1.7 billion), Tiger Woods ($1.7 billion) and Michael Jordan ($2 billion). Even in years when he was not racing, Schumacher reportedly earned $50 million from endorsements alone.

Michael Schumacher Salary

Schumacher’s annual salary was $50 million when he worked for Ferrari, and this increased to $75 million when working for Mercedes-Benz. At his peak, he earned $80-100 million per year Of that, he earned $10 million a year to wear a Shell hat during public appearances, which was frequently enough to make him the highest-paid athlete in the world. He appeared on Forbes’ list of highest-paid athletes every year since they began tracking athletes in 1990.

Read more: Mick Schumacher posts emotional message to father Michael on his birthday.

Michael Schumacher Assets

Michael and his wife own an enviable real estate portfolio that spans the globe. At the time of his accident, Michael and his wife Corinna’s primary residence was a mansion in Switzerland located on the shores of Lake Geneva. They also own a horse ranch in Texas as he and his wife were both very passionate about horses. In 2018 Michael’s wife bought a $40 million property in Majorca, Spain that spans 160,000 square-feet.

His car collection include FERRARI ENZO $2.6 Million, FERRARI FXX $2.8 Million, FERRARI F310 $895,000 USD, FERRARI 599 $403,120 USD,FERRARI CALIFORNIA $414,810 USD, Ferrari 430 SCUDERIA $281,618 USD, MERCEDES-BENZ SLS AMG $209,000 USD.

Brand Endorsements

Shell
Marlboro
Vodafone
Deutsche Vermögensberatung
Mercedes Benz
CS Ranch




WRITTEN BY
Sportslumo Desk

What do you think about the Article? Tell us

Leave a Reply

Your email address will not be published.