Lewis Hamilton Net Worth (Money & Salary)
Title: Lewis Hamilton Net Worth (Money & Salary)
Last Updated: February 12, 2025
What is Lewis Hamilton’s Net Worth?
With a net worth of $300 million, Lewis Hamilton, a British Formula One racer, began his F1 journey with McLaren. In 2008, he clinched his first F1 Championship with McLaren, becoming the youngest Formula One World Champion at that time. In 2013, he transitioned to Mercedes, where he would secure six more Championships (2014, 2015, 2017, 2018, 2019, 2020). On February 1, 2024, it was announced that Lewis would move from Mercedes to rival Ferrari at the conclusion of the 2024 season.
Salary & Contracts
One of the highest-paid F1 drivers globally, Lewis ranks among the top athletes in terms of earnings. Annually, he typically earns between $70-90 million, primarily from his Mercedes contract, which provides him with $60 million each year.
In July 2023, Lewis secured a two-year contract with Mercedes that would offer him $60 million annually for the 2024 and 2025 seasons. However, Lewis decided to part ways with Mercedes after just one season, choosing to join Ferrari for the 2025 season instead. Reportedly, he could earn up to $107 million each year while racing for Ferrari.
From June 2016 to June 2017, Lewis Hamilton garnered approximately $50 million through endorsements and prize money. The subsequent year, from June 2017 to June 2018, he made $51 million, and in the next 12 months, his earnings increased to $55 million.
Clive Mason/Getty Images
Early Life
Born on January 7, 1985, in Stevenage, Hertfordshire, England, Lewis Carl Davidson Hamilton’s mother, Carmen, is Caucasian and his father, Anthony, is Black. Hamilton identifies as Black. His parents divorced when he was two years old, leading him to live with his mother and half-sisters until he turned 12. After that, he moved in with his father, stepmother, and half-brother Nicolas. Hamilton began practicing karate for self-defense at the age of five due to being bullied at school. When he turned six, his father gifted him a radio-controlled car, and Hamilton achieved second place in the British Radio Car Association championship the following year. For Christmas, he received a go-kart from his father, who pledged to support Hamilton’s racing dreams as long as he prioritized his education. Lewis attended the Catholic secondary institution, The John Henry Newman School in Hertfordshire, participating in football (soccer) while also studying at Cambridge Arts and Sciences starting in early 2001.
Career
The tale goes that at just ten years old, Lewis Hamilton approached Ron Dennis, the head of McLaren racing, and boldly expressed, “I want to race for you one day… I want to race for McLaren one day.” Such confidence is remarkable for any budding driver.
In 1998, Hamilton joined the McLaren Young Driver program, eventually becoming an official Formula One driver for McLaren in 2007. He is recognized as the first and only Black racecar driver in the sport. That same year, he finished second to Kimi Räikkönen in the standings. Hamilton celebrated his first F1 World Championship victory in 2008, clinching the title in the final race of the year. He signed with Mercedes in 2013 and went on to secure consecutive World Championships.
Titles were claimed by Hamilton in 2014 and 2015. For a second time in his career, he secured consecutive titles in 2017, 2018, and once more in 2019. As of this moment, he has achieved seven World Championships, placing him in a tie with Michael Schumacher for the highest number.
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In 2018, during New York Fashion Week, Hamilton debuted his clothing line TOMMYXLEWIS in collaboration with American fashion designer Tommy Hilfiger, featuring models Winnie Harlow and Hailey Baldwin.
Throughout his career, Lewis Hamilton has faced controversies regarding his actions on the track and comments off it. Frequently under public scrutiny, his statements are analyzed closely.
While competing in Spain, he endured racial abuse from certain Spanish fans, largely due to his fierce rivalry with Spanish competitor Fernando Alonso, which incited the negative behavior among supporters. Hamilton acknowledges his competitive nature, recognizing that it can sometimes lead to tensions with fellow drivers.
Just one week prior to the 2018 German Grand Prix, Hamilton extended his contract with Mercedes for an additional two years, reportedly valued at nearly $50 million annually.
In June 2020, Hamilton announced he would race in a brand-new all-black Mercedes, championing the Black Lives Matter movement. An advocate for diversity within Formula One, Hamilton designed the car, named the Black Arrow, which made its first appearance in Austria over the Independence Day weekend, coinciding with the delayed start of the Formula One season.
Significant technical regulation changes occurred in 2022, resulting in new car designs that posed challenges for much of the season. Although Hamilton secured nine podium finishes, he did not win a race or achieve a pole position for the first time in his Formula One career.
Personal Life
Lewis Hamilton began dating Nicole Scherzinger, lead singer of the American girl group the Pussycat Dolls, in November 2007. They ended their relationship in early 2010 to focus on their careers but were later seen together at that year’s Turkish and Canadian Grands Prix. Their relationship experienced multiple breakups and reunions between 2011 and 2015, ultimately concluding in February 2015.
Following his breakup with Scherzinger, rumors surfaced about a potential romance with long-time friend Rihanna. Additionally, he has been linked to various figures including Rita Ora, Miss Finland Lotta Hinsa, Miss Grenada 2007 Vivian Burkhardt, model Winnie Harlow, Hungarian model Barbara Palvin, and Sofia Richie, as well as Nicki Minaj, with whom he enjoyed a romantic getaway to Dubai.
Hamilton follows a vegan lifestyle.
Some MPs have criticized Hamilton for evading paying U.K. taxes by residing outside the country.
Hamilton received his name in honor of Olympic sprint champion Carl Lewis.
A fan of Arsenal, Hamilton expressed that had he not pursued a career in Formula One, he would have aspired to be a footballer or cricketer, having played both sports during high school.
In 2022, Lewis announced plans to legally modify his name to incorporate his mother’s maiden name, Larbalestier, as a middle name.
In June 2022, Hamilton was granted honorary citizenship of Brazil thanks to a proposal by politician Andre Figueiredo, which was approved in the Brazilian Chamber.
of Deputies.
In September 2022, Hamilton initiated Team X44 with the aim of competing in the Extreme E, an all-electric SUV off-road racing series. In the inaugural Extreme E championship, Team X44 secured second place and was honored with the Extreme E Sustainability Award in January 2022. They triumphed in the 2022 Championship, having outperformed RXR, who faced disqualification during the race.
Additionally, Hamilton became part of the newly formed ownership group for the Denver Broncos in 2022.
Mark Thompson/Getty Images
Real Estate
In 2019, Hamilton put his New York penthouse on the market for $57 million. The penthouse, located in the Tribeca building also home to celebs like Justin Timberlake, Jessica Biel, Meg Ryan, Jake Gyllenhaal, and Bella Hadid, spans 8,900 square feet, making it the largest penthouse loft in the building. Hamilton purchased it in 2017 for $43.9 million and sold it in December 2021 for $50 million. He reportedly never occupied the unit, likely due to his ownership of another penthouse nearby at 70 Vestry Street, acquired in 2019 for $40.7 million.
In Kensington, West London, Hamilton possesses a four-story mansion built in 1860, valued at $25 million, which includes six bedrooms.
Moreover, Hamilton has residences in Nyon, a suburb of Geneva, Switzerland, and Monaco, along with an estate in Colorado where he plans to reside post-retirement.
Personal Car Collection
According to the cars he has displayed on social media or confirmed ownership of, Lewis Hamilton’s car collection is valued at a minimum of $40 million. The estimated worth of his 1995 McLaren F1 alone is around $20 million. Below are some highlights from his impressive 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 just these eight vehicles amounts to: $34.4 million
Lewis Hamilton Net Worth (Money & Salary)
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Data is sourced from 2023 and 2024, with projections extending to 2025 and 2026, as well as forecasts expanded 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 12, 2025