Mark Sutton / Formula 1 via Getty Images
Key Takeaways
-
Four-time Formula 1 World Champion Max Verstappen makes millions from F1.
-
Verstappen has an estimated net worth of $200 million, according to Celebrity Net Worth.
-
Verstappen was the highest-paid F1 driver in 2024, according to Forbes.
Formula One driver Max Verstappen stops for no one.
The reigning champion after winning his fourth straight Formula One World Championship title in 2024, the 27-year-old is set to kick off the 2025 Formula One season for team Red Bull in the opening race at the Australian Grand Prix on Sunday.
Verstappen makes millions from his career on the track: He was ranked both the highest-paid F1 driver in 2024 and one of the world's highest-paid athletes by Forbes.
Verstappen has an estimated net worth of $200 million, according to Celebrity Net Worth. Here's how Verstappen makes his millions.
Formula One and Endorsements
Verstappen was F1's youngest-ever competitor when he joined F1 team Toro Rosso at the age of 17 in 2015. The following year, he became F1's youngest-ever winner during his debut race for Red Bull. Verstappen became the first F1 champion from the Netherlands when he won his first F1 championship title in 2021, beating seven-time champion Lewis Hamilton.
Formula 1 drivers make money through their base salary, earn bonuses based on their performance on the track, and earn money from sponsorships and endorsements.
Verstappen earned an estimated $75 million in salary and bonuses in 2024, making him the highest-paid F1 driver for the third year in a row, according to Forbes. Verstappen earned $60 million in salary and $15 million in performance-based bonuses, per Forbes.
In 2023, Verstappen signed an endorsement deal with Heineken, as an ambassador for the Dutch beverage brand's non-alcoholic beer, Heineken 0.0. Verstappen also has a partnership with sports video games developer, EA Sports.
Real Estate
The multi-millionaire F1 driver owns a penthouse in Monaco worth an estimated 16 million euros ($17.4 million U.S. dollars), according to Architectural Digest.
Read the original article on Investopedia