Michael Schumacher net worth: What sort of money does the F1 legend draw through endorsements

Michael Schumacher is possibly the most famous Formula 1 personality in the world. The motorsport legend has managed to win seven World Championships and gathered 91 wins throughout his career.

The German had a bunch of records in his name till the time Lewis Hamilton came along.

While Schumacher has raced with Jordan, Benetton, Ferrari, and Mercedes, he is best known for his time with Ferrari.

He led the Italian team to five consecutive World Championships making the outfit unbeatable.

Schumacher with Ferrari. Source: wealthypersons.com

Schumacher – Statistics and Records

Schumacher’s career spanned for almost 20 years during which he had earned 155 podiums and scored a whopping 1566 points. He also scored 77 fastest laps and 68 pole positions.

During his career, the German won seven World Championships (1994, 1994, 2000, 2001, 2002, 2003 and 2004).

Net worth

In 2021, Michael Schumacher’s net worth is estimated to be $800 million making him one of the richest motorsport personalities out there.

Schumacher with Shell. Source: independent.co.uk

When he returned to Formula 1, his salary was an estimated 30 million pounds per year.

Additionally, he is also had career earnings of over $1 billion.

Endorsements and sponsorships

Schumacher has been associated with Shell, Marlboro, and Vodafone among others.

He was also sponsored by Deutsche Vermögensberatung, Mercedes Benz, CS Ranch, and Mick Schumacher.

However, he had a skiing accident back in 2013 due to which his family had to sell some of his assets.

Schumacher’s estate. Source: mirror.co.uk

Even during the time when he was not racing, he earned an estimated $50 million just from sponsorships. For instance, Shell paid him $10 million a year just to wear their hat during his public appearances.

Estimated earnings per year

  • Annual Salary with Mercedes According to Sports Illustrated 2013 – $19,600,000
  • Annual Salary with Mercedes According to Forbes 2012 – $30,000,000
  • Annual Salary with Mercedes According to Forbes 2011 – $34,000,000
  • Annual Salary with Mercedes 2010 – $34,530,000
  • Annual Salary According to Forbes 2006 – $80,000,000

Earnings Overview:

  • Various Sponsorships 2013 – $10,000,000
  • Endorsements with Mercedes 2010 – $14,800,000
  • Deutsche Vermögensberatung endorsement for having a 10×8 cm advertisement on his post-race cap for 3 years (1999) – $8,000,000
  • 4 Year Formula 1 Contract with Ferrari (1996) – $124,000,000

Charity work by Schumacher

Michael Schumacher had also started the Keep Fighting Foundation which is run by his family. The organisation aims to develop social, cultural, and public health projects.

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