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Charles Leclerc’s Net Worth: How Much Does the Monegasque Driver Earn?

Bipasha Deb by Bipasha Deb
March 17, 2023
in Formula 1
Reading Time: 4 mins read
0
Charles Leclerc (left), Leclerc with teammate Carlos Sainz (right) (Credits- Sky Sports, sportnewscentral.com)

Charles Leclerc (left), Leclerc with teammate Carlos Sainz (right) (Credits - Sky Sports, sportnewscentral.com)

Charles Leclerc’s journey to the top since he started his karting career in 2005 has been nothing less than remarkable. He has improved gradually over the years and has succeeded at practically every level he has entered. Leclerc’s sheer talent helped him amass the staggering $125 million net worth that he possesses.

In 2018, he made his racing debut with the Alfa Romeo-Sauber. He is the first driver from Monaco to drive in Formula 1 since Olivier Beretta, who made his debut in 1994. He made an immediate impression on everyone. Leclerc’s excellent achievements enabled Sauber to offer him a spot in Formula 1 for the 2018 season and in 2019, he signed up with the Scuderia Ferrari team.

14 year old Leclerc with Esteban Ocon (left), Charles Leclerc at Belgian GP 2019 (right) (Credits- Reddit, netsports247.com)
14-year-old Leclerc with Esteban Ocon (left), Charles Leclerc at Belgian GP 2019 (right) (Credits- Reddit, netsports247.com)

The 25-year-old has not looked back since and has consistently produced world-class efforts at the highest level of the sport. Sadly, the Monegasque will have to serve a grid penalty in the upcoming Saudi Arabian Grand Prix. Leclerc was forced to retire after finishing third behind Max Verstappen and Sergio Perez due to the pressure on Ferrari to challenge Red Bull’s dominance.

Despite this, Leclerc is considered the future of Ferrari and is expected to bounce back from this ill-suited situation.

Charles Leclerc’s salary

Charles Leclerc signed a career-high contract with Ferrari in 2019 after turning in highly good performances with the Alfa Romeo Sauber F1 Team in 2018. Many accounts claim that the Monegasque receives an astounding $12 million annually each year.

Charles Leclerc at Alfa Romeo having a conversation with Kimi Raikkonen(left) , Charles Leclerc at Ferrari(right) (Credit- SkySports, Scuderia Ferrari fans))
Charles Leclerc at Alfa Romeo having a conversation with Kimi Raikkonen (left), Charles Leclerc at Ferrari (right) (Credit – SkySports, Scuderia Ferrari fans)

This sum is expected to go up to $24 million annually from the 2023 season after the 25-year-old inked a hefty contract extension.

Charles Leclerc’s assets

Currently, Charles Leclerc resides in a lavish mansion in his native, Monaco. He is said to be the owner of four grand homes and three yachts. Although the cost is unknown, we can still say that it is nothing less than extravagant and impressive for a 25-year-old.

The Ferrari driver is rumored to be a major fan of wrist watches and his collection is worth an astounding $3.1 million, according to estimates. Leclerc is the proud owner of two pricey Hublot timepieces, the Hublot Big Bang Ferrari 1000 G ($52,000) and the Hublot Meca-10 Black Magic ($24,000).

Final preparations for the week-end done.
See you tomorrow đŸ‡·đŸ‡ș pic.twitter.com/ZF5ekcj8Zx

— Charles Leclerc (@Charles_Leclerc) September 24, 2020

He is the owner of a black, RM 25-01, and a black $775,000 RM 61-01 Ultimate Edition from Richard Mille. Leclerc is believed to own a number of other timepieces.

Leclerc’s car collection is astounding as well. He reportedly owns a Bugatti Chiron ($3 million), a Land Rover Discovery ($175,000), a Rolls-Royce Wraith ($1 million), a McLaren GT ($800,000), a Jaguar XF ($125,000), a Ferrari GTC4 ($850,000), a Ferrari F8 ($590,000), a McLaren ($800,000), and a Jaguar XF.

Charles Leclerc’s endorsements

Scuderia Ferrari and the Ferrari Driver’s Academy are Leclerc’s main sponsors. Despite the fact that he is only just starting out in his career, his talent will provide him an opportunity to attract more sponsors and supporters.

Richard Mille, the luxury watch brand, is responsible for sponsoring Leclerc since his early days and also had a hand in his impressive watch collection. He will inevitably draw the attention of numerous sponsors who will be hoping to capitalize on his long-term Ferrari relationship in order to make a reputation for themselves.

Collection Giorgio Armani Made to Measure Fall Winter 20-21
Photographer: John Balsom#giorgioarmani @giorgioarmani pic.twitter.com/ApxAjzYP84

— Charles Leclerc (@Charles_Leclerc) October 17, 2020

Leclerc is also a brand ambassador by the luxury Italian label, Giorgio Armani in 2019. It also has endorsement deals with Hublot, Ray-Ban, and a number of other high-end companies as per reports.

Charles Leclerc’s net worth

Charles Leclerc’s net worth is a stunning $125 million, per multiple publications. The expensive contract he signed with the Scuderia Ferrari team account for the majority of his net worth. As per statistics, with Leclerc’s most recent contract with Ferrari, the driver may see a hike in his net worth over the next few years.

Leclerc is also compassionate towards the needy and plays a role in contributing to society through charities. He is the face of the Princess Charlene Foundation, which the princess of Monaco established. It attempts to support kids’ growth in their appreciation of sports. Leclerc and Sebastian Vettel joined together in 2019 to play football for a cause that supported cancer research.

Warmed up with Seb before the race yesterday. He was very impressed with my football skills. pic.twitter.com/OAA5GRflZp

— Charles Leclerc (@Charles_Leclerc) September 28, 2020

Leclerc turned in his finest performance last year after two unsuccessful seasons. With 308 points and three victories, the Monegasque came in second place. The Monegasque is one of the more promising talents. He has driven with Ferrari veterans Kimi Raikkonen and Sebastian Vettel who have played a part in shaping his competitiveness.

In 2023, Ferrari seems to be the closest car to title defenders Red Bull and the Tifosi looks to Charles Leclerc to fight Max Verstappen at the very top

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Bipasha Deb

Bipasha Deb

Bipasha Deb is a Content Writer based in Bengaluru, India. She is pursuing her undergraduation in Economics. She is passionate about motorsports, particularly Formula One and is currently a writer at Sportsmanor.

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