When it comes to motorsports, Michael Schumacher needs no introduction. He is one of the most gifted racers in Formula 1 history. F1 is the pinnacle of motorsports, and Schumacher reached it as a driver by winning seven world championships. He was the first racer to win 7 World Championship titles, breaking Juan Manuel Fangio’s previous record which stood for 49 years.
F1 fans acclaimed him as the greatest driver of all time. As ruthless as the sports, Schumacher dominated for more than 10 years. If you were an F1 fan watching the sport in the mid-2000s, you should be aware of Michael’s dominance. His dominance extended beyond the racing track, and many people from other sports wanted to meet him once in a lifetime.
Fun fact: Michael Schumacher was reportedly one of the first billionaires in sports, making him one of the richest athletes ever.
— Nathan (@b1gnate_11) September 18, 2021
Hamilton and Alonso are likely the only current drivers to earn $500,000,000+, but $1B in earnings might never be touched again by a driver. pic.twitter.com/O9m8ytE8sb
Micahel Schumacher’s total net worth is estimated to be about $800 million which makes him the highest-earning F1 driver of all time. In 2012, when he returned to F1 after taking retirement back in 2006, he mainly earned 50 million dollars as an annual salary from Mercedes with sponsors racking it up to 80 million dollars. He was one of the first billionaires in sports, making him one of the wealthiest athletes of all time.
Michael Schumacher’s earnings with Ferrari
When Schumacher joined Ferrari, the team was urged of financial stress. His time with Ferrari which spanned from 1996 to 2006, was undoubtedly the pinnacle of his career. From 2000 to 2004, he led the team to unprecedented success, winning five consecutive World Championships.
When Ferrari won the sixth Formula 1 driver title with him, they paid him an annual salary of $70 million. This period signified a remarkable era for both Schumacher and Ferrari, as the team attained unparalleled triumphs in the realm of Formula 1.
Later, following his retirement in 2006, when he made the decision to join Mercedes, his salary experienced a substantial increase to $80 million, which encompassed lucrative brand endorsements with Petronas, UBS Bank, and other notable companies.
Michael Schumacher’s earnings with Mercedes
Schumacher, a seven-time World Champion racer, received an annual salary of $ 0-80 million while driving for Mercedes. However, his career at Mercedes was not as successful as Ferrari’s. He also had various endorsement deals with reputed companies like Shell, Petronas. Euro Mazgine named him the world’s first billionaire athlete in 2005.
He popularised Formula 1 and made himself so wealthy that when he retired, he was the most profitable and richest driver in F1 history. Shell paid him $10 million per year to wear the cap and promote their brand in the motorsport world. Forbes named him the most famous sports personality in the world in 2012.
