Lewis Hamilton Net Worth (Money & Salary)
Title: Lewis Hamilton Net Worth (Money & Salary)
Last Updated: February 9, 2025
What is Lewis Hamilton’s Net Worth?
With a net worth of $300 million, Lewis Hamilton is a British Formula One racing driver. He began his F1 career with McLaren, where he claimed his first F1 Championship in 2008, making history as the youngest Formula One World Champion at that point. In 2013, Hamilton transitioned to Mercedes, achieving six more Championships (2014, 2015, 2017, 2018, 2019, 2020). Recently, on February 1, 2024, it was announced that Lewis will leave Mercedes to join rival Ferrari at the conclusion of the 2024 season.
Salary & Contracts
Regarded as one of the highest-paid F1 drivers globally, Lewis also ranks among the top-paid athletes overall. He typically earns between $70-90 million annually, primarily from his contract with Mercedes, which provides him with $60 million each year.
In July 2023, Lewis agreed to a two-year deal with Mercedes, ensuring a $60 million payout per year for the 2024 and 2025 seasons. However, he decided to exit this contract after just one year, opting to race for Ferrari in the 2025 season instead. It’s reported that his earnings with Ferrari could reach up to $107 million per year.
From June 2016 to June 2017, Lewis Hamilton generated approximately $50 million from endorsements and prize money. Following that, he earned $51 million between June 2017 and June 2018, and subsequently, $55 million in the next 12 months.
Clive Mason/Getty Images
Early Life
Lewis Carl Davidson Hamilton was born on January 7, 1985, in Stevenage, Hertfordshire, England. His mother, Carmen, is Caucasian, while his father, Anthony, is Black. Hamilton identifies as Black. Following his parents’ separation when he was two, he lived with his mother and half-sisters until age 12. He then moved in with his father, stepmother, and half-brother, Nicolas. At five years old, he began practicing karate for self-defense after experiencing bullying at school. When he turned six, his father gifted him a radio-controlled car, and the following year, Hamilton achieved second place in the British Radio Car Association championship. That same Christmas, he received a go-kart from his dad. Anthony Hamilton vowed to support his son’s developing racing career as long as Lewis prioritized school and maintained good academic performance. He attended the Catholic secondary school, The John Henry Newman School in Hertfordshire, where he also played football (soccer). In early 2001, he enrolled at Cambridge Arts and Sciences.
Career
According to tradition, Lewis Hamilton approached Ron Dennis, the principal of the McLaren racing team, and declared, “I want to race for you one day… I want to race for McLaren one day.” Such a bold statement coming from a ten-year-old is commendable.
In 1998, Hamilton became a part of the McLaren Young Driver program and officially joined Formula One as a McLaren driver in 2007. He is recognized as the first and only Black racecar driver in the sport. That year, he finished second to Kimi Räikkönen in the standings. In 2008, Hamilton became the F1 World Champion for the first time, clinching the title in the last race of the season. He then moved to Mercedes in 2013 and achieved consecutive World Championships.
In 2014 and 2015, Hamilton secured titles, marking significant victories. He clinched consecutive titles for the second time in his career during 2017 and 2018, and again in 2019. Currently, he holds seven World Championships, equaling Michael Schumacher for the highest number.
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In 2018, Hamilton unveiled a clothing line named TOMMYXLEWIS at New York Fashion Week, collaborating with American fashion designer Tommy Hilfiger and featuring models Winnie Harlow and Hailey Baldwin.
Throughout his career, Lewis Hamilton has attracted attention for his on-track maneuvers and off-track comments. He remains a prominent public figure, with media closely monitoring his statements.
While competing in Spain, he faced racial abuse from certain Spanish fans. His fierce rivalry with Spanish driver Fernando Alonso contributed to this hostility directed towards Hamilton. Admitting to his competitive nature, he acknowledges that it can lead to friction with fellow drivers.
Just a week prior to the 2018 German Grand Prix, Hamilton entered into a two-year contract extension with Mercedes, reportedly worth nearly $50 million annually.
In June 2020, Hamilton announced that he would race in an all-black Mercedes to show solidarity with the Black Lives Matter movement. He has been outspoken about the absence of diversity within Formula One. This car, dubbed the Black Arrow, was designed by Hamilton and made its debut in Austria during the Fourth of July weekend, as the delayed Formula One season commenced.
In 2022, significant technical regulation changes resulted in new car designs, and Hamilton struggled for much of the season. Despite achieving nine podium finishes, it marked the first time in his Formula One career that he did not win a race or secure a pole position.
Personal Life
Starting in November 2007, Hamilton began a relationship with Nicole Scherzinger, the lead singer of the Pussycat Dolls. They separated in early 2010 to focus on their individual careers but were later seen together at the Turkish and Canadian Grands Prix that same year. The couple experienced multiple breakups and reconciliations from 2011 to 2015, ultimately severing their relationship in February 2015.
Following his breakup with Scherzinger, he was linked to his long-time friend Rihanna for some time. Additionally, there were rumors connecting him to Rita Ora, Miss Finland Lotta Hinsa, Miss Grenada 2007 Vivian Burkhardt, model Winnie Harlow, Hungarian model Barbara Palvin, Sofia Richie, and also rapper Nicki Minaj, with whom he shared a romantic trip to Dubai.
Hamilton follows a vegan diet.
Some MPs have criticized Hamilton for avoiding U.K. taxes by residing abroad.
He was named after the Olympic sprint champion Carl Lewis.
As an Arsenal fan, Hamilton mentioned that without a career in Formula One, he could have pursued a career as a footballer or cricketer, as he played both sports in high school.
In 2022, Lewis announced his intention to legally modify his name to include his mother’s maiden name, Larbalestier, as a middle name.
In June 2022, Hamilton was honored with honorary citizenship of Brazil after a proposal from politician Andre Figueiredo was approved in the Brazilian Chamber.
of Deputies.
In September 2022, Hamilton initiated Team X44 to participate in the all-electric SUV off-road racing series known as Extreme E. In the inaugural Extreme E championship, Team X44 achieved a second-place finish and, in January 2022, they were honored with the Extreme E Sustainability Award. They clinched the 2022 Championship title, defeating RXR, who faced disqualification from the event.
Additionally, in 2022, Hamilton became a member of the newly created ownership group for the Denver Broncos.
Mark Thompson/Getty Images
Real Estate
Hamilton put his New York penthouse on the market in 2019 for $57 million. Situated in the same Tribeca building as celebrities like Justin Timberlake and Jessica Biel, Meg Ryan, Jake Gyllenhaal, and Bella Hadid, this 8,900-square-foot unit stands as the largest penthouse loft in the complex. He had purchased it for $43.9 million in 2017. In December 2021, he sold the property for $50 million, reportedly never having lived in the unit—likely due to his ownership of a nearby penthouse at 70 Vestry Street, which he bought in 2019 for $40.7 million.
In West London’s Kensington area, Hamilton possesses a four-story mansion with six bedrooms, built in 1860, valued at $25 million.
His real estate portfolio also includes apartments in Nyon, a Geneva suburb, as well as in Monaco, and a significant estate in Colorado where he intends to reside post-retirement.
Personal Car Collection
From the cars he has showcased on social media or has officially confirmed as his own, Lewis Hamilton’s collection is valued at a minimum of $40 million. His 1995 McLaren F1 alone approximates $20 million. Below are some notable vehicles in his 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 total value for just these eight cars amounts to: $34.4 million
Lewis Hamilton Net Worth (Money & Salary)
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Data is sourced from 2023 and 2024, with forecast data extending to 2025 and 2026. Additionally, we project the forecast data up to 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 9, 2025