Lewis Hamilton's Net Worth, Ferrari Contracts and Real Estate

Lewis Hamilton's Net Worth 2024: How He Made It?

Whenever we talk about Formula 1, Lewis Hamilton is one such legend who is significant to mention. He became the youngest-ever Formula One world champion when he started his career with McLaren. In 2013, he joined Mercedes and won six championships, but now he has revealed that he will join Ferrari at the end of this season. Lewis Hamilton is more than a Formula 1 racing driver whose net worth is crucial to acknowledge. Here, we have penned down Lewis Hamilton's net worth, salary, and contracts. Let's dive into the life of Lewis Hamilton, the legend in the world of motorsports.

Key Highlights

  • Lewis Hamilton's current net worth is 25 million, making him one of the wealthiest athletes in the world. 

  • Hamilton earns significant income from endorsement deals with renowned brands like Tommy Hilfiger, Bose, Mercedes Benz, Puma energy drinks, etc.

  • His shift from McLaren to Mercedes and now to Ferrari shows his strict decisions in the Formula 1 race.

What Is Lewis Hamilton's Current Net Worth?

Lewis Hamilton has an estimated net worth of $285 million. In 2020, he was also the wealthiest sportsman, according to the Sunday Times. His net worth is from a wide range of assets and properties located in different cities like Monte Carlo, London, Geneva, Manhattan, etc. Moreover, he also has a collection of luxurious cars and vast investments that significantly contributed to his financial prosperity. His salary of $55 million shows his exceptional capacity and remarkable accomplishment in Motorsport.

How Does Lewis Hamilton Make His Money?

Apart from his success on the race track, he has also signed different endorsement agreements with world-famous brands that help him make more money. He is the brand ambassador of many brands like IWC, Tommy Hilfiger, Bose, electronic arts, Mercedes Benz, Puma, police, and Monster Energy. He also signed an endorsement deal with Qualcomm, a semiconductor manufacturing company, for around $9.8 million. It was a deal between Lewis, Mercedes-Benz and Qualcomm, in which Qualcomm assisted Mercedes-Benz engineers in analysing data.

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Salary & Contracts of Lewis Hamilton

Dive into the world of Lewis Hamilton's salary and contracts. Uncover the numbers behind the racing legend's lucrative deals.

Lewis Contracts

Lewis Hamilton's journey in Formula 1 is a remarkable journey that defines his success and strategic decisions. 

  • McLaren to Mercedes: Lewis started his professional Formula One career with McLaren and joined as a young driver, making his debut in 2007. In 2008, with Mclaren, he won the world championship. With McLaren, he solidified his status as a world-class driver.

  • Mercedes: In 2013, Lewis made his career with Mercedes and made a historical alliance in Formula One history. He attended unprecedented success and secured six out of seven World championships, becoming the most celebrated Formula 1 driver in race history. After his 11th season with Mercedes, he continued his contract for two years, during which Mercedes and Hamilton committed to continuing the success.

  • Ferrari: His recent decision to move to Ferrari for the 2025 season is the most significant talk in the F1 community. Ferrari officially confirmed Hamilton signed a multi-year deal, and Mercedes confirmed his departure before the 2024 season. With Ferrari, Hamilton will receive about $100 million annually, including salaries, sponsorships, image rights, and incentives.

Lewis Salary

  • 2007 to 2012: He started his career in 2007 with approximately $300,000, and towards the end of his tenure with Mclaren, he was earning $10 million with bonuses.

  • 2013 to 2025: In 2013, he initially signed a deal worth $70 million for over three years, and by 2015, his earnings increased to around $50 million per year. According to his latest contract, by 2025, his earnings salary will be $55 million, making him one of the highest-paid drivers. 

  • 2025 Onwards: In 2025, a new contract with Ferrari will start, but his contract has not been disclosed. According to the report, he will earn $100 million annually, including salary sponsorships, image rights, and bonuses.

Lewis Hamilton Investment Overview

Apart from being a multi-billionaire, Hamilton is also an entrepreneur. He has accumulated his wealth by investing in many meaningful ways. Lewis bought a stake in the National Football League team, Denver Broncos. He is now a part owner of the Broncos. He is also interested in increasing his presence in sports leagues similar to the National Football League. 

Lewis Hamilton also owns a meat burger startup called Neat Burger. He also invested in a British drink company called Green Drinks with model Cindy Crawford. 

Lewis, with American singer Justin Timberlake, has invested in a vertical farming application called Bowery. He has also made a significant investment in a grocery application named Zapp.

Lewis Hamilton Real Estate

Lewis Hamilton is the proud owner of at least four luxurious homes. His primary residence is in Monty Carlo in Monaco. He purchased a property in Monaco in 2010. His apartment is believed to be a four-bedroom duplex with a beautiful view of the Mediterranean Sea. The apartment is over 2000 square feet, around $37.5 million.

He owns two properties in New York. In 2019, he made $40 million in investment to acquire a penthouse in Manhattan, which is part of a condo project partly owned by the National Football League legend Tom Brady. It is spread over 6,540 square feet and has a swimming pool, fitness centre, a squash quote library, and a wine cellar. 

He also owns a house in New York, which is a massive 8,900-square-foot penthouse that he bought in 2017 for about $43.9 million. However, he sold his property in 2021 for about $50 million.

Lewis Hamilton Family and Personal Life Overview 

Lewis Hamilton was born on 7 January 1985 in Stevenage, United Kingdom. His father is Anthony Hamilton, and his mother is Cameron Larbalestier. His parents split up when he was just two years old, and he spent most of his life with his father. Lewis Hamilton is unmarried, but he has had several relationships. He dated Scherzinger several times. He also dated Rihanna, Gigi Hadid, Kendall Jenner, and Shakira. However, none of his relationships have been serious or long-term. He famously said that his top priority is his cars.

Conclusion

Lewis Hamilton's journey from McLaren to Mercedes and now to Ferrari showcases his incredible success and strategic choices in Formula 1. He has a net worth of about $285 million, which he has made through his strategic investments and endorsement deals. Lewis Hamilton's contract with multiple brands shows his ability to earn more money. He is one of the wealthiest athletes in the sports world. Without his, Formula One is fragmented.

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10 Mar, 2024

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