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Michael Schumacher Net Worth

Michael Schumacher (Source: Getty Images)

What is Michael Schumacher’s Net Worth?

$600 Million

Michael Schumacher has a net worth of $600 million and is a former German Formula One race car driver. Cementing himself as the legend in Formula One, he grossed $80-$100 million per year at the height of his career.

Schumacher has a combined seven World Drivers’ Championship titles shared with another racer, Lewis Hamilton. He also holds the records for the fastest laps and the most races won in a single season, among others.

Schumacher has been interested in humanitarian projects and has donated tens of millions of dollars to charity as an advocate for UNESCO.

In a skiing accident in December 2013, Schumacher suffered a severe brain injury. He was put into a medically induced coma until June 2014, and he suffered lifelong brain damage as a result.

Quick Facts About Michael Schumacher

Michael Schumacher Net Worth$600 Million
Salary$50 Million
Date of BirthJan 3, 1969
Age52
GenderMale
NationalityGerman
ProfessionRace Car Driver
Relationship StatusMarried
WifeCorinna Schumacher

Michael Schumacher Career – Salary, Racing And More

Schumacher’s net worth is estimated to be around $600 million as a result of his racing career. He also earns an average income of $50 million, which is among the richest in the racing industry. Schumacher also makes a lot of money through his endorsements. Schumacher earned $50 million in sponsorships alone even when he wasn’t racing.

Since Forbes began tracking athletes in 1990, he has appeared on every year’s list of highest-paid athletes.

Schumacher joined Willi Weber’s WTS Formula Three team in 1989. He competed in the German Formula Three series, winning the championship in 1990. Despite only competing in three of the nine races in the 1990 World Sportscar Championship season, Schumacher won the season finale at the Autódromo Hermanos Rodrguez and ended sixth in the Drivers’ Championship.

Michael Schumacher holds his trophy after winning the British Formula One Grand Prix in Silverstone, 7 July 2002. (Source: Alamy)
Michael Schumacher holds his trophy after winning the British Formula One Grand Prix in Silverstone, 7 July 2002. (Source: Alamy)

Schumacher would go on to win more titles than any other driver in history, starting around the year 2000. Seven times he won the Formula One world driver’s championship (1994, 1994, 2000, 2001, 2002, 2003, and 2004). He was voted the most popular driver of the season by Formula One fans in a 2006 FIA poll.

Schumacher is credited with commercializing Formula One in Germany, where it was initially assumed to be a minority sport. Schumacher was named the most important figure in Formula One history in 2020.

You may also want to read: Is Sadio Mane’s Net Worth In Million? Spends Money In Charity

Michael Schumacher: Info on His Personal Life and Family

Michael married Corinna Betsch in August 1995. Gina-Marie (born February 20, 1997) is their daughter, and Mick is their son (born 22 March 1999). Schumacher has always been guarded about his personal life and is known to despise the limelight.

In 2007, the family relocated to a 650-square-meter estate near Gland, Switzerland, complete with a private beach on Lake Geneva and an underground garage and petrol station with a vintage Shell fuel pump. In Texas and Switzerland, Schumacher and his wife operate horse ranches.

Michael Schumacher Wiki – Info on his Early Years and Parents

Michael Schumacher was born on January 3, 1969, in the West German town of Hürth, North Rhine-Westphalia, to working-class parents Rolf (a mason who later owned the local kart track) and Elisabeth (who ran the circuit’s restaurant).

Schumacher won his first club championship at the age of six after his father constructed him a kart out of leftover pieces. Rolf took on a second job renting and repairing karts to help finance his son’s racing, while his wife worked at the track’s canteen.

Interesting Facts About Michael Schumacher

  • Ralf Schumacher, his younger brother, is also a racer.
  • Even after his retirement in 2006, he continued to work as a consultant for Ferrari.
  • He is a huge football fan.
  • As of September 2021, his instagram account has over 970k followers. (@michaelschumacher)
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