Top 5 Richest F1 Drivers of All Time – Net Worth & Earnings

F1 drivers are some of the highest-paid individuals, with salaries in millions. The high risks they take on the track are being rewarded duly by F1 teams and sponsors, making them billionaires within a few years. But what if the driver wins many races and becomes a world champion multiple times? They become legends and icons of the sport; they also become celebrities. Drivers themselves become brands and get rich. So let's look at some of the richest F1 drivers in history.

Here are the top 5 richest Formula1 drivers of all time

5. Sebastian Vettel

The 4-time F1 world champion Sebastian Vettel’s net worth is around 140 million dollars. The German driver dominated Formula 1 during the 2010s and has won four consecutive F1 titles. He is one of the most successful F1 drivers in history. Vettel is now retired from F1 and is now using all his fame and money for social welfare activities and saving the environment. He is holding business ventures like BACX performance drinks and the SailGP racing team.

4. Kimi Raikkonen

The Finnish racing driver came from a humble background, but through all his hard work and skills, Kimi has earned himself a place in Formula 1. The Iceman is one of the most celebrated F1 racing drivers and many fans like him because of his attitude. The 2007 world champion's net worth is around $250 million. He has a partnership with the US clothing brand West Coast Choppers for a brand line named 'KIMI'.

3. Fernando Alonso

The two-time world champion Fernando Alonso is one of the highest-paid individual athletes in the world. The Spaniard has a net worth of around $ 260 million. He has been racing since 2001 and in all these years he has raced for many big teams like Renault, Ferrari, McLaren, Alpine and Aston Martin. All these teams have contributed to making him one of the richest drivers. He owns a fashion brand called KIMOA and also has investments in driver development programs and eSports.

2. Lewis Hamilton

One of the greatest of all time Lewis Hamilton is second on our list with a net worth of more than $ 285 million. The 7-time world champion has earned all fame and money by breaking all the records in Formula 1. His brand value is higher than his worth, as his Ferrari signing created a huge buzz that earned the Italian brand 1.3 billion in a single day. Hamilton has many business ventures, like the Neat Burger, +44 clothing, NFL team Denver Broncos, and Film production houses.

Also read: Top 5 reasons the F1 2025 season could be the best in F1 history.

1. Michael Schumacher

The most celebrated Formula 1 name in history is Michael Schumacher and his legacy is the benchmark for any new driver entering Formula 1. The first 7-time world champion has a net worth of $600 million and is one of the icons in the world. The greatest driver of all time is valued highly. During his time, he partnered with many brands, like Mercedes-Benz and Shell.

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