Lewis Hamilton Net Worth (Money & Salary)
Title: Lewis Hamilton Net Worth (Money & Salary)
Last Updated: February 2, 2025
What is Lewis Hamilton’s Net Worth?
British Formula One racing driver Lewis Hamilton boasts a net worth of $300 million. He began his F1 career with McLaren, winning his inaugural F1 Championship in 2008 and becoming the youngest-ever Formula One World Champion at that time. In 2013, he transferred to Mercedes, where he went on to clinch six more championships (2014, 2015, 2017, 2018, 2019, 2020). On February 1, 2024, it was announced that Lewis would switch from Mercedes to rival Ferrari after the 2024 season.
Salary & Contracts
Lewis stands as one of the top earners among F1 drivers globally and ranks among the highest-paid athletes overall. Annually, he typically earns between $70-90 million, primarily from his Mercedes contract, which is worth $60 million a year.
In July 2023, Lewis inked a two-year deal with Mercedes, ensuring $60 million annually for the 2024 and 2025 seasons. However, he chose to break this contract after just one season and will instead join Ferrari for the 2025 season, where he is expected to earn up to $107 million annually.
From June 2016 to June 2017, Lewis Hamilton garnered approximately $50 million through endorsements and prize money. During the subsequent year (June 2017 to June 2018), he earned $51 million, followed by $55 million in the next 12 months.
Clive Mason/Getty Images
Early Life
Born on January 7, 1985, in Stevenage, Hertfordshire, England, Lewis Carl Davidson Hamilton has a Caucasian mother, Carmen, and a Black father, Anthony. Hamilton identifies as Black. When he was two, his parents separated, and he resided with his mom and half-sisters until he turned 12. After that, he moved in with his dad, stepmother, and half-brother Nicolas. At five, Hamilton began practicing karate for self-defense due to bullying at school. When he turned six, his father gifted him a radio-controlled car, and the following year, he achieved second place in the British Radio Car Association championship. That same Christmas, he received a go-kart from his dad. Anthony Hamilton committed to supporting his son’s growing racing ambitions, provided Lewis maintained his schoolwork. He attended The John Henry Newman School, a Catholic secondary school, where he also played soccer, before studying at Cambridge Arts and Sciences starting in early 2001.
Career
The story goes that at the tender age of ten, Lewis Hamilton approached Ron Dennis, the principal of McLaren Racing, stating, “I want to race for you one day… I want to race for McLaren one day.” Such a bold declaration is impressive for any young driver.
In 1998, Hamilton joined the McLaren Young Driver program and became an official McLaren F1 driver in 2007. He is known as the first and only Black driver in Formula One. Hamilton finished the 2007 season as the runner-up behind Kimi Räikkönen. In 2008, he captured his first F1 World Championship, winning it in the season’s final race. Then, in 2013, he signed with Mercedes and achieved back-to-back World Championships.
In 2014 and 2015, Hamilton clinched championships, securing consecutive titles for the second time in his career in 2017 and 2018, and then again in 2019. He has achieved seven World Championships as of this moment, placing him in a tie with Michael Schumacher for the most.
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In 2018, Hamilton unveiled his clothing line, TOMMYXLEWIS, in collaboration with American fashion designer Tommy Hilfiger during New York Fashion Week, accompanied by models Winnie Harlow and Hailey Baldwin.
Controversy has often surrounded Lewis Hamilton both for his actions on the racetrack and his comments off it. Being in the public eye means his statements receive intense scrutiny.
While competing in Spain, he faced racial abuse from some local fans, largely due to his intense rivalry with Spanish driver Fernando Alonso, which incited hostility among Spanish supporters. Hamilton acknowledges his competitive nature, which can lead to tension with fellow drivers.
Leading up to the 2018 German Grand Prix, Hamilton agreed to a two-year contract extension with Mercedes; reports suggested the deal was worth nearly $50 million annually.
In June 2020, Hamilton announced that he would race in an all-black Mercedes to support the Black Lives Matter movement. He has been outspoken regarding the lack of diversity in Formula One racing. The car, named the Black Arrow, was designed by Hamilton and made its debut in Austria during the July 4th weekend when the Formula One season finally commenced.
The 2022 season brought substantial changes in technical regulations, resulting in new car designs, and Hamilton faced struggles throughout 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
Hamilton began a relationship with Nicole Scherzinger, lead singer of the Pussycat Dolls, in November 2007. They separated in early 2010 to concentrate on their careers, though they were seen together at that year’s Turkish and Canadian Grands Prix. From 2011 to 2015, the couple went through several breakups and reconciliations before ultimately parting ways in February 2015.
Post his relationship with Scherzinger, rumors circulated about him dating longtime friend Rihanna for a brief period. Other speculated relationships include those with Rita Ora, Miss Finland Lotta Hinsa, Miss Grenada 2007 Vivian Burkhardt, model Winnie Harlow, Hungarian model Barbara Palvin, and Sofia Richie. He was also romantically associated with Nicki Minaj, with whom he took a vacation in Dubai.
Hamilton follows a vegan lifestyle.
Some Members of Parliament have criticized Hamilton for evading U.K. taxes while living abroad.
His name honors Olympic sprint champion Carl Lewis.
An Arsenal supporter, Hamilton has expressed that if he hadn’t pursued a career in Formula One, he might have been a footballer or cricketer, as he played both sports in high school.
In 2022, Hamilton announced his intent to legally change his name to include his mother’s maiden name, Larbalestier, as a middle name.
In June 2022, he was conferred honorary citizenship of Brazil following the approval of politician Andre Figueiredo’s proposal in the Brazilian Chamber.
of Deputies.
In September 2022, Hamilton initiated Team X44, aiming to participate in the all-electric SUV off-road racing series known as Extreme E. The inaugural Extreme E championship saw Team X44 secure a second-place finish, and in January 2022, they were honored with the Extreme E Sustainability Award. Ultimately, they claimed the 2022 Championship, triumphing over RXR, who faced disqualification from the race.
Furthermore, in 2022, Hamilton became a member of the newly formed ownership group for the Denver Broncos.
Mark Thompson/Getty Images
Real Estate
In 2019, Hamilton placed his New York penthouse on the market for $57 million. This penthouse, situated in the same Tribeca building as celebrities like Justin Timberlake and Jessica Biel, Meg Ryan, Jake Gyllenhaal, and Bella Hadid, boasts 8,900 square feet, making it the largest loft in the building. He acquired it for $43.9 million in 2017 and sold it in December 2021 for $50 million, having reportedly not lived there. This could be due to his ownership of another penthouse nearby at 70 Vestry Street, which he purchased in 2019 for $40.7 million.
Additionally, Hamilton possesses a four-story mansion constructed in 1860, featuring six bedrooms, located in Kensington, West London, with a valuation of $25 million.
Moreover, Hamilton has apartments in Nyon, a Geneva suburb, and Monaco, and he owns an estate in Colorado, which he plans to reside in post-retirement.
Personal Car Collection
Considering the vehicles he has displayed on social media or confirmed ownership of, Lewis Hamilton’s car collection is estimated to be worth at least $40 million. His 1995 McLaren F1 alone accounts for approximately $20 million. Below are some key highlights from 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 vehicles amounts to: $34.4 million
Lewis Hamilton Net Worth (Money & Salary)
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Data is sourced from 2023 and 2024, with forecasts extending into 2025 and 2026, including further projections for 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 2, 2025