How much is Kevin Magnussen worth in 2023? Let’s take a look

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Kevin Magnussen Career

Kevin Magnussen is a Danish racing driver who has made a name for himself in various motorsport championships around the world. He was born on October 5, 1992, in Roskilde, Denmark, and his father, Jan Magnussen, is also a former racing driver who competed in Formula One and other series.

Magnussen began his racing career in karting at a young age, winning several titles in Denmark and Europe. He then moved up to single-seater racing, winning the Danish Formula Ford Championship in 2008 and the Formula Renault 2.0 Northern European Cup in 2010. These victories established him as one of the top young talents in European motorsport.

In 2011, Magnussen joined the Formula 3 Euro Series and finished in second place in his rookie season, behind current Formula One driver Daniel Ricciardo. The following year, he won the championship with nine race wins and 14 podium finishes. This performance caught the attention of McLaren, who signed him as a junior driver and began grooming him for a future in Formula One.

Magnussen made his Formula One debut in 2014, driving for McLaren alongside Jenson Button. He impressed in his first race, finishing in second place at the Australian Grand Prix and becoming the first Danish driver to achieve a podium in Formula One. However, his results were inconsistent, and he struggled to match Button’s pace throughout the season. Magnussen scored only 55 points, while Button scored 126. He was replaced by Fernando Alonso for the 2015 season and spent a year as a reserve driver for the team.

Magnussen returned to Formula One in 2016, driving for the new Haas F1 Team. The 28-year-old has been vocal about his desire to return to the sport and is now looking forward to the challenge of competing with Haas.

Kevin Magnussen returned to Formula One in 2016, driving for the new Haas F1 Team.

“I’m delighted to be back in Formula 1 and to have the opportunity to race for Haas F1 Team,” Magnussen said. “I’m looking forward to getting to work and helping the team progress. It’s going to be an exciting year and I’m ready to get started.”

Team principal Guenther Steiner is also pleased to have Magnussen on board.

“When looking for a driver who could bring value to the team, not to mention a wealth of Formula 1 experience, Kevin was the obvious choice,” Steiner said.

Magnussen is also aware of the challenge that lies ahead, with Aston Martin has made a big step forward over the winter.

“Aston Martin has taken a big step over the winter and I’m sure they will be a force to be reckoned with this season,” Magnussen said.

The Dane is also looking forward to the challenge of competing against his former teammate, Romain Grosjean, who is now driving for the American team.

He scored points in his first race for the team and finished the season with 7 points, helping Haas to eighth place in the Constructors’ Championship. In 2017, Magnussen continued with Haas and scored 19 points, including a seventh-place finish in the Azerbaijan Grand Prix. He improved further in 2018, scoring 56 points and finishing ninth in the Drivers’ Championship, ahead of his teammate Romain Grosjean.

Kevin Magnussen Net Worth

Kevin Magnussen’s net worth is estimated to be $25 million in 2023. Reports state that he used to earn $500,000 per year at McLaren and Renault, but now makes roughly $2 million per year at Haas. GP Fans state that Magnussen earns a reported £5 million ($6 million) per year with Haas.

He also manages the KM20 Collection, an online business through which he sells his goods.

He resides in a lavish 6,900 square foot property. An estimated ten million dollars in USD were paid by Kevin Magnussen for this house. He recently purchased a Lamborghini Aventador for USD $1 million. Also, Kevin Magnussen is the owner of a $3 million Bugatti Chiron. He also drives a Land Rover Discovery, a Ferrari Portofino, and a Volvo XC60.

Magnussen continued to race for Haas in 2019 and 2020, but the team struggled with its car’s pace, and Magnussen scored only one point in each of those seasons. Despite this, he remained a consistent performer and showed flashes of his potential in qualifying and race trim. However, at the end of the 2020 season, Haas announced that Magnussen and Grosjean would not be retained for the following year, and Magnussen began exploring other opportunities in motorsport.

In 2021, Magnussen joined Chip Ganassi Racing in the IMSA WeatherTech SportsCar Championship, driving a Cadillac DPi-V.R alongside Renger van der Zande. In his debut race, the Rolex 24 Hours of Daytona, Magnussen and his teammates won the race, giving him his first major sports car victory.

Magnussen’s move to sports cars has allowed him to showcase his talents in a new discipline of motorsport. He has impressed with his speed and consistency in the IMSA WeatherTech SportsCar Championship and has shown that he is a versatile driver who can adapt to different types of cars and tracks. Magnussen has also expressed a desire to return to Formula One in the future, and his performances in sports cars could help him attract the attention of F1 teams looking for talented drivers.

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