Michael Schumacher's Net Worth

Formula One veteran Michael Schumacher hails from Germany and has driven for Jordan, Benetton, Ferrari, and Mercedes. At the time of his retirement from the sport in 2012, Schumacher held the records for the most wins (91), pole positions (68), and podium finishes (155), all of which have since been broken by Lewis Hamilton. However, Schumacher still holds the record for the most fastest laps (77), among other achievements.

Early Life

On January 3, 1969, in the town of Hürth, West Germany, Michael Schumacher entered the world. He inherited his father’s and mother’s racing genes and was born with the speed in his veins. At age four, Michael’s father retrofitted his pedal kart with a little motorcycle engine.

With their aid, he joined the Karting club at the Kerpen-Horrem track and quickly became the youngest member. At the tender age of six, Schumacher was crowned champion of his club. He kept racing karts throughout his childhood and into his teenage years, amassing a number of victories in national and international competitions around Germany and Europe.

Even though you need to be 14 to get a kart license in Germany, Schumacher got his in Luxembourg when he was just 12.

After receiving his German license in 1983, he went on to win numerous karting championships in Germany and around Europe. He started racing for Willi Weber’s WTS Formula Three team in 1989.

Michael Schumacher’s Net Worth

Michael Schumacher's Net Worth

A total of $600,000,000 is Michael Schumacher’s wealth. Michael is one of only a few sports figures to earn over $1 billion. When he was at the height of his career, he made an annual average of $80 million to $100 million. Ten million dollars a year was his salary for representing Shell in the media.

He got his start in racing at a young age and is often regarded as the sport’s most accomplished Formula One driver. He raced professionally from 1991 to 2006 for Jordan Benetton and Ferrari. Ralf Schumacher, Michael’s younger brother, also raced really well.

Michael’s life was tragically derailed in December 2013 due to a ski accident. His brain was irreparably damaged in the accident.

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F1 Racing Career of Michael Schumacher

While driving for the Jordan F1 team, Schumacher debuted at the 1991 Belgian Grand Prix and qualified tenth.

Schumacher had a sensational debut season, finishing third overall after winning his first race in Belgium. In 1994, he took home the world title by the slimmest of margins.

More formally, he assumed the role in 1995. Over the next four years, he and Benetton won 18 races and two world championships. In 1996, he joined the Italian Ferrari team, which had been winless in the world championship since 1980.

Michael Schumacher's Net Worth

Schumacher’s 1999 season was cut short after he shattered his leg in a crash at the British Grand Prix. This was the lone injury of Schumacher’s whole career. When the entire 1998 year was tallied, he finished second.

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After finishing second in the 2006 championship and adding seven more race victories to his career total of 91, the legend was still at the height of his powers. There had never been a more dominant champion, but he was bored of being the best and wanted to call it quits. The year 2006 marked the conclusion of Schumacher’s time at Ferrari.

However, his retirement turned out to be only temporary. Michael Schumacher, then 41 years old, took a three-year hiatus to serve as a Ferrari consultant before giving in to the temptation of driving for the new Mercedes squad managed by Ross Brawn in 2010.

His three-year comeback was marked by a lack of success, as he never finished higher than third place. Schumacher announced his second retirement in October 2012, following his first retirement in 2005.

Personal Life

Michael Schumacher's Net Worth

The couple tied the knot in August 1995. Gina-Marie (born in 1997), a daughter, and Mick (born in 2002) are their two children (b. 1999). Michael had been determined from the start that his private life be kept out of the limelight.

The Ferrari Driver Academy announced Mick Schumacher as a driver for the 2019 season. Michael used to ride horses all the time and play football for the local team, FC Echichens, before his accident.

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Assets Owned by Michael Schumacher

Together, Michael and his wife have amassed an impressive collection of properties all over the world. Michael and Corinna’s primary house was a Swiss mansion on the banks of Lake Geneva at the time of the catastrophe.

They were both avid horse lovers, so they bought a ranch in Texas and raised horses there. Michael’s wife spent $40 million on a mansion in Majorca, Spain, which is 160,000 square feet in size, in 2018.

A few of the vehicles in his collection are the Ferrari ENZO (at $2.6 million), the Ferrari FXX (at $2.8 million), the Ferrari F310 (at $895,000), the Ferrari 599 (at $403,120), the Ferrari California (at $414,810), the Ferrari 430 SCUDERIA (at $281,618 USD), and the MERCEDES-BENZ SLS AMG (at $209,000 USD).

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