Michael Schumacher Net Worth

How much is Michael Schumacher Worth?

in Richest AthletesRace Car Drivers
Net Worth:
$800 Million

Michael Schumacher's Annual Salary

$50 Million

Michael Schumacher net worth and salary: Michael Schumacher is a German Formula One race car driver who has a net worth of $800 million. Michael Schumacher was born on January 3, 1969 in Hürth which at the time was part of West Germany. He began racing at a very early age and is today considered to be the most successful Formula One driver of all time. He has has won the Formula One world driver's championship seven times (1994, 1994, 2000, 2001, 2002, 2003 and 2004). Schumacher is also one of the highest paid athletes of all time. Even in years when he is not racing, Schumacher can easily earn $50 million per year from endorsements. At the peak of his career, he was paid $10 million per year by Shell to wear a hat with the company's logo at nearly all public appearances. His career spanned from 1991 to 2006 with Jordan Benetton, and Ferrari. In 2010 he announced a comeback with Mercedes GP.

Michael Schumacher was practically born with speed in his blood. At the age of four his father put a small motorcycle engine in his pedal kart. With his parents support he became the youngest member of the karting club at the Karting track in Kerpen-Horrem. At the age of six Schumacher would win his first club championship. He would continue racing throughout his childhood and teen years, winning many of the championships in German and European kart races.

Michael made his Formula One debut in 1991 at the Belgian grand pix. He hit his stride in 1994 when he won six out of seven races. In 1996 he joined the Scuderia Ferrari S.P.A racing team. The team struggled for years to win a championship until the arrival of Schumacher. Michael began winning races for the struggling team practically overnight. This success became especially apparent in 1999 when Michael won the prestigious Constructors title. Though his career was on fire in the late 90s, the next decade would bring another string of highly successful and lucrative wins. Beginning roughly in 2000, Schumacher would go on to win more championships than any other driver in the history of racing. He won the World Championship in 2000 (his third one), Italian Grand Pix, and the Japanese Grand pix. His success would dwindle down around 2005 and in 2006 he announced his retirement. He currently lives in Switzerland.

Have something to add to this net worth? Share it by adding comments below.
Michael Schumacher

Michael Schumacher

Race car driver
Schumi, Schuey, The Red Baron
Race car driver, Voice Actor
Date of Birth
5 ft 8 in (1.74 m)
165 lbs (75 kg)
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
Articles Written by Brian Warner
Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
Did we make a mistake?
Submit a correction suggestion and help us fix it!
Submit a Correction