Michael Schumacher Net Worth

Michael Schumacher is a German Formula One driver who has won Formula One world driver's championship several times, he has a net worth estimated at $400 million and annual salary of $50 million. His career spanned from 1991 to 2006 with Jordan Benetton, and Ferrari. In 2010 he announced a comeback with Mercedes GP.

Schumacher was born on January 3rd 1969. He was born in Hürth-Hermülheim, in West Germany. And he 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, winning many of the championships in German and European kart races.

He would make 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 Scunderia Ferrari S.P.A. The team struggled for years to win a championship but failed until the arrival of Schumacher. He would he began to win races for the struggling team. This all really became apparent in 1999 when he would win them the Constructors title. Though his career was on fire nothing would prepare him or the world for the next decade. The next few years saw Schumacher win more championships that 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.

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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+.