What is Lewis Hamilton's Net Worth in 2024?

By Jocelyn Alano April 18, 2024 15:47

Lewis Hamilton, a trailblazer in the world of Formula One (F1) racing, has established himself not only as a legendary driver but also as a shrewd investor and a globally recognized sports icon.

His remarkable success on the track has been complemented by his impressive net worth, which is a result of his outstanding career earnings, lucrative endorsements, and diverse investment portfolio.

Career Earnings

McLaren Years (2007-2012)

Hamilton's career kicked off at McLaren in 2007 with an initial salary of approximately $300,000, which escalated to around $10 million towards the end of his tenure with bonuses included.

Mercedes Era (2013-2025)

Upon joining Mercedes in 2013, Hamilton signed a deal reportedly worth £60 million over three years. His annual earnings increased to around £33 million ($50 million) per year by 2015. His latest contract, extending through 2025, sees him earning $55 million annually, making him one of the highest-paid drivers on the grid.

Upcoming Ferrari Contract (From 2025)

Hamilton's upcoming contract with Ferrari starting in 2025 is reported to be around $100 million per year, including salary, sponsorships, image rights, and bonuses.

Endorsements and Business Ventures

Hamilton's endorsement deals with high-profile brands such as IWC, Tommy Hilfiger, Police, Electronic Arts, and others are estimated to net him an additional $10 million annually, as reported by Forbes.
His move to Ferrari in 2025 marks a significant chapter in his career, not only in sporting terms but also financially, as he joins one of the most storied teams in F1 history.
Hamilton's business ventures span various industries, including sports, sustainability, and food and beverages. Notably, he is a part-owner of the Denver Broncos, has invested in the vegan burger chain Neat Burger, and has backed non-alcoholic tequila brand Almave.

Investment Portfolio

Hamilton's investment portfolio also extends to the development of the Mercedes-Benz Project One hypercar and his team, the X44, in the Extreme E off-road series.
He has diversified his investments by backing British drinks company Green Drink, a vertical farming application called Bowery, and a grocery delivery application called Zapp.

Real Estate and Assets

Hamilton's wealth is reflected in his assets, including luxury properties in London, Monaco, New York, and a collection of high-end cars and a private yacht, showcasing his taste for the finer things in life.

Summary

Lewis Hamilton's net worth in 2024 stands at an estimated $285 million, reflecting his exceptional career in F1 racing, savvy investments, and lucrative endorsement deals.

His journey from a young karting prodigy to a global motorsport icon is not just a tale of racing triumphs but also a story of shrewd financial acumen and diverse investments.

Lewis Hamilton's net worth is a mirror to his multi-faceted life, showcasing not just a driver who excels on the track but also a savvy investor, a passionate advocate for social causes, and a global icon whose influence transcends the world of F1.

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