Who are the richest F1 drivers of all time? How much are the wealthiest Formula 1 racing drivers worth? Read on to find out.
As Formula 1 enjoys vast success, the drivers, who provide most of the action on the tracks have enjoyed financial gains from their exploits. Read on to find out if your favorite F1 driver made our top list.
Often, the most successful drivers on the race tracks have enjoyed the most financial success, which arises from lucrative contracts and mouth-watering endorsement deals with top brands.
SportyTell takes an in-depth look at the top-10 richest F1 drivers in the world and their net worths in 2020.
The Richest F1 Drivers in the World Right Now
10. Nico Rosberg
Net Worth: $50 million
Retired and out of action, Rosberg’s stint in Formula 1 was marked by a tense rivalry between him and current defending champion, Lewis Hamilton.
The rivalry between him and Hamilton led him to become the only driver who has lifted the Formula 1 Championship aside from defending champion Lewis Hamilton in the last six years.
Rosberg, who raced for team Mercedes, is most recognized in the Formula 1 for his 2016 Championship win, which was preceded by a tense rivalry between him and Hamilton.
Nico Rosberg’s net worth is $50 million as of 2020.
9. David Coulthard
Net Worth: $80 million
From 1994 to 2008, David Coulthard raced with several talented racers on the Formula 1 racing tracks. During those 14 years of steering, David Coulthard tried but was not successful in winning the Formula 1 Championship.
On several occasions, he came close, but he wasn’t close enough. In 1998, David Coulthard, who was then competing for Williams, emerged third.
The next three years saw him try with a great deal of determination, which saw him emerge second. David Coulthard now utilizes his experience accumulated as an F1 driver in providing analysis of racing series as a journalist.
David Coulthard’s net worth $80 million as of 2020.
8. Ralf Schumacher
Net Worth: $100 million
The name Schumacher rings a bell in the mind of every avid Formula 1 fan, but Ralf Schumacher isn’t who you think he is. Ralf Schumacher is known as the younger brother of F1 legend, Michael Schumacher.
Ralf competed in Formula 1 for ten years, precisely from 1997 to 2007. Ralf, who drove for Toyota, Williams, and Jordan throughout his career, won 6 Grand Prix.
After ten years of not achieving his desired results, Ralf retired and went on to join the Deutsche Tourenwagen Masters.
Ralf Schumacher’s worth is $100 million as of 2020.
7. Edmund Irvine Jr.
Net Worth: $120 million
Northern Ireland racer, Edmund Irvine Jr, may not be widely known in Formula One as he competed for a relatively short period, and he did not accrue much success, which will have placed in the public domain.
Despite debuting in the F1 in 1993, it wasn’t until the 1999 season that he emerged as a front runner after winning four races during the season, which challenged eventual winner, Mika Häkkinen, for the F1 Championship.
Edmund Irvine Jr’s net worth is $120 million as of 2020, placing him 7th on our list of the wealthiest F1 drivers in the world.
6. Sebastian Vettel
Net Worth: $120 million
In Formula 1, Sebastian Vettel needs no introduction. Vettel is one of the most successful and highest-paid drivers in Formula 1. Even though he has not won a title since 2013, Vettel remains a significant driver in Formula 1.
From 2010 to 2013, Vettel led Red Bull to a very successful campaign as he won the Formula 1 Championship four times. His reign was, however, cut short by defending champion, Lewis Hamilton.
Since the retirement of Nico Rosberg, he has stepped up as the main rival of Lewis Hamilton. Vettel, who currently races for Ferrari, holds the record for most successive wins with nine racing wins.
Sebastian Vettel’s net worth is $120 million as of 2020, making him the 6th richest F1 driver in the world.
5. Jenson Button
Net Worth: $150 million
Still, a racing driver but no longer a Formula 1 driver, Jenson Button’s stint in Formula 1 lasted 17 years. Over those years, he competed for Renault, Honda, BAR, Willians, Brawn GP, and Benetton.
Button is most recognized in Formula 1 for his successful 2009 season, where he emerged the Formula 1 Champion while competing with Brawn GP.
Jenson Button’s net worth is $150 million in 2020.
4. Kimi Räikkönen
Net Worth: $180 million
Iceman is no stranger to Formula 1. Kimi Räikkönen, who is nicknamed the Iceman, currently competes for Alfa Romeo Racing.
Kimi, who left Formula 1 in 2010, returned to action in 2012. Before leaving Formula 1, Kimi won the 2007 Formula 1 Championship. Since his return to Formula 1 in 2012, though he has won some Grand Prix, Kimi has not won any F1 Championship.
Kimi Raikkonen’s net worth is valued at $180 million in 2020, making him 4th on our wealthiest F1 drivers list.
3. Fernando Alonso
Net Worth: $240 million
A very successful Spanish racer, Alonso loves to try his hands at various racing tournaments, and Formula 1 was one stop in his career, which he’ll never forget.
Alonso, who retired from Formula 1 in 2018, won the 2005 and 2006 Formula 1 Championship. Alonso won the championship while competing for Renault.
While he competed in the Formula 1, Alonso competed for Minarda, McLaren, Ferrari, and Renault.
Fernando Alonso’s net worth is $240 million in 2020.
2. Lewis Hamilton
Net Worth: $285 million
In every Formula 1 race, fans always have their eyes out for Lewis Hamilton. That is because Hamilton has set a standard that no one in Formula 1 except himself has lived up to.
His impressive achievements in Formula 1 includes 6 Formula 1 championship wins, with three of those wins successive, plus other records.
Hamilton has been touted by pundits as the greatest driver in the history of Formula 1. He is the current defending champion in Formula 1.
Lewis Hamilton’s net worth is $285 million in 2020, making him the 2nd richest F1 driver of all time.
1. Michael Schumacher
Net Worth: $600 million
The name Schumacher attracts respect and honor in Formula 1. That is because the man who goes by the name Michael Schumacher is, by any standard, top on the list of greatest drivers that have raced the tracks of Formula 1.
Michael Schumacher has won 7 F1 Championships, the most for a Formula 1 driver, and five of these wins came successively.
He also doubles as the winner of the most Grand Prix. Michael Schumacher ranks as the number one Formula 1 driver in history, an opinion that may be disputed by some pundits and fans.
Michael Schumacher’s net worth is valued at $600 million as of 2020, making him the wealthiest F1 driver in the world right now.
Conclusion
Our list of the wealthiest F1 drivers was compiled based on data obtained from Forbes and Celebrity Net Worth.
The wealth of some of these F1 drivers may not be entirely generated from the sport, which was a factor considered during this compilation.
What are your thoughts about these wealthy F1 drivers? Please share it with us in the comments section below.