The former German racing driver, Michael Schumacher, has a net worth of 650 million dollars.
Michael Schumacher is known for his Formula One competition for Jordon, Benetton, Ferrari, and Mercedes.
He has a joint record of seven World Diver’s Championship titles. By Schumacher’s retirement, he held the most wins, pole positions, and podium finishes.
When the German racer moved to Ferrari, he won five titles consecutively from 2000 to 2004 and unprecedented sixth and seventh titles.
As an ambassador for UNESCO, the former race driver has been involved in various projects and charities.
|Full name||Michael Schumacher|
|Birthdate||January 3, 1969|
|Birthplace||Hurth, West Germany|
|Age||53 years old|
|Father’s name||Rolf Schumacher|
|Mother’s name||Elisabeth Schumacher|
|Sibling Name||Ralf Schumacher|
|High School||Realschule der Stadt Kerpen school|
|Wife’s Name||Corinna Schumacher|
|Children||One son and one daughter|
|Children’s Name||Mick Schumacher|
|Weight||In Kilograms – 74 kg|
In Pounds – 165 lbs
|Height||In Centimetres – 174 cm|
In Feet and Inches – 5′9″
|Hair Color||Dark Brown|
|Profession||German racing driver|
|Entries||308 (306 starts)|
|Net Worth||$650 Million|
|Social Media||Instagram, Twitter|
|Merch||Michael Schumacher Shop, Cap, Shirt|
|Last Update||December, 2022|
Michael Schumacher | Net Worth & Salary
Michael Schumacher is one of the most successful Formula One drivers in history.
He’s a common name that has appeared on the Forbes list of the wealthiest athletes many times.
Schumacher is among the highest-paid athletes, surpassing 1 billion dollars in career earnings.
Most of their salary for Michael comes from his primary career, racing for Mercedes and Ferrari. However, most of Michael’s income comes from his participation in different advertisements.
When Schumacher joined Ferrari, he had a salary of $60 million over two years. On Schumacher’s F1 return, he earned nearly 30 million pounds as his annual salary.
Net Worth of Michael Schumacher in Different Currencies
Let’s look at Michael Schumacher’s net worth in different currencies, including BitCoin.
Michael Schumacher Net Worth | Lifestyle
The Formula 1 legend, Michael Schumacher, and his wife, Corrina Schumacher, lived in the famous estate on Lake Geneva, Switzerland.
The estate is in a posh area and surrounded by dense trees, with utmost priority given to the privacy of the Schumacher family. Likewise, the property consists of three distinct buildings inside it.
The building overlooks the famous Lake Geneva, where the Schumacher family resides with their children, Mick, and Gina Schumacher. The property also included a swimming pool.
The second building inside the property is the guesthouse. Lastly, the third structure is Michael’s workplace.
What followed after Michael’s tragic incident?
Michael placed various books and models in his office along with his 10 Ferrari cars. Meetings with different people, such as his PR consultant, were also held in the office.
However, after Michael’s tragic skiing accident, his wife has kept the couple’s famous estate in Switzerland on the market.
Moreover, the Schumacher property of 20,000 square meters on the bank of Lake Geneva has been listed at €6.4 million. The current amount is said to be double that Schumacher paid for the property in 2002.
Similarly, the Schumacher couples also own horse ranches in Texas, the USA, and Switzerland.
According to different reports, the family has been reading in Spain for a while. However, no information about his House in Spain has yet been revealed to the public.
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The former driver of Formula 1, Schumacher, has a private car collection worth millions. Not to mention, Schumacher took possession of various F1 cars he drove during his career.
The Ferrari FXX was made to track use with a track-only development prototype built, and Schumacher himself had a hand in its development process. The car alone is worth $2.1 Million, excluding taxes.
Similarly, the former race driver also had some input on the buildout of the Ferrari Enzo, and he owned it since the moment it came off the assembly line. The cost of the Enzo is $2.64 million.
The former racer also owns one of the fastest cars on the track, the Mercedes SLS AMG, with a starting price of over $200,000.
The car accelerates to 100 km/h in 3.6 seconds and attains a top speed of 315 km/h.
Michael Schumacher | Endorsement and Sponsorship
The former race driver is among the highest-paid athletes, and even after his retirement, Michael still earns from his endorsements.
In 2013, Schumacher fell while skiing with his son, and his head hit on a rock which caused him a severe head injury. Despite such damage, he was still earning $50 million every year.
During his career course, he was paid a staggering price of $10 million per year by the Shell Company to wear a hat with the Company’s logo in all public appearances.
Likewise, he also was paid $8 million by the Deutsche Vermögensberatung Company over three years from 1999 to wear a cap with its logo.
The contract was later extended until 2010. He also was the advertising partner for the watch Company, Omega.
After winning his third title in 2000, the Speedmaster Pacing was issued in Schumacher edition, which had his signature on the back.
Sports Illustrated also claimed that the German earned nearly $20 million in racing for Mercedes yearly.
In 2017, Forbes reported him to be the athlete with the fifth-highest career earnings.
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Michael Schumacher Net Worth | Charity Works
Schumacher has a charitable side to him and has been a special ambassador to UNESCO from early on in his career.
He has donated 1.5 million to the organization and involved himself in various humanitarian projects, childline, and others.
During the 2004 Tsunami crisis, Schumacher provided aid and even helped set up schools and clinics in various places.
Further, the racer started the ‘Palace for the Poor’ in Peru, which focused on uplifting poor children from the streets by providing education, food, training, and medical assistance.
Similarly, he also provided funds to the Clinton Foundation. Understanding the need for safety as a race driver, he also participated in several road safety campaigns organized by Bacardi and the FIA.
He was also the figurehead of the Bacardicampaign, which focused on raising awareness about responsible drinking.
After the disastrous 2004 Indian Ocean earthquake, Schumacher donated $10 million.
Along with his family, Michael Schumacher has established a charitable organization named ‘Keep Fighting Foundation.’
The Schumacher Family runs it and focuses on development projects related to social, cultural, and public health causes.
Michael Schumacher | Career & Record
Now retired, Michael Schumacher was born on January 3, 1969, in Hurth, Germany. Since the age of four, Schu is known to have started driving go-karts.
Schumacher has broken many world records with the most wins and championship points in F1.
At 19, he became a driver of Formula Three cars, and in 1990, he won the German F3 championship.
Schumacher had a fantastic start as a rookie, with the record of first place in his first race back in Belgium and third in his first year in F1.
Despite having a mid-season slump, he returned stronger than ever with an emotional win in Italy and seized his third world championship title.
This record made him the first Ferrari driver to claim the championship after twenty-one years.
With outstanding performance, he broke the record of Alain Prost, who held a fifty-one career-win record.
He also tied with the former driver Graham Hill’s five career wins record at Monte Carlo.
Likewise, with constant effort and hard work, he also won first place in the world championship in 2002.
He holds the records for career points earned (945) and for the fastest laps (51).
Likewise, in the 2002 season, he finished in the top three in every race and won the fifth world championship title.
Michael Schumacher | Honours, Trivia & Quotes
With outstanding performances and records, Michael Schumacher was honored on various occasions in his career.
The German Moter Sports Federation honored him with the ONS Cup 3 times. Similarly, he also won a Bambi Sports Award and was the first racing driver to receive the Golden Steering Wheel.
In 2006, MotorSport awarded him an FIA Gold Medal to honor his racing career and improve safety.
Similarly, he was inducted into the FIA Hall of Fame and Germany’s Sports Hall of Fame in 2017.
With such achievements, honors, and more, Michael Schumacher is considered the greatest Formula One driver of all time.
- To help support his son’s dream and passion for racing, Rold Schumacher, his Father, took a second job renting and repairing karts.
- Michael Schumacher obtained his German license after he won the German Junior Kart Championship in 1983.
- The former race driver’s younger brother, Ralf Schumacher, is also a racer.
- He’s a multi-talented person who engages in other sports such as scuba diving, Bike racing, and Horse Riding.
- Michael Schumacher and Schubert’s team developed a lightweight and ultra-strong helmet called RF 1.5.
- “Once something is a passion, the motivation is there.”
- “I always thought records were there to be broken.”
- “When you start in a team, you have to get the teamwork going, and then you get something back.”
Is Schumacher still in a coma?
After the devastating skiing incident in December 2013, Schumacher was in a coma for six months. At present, he is fit and fine. Back then, he was paralyzed and couldn’t speak.
Does Michael Schumacher have a documentary?
Yes, the Nextflix documentary Schumacher is made based on his life. It is co-directed by Hanns-Bruno Kammertöns, Vanessa Nöcker, and Michael Wech.
What is Michael Schumacher’s number?
Well, Michael Schumacher’s number is 47. Here, the number is read as for (instead of four) 7″, and the “7” stands for Michael.
Which helmet did Michael Schumacher use in the last race in Formula One?
Michael Schumacher continued to use the Schuberth helmet until his last race in Formula One. Schuberth GmbH is a German Company that produces safety and combat helmets for motorcyclists and industrial workers.
Who is the better driver, Lewis Hamilton or Michael Schumacher?
Lewis Hamilton and Michael Schumacher are considered the best race drivers, so it’s quite impossible to decide who is better.
Michael and Lewis could race the cars on the track ahead of them, and they have excelled at that. So both are great drivers, and their numbers and wins aren’t enough to determine the greatest outright.
Where was Michael Schumacher when Ayrton Senna crashed?
Michael Schumacher was behind Ayrton Senna at the San Marino Grand Prix when he crashed at over 130mph at the Tamburello corner.
Was Michael Schumacher The Stig of Top Gear?
The Stig is a character from the British television show Top Gear. In series 13, episode 1, the television show jokingly unmasked the Stig as Michael Schumacher.