Lewis Hamilton net worth: Formula One prize money, career earnings for seven-time F1 champion

In 2015, Lewis Hamilton left his rivals behind when he signed the highest-paying contract ever signed by a Formula One driver.

The three-year £100m ($118.3m) deal also made Hamilton the highest-paid British athlete in the world.

Hamilton’s keen business acumen didn’t end there, and his earnings have continued to skyrocket ever since.

What do we know about Hamilton’s net worth? What causes does he support and what is his NFL interest? Here is a look at the balance sheet.

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Lewis Hamilton contract value, career gain

When Hamilton equaled Michael Schumacher’s record of seven F1 titles, he also set himself up as the greatest Formula 1 driver of all time.

His income is appropriate to this status. According to Yahoo Finance, Hamilton earned an average salary of £55.4m ($66.5m) in 2019-20 on a two-year contract.

The two-year deal he signed with Mercedes in 2021 is said to be worth £45.8m ($55m) a year and his career earnings are reported to have reached £397.3m ($477.2m).

Lewis Hamilton’s Net worth: how much does he make?

Hamilton has a net worth of £241million ($285million) according to Celebrity Net Worth – a sum that could continue to grow significantly if he extends his contract with Mercedes.

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The 37-year-old considered stepping down after the controversial end of the 2021 season but has now hinted he could agree new terms.

“I’d be lying if I said I haven’t considered an extension,” he told Vanity Fair in August 2022. “I’m still on the mission, I still love to ride, I’m still being challenged it. So I don’t really feel like I have to give it up any time soon.”

Lewis Hamilton‘s notes

As one of the world’s most marketable stars, Hamilton has had a long list of brands clamoring to partner with him over the years.

Mercedes-Benz apparel, fashion brand Tommy Hilfiger and global wealth manager UBS have signed multimillion-pound deals for Hamilton, as have tech company Qualcomm, watchmaker IWC and audio giant Bose.

Tibco, Wihuri, Puma and Epson were also named among Hamilton’s supporters by The Richest.

According to The Sun, oil and gas company Petronas Hamilton will pay £55m ($65m) to have its logo on its clothes.

Lewis Hamiltonsocial media influence of

Hamilton’s largest online following is one of the most popular people on social media in the world and can be found on Instagram, where he had almost 30 million followers as of August 2022.

Some of his posts on the platform, including photos of Hamilton on the podium after races, regularly earn more than a million likes.

At the time, Hamilton had more than five million likes on Facebook and more than 7.7 million followers on Twitter, where his bio touts his plant-based diet and love of animals, describing him as “constantly searching for my purpose, for adventure, openness and positivity”.

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Lewis Hamilton Charities

The Sunday Times Giving 2022 list has placed Hamilton well ahead of businessman Richard Branson and pop star Elton John as one of Britain’s most generous philanthropists.

Hamilton was listed with recent donations of £20m ($23.7m), which puts him fifth on the index. Organizers said its main beneficiaries are in the youth, education and employment sectors.

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In 2021 he founded the Mission 44 Foundation, a program that aims to bring more people from different ethical backgrounds into motorsport.

The list said his net worth was £300 million ($355 million). Premier League star Mohamed Salah, who is leading the line for Liverpool, was the other athlete in the top 10, finishing eighth by winning £2.5m ($3m) of his £41m ($48.5m) fortune million dollars) for health purposes.

Does Lewis Hamilton own the Denver Broncos?

In August 2022, the NFL franchise Denver Broncos announced that Hamilton had joined their ownership group.

Hamilton became part of a consortium that bought the team for £3.9bn ($4.65bn) – a record for an NFL team

“I’m excited to join an incredible group of owners and be a part of Broncos history,” he said in a tweet, Hamilton announced, accompanying his words with a photo of his dog in Broncos apparel.

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“It’s an honor to work with a world-class team and to serve as an example of the value of more diverse leadership across all sports.”

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Lewis Hamilton’s tax status

In 2017, widespread reports said that Hamilton appears to have used letterbox companies in the British Virgin Islands, the Isle of Man and Guernsey to collect the entire £3.3 million in taxes that came to England from Canada in 2013.

According to the reports, Hamilton set up another business in the Isle of Man to buy a £1.4million ($1.7million) motorhome. The Guardian said at the time Hamilton was under contract to Mercedes through a company in the tax haven of Guernsey, had a Maltese image rights company and had been living in tax exile since 2007, first in Switzerland and then in Monaco.

Hamilton said he hired a senior attorney to conduct checks and was told everything he had done was lawful, adding that he relied on professional advice rather than the day-to-day running of his business cared.

Hamilton denied using shell companies, saying the Manx units were part of his deals. There is no indication that he was directly involved in creating the system for his jet, and legitimate tax avoidance schemes are not illegal.

In 2020, The Times reported that those responsible for deciding when Hamilton would be knighted in the UK were “very close” to his tax situation.

The racing legend will officially receive the honor in 2021. He told The Sunday Times Style magazine in 2017: “What people don’t know is that I pay taxes here, but I don’t make all my money here.

“I race in 19 different countries, so I earn my money in 20 different places and I pay taxes in several different places, and I pay a lot here too.

“I contribute to the country and not only that, I help keep a team of more than 1,000 people employed. I am part of a much larger whole.”

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