How much is Lewis Hamilton net worth in 2020?
Read on to find out how he makes and spends his millions.
Lewis Hamilton is a Formula 1 racer from Britain. In the world of Formula 1 racing, Lewis Hamilton’s name reigns supreme. From his fashionable style of clothing to his incredible racing and driving talents, Lewis Hamilton ranks as one of the best racers in the history of F1 racing.
In the course of his career, Lewis Hamilton has achieved a significant success which no current Formula 1 racer matches. Hamilton, who is the reigning Formula Champion, has won six Formula One World Championships, which is more than any Championship won by any current F1 driver.
Hamilton also holds several vital records in Formula 1. He is regarded by some pundits as the greatest Formula 1 racer of all time, a controversial title, as his achievements fall short of legendary F1 racer Michael Schumacher, who won 7 Formula One Championship, a record Hamilton is close to matching.
|Net Worth:||$285 Million|
|Full Name:||Lewis Carl Davidson Hamilton|
|Date of Birth:||January 7, 1985|
|Age:||35 years old|
|Source of Wealth:||Formula One Racing Driver|
Lewis Hamilton Career & Accomplishments
Hamilton was eight years old when he began karting, winning tournaments. At 10, confident Hamilton approached Ron Dennis, the boss of McLaren Formula One team. He requested an autograph after introducing himself as the winner of the British Championship and told Dennis that one day he’d drive his cars. Dennis responded, saying Hamilton should call him in 9 years.
Hamilton recorded successes in the course of his racing and after he claimed his second British Championship, Dennis signed him to the McLaren driver development program. His contract with McLaren included an option for him to compete in the F1. In 2000, Hamilton emerged as European Champion.
In 2001, Hamilton began competing in Formula Renault. In 2002, Hamilton, who was driving for Manor Motorsport, won the Formula Renault UK Championship. Hamilton continued to progress, and by 2004, he was already competing in the Formula 3 Euro Series. In 2005, Hamilton competing for ASM Formulae 3 saw victories at the Formula 3 Euro Series and Masters of Formula 3.
ASM moved Hamilton to the ART Grand Prix team, which competed in the GP2 Series, where they were dominating. He also emerged victorious at the GP2 Series. His success at the GP2 Series made him a bonafide candidate for a vacant Formula 1 spot in McLaren, which he was offered to fill. In his first season in Formula 1, Hamilton created several records and finished in the runner-up spot. He then penned a deal with McLaren, which will see him drive for the team until 2012.
In his second season in Formula 1, Hamilton emerged as the then youngest Champion in Formula 1 history. Following his 2008 Championship win, his next four year with McLaren was unsuccessful. In 2013 he signed with Mercedes and became teammates with his childhood karting teammate Nico Rosberg. In his first year with Mercedes, Hamilton finished in fourth place in the championship. In 2014, Hamilton won his second Formula 1 Championship and followed it with a third and second successive win in 2015.
In 2016, Hamilton’s intense rivalry with teammate Nico Rosberg for the Formula 1 Championship climaxed. Due to driving errors on Hamilton’s part, Rosberg emerged Champion and retired five days after his Championship win. In 2017, with Rosberg away, Hamilton found a new rival, Ferrari’s Sebastian Vettel. Though the rivalry was tense, Hamilton won his fourth Formula 1 Championship.
In the 2018 season, Hamilton signed a two-year deal with Mercedes, which will see him earn £40 million annually, which ranked him as the best paid F1 driver. That season was crucial in Hamilton’s, and Vettel’s career as both drivers were chasing a fifth F1 Championship. The season dubbed Fight for Five, saw Hamilton emerge as the Formula 1 Champion. In 2019, Hamilton won a sixth F1 championship.
Lewis Hamilton Net Worth in 2020
Lewis Hamilton’s net worth is estimated to be $285 million in 2020. His $285 million fortune ranks him as one of the richest Formula 1 drivers in history. The source of his wealth is primarily from his glamorous racing career.
Since he began racing in the Formula 1 in 2007, Hamilton has been receiving hefty paychecks. But in 2018, when he penned a two-year deal, which will see him earn £40 million each year, his net worth took a giant leap. With his contract set to expire in 2020, Hamilton is in a perfect position to negotiate another deal, which will undoubtedly be higher than his current deal and will rank as the highest in the Formula 1.
Aside from his massive salary, Lewis Hamilton has leveraged on his marketability to establish a stable stream of revenue from endorsement deals. He earns a fortune annually from endorsement deals, which have helped his earnings increase in recent years.
Lewis Hamilton Salary in 2020
Lewis Hamilton is presently in the last year of his two year deal with Mercedes. Annually Hamilton’s base salary is about £40 million. Forbes in 2020 listed Hamilton as the 13th highest-paid athlete in the world, with earnings of $54 million in the 12 months-period ending May 2020. According to reports, Hamilton is negotiating a four-year deal worth £46 million annually.
Lewis Hamilton Endorsements & Sponsors
Hamilton boasts of an extensive endorsement portfolio that spans from fashion to telecommunication. Between May 2019 to May 2020, Hamilton earned $12 million from his endorsement deals with Vodafone-USD, Mercedes-Benz, Police, Bose, Puma, L’Orèal, Sony, Monster Energy, and Tommy-Hilfiger.
Lewis Hamilton House & Real Estate
In 2019, Hamilton bought a penthouse in a house project owned by NFL player Tom Brady for £32 million.
In 2017, Hamilton bought a five-bedroom and six-bathroom apartment in Tribeca for £34 million. Hamilton put the home up for sale in 2019 for about $57 million. In 2017, He bought a six-bedroom mansion in West London for $18 million. The house has two bathrooms and four reception doors as well as a 200 feet long garden. It was built in 1860 by a famous builder, Samuel John.
Hamilton also owns a three-bedroom apartment in a six-story building in Luins village, Nyon, Sweden. When he isn’t racing, he spends most of his time in a Monaco, a tax-free haven that attracts several millionaires.
Lewis Hamilton Cars
Hamilton’s car collection includes a long list of supercars. Some of the cars in his garage are listed below.
- 2010 Ferrari 599 SA Aperta
- 2017 Ferrari LaFerrari
- 2015 McLaren P1
- Ford Mustang Shelby GT500
- 1996 Shelby 427 Cobra
- 2012 Pagani Zonda 760LH
- 2020 Mercedes-Benz AMG GT
- 2020 Mercedes-AMG One
Lewis Hamilton Private Jet
For a man who has a massive fortune, Lewis Hamilton can afford the spoils of luxury. Hamilton once owned a Bombardier Challenger 605 private jet worth $16.5 million but recently sold it.
Lessons from Hamilton’s Worth & Success
Lewis Hamilton was confident of his abilities right from a tender age. He knew he was talented and well equipped with the right skills to succeed. That confidence led him to approach Dennis Ron of McLaren when he won his first Karting British Championship. Meeting Dennis laid the foundation for Lewis Hamilton’s spot in the Formula 1.
Competition fosters success
During his career, Hamilton has shown excellent performance during periods of intense competition. Though he has lost quite a few, competition has helped him improve his game and get better every season.
Lewis Hamilton’s net worth is approximately $285 million in 2020. He currently earns about $54 million per annum in salaries, winnings, and endorsements. As of 2020, Hamilton is the highest-paid F1 driver in the world.
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