Lewis Hamilton’s Net Worth, Salary & Spending Habits

Lewis Hamilton Net Worth, Salary, Endorsements, House, Cars
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How much is Lewis Hamilton’s net worth in 2021?

The answer is massive.

See how much the F1 champion Hamilton is worth, his salary, endorsements, and how he makes and spends his money.

Lewis Hamilton is a Formula One racer from Britain, who currently competes for Mercedes.

He drove for McLaren from 2007 to 2012.

In the world of Formula 1 racing, Hamilton’s name reigns supreme.

From his fashionable clothing style to his incredible racing and driving talents, Hamilton ranks as one of the best racers in Formula One’s history.

In the course of his career, Hamilton has achieved a significant success which no current Formula 1 racer matches.

Hamilton, who is the reigning Formula Champion, has won seven 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.

Some pundits regard him as the greatest Formula 1 racer of all time, a controversial title.

His achievements equal that of legendary F1 racer Michael Schumacher, who won 7 Formula One Championship titles.

Formula One Honours & Achievements

  • 7x Formula One World Drivers’ Championship (2008, 2014, 2015, 2017, 2018, 2019, 2020)
  • 7x Formula One World Constructors’ Championship (2014, 2015, 2016, 2017, 2018, 2019, 2020)
  • 5x DHL Fastest Lap Award (2014, 2015, 2017, 2019, 2020)
  • 5x FIA Pole Trophy/Pirelli Pole Position Award (2015, 2016, 2017, 2018, 2020)
  • 10x Hawthorn Memorial Trophy (2007, 2008, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019)
  • Lorenzo Bandini Trophy (2009)

What is Lewis Hamilton’s Net Worth & Where Does it Come From?

Lewis Hamilton’s net worth is estimated to be $285 million in 2021.

Hamilton’s $285 million fortune ranks him as one of the richest Formula 1 drivers of all time.

His glamorous racing career hugely contributes to his fortune.

Since he began Formula One racing 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 expired in 2020, Hamilton is in a perfect position to negotiate another deal, which will undoubtedly be higher than his previous deal and will rank as the highest in Formula One.

Besides his massive salary, Lewis Hamilton has leveraged 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.

How Much is Lewis Hamilton’s Salary?

Lewis Hamilton concluded the last year of his two year deal with Mercedes in 2020.

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.

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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.

Other Business Ventures

Hamilton in 2018 launched TOMMYXLEWIS, a clothing line with Tommy Hilfiger and American fashion models Hailey Baldwin and Winnie Harlow.

In 2019, Hamilton launched Neat Burger, a vegan restaurant in London.

According to Daily Front Row in August 2020, Hamilton is one of the celebrity investors who acquired W magazine.

How Does Lewis Hamilton Spend His Money?

Houses & Real Estate

In 2019, Hamilton bought a penthouse in a house project owned by NFL player Tom Brady for £32 million.

In 2017, he 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 Monaco, a tax-free haven that attracts several millionaires.

Car Collection

Lewis Hamilton’s car collection includes a long list of supercars, some of which are:

  • 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, affording the spoils of luxury is like a walk in the park.

Hamilton once owned a Bombardier Challenger 605 private jet worth $16.5 million but recently sold it.

Lewis Hamilton's net worth can afford him a private jet
Photo credit: EssentiallySports

Charity & Philanthropy

In January 2020, Hamilton pledged about $500,000 to assist with the Australia bushfire crisis towards animal welfare and fire services.

Lewis Hamilton’s Net Worth Profile

Net Worth:$285 Million
Salary:$54 Million
Full Name:Lewis Carl Davidson Hamilton
Date of Birth:January 7, 1985
Age:36 years old
Nationality:British
Source of Wealth:Formula One Racing Driver
Last Update:2020

Final Thoughts

Hamilton’s net worth is evidence that competition fosters success.

He 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.

One Response

  1. Rocket ron December 24, 2020

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