How Did Lewis Hamilton Make His Money?

The bulk of Lewis Hamilton’s net worth comes from his salary and bonuses from racing in Formula One. As one of the sport’s most marketable stars, he commands some of the highest pay of any driver on the grid.

His time with McLaren and especially Mercedes has been very financially rewarding. Upon joining Mercedes in 2013, Hamilton negotiated one of the most lucrative contracts in Formula One history. His most recent deal with Mercedes pays him a reported $50 million per year.

In addition to his driving salary, Hamilton also earns prize money for individual race wins and Championship titles. It’s estimated he has made over $250 million in career prize money alone.

Endorsements are the other major contributor to Lewis Hamilton’s wealth. As of 2024, he reportedly earns around $12 million annually from endorsements with brands like Tommy Hilfiger, Monster Energy, Sony, Bose and more.

What Sponsorships and Businesses Does Lewis Hamilton Have?

Some of Lewis Hamilton’s biggest sponsorship deals include:

• Tommy Hilfiger- Hamilton collaborated with the fashion brand Tommy Hilfiger for a streetwear clothing line called TOMMYXLEWIS.
• Monster Energy- Monster sponsors Hamilton and the Mercedes F1 team in a deal that’s rumored to pay Hamilton $9 million annually.
• Sony- Hamilton appears in commercials for Sony’s consumer electronics like cameras and headphones.
• Bose- Hamilton represents Bose for their sound equipment like noise-canceling headphones.
• Gran Turismo- The popular racing video game franchise Gran Turismo features Hamilton’s likeness via a sponsorship deal.

Additionally, Lewis Hamilton has his own media production company called Dawn Apollo Films. The company creates movies, documentaries and other video projects.

Hamilton also co-owns

• Denver Broncos NFL Team- In 2022 Hamilton joined an ownership group that acquired the Denver Broncos for $4.65 billion.
• X44 Racing Team- Hamilton formed an electric off-road racing team called X44 that competes in the Extreme E racing series.

What Real Estate and Other Assets Does Lewis Hamilton Own?

With his immense wealth Lewis Hamilton owns an impressive portfolio of luxury real estate, private jets and exotic cars.

Some highlights of his assets include

• Tribeca NYC Penthouse- Hamilton sold this 8,900 square-foot NYC unit in 2021 for $50 million after buying it for $43.9 million in 2017.
• London Mansion- Hamilton owns a lavish mansion in West London valued at around $25 million.
• Colorado Estate- He reportedly owns a multimillion-dollar estate in Colorado that he plans to live in after retiring from F1 racing.
• Car Collection- His car collection of Ferraris, McLarens, Mustangs and more is estimated to be worth over $30 million total.
• Yacht- While not confirmed, Hamilton may also own a custom luxury yacht.

Hamilton has invested a good chunk of his wealth into his luxury real estate around the world. Between his car and real estate assets, his net worth could be even higher than reported.

How Much Does Lewis Hamilton Make In a Year?

Thanks to his massive contract with Mercedes, lucrative endorsement portfolio and prize money from winning races and championships, Lewis Hamilton typically earns between $70-90 million per year.

As he continues racking up historic achievements in Formula One, Hamilton will likely see his income continue rising as his global fame and demand for endorsements increases. He is well on pace to become a billionaire athlete.

In Summary

With 7 Formula One World Championship titles at the age of 37, Lewis Hamilton is already a legend in auto racing. His domination on the track has translated to being one of the highest earners in sports. With an estimated $300 million net worth and earning up to $90 million annually, Hamilton has built tremendous wealth as one of the greatest F1 drivers ever. I sincerely hope you like reading this “Lewis Hamilton Net Worth In 2024? Unraveling the Formula for Financial Victory” article.

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