Lewis Hamilton is one of the most successful drivers in Formula 1. The passion he has for racing gave his career a boost in no time. From his debut year, he has showcased his talent and dominated the field since then. How did Lewis Hamilton become the highest-paid F1 driver of all time?
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After winning his very first World Championship, Lewis showed fans and all the other franchises how much potential he had. Hamilton secured numerous titles and broke many records, including the most wins in the F1 race.
Due to his exceptional skills and consistency, Hamilton skyrocketed his career and net worth by signing contracts valued in the millions.
Lewis Hamilton’s Career Earnings
Lewis started his journey in karting, which caught the attention of McLaren and Mercedes. In 2007, he made his Formula 1 debut, getting close to his win.
After impressing the whole world and the franchises, Lewis went on to win the world championship the very next year. With McLaren, he earned up to $72 million from this contract.
Later, Hamilton was transferred to Mercedes, a bold decision that changed Hamilton as well as Mercedes. Lewis won back-to-back World Championship titles. Hamilton established himself as one of the greatest drivers in F1 history.
Hamilton’s passion and consistency on the racetrack skyrocketed his value as an individual. During this period, Mercedes used to pay up to $55 million per year.
Currently, Lewis Hamilton has signed a record-breaking deal with Ferrari that is valued at $100 million annually, making him one of the highest-paid drivers in Formula 1. He is an example of how hard work, passion, and dedication can take an individual to new heights.
Endorsements Deals Earining
Hamilton’s skills have made him a global star every brand wants to partner with him to create global reach for their brand. He earns up to $5-$10 million annually through brand endorsement. Lewis has partnered with big brands like Tommy Hilfiger, Puma, Monster Energy, and IWC Schaffhausen, a luxury watch brand.
Through this endorsement and earnings, Lewis Hamilton built his financial empire.
