Formula One is an expensive sport, and the best drivers unquestionably come with a price.
British driver Lewis Hamilton is one of the most successful drivers in F1 history, winning seven F1 Drivers' championships. With his dominance in a highly lucrative sport, many are asking: How much is Lewis Hamilton's net worth in 2023?
Lewis Hamilton Net Worth 2023
The 38-year-old Hamilton is worth $285 million as of 2023, per Celebrity Net Worth and Marca.
The Brit was the 21st highest-paid athlete in the world in 2023, earning $65 million, according to Forbes.
The majority of the amount comes from his salary with Mercedes at $55 million, while $10 million is from endorsements and partnerships.
Hamilton has sponsorship deals with Bell Helmets, Bose, Electronic Arts, IWC, Petronas, Mercedes-Benz, Monster Energy, Police, Puma, Sony, and Tommy Hilfiger.
The same publication also listed Hamilton as the 10th highest earner among all athletes during the 2010s decade, making $400 million from 2010 to 2019.
Lewis Hamilton loves tax havens
Hamilton moved to Switzerland as a rookie in 2007, citing privacy and tax concerns. He became a resident of the Principality of Monaco, another well-known tax haven, in 2010.
Several other Formula 1 drivers also live in the small country in the south of France, including Max Verstappen, Charles Leclerc, and Lando Norris.
Hamilton's real estate portfolio includes a $12 million house in Monaco, a $25 million four-story mansion in London, and a $40.1 million penthouse in New York City.
In addition, he also owns two apartments in Nyon, Switzerland, and an estate in Colorado, USA.
Read more: Mercedes Team Principal Toto Wolff Explains Lewis Hamilton's Short Contract Extension
Lewis Hamilton's new contract
Hamilton is set to compete in Formula 1 into his 40s after agreeing to a two-year deal worth $127 million, which will run until the end of the 2025 season.
Despite the ink on his new deal still fresh, Hamilton is already thinking about his next contract, vowing to race in Formula 1 for a long time.
Lewis Hamilton is the most successful driver in F1 history
The Mercedes-AMG Petronas member is statistically the most successful driver ever in Formula One, being the racer with the most wins (103), pole positions (104), and podiums (195), among several other records.
Hamilton is tied with Ferrari legend Michael Schumacher with the most Drivers' championships with seven.
Being the only black driver in F1 history, Hamilton won his maiden world title with McLaren in 2008. It took a while to follow it up, but when it rains, it pours.
Hamilton moved to Mercedes in 2013, and following major regulation overhauls in 2014, the Brackley-based outfit became the dominant figure in the sport.
The 2008 F1 World Champion proceeded to add a lot of trophies to his hardware, winning six of the seven world championships available from 2014 to 2020.
Lewis Hamilton missed out on more titles
Hamilton narrowly missed out on two more world championships in his storied career, one during his rookie season in 2007, wherein he lost the championship race by a single point due to reliability issues in his McLaren car in the last two races of the season.
Meanwhile, in the final race of the 2021 season, Hamilton seemed to be cruising to his record-breaking eighth world title, leading the Abu Dhabi Grand Prix by a wide margin.
However, following a crash that triggered a safety car and well-timed pitstop by championship nemesis Max Verstappen, the Dutchman overtook Hamilton in the race's final lap to claim his maiden title.
Related Article: Max Verstappen's Dominant Season Triggers Red Bull to Order New Trophy Cabinet
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