Red Bull Racing driver Sergio Perez is one of the most reliable and technical drivers on the grid today, playing a crucial role in his team's overall success in the past few years.
The Mexican has gained a reputation for being an underrated driver, propelling his past midfield-tier cars to podium finishes and even a stunning win on one occasion.
In 2021, he finally moved to a top-tier team in Red Bull, and he helped teammate Max Verstappen claim his first-ever Drivers' title during that season, holding off his rival Lewis Hamilton amid the title-deciding race in the season-ending Abu Dhabi Grand Prix.
With more than a decade of continuous Formula 1 experience, how much will Sergio Perez's net worth be in 2024?
Sergio Perez Net Worth 2024
The 34-year-old Perez is worth $65 million as of 2024, according to various reputable sources such as CAknowledge, Sportskeeda, and August Man.
The Mexican driver is the fourth-highest-paid driver on the grid for the 2023 season. The reigning F1 Constructors' Champion compensated him $26 million for their most recent campaign, as detailed by business and financial outlet Forbes.
Within this total, his salary was $10 million, while an additional $16 million is attributed to his performance-based bonuses, a substantial sum owing to Red Bull's dominant season.
Sergio Perez's Wealth
Perez has accumulated $82.5 million in Formula 1 salary over his 13 seasons in the racing series, per numbers from Spotrac. This figure considers his earnings from all the teams he drove for, including Sauber, McLaren, Force India/Racing Point, and Red Bull Racing.
The mentioned figure exclusively represents Perez's salary from on-track activities and does not encompass additional earnings derived from off-the-track ventures such as endorsements and sponsorships. Additionally, the total does not factor in deductions for taxes, agent fees, and other business-related expenses.
Perez's on-track income is significantly supplemented by his endorsement deals, playing a crucial role in contributing to his overall wealth.
One of his prominent sponsorship and partnership arrangements is with the Mexican telecommunications company América Móvil, owned by the country's richest man, Carlos Slim.
The six-time Grand Prix winner endorses several brands under the company umbrella, including Telmex, Telcel, and Claro.
Additionally, Perez has entered into deals with various other brands to enhance his sponsorship portfolio. These include partnerships with Nescafe, eyewear brand Xades, and Swiss luxury watchmaker Tag Heuer. He also has other endorsement deals in his native country, such as car marketplace Kavak, insurance company INTERprotección, and bank Banorte.
Perez's main residence is a lavish mansion in the resort town of Puerto Vallarta, Mexico. The property boasts a stunning location in front of the Pacific Ocean, providing breathtaking views from his balcony.
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