How much is Lewis Hamilton worth?

The seven world titles he has won, his prominence as a cultural figure, and his numerous business endeavors have contributed to Formula 1 legend Lewis Hamilton's wealth

You've probably heard of Lewis Hamilton even if you don't know anything about Formula 1 or F1. He is on par with famous athletes like Michael Jordan, David Beckham, Cristiano Ronaldo, and Rory McIlroy, and his fame extends beyond the realm of motorsports.

With seven World Drivers Championship victories, Lewis Hamilton is among Formula One's most successful drivers. He and the great Michael Schumacher both hold this record.

Hamilton's legacy is already on par with that of other F1 greats, such as Ayrton Senna and Niki Lauda. On July 7, 2024, he made headlines by winning his ninth British Grand Prix, breaking the record for the most Formula One victories at a single track.

Hamilton is also the F1 driver with the second-highest number of race starts (362) and the record for most career victories (105).

This year, Hamilton, who previously drove for Mercedes-AMG Petronas, made the much-awaited switch to Scuderia Ferrari, the oldest and most successful team in Formula One.

Forbes calculates that his earnings from both on and off the racetrack add up to a net worth of 69 million. He is the youngest sportsman to be listed on the Sunday Times Rich List 2024 and is one of the wealthiest people in the world.

We examine Lewis Hamilton's earnings both on and off the racetrack to learn how he made his fortune.

The amount of money that Formula 1 champion Lewis Hamilton has.

At the age of eight, Lewis Hamilton's father began taking him to karting events in 1993, marking the beginning of his career as a racing driver. When Hamilton was ten years old, he went to McLarens founder and team principal Ron Dennis and told him that he wanted to race for his team when he grew up. After enrolling in McLaren's driver development program in 1998, Hamilton joined the team and made his Formula One debut in 2007.

Hamilton signed a five-year contract worth £358 million with McLaren after having one of the greatest rookie seasons of any driver in history. The first British champion since Damon Hill in 1996, he became the youngest winner in history when he won his first Formula One World Championship in 2008.

In 2013, Hamilton abruptly left McLaren to sign a three-year deal worth almost £83 million, which included a salary of £27.6 million annually, with Mercedes-AMG Petronas. Although many initially questioned this decision, Hamilton ultimately benefited from it. He later won the championship after dominating the 2014 Formula One season.

The rest is history after that, as they say. Hamilton extended his Mercedes contract after winning his second championship, agreeing to a three-year deal worth over £100 million and keeping his image rights.

He tied Michael Schumacher's record of seven F1 World Driver Championship victories, which had stood unbeaten, with five more victories between 2015 and 2020. According to Forbes, Hamilton earned £57 million in 2021 after extending his Mercedes contract. In 2022, Hamilton became Britain's richest sportsman, surpassing even David Beckham.

Due to a significant regulation change in the 2022 season, Red Bull and Max Verstappen became the dominant forces in the sport. Hamilton did not win a race between 2021 and the British Grand Prix at Silverstone in 2024. His victory in his last home race with Mercedes was another high point in their collaboration.

Hamilton made the shocking announcement earlier in 2024 that he would be leaving Mercedes and signing a multi-year contract with Ferrari. Ferrari's stock price surged by over 10% after this announcement, and the company's market capitalization almost reached £7 billion, according to Autosport.

Sporting News reports that Hamilton's base salary alone amounts to about £60 million. Even with bonuses, he should make about £100 million.

One of the cultural icons is Lewis Hamilton.

In December 2021, Hamilton received a knighthood at Windsor Castle from King Charles III, who was then the Prince of Wales. He became the fourth Formula One driver in history to receive a knighthood. Following his third consecutive victory at the Brazilian Grand Prix in 2021, he was granted honorary citizenship in Brazil in June 2022.

The F1 star has landed lucrative endorsement deals with Tommy Hilfiger, Puma, Monster Energy, and Lululemon, making him one of the most marketable athletes in the world.

In addition to being Dior's ambassador, Sir Lewis Hamilton worked with the upscale French fashion brand to create a line of Lifestyle Capsules.

Along with actor Leonardo DiCaprio, he is one of several well-known investors in Neat Burger, a vegan restaurant chain that, despite being valued at 51 million in 2021, recently closed its last locations in the UK, in London.

A number of high-profile investments have been made by Hamilton, including co-buying the fashion magazine W, serving as an ambassador for the luxury watch brand IWC, and partially owning the Denver Broncos NFL team.

Before leaving the team in 2023, he founded Team X44, which participated in an off-road electric SUV racing series.

Hamilton established his own production company, Dawn Apollo Films, in October 2022. The company's next project is F1, a £300 million movie about Formula One starring Brad Pitt. June 2025 is the planned release date for the movie.

He started Almave, a company that sells Mexican-distilled, non-alcoholic blue agave spirits, as an angel investor.

He has also produced a number of movies and documentaries, voiced an animated version of himself in the TV series Tooned, appeared in Cars 2 and Cars 3, and contributed to a song by Christina Aguilera under the pseudonym XNDA.

The 2025 Met Gala, an annual fundraising event for the Costume Institute wing of the Metropolitan Museum of Art in New York, was co-chaired by Hamilton.

Hamilton has a remarkable private collection of luxury cars in addition to having the opportunity to drive some of the fastest vehicles for his day job. A £20 million 1995 McLaren F1, a £41 million Ferrari LaFerrari Aperta, and a £10.4 million 1967 Ford Mustang Shelby GT500 are among the items in Parade's collection.

Hamilton is much more than just luxury and fast cars. He has made a significant contribution to social activism. Being Formula One's sole black driver, Hamilton has made a strong case for greater diversity in the sport.

He established Mission 44, a youth charity that advocates for greater inclusivity in the racing industry, and got its name from his racing number. Through professional development programs and apprenticeships, Formula One supports this initiative, which aims to promote careers in motorsport and STEM fields.

Nothing appears to be able to stop Lewis Hamilton's success.