Michael Schumacher is known worldwide for his Formula 1 success. Schumacher is the richest Formula 1 driver in the world. Schumacher's net worth is approximately $600 million. Schumacher earned his fame and money by being the greatest Formula 1 driver in the world. He was the first German Champion at 25 years old. He retired with 7 Formula 1 Championship wins, the most in history for any driver. His most successful moments in his driving career were signed to Ferrari, when he made most of his millions. Schumacher retired twice, first in 2006 until 2010, and then again for good in 2012. While retired currently, he still is one of the greatest names in Formula 1 and the richest amongst all drivers.
Lewis Hamilton is the next richest Formula 1 driver on the list. Hamilton began his racing career in 2007 and is the richest active driver in the world. His net worth is currently estimated at $285 million. He has 6 Formula 1 Championship wins, making him just one below Michael Schumacher. He is signed to Mercedes and has made a name for himself around the world. His net worth and earnings also come from endorsements. In comparison to other Formula 1 drivers, Hamilton is well known as a celebrity and has been spotted hanging around and dating many famous celebrities.
Fernando Alonso is a Spanish Formula 1 driver with the next greatest fortune. Alonso retired in 2018 to pursue other ventures, but has announced a return next year to team Renault. Fernando Alonso's estimated net worth is $240 million in 2020. He earns most of his fortune from racing, with parts coming from endorsements. Alonso was the youngest Formula 1 driver to win the One World Driver's Championship at age 24. Part of his fame and success comes from his caring and driven roots. Alonso is an ambassador for UNICEF. Alonso is known as one of the greatest and most talented drivers of his generation.
Kimi Raikkonen is the next richest Formula 1 driver in the world. Raikkonen is the most popular Finnish driver in the world and his net worth is estimated to be $180 million. Raikkonen is nicknamed "The Iceman" and is currently still actively racing for Alfa Romeo Racing. Raikkonen briefly left Formula 1 between 2010-2012, but has been active ever since his return. After returning, Raikkonen has not had luck winning any championships. His current net worth still makes him the fourth richest Formula 1 driver in the world.
Jenson Button is the fifth richest prior Formula 1 driver in the world. While Button currently does not race for Formula 1, his racing career has not ended and his fortune is mainly from his Formula 1 career. Button's current net worth is estimated to be $150 million. This net worth makes him the fifth on the list of richest Formula 1 drivers. His greatest Formula 1 achievement was winning the 2009 Formula 1 World Championship. After leaving Formula 1, Button became the champion of the 2018 Super GT Series.
Sebastian Vettel comes in as the sixth richest Formula 1 driver in the world. Vettel currently races for Ferrari and is one of the current most well known Formula 1 racers. His estimated net worth is currently $120 million. Vettel is a German Formula 1 racer and is one of Lewis Hamilton's top competitors. Their rivalry is currently the top one in Formula 1 racing. Currently, he is one of the highest paid Formula 1 drivers in the world. Vettel has won 4 Formula 1 World Championships and is one of the youngest racers to do so. Vettel also sets the record for the most successive wins with a total of 9 wins.
Eddie Irvine, also known as Edmund Irvine Jr., is the next richest Formula 1 driver although not as well known as the others. Eddie Irvine did not last long in Formula 1, but made enough during his time to still be considered the richest Formula 1 driver. He gained his fame in 1999 when he won four races and competed against Mika Hakkinen for the World Championship. His Formula 1 career ended after that, even though fans believe he could have reached greatness if he continued. His net worth is approximately $120 million, which makes him come in 7th on the list of richest Formula 1 drivers.
Ralf Schumacher comes in 8th on the list of the richest Formula 1 drivers in the world. Ralf Schumacher is the younger brother of the most successful and richest Formula 1 driver, Michael Schumacher. Out of the seven siblings in the family, Ralf and Michael are the only two to win Formula 1 races. Schumacher's net worth is estimated to be $100 million. This amount makes him the 8th richest Formula 1 driver in the world. Ralf Schumacher retired from Formula 1 after not achieving the results he strived for.
David Coulthard is another rich Formula 1 driver that has retired and is still considered one of the richest drivers in the world. Coulthards Formula 1 career lasted from 1994 to 2008, but his success does not compare to the other drivers on this list. Coulthard did not win a Formula 1 World Championship in his career. Instead, Coulthard did win 13 Grand Prixs. Being from the UK, Coulthard raced for Jaguar and retired to write many books about his experience in Formula 1. This attributes to his overall net worth and success. Currently, his net worth is estimated to be $80 million.
Nico Rosberg makes the last spot in the top 10 richest Formula 1 drivers in the world with an estimated net worth of $50 million. Rosberg retired from Formula 1 in 2016. Rosberg was extremely popular through his strong rivalry with Lewis Hamilton. He has stayed in the racing world and has moved onto driver management and other positions behind the scenes. Nico Rosberg raced for Mercedes and is recognized for his World Championship rival win against Lewis Hamilton, which led to his retirement from Formula 1. With a current total net worth of 50 million dollars, Nico is the 10th richest Formula 1 driver in the world.
Michael Schumacher is known as the best Formula 1 driver in the world. He sets the record with 91 wins and 7 World Championship titles. This achievement makes him the best player in history, as there is yet anyone to beat his record wins. Schumacher has been recognized as the greatest driver all throughout his career and to this day even through retirement.
Michael Schumacher was reported to earn 30 million pounds each year as his salary during his time in Formula 1. Aside from the salary, he has earned his fortune through his various endorsements from Shell, Marlboro, and Vodafone. With 7 World Championship wins, Schumacher has earned a great deal during his Formula 1 racing career.
Out of the list of the richest Formula 1 drivers in the world, there are only four which are still active racers. These drivers are Sebastian Vettel, Kimi Raikkonen, Fernando Alonso, and Lewis Hamilton. Out of these, Lewis Hamilton is the richest Formula 1 driver that is currently active. Lewis Hamilton is also one of the most well-known current drivers and is a strong competitor in the league.
Lewis Hamilton is a popular public figure outside of his Formula 1 career. He has strong sponsorships and partnerships with Bose, Sony, Tommy Hilfiger, and Monster energy. He is currently the highest paid Formula 1 driver in the world and the richest active Formula 1 driver on the list. It has been reported that Lewis Hamilton made approximately $57 million this year with his Mercedes racing contract.