$285 Million Lewis Hamilton Goes the Extra Mile to Stash His Mega $20.4 Million Purchase

From the outside looking in, the life of a Formula 1 driver is all glitz, glory, and luxury. For the most part, it is just that. However, if you ask any celebrity, the one thing they miss most or hold sacred is their privacy. Once the public eyes are set on a celebrity, they stick. Now imagine being Lewis Hamilton who’s been in the limelight since 2007. The Brit is one of the most popular sports personalities on the planet. This is precisely why Hamilton took extra measures to hide his multi-million dollar purchase back in 2017.

How did he do it? The Brit declared himself the owner of three offshore companies. The companies incorporated in the British Virgin Islands, with correspondence addresses in Guernsey, were not set up to avoid taxes. Instead, according to a report by UK-based news outlet the Guardian, Hamilton set these companies up for privacy.

According to the report, Hamilton used the company to purchase a $20.4 million property in central London. Hamilton made this purchase in 2017 through the Virgin Islands company for the purpose of securing his privacy.

Hamilton also has two more properties owned by two offshore entities. Hamilton’s spokesperson ensured after Hamilton’s disclosure of the offshore companies this completely legal activity is only to secure Hamilton’s privacy and does not give any UK tax advantages to the Brit.

Read More: Lewis Hamilton Once Revealed Why He Would Rather Lose Money Than Get Penalized on Track

Now worth $285 million, money was never a motivating factor for the Brit even back in 2013. This is why we can believe this wasn’t a tax evasion practice. In fact, Hamilton has some strong views on money.

Lewis Hamilton believes wealth should be spread more evenly

The Brit sat down for his first-ever podcast appearance with Jay Shetty for his On Purpose podcast. One of the topics discussed on the podcast was wealth accumulation. The Mercedes man had some strong views on it, views most wouldn’t agree with.

He said, “You shouldn’t be able to have billions, right? I think there should be a limit to how much you can have because there’s enough to go around. So, creating a law that creates more equality, equal access to everyone.”

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These are the views of the most charitable man on the grid. The world would be a better place if everyone shared Hamilton’s opinion. However, in reality, he’s a rare breed. Hamilton is doing his part with his multiple charitable efforts. One step at a time!