How Does Multi-Millionaire F1 Champion Lewis Hamilton Spend His Money?

When someone thinks of Formula One these days, the first name that comes to mind is Lewis Hamilton. The Englishman has become the face of this motorsport. He is undoubtedly one of the best racing drivers in the world. He has even got seven world championships to prove, a feat that rivals the great F1 legend, Michael Schumacher.

Being the best driver comes with great responsibilities, but it also brings millions to the bank. Hamilton is one of the richest F1 drivers. He has a vast net worth which results from his 16-year-long glorious career. Fans would be eager to know what does the seven-time world champion does with his vast fortune? So, let’s find that out.

How did Lewis Hamilton earn his fortune?

The 37-year-old is a professional F1 driver, so his main source of income is through driving F1 cars in races. The Brit started his career back in 2007 with McLaren and won his first championship in 2008. But then Hamilton shocked the world with his move to a midfield F1 team Mercedes in 2013 for a lucrative offer. Since then, it was no turning back for the Englishman.

He won his other 6 titles while driving for Silver Arrows. Over time, Hamilton has got bigger and better contracts because of his success. There are speculations that the latest contract with the German constructors earned him around $62 million in 2021.

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But the F1 maestro doesn’t only earn from his F1 career. Being a popular face, the Silver Arrow driver is connected to many global brands. Lewis Hamilton has brand deals with Monster Energy, Tommy Hilfiger, IWC, Sony, Bell Helmets, Bose, Puma, MV Agusta Motorcycles, Petronas, and Gran Turismo Sport.

He also gets paid for the brand work with the Silver Arrows. Moreover, the English man is an active voice who stands against racism and supports LGBTQ+. So he only prefers to work with brands that allow him to raise his voice.

How does the seven-time world champion spend his money?

The most important question to which everyone wants an answer is what Hamilton does with all his money? Undoubtedly, when you have worked hard to build a vast fortune, you would love to enjoy a luxurious life. So, Hamilton’s millions pay the bills for his luxurious life.

Owning Luxurious Houses

Hamilton owns some impressive properties to live in. According to many sources, the Silver Arrows driver owns a penthouse in New York which costs $43 million. Being an Englishman, he also owns a $24 million luxurious mansion in England. Hamilton also owns property in heaven for F1 drivers, Monte Carlo.

Fulfilling his dreams as a motorhead

His father gifted him a remote control car on his sixth birthday and since then the English man got hooked on motors. Even though Hamilton drives F1 cars worth millions, he still wants to fill his garage with some expensive motor pieces.

Hamilton not only owns Mercedes cars but also two Ferrari LaFerraris worth $1.56 million each, a $1.15 million McLaren P1 and also one of the rarest Mercedes cars, the Mercedes-AMG Project One, which costs $2.72 million. In addition, he also owns various expensive bikes and other motor vehicles.

Hamilton is a fashion icon

The 37-year-old F1 driver also has a knack for fashion. Fans have spotted him many times with expensive and fashionable attires. The Mercedes driver can be often found at fashion shows, like attending Paris Fashion Week or thefamius Met Gala event. Hamilton’s wardrobe is full of expensive clothes.

Once owned a personal jet

It is quite a fashion among celebrities to own private jets. From Cristiano Ronaldo to Tiger Woods, every top sports star owns their own flying machine and so did Lewis Hamilton. The seven-time world champion owned a private jet worth around $25 million. However, he sold his private jet back in 2019 and used the money to turn his home carbon-neutral.

Lewis Hamilton is a backpacker

Hamilton travels the world because of his job as an F1 career, which requires him to race on various tracks throughout the world. But even when not racing, the F1 driver loves to travel and visit various places. The seven-time world champion uses his millions to visit exotic locations and try out various adventure sports, from surfing to skydiving.

The vast fortune is not only for Lewis Hamilton

The seven-time world champion is an activist. So, he spends a lot of his vast fortune fighting social and environmental issues. Hamilton donated around $500,000 to help the needful during the 2020 Australian brush fires.

He also spends on various projects to encourage people from various backgrounds. Hamilton also works alongside his F1 team to support kids from various fields to study maths, science, and engineering.

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Hamilton is still in the sport and it’s unknown how long he will stay. But even if he leaves F1, he would have loads in his bank to continue his luxurious lifestyle. What are your thoughts on Lewis Hamilton’s ways of spending his millions?