Mercedes’ contract with Lewis Hamilton ends as the 2020 season concluded. The pair made the best of this year and claimed another championship. However, now that the season has ended, both of them would want to sort out their future together. Hamilton [https://www.essentiallysports.com/tag/lewis-hamilton/] had stated that he did not want to get into negotiations during the season. At the same time, he admitted that he would like to spend more time with his family next season. Moreover, Hamilton is expected to quote a significant pay rise as well. Mercedes [https://www.essentiallysports.com/category/f1/mercedes] had stated expressed their desire to finish the contract negotiations by Christmas 2020. In a big moment, Mercedes took to Twitter and dropped a hint that the negotiations are on the verge of completion. Hamilton and Mercedes are at the top of the sport and have helped each other dominate this era. The 2020 season was another testament to their fruitful partnership and they look forward to maintaining the same next season. READ MORE – Lewis Hamilton Reveals One of His Demands in ’21 Mercedes F1 Contract [https://www.essentiallysports.com/f1-news-lewis-hamilton-reveals-one-of-his-demands-in-21-mercedes-f1-contract/] WOLFF OPENS UP ON CONTRACT TALKS WITH LEWIS HAMILTON Toto Wolff [https://www.essentiallysports.com/tag/toto-wolff/] is currently the most successful team boss on the grid, helping Mercedes and Hamilton reach new heights over the last seven years. Talking about Hamilton’s contract, Wolff said [https://www.espn.in/f1/story/_/id/30523663/hamilton-contract-top-agenda-now-f1-season-done], “It is going to happen. There is no reason it shouldn’t happen now. We always said that we will do it after the title was won and then the virus delayed us for another 10 days, two weeks and now we just have to sit down, maybe virtually or maybe live.” Lewis Hamilton crosses the checkered flag to win the Turkish GP [https://www.essentiallysports.com/wp-content/uploads/2020-11-15T115743Z_124523353_UP1EGBF0X87PD_RTRMADP_3_MOTOR-F1-TURKEY-1.jpg]Formula One F1 – Turkish Grand Prix – Istanbul Park, Istanbul, Turkey – Mercedes’ Lewis Hamilton crosses the finish line to win the race REUTERS/Tolga Bozoglu Mercedes and Red Bull [https://www.essentiallysports.com/category/f1/red-bull/] are the only two teams that are yet to officially announce their 2021 drivers line-up. The latter is expected to make the announcement on Friday, and rumors suggest they will most probably start a new chapter with Sergio Perez [https://www.essentiallysports.com/tag/sergio-perez/]. Meanwhile, Lewis Hamilton is aiming for his record-breaking eighth world championship and Mercedes would also look to increase their reign of consecutive championships. The Formula 1 community is just waiting for the official announcement from the two parties. 

Lewis Hamilton finished another strong season this year and Mercedes hints at
concluding further contract negotiations by Christmas.

Ayush Manjunath is a Formula 1 author for EssentiallySports with more than 500
articles to his name. A Law graduate and a current Sports Management student,
Ayush also has a certificate from UCLA on Sports, Media and Entertainment
Management. He has an undying love for motorsports and lives to see Max
Verstappen, George Russell, Charles Leclerc, and Lando Norris battle for the
championship one day!

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Ayush Manjunath

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Lewis Hamilton

Find the latest information on Formula 1 icon Lewis Hamilton and his Net Worth, Dating History, Investments, and more on EssentiallySports

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<h2><b>Sergio Perez: 2024 Net Worth, Stats, Salary, Wife and More</b></h2>
<h2 class="jsx-cb26a7af5694ead9" style="text-align: center">Who is Sergio Perez?</h2>
Sergio Perez, also known as one of the best players in Formula 1, is a member of Red Bull Racing. At the age of 34, Perez has already left an undeniable mark in the racing realm owing to his successful performances with Sauber, McLaren, Force India, and Racing Point. Regarded affectionately as Checo Pérez, the F1 racer has brought much acclaim to his country, Mexico. Not only does Perez hold many impressive records owing to his talent at the race track but also stands tall as one of the highest-paid Formula 1 drivers. However, all of this did not come easy for the athlete.
<h2 style="text-align: center">Sergio Perez Early Life</h2>
The F1 driver was born in Guadalajara, the capital city of Jalisco in Mexico. Sergio Perez was born on 26 January 1990 to Antonio Pérez Garibay and Marilú Mendoza de Pérez. Checo Perez is the youngest in his family with an elder sister, Paola, and an older brother, Antonio. It seems like race car driving is in the Perez family blood as even Antonio Perez competed in the NASCAR Mexico series before retiring. While his educational qualifications are not much known, Perez has himself stated that if not a race car driver he would have been a lawyer.
<h2 style="text-align: center"><strong>Sergio Perez's Wife and Children</strong></h2>
A beyond-the-track look at the athlete's life indicates that a major reason behind his success comes from his supportive family. Sergio Perez had been in a long-term relationship with Carola Martinez from his homeland, Guadalajara, before tying the knot with her in 2018. The F1 driver proposed to his now-wife in 2017, however, that was not the only significant development in his personal life that year. Sergio Perez welcomed his first child, Sergio Jr, in December of 2017. Since then, Sergio Perez and Carola Martinez have had three more kids. Although the name of his youngest child is yet to be announced to the public, his kids are named Sergio Jr, Carlota, and Emilio<strong>.</strong>
<h2 class="jsx-cb26a7af5694ead9" style="text-align: center"><strong>Sergio Perez's Net Worth 2024</strong></h2>
The Mexican is reportedly worth $70 Million, and his annual salary in 2024 is believed to be $10 Million. As of 2024. Perez is among the highest-earning drivers on the grid, only behind Lewis Hamilton, Max Verstappen, and Fernando Alonso. Perez's salary under Red Bull is likely to be around $26 Million which includes $16 million-worth bonuses.
<h2 style="text-align: center"><b>Sergio Perez’s  Career Timeline</b></h2>
Before joining F1 in 2011, Sergio Perez was devoted to karting. In fact, he had been karting since 1996. he made his foray into racing thanks to  Mexican businessman Carlos Slim’s Escuderia Telmex who led him to the Skip Barber series in the USA. In 2007, during his time in Britain, Perez bagged the national championship at the junior level. Sergio Perez debuted in Formula One in 2011 with the Sauber team. The Mexican's signing was a result of <a class="jsx-2b55705d932ea6e9" href="https://www.essentiallysports.com/category/sauber/" target="_self" rel="noopener">Sauber</a> announcing a partnership with telecommunications company Telmex. Up until 2012, he was a member of the Ferrari Driver Academy.

He stayed with the Swiss outfit for two years and jumped ship to <a class="jsx-2b55705d932ea6e9" href="https://www.essentiallysports.com/category/f1/mclaren/" target="_self" rel="noopener">McLaren</a> in 2013, but suffered a very poor run that year.

<img id="img-tag-node--img-loader-0" class="jsx-3245111776" src="https://image-cdn.essentiallysports.com/wp-content/uploads/2020-12-10T121951Z_2118410278_RC2CKK9GKDHM_RTRMADP_3_MOTOR-F1-ABUDHABI.jpg" />

A year later, he moved to Force India and stayed there until this season. He partnered Nico Hulkenberg for three years until the latter left for Renault. He then partnered Esteban Ocon for two years before Ocon was ousted in favor of Lance Stroll for 2019. Hardly 2 seasons later, it was Perez's turn to leave the team, but, only this time, the Mexican had an offer from one of the top-field teams, Red Bull.

Sergio Perez's stint at Red Bull has been an absolute delight to watch, arguably one of the best decisions of his career.
<h2 style="text-align: center"><b>Sergio Perez’s Contracts</b></h2>
Throughout his illustrious career, Sergio Perez's Red Bull contract seems to have taken the top spot in terms of the athlete's performance, achievement, and net worth. However, as 2024 rolls around, the contract's end is approaching closer. And while he has had some highs during his time with Red Bull, his lows were also unmissable. There are talks that the racer will sign a two-year extension with the team but for now nothing is certain.
<h2 style="text-align: center"><b>Sergio Perez’s Partnerships and Endorsements</b></h2>
A huge sum of Sergio Perez's million-dollar net worth comes from his partnerships and endorsements. Being arguably the most successful Mexican racer, Perez has bagged massive deals with brands from his home country. The F1 racer booked himself a $1.3 Million by becoming a Jalisco brand ambassador. Other brands that have found a spot on his suits are Telcel, Telmex, Xades, Tag Heuer, Kavak, Banorte and Unifin.
<h2 style="text-align: center">Sergio Perez's Investments</h2>
"Checo" Perez not only knows how to make money but also how to effectively grow it, as evidenced by his smart investment. Although Perez does not have a long list of investments, unlike his counterparts, he has made some great choices. The most notable investment by the F1 racer is in the E1 series. The world's first electric boat racing series garnered a lot of attention from athletes around the world, and Sergio Perez did not hold back and currently stands as the owner of Team Mexico.
<h2 class="jsx-cb26a7af5694ead9" style="text-align: center"><strong>Sergio Perez's major achievements and awards</strong></h2>
Sergio Perez scored a podium in just his second season in Formula One, in the second race of 2012. During his stint with the Woking-based outfit, he could only manage a position as high as fifth. When he moved to Force India, he scored five podiums for the Indian outfit.

His highest position in the Drivers' Championship was seventh in 2016 and 2017. In his partnership with Hulkenberg, the two managed to help the team finish fourth in the 2016 Championship. Perez and Ocon repeated the feat once again in 2017.

Perez out qualified and outpaced his younger teammate Stroll to finish 1oth in the Drivers' Standings, scoring a respectable 52 points in a car that wasn't very competitive.

[caption id="attachment_2663156" align="alignnone" width="457"]<img class="size-medium wp-image-2663156" src="https://image-cdn.essentiallysports.com/wp-content/uploads/2024-02-21T130226Z_409878224_UP1EK2L108072_RTRMADP_3_MOTOR-F1-TESTING-457x315.jpg" alt="Sergio Perez" width="457" height="315" /> Formula One F1 - Pre-Season Testing - Bahrain International Circuit, Sakhir, Bahrain - February 21, 2024 Red Bull's Sergio Perez during the pre-season testing REUTERS/Hamad I Mohammed[/caption]

However, Perez faced a much stronger challenge from the Canadian in 2020. With the RP20 being strongly influenced by the 2019 championship-winning car, Racing Point zoomed ahead of the midfield with Perez and Stroll scoring points consistently.

The Mexican was forced to miss two races this season due to COVID-19 but bounced back with a stellar performance at the Spanish Grand Prix. Perez won his first race at the Sakhir Grand Prix.

On the first lap, Perez was hit by Leclerc and went from 2nd place to 18th and last. On lap 64, he took the lead and won the race ahead of Esteban Ocon and teammate Stroll. This was the first win for a Mexican driver since Pedro Rodriguez won the 1970 Belgian Grand Prix 50 years prior.

Perez finished fourth in the Drivers' Championship in the 2020 season, his best-ever seasonal finish in F1. Perez is also in an intense battle for P3 in the championship along with Valtteri Bottas and Lando Norris in 2021. However, the 'second driver curse' has often haunted Perez, resisting him from securing decent race finishes apart from the back-to-back strong points haul in France, Azerbaijan, and Monaco.

Perez scored his first Red Bull podium at Le Castellet followed by his first Red Bull win at Baku and an incredible comeback drive in Monaco. So far, Sergio Perez has <b>won 6 Grand Prix races and scored 35 podium finishes</b>, and is on track to break many more records.
<h2 class="jsx-cb26a7af5694ead9" style="text-align: center"><strong>Sergio Perez Charity and Foundation</strong></h2>
Back in 2012, Perez and his family founded the 'Checo Perez Foundation'. Coming from a humble background in Mexico, Sergio Perez seized the opportunity to help the needy back in his homeland as soon as he had the means. While earlier, it was mostly dedicated to providing basic support and shelter to children who had been abandoned, in recent years the foundation has done impressive work in the mental wellness realm.
<h2 style="text-align: center">Sergio Perez's Car Collection</h2>
When he is not busy breaking records on the track, Sergio Perez dedicates his time to amping up his already million-dollar car collection. His garage consists of a Bugatti Chiron, McLaren 720S, Mercedes Benz AMG, Porsche Panamera, and BMW X7. Perez has one of the most impressive car collection among the F1 drivers.

&nbsp;
<table style="width: 70.9158%;height: 312px">
<tbody>
<tr style="height: 24px">
<td style="height: 24px;width: 14.882%">Name</td>
<td style="height: 24px;width: 83.6661%">Sergio Michel Pérez Mendoza</td>
</tr>
<tr style="height: 24px">
<td style="height: 24px;width: 14.882%">Born</td>
<td style="height: 24px;width: 83.6661%">26 January 1990</td>
</tr>
<tr style="height: 48px">
<td style="height: 48px;width: 14.882%">Place of Birth</td>
<td style="height: 48px;width: 83.6661%">Guadalajara, Jalisco, Mexico</td>
</tr>
<tr style="height: 24px">
<td style="height: 24px;width: 14.882%">Nationality</td>
<td style="height: 24px;width: 83.6661%">Mexican</td>
</tr>
<tr style="height: 48px">
<td style="height: 48px;width: 14.882%">Education</td>
<td style="height: 48px;width: 83.6661%">Master's Graduate from the University of Wisconsin-La Crosse</td>
</tr>
<tr style="height: 24px">
<td style="height: 24px;width: 14.882%">Parents</td>
<td style="height: 24px;width: 83.6661%">Antonio Pérez Garibay, Marilú Mendoza de Pérez</td>
</tr>
<tr style="height: 24px">
<td style="height: 24px;width: 14.882%">Height</td>
<td style="height: 24px;width: 83.6661%">5 ft 8 in (1.73 m)</td>
</tr>
<tr style="height: 24px">
<td style="height: 24px;width: 14.882%">Weight</td>
<td style="height: 24px;width: 83.6661%">63 kg</td>
</tr>
<tr style="height: 24px">
<td style="height: 24px;width: 14.882%">Wife</td>
<td style="height: 24px;width: 83.6661%">Carola Martinez</td>
</tr>
<tr style="height: 24px">
<td style="height: 24px;width: 14.882%">Kids</td>
<td style="height: 24px;width: 83.6661%">Sergio Jr, Carlota, and Emilio</td>
</tr>
<tr style="height: 24px">
<td style="height: 24px;width: 14.882%">Social Media</td>
<td style="height: 24px;width: 83.6661%"><a href="https://www.instagram.com/schecoperez" target="_blank" rel="noopener">Instagram</a>, <a href="https://www.facebook.com/sergioperezf1" target="_blank" rel="noopener">Facebook</a></td>
</tr>
</tbody>
</table>
&nbsp;

Sergio Perez

Find the latest information on F1 racer Sergio "Checo" Perez, his net worth in 2024, his achievements, investments, and more on EssentiallySports.

Sergio Perez Archives

Sergio Perez Archives - EssentiallySports

[caption id="attachment_506620" align="alignnone" width="1920"]<img class="size-full wp-image-506620" src="https://image-cdn.essentiallysports.com/wp-content/uploads/20210107172912/GettyImages-1145223856.jpg" alt="Toto Wolff during a press conference" width="1920" height="1280" /> BAKU, AZERBAIJAN - APRIL 26: Mercedes GP Executive Director Toto Wolff talks in the Team Principals Press Conference during practice for the F1 Grand Prix of Azerbaijan at Baku City Circuit on April 26, 2019 in Baku, Azerbaijan. (Photo by Dan Istitene/Getty Images)[/caption]
<h2><strong>Toto Wolff: 2021 Net worth, salary and endorsements</strong></h2>
Toto Wolff functions in the capacity of the Team Principal to the <a href="https://www.essentiallysports.com/category/f1/mercedes">Mercedes AMG Petronas Formula One</a> team. The Austrian joined the team in 2014 and has been with them ever since.

Wolff started his motorsport career in 1992 in the Austrian Formula Ford Championship. 2 years later, he won the 24 Hours N?rburgring in his category. Wolff even racked up a few wins here and there, in the FIA GT Championship and in the Italian GT Championship.

Wolff currently resides with his second wife, the Scottish racer, Susie Wolff. The two have a child together, in addition to two children from Toto's previous marriage to Stephani.

Wolff has two residences in the UK and Switzerland in Oxfordshire and Ermatingen, respectively.

<strong>READ MORE-</strong> <a href="https://www.essentiallysports.com/f1-news-toto-wolff-everything-we-know-about-his-wife-children-and-personal-life/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">Toto Wolff: Everything We Know About His Wife, Children and Personal Life</a>
<h2>Toto Wolff stats</h2>
Other accolades to his name are a runner-up in the Austrian Rally Championship in 2006, and the top spot in the 24-hour race in Dubai. In 2009, he also became a lap-record holder on the N?rburgring Nordschleife in a Porsche RSR.

After retirement, Wolff focused heavily on investment, even <a href="https://www.mercedesamgf1.com/en/team/management/toto-wolff/" target="_blank" rel="noopener noreferrer">founding</a> two companies. Both companies primarily focused on investments in the internet and technology sector.

However, from 2003 onwards Wolff concentrated on strategic investments in medium-sized industrial and listed companies. Some Investments include the German HWA AG that runs the Deutsche Tourenwagen Masters race program for Mercedes-Benz.

Other investments include BRR Rallye Racing, one of the largest rally parts dealers in Europe. Wolff is also <a href="https://www.mercedesamgf1.com/en/team/management/toto-wolff/" target="_blank" rel="noopener noreferrer">co-owner</a> of a racing driver management company with former F1 champion Mika H?kkinen.
<h2>Toto Wolff's 2021 Net Worth</h2>
His net worth is believed to be nearly <a href="https://www.handelszeitung.ch/people/toto-wolff" target="_blank" rel="noopener noreferrer">$580 million</a> (approximately).

As a Team Principal, Toto Wolff reportedly earns ?8 million a year. At least, according to Austria?s Osterreich?newspaper.

After joining Mercedes, he acquired a 30% stake in Mercedes-Benz Grand Prix Ltd.
<h2><b>Toto Wolff?s endorsements</b></h2>
As mentioned before, Toto Wolff has various investments. These include a share in the <a href="https://www.essentiallysports.com/category/f1/williams/">Williams</a> F1 Team and even the Mercedes team itself.
<h2>Best Moments of Toto Wolff</h2>

<h2><strong>Toto Wolff: Foundations and charity work</strong></h2>
Wolff is <a href="http://marybendetfoundation.com/about-us/" target="_blank" rel="noopener noreferrer">Vice Chairman</a> of the Mary Bendet Foundation, founded in memory of a school friend who was a role model for a generation of friends. The Foundation strives to make life better for children who are underprivileged.

Its projects include improving living conditions in day-care centers, dormitories, and playgrounds, creating joyful environments such as rehearsal studios, supporting talent by sponsoring scholarships, and inaugurating centers for blind and handicapped children to better prepare them for life.
<h2>How to contact Toto Wolff</h2>
Unfortunately, there is no easy way to get in touch with Toto Wolff. Wolff does not have an official website, and the same applies to his social media.
<table width="549">
<tbody>
<tr>
<td width="319"><strong>Age</strong></td>
<td width="319">49</td>
</tr>
<tr>
<td width="319"><strong>Marital Status</strong></td>
<td width="319">Married</td>
</tr>
<tr>
<td width="319"><strong>Spouse</strong></td>
<td width="319">Susie Wolff</td>
</tr>
<tr>
<td width="319"><strong>Residence</strong></td>
<td width="319">Oxfordshire, England? Ermatingen, Switzerland</td>
</tr>
<tr>
<td width="319"><strong>Nationality</strong></td>
<td width="319">Austrian</td>
</tr>
<tr>
<td width="319"><strong>Endorsements</strong></td>
<td width="319">Mercedes, Williams</td>
</tr>
<tr>
<td width="319"><strong>Height</strong></td>
<td width="319"><a href="https://twitter.com/Susie_Wolff/status/617706515223445504" target="_blank" rel="noopener noreferrer">1.96m</a></td>
</tr>
<tr>
<td width="319"><strong>Children</strong></td>
<td width="319">3</td>
</tr>
<tr>
<td width="319"><strong>Ethnicity</strong></td>
<td width="319">White</td>
</tr>
<tr>
<td width="319"><strong>?Championships</strong></td>
<td width="319">0</td>
</tr>
</tbody>
</table>

Toto Wolff

BAKU, AZERBAIJAN &#8211; APRIL 26: Mercedes GP Executive Director Toto Wolff talks in the Team Principals Press Conference during practice for the F1 Grand Prix of Azerbaijan at Baku City Circuit on April 26, 2019 in Baku, Azerbaijan. (Photo by Dan Istitene/Getty Images) Toto Wolff: 2021 Net worth, salary and endorsements Toto Wolff functions in the capacity of the Team Principal to the Mercedes AMG Petronas Formula One team. The Austrian joined the team in 2014 and has been with them ever since. Wolff started his motorsport career in 1992 in the Austrian Formula Ford Championship. 2 years later, he won the 24 Hours N?rburgring in his category. Wolff even racked up a few wins here and there, in the FIA GT Championship and in the Italian GT Championship. Wolff currently resides with his second wife, the Scottish racer, Susie Wolff. The two have a child together, in addition to two children from Toto&#8217;s previous marriage to Stephani. Wolff has two residences in the UK and Switzerland in Oxfordshire and Ermatingen, respectively. READ MORE- Toto Wolff: Everything We Know About His Wife, Children and Personal Life Toto Wolff stats Other accolades to his name are a runner-up in the Austrian Rally Championship in 2006, and the top spot in the 24-hour race in Dubai. In 2009, he also became a lap-record holder on the N?rburgring Nordschleife in a Porsche RSR. After retirement, Wolff focused heavily on investment, even founding two companies. Both companies primarily focused on investments in the internet and technology sector. However, from 2003 onwards Wolff concentrated on strategic investments in medium-sized industrial and listed companies. Some Investments include the German HWA AG that runs the Deutsche Tourenwagen Masters race program for Mercedes-Benz. Other investments include BRR Rallye Racing, one of the largest rally parts dealers in Europe. Wolff is also co-owner of a racing driver management company with former F1 champion Mika H?kkinen. Toto Wolff&#8217;s 2021 Net Worth His net worth is believed to be nearly $580 million (approximately). As a Team Principal, Toto Wolff reportedly earns ?8 million a year. At least, according to Austria?s Osterreich?newspaper. After joining Mercedes, he acquired a 30% stake in Mercedes-Benz Grand Prix Ltd. Toto Wolff?s endorsements As mentioned before, Toto Wolff has various investments. These include a share in the Williams F1 Team and even the Mercedes team itself. Best Moments of Toto Wolff Toto Wolff: Foundations and charity work Wolff is Vice Chairman of the Mary Bendet Foundation, founded in memory of a school friend who was a role model for a generation of friends. The Foundation strives to make life better for children who are underprivileged. Its projects include improving living conditions in day-care centers, dormitories, and playgrounds, creating joyful environments such as rehearsal studios, supporting talent by sponsoring scholarships, and inaugurating centers for blind and handicapped children to better prepare them for life. How to contact Toto Wolff Unfortunately, there is no easy way to get in touch with Toto Wolff. Wolff does not have an official website, and the same applies to his social media.  Age 49  Marital Status Married  Spouse Susie Wolff  Residence Oxfordshire, England? Ermatingen, Switzerland  Nationality Austrian  Endorsements Mercedes, Williams  Height 1.96m  Children 3  Ethnicity White  ?Championships 0

Mercedes F1 Tease Huge Lewis Hamilton Announcement

Wolff opens up on contract talks with Lewis Hamilton