via Reuters
Formula One F1 – Mexico Grand Prix – Autodromo Hermanos Rodriguez, Mexico City, Mexico – November 4, 2021 Red Bull’s Max Verstappen during the press conference Pool via REUTERS/Edgard Garrido
via Reuters
Formula One F1 – Mexico Grand Prix – Autodromo Hermanos Rodriguez, Mexico City, Mexico – November 4, 2021 Red Bull’s Max Verstappen during the press conference Pool via REUTERS/Edgard Garrido
Formula 1 drivers are among the highest-paid sportspersons in the world. Along with their fees, they are handsomely rewarded with various endorsements and self-owned businesses. Let’s take a look at the earnings of F1’s ‘next big name’, Max Verstappen. The Dutchman is currently in his 5th season with the Red Bull team. He is inching towards his first F1 world title with an 8-point lead over Lewis Hamilton.
Max Verstappen holds the record of being the youngest F1 driver and Grand Prix winner. With growing popularity and more wins under his belt, he is surely making a name and a fortune for himself. Let’s take a closer look at where he stands on the list of the world’s highest-paid athletes in 2021.
Where does Max Verstappen rank in the World’s highest-paid athletes?
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The Red Bull star hails from a motorsports background. His father, Jos Verstappen is a former F1 driver who competed in other motorsports events as well. He won the 2008 24 hours Le Mans LMP2 drivers’ title. Max has an ongoing contract with Red Bull until 2023 which can extend further in all possibilities.
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via Reuters
Formula One F1 – United States Grand Prix – Circuit of the Americas, Austin, Texas, U.S. – October 24, 2021 American former professional basketball player Shaquille O’Neal presents the winner trophy to Red Bull’s Max Verstappen on the podium REUTERS/Brian Snyder
Verstappen ranks 27th in Forbes’ 2021 list of the world’s highest-paid athletes. According to reports, his earnings for this year amount to $42.5 million. The 24-year-old sources his earnings mainly from salary and winnings, which amount to $41.5 million. He has earned $1 million from endorsements.
Verstappen is second only to Lewis Hamilton, who has estimated earnings of $82 million this year. The seven-time world champion has a base salary of $55 million and when combined with the on-track winnings, it shoots up to $70 million. The Briton earns handsomely from endorsements as well, which amounted to $12 million in 2021.
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The Red Bull prodigy is close to winning his maiden world title which is bound to happen sooner than later. With F1 getting more popular than ever and with the changing business model, one can expect to see an exponential rise in the net worth of Max Verstappen.
Read More- Lewis Hamilton vs Michael Schumacher Net Worth Comparison: Which 7-Time F1 Champion is Richer?
