Michael Schumacher, 52, is one of the most successful Formula One race car drivers with 91 Grad Prix victories and 155 podium finishes to his name. The retired German racing driver had his all-time Grand Prix record broken by Lewis Hamilton in October 2020, but he still remains a Champion of Champions within the sport. How much is Michael Schumacher worth? Express.co.uk has all you need to know about Michael Schumacher’s net worth and how his wealth was created.
Michael Schumacher net worth
According to celebritynetworth.com, Michael has a net worth of $600million (£434million).
Michael is one of just a handful of athletes who earned more than $1billion (£723million) during their career.
At the peak of his career, Michael made $80-$100million (£57.9-£72.3million) per year.
Of that, he earned $10million (£7.2million) a year to where a Shell hat during public appearances.
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Michael Schumacher early life and rise
Michael was born on January 3, 1969 in Hürth, which at the time was part of West Germany.
His parents Rolf and Elisabeth Schumacher were keen to start his racing career early.
When Michael was just four, his father put a small motorcycle engine in his pedal kart.
And with his parents’ support, Michael became the youngest member of the karting club at the Karting track in Kerpen-Horrem.
At six-yeas-old, Michael won his first club championship and he continued to race throughout his childhood and teenager years.
Despite regulations in Germany requiring a driver to be at least 14-years-old to get a license to operate a kart, Michael obtained a license in Luxembourg at the age of 12.
And after winning many German and European kart championships, Michael signed with Willi Weber’s WTS Formula Three team in 1989.
Michael Schumacher’s Formula One career
Michael made his F1 debut in 1991 in at the Belgian Grand Prix and his stint in Formula One was in two phases, from 1991 until 2006 and then, he made a stunning comeback in the year 2010 and went on until 2012.
He drove the majority of his career for Ferrari and returned to F1 with Mercedes GP in the year 2010.
Michael hit his stride in 1994 when he won six out of seven races.
In 1996, he joined Scuderia Ferrari S.P.A racing team – a team that struggled for years to win a championship until the arrival of Michael.
This success became apparent in 1999 when Michael won the prestigious Constructors title.
And the next decade brought a string of highly successful and lucrative wins.
In 2006, Michael announced his retirement.
Then in 2010 he announced a comeback with Mercedes GP.
Michael went onto produce the fastest qualifying time at the 2012 Monaco Grand Prix, and finished third at the 2012 European Grand Prix.
With this, became the only oldest driver to ever achieve a podium since Jack Brabham’s second-place finish in 1970 at the British Grand Prix.
But, Michael’s career was tragically cut short by a skiing accident in the Alps in 2013, which left him with a traumatic brain injury.
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Michael Schumacher’s Ski accident
Michael was out skiing with his 14-year-old son Mick in the French Alps when he fell and hit his head on a rock.
Despite wearing a ski helmet, Michael suffered severe head injuries and was placed in a medically induced coma for six months.
He regained consciousness in June 2014 and was transferred for further rehab in Switzerland.
Michael was finally able to be brought home for further recovery in September 2014.
In November 2014, it was reported that Michael was paralysed and in a wheelchair.
He was unable to speak and suffered memory loss.
In September 2019 Michael was transported to Paris to undergo an advanced stem cell treatment in the hopes that it might help him recover.
Michael Schumacher’s personal life
Michael married Corinna Betsch in August 1995.
Together they have two children, daughter Gina-Marie and Mick.
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