Net Worth

Michael Schumacher’s fortune

How rich is Michael Schumacher?

Former Formula 1 driver Michael Schumacher is considered one of the best and richest motor sportsmen of all time. He is with his seven F1 world titles level with Lewis Hamilton. His fans love him and the Germans are proud of their Schumi. It is all the worse that Michael Schumacher has not yet recovered from his skiing accident in 2013. Since then he has been cared for at home; nothing is known about his exact health.

It is due to his exceptional talent, his long career and, last but not least, his high popularity, which he still has despite his retirement, that he is one of the 500 richest Germans according to Forbes. The cherished Michael Schumacher’s fortune is 650 million euros. This fortune is made up not only through his salaries as a Formula 1 driver, which he received from the racing teams during his active time, but also through numerous advertising deals from his sponsors (e.g. advertising for the Fiat Seicento or various Mercedes models). DVAG (Deutsche Vermögensberatung) has also been a long-term sponsor of Schumi and is honoring the 20-year partnership with the world champion with its own Schumacher exhibition in Marburg. He will also be very proud of his son Mick, who has also been in the premier class since 2021.

How is Michael Schumacher?

Michael Schumacher net worth

Even after his career break, he earned well in Formula 1 because he was his last racing team Mercedes F1 paid about 23.2 million euros per season. Michael Schumacher’s career came to an end with his skiing accident in 2013. Since then there have been no more TV appearances, also no further news about Michael. His family completely shields the public from him and keeps his health private. The popular racing driver was torn from his previous life by this tragic fate. We hope that Michael Schumacher is doing reasonably well, maybe we will hear from him in the future. With a little luck you might see him on TV again. After all, Michael Schumacher is not only one of the best Formula 1 drivers of all time, but also one of the most popular German stars who also earned an incredible fortune.

The racing driver Michael Schumacher took part in a total of 307 Grand Prix in Formula 1 and still holds some records today. So he was able to do seven times in his career World title to win. Furthermore, Michael Schumacher was the first to cross the finish line in 91 races and achieved 68 pole positions, i.e. first places in a qualification a Grand Prix. Michael Schumacher is one of the most successful racing drivers in history, with a total of 1,566 World Championship points and 155 podium places.

The career of the best Formula 1 driver of all time

Michael Schumacher merit
As many drivers in Formula 1 frankly admit, you not only need exceptional talent to make it into the premier class, but also luck. It’s important to speak to the right people at the right time, in the right place. Schumacher was very lucky from the start his father leased a go-kart track. The young Michael was already sitting in a kart at the age of four and in this way had the opportunity to grow into motorsport.

With his extraordinary talent and his unconditional will to understand the laws of driving physics, he succeeded in developing extraordinary skills that soon paved the way for him to enter the higher classes of motorsport (Formula 3000, DTM, Formula Ford and Formula 3). His breakthrough came in 1991 when he made his Formula 1 debut for Jordan. While Jordan initially wanted to demand 3.5 million euros from Schumacher’s sponsors to give him the chance of a cockpit, Schumacher soon became the best Formula 1 driver ever when he experienced his heyday at Scuderia Ferrari.

Successes and Records

Michael Schumacher holds several records in the premier class of motorsport and for this reason it is still respected and admired by most drivers today. Here is a small selection of his greatest achievements and successes:

  • 1990 German champion in Formula 3
  • F1 world champion in 1994 and 1995 at Benetton
  • F1 world champion from 2000 to 2004 five times in a row
  • 91 wins in Formula 1
  • 68 poles in Formula 1
  • a total of 1566 World Championship points in Formula 1
  • 155 podium places in Formula 1
  • best paid driver in the years 2000 to 2004 (estimated 50 million € earnings per year at Scuderia Ferari)

Michael Schumacher worked for these teams

  • Jordan (1991)
  • Benetton (1991-1995)
  • Ferrari (1996-2006)
  • Mercedes (2010 – 2012)

The property of Michael Schumacher

1 Michael Schumacher owns one Family villa on Lake Geneva, which is also his main residence. Because although Schumacher was born in Germany, he decided to emigrate to Switzerland in the course of his Formula 1 career.

Michael and Coninna Schumacher

2 Two ranches: These are probably due to his wife Corinna’s love for horses and equestrian sport, as the two of them have also acquired a ranch in the US state of Texas, on which they breed quarter horses. With the joint ranch in Switzerland, they were able to gain their first experience in the management and maintenance of a ranch. Corinna Schumacher is primarily responsible for both ranches.

3 In addition, he owns a Chalet in the French alpine town of Méribel. The place is located on an excellent ski area, which is mainly visited by celebrities who also own real estate in Méribel. With his high fortune, one or the other property could be added in the future.

4th Dream villa in Mallorca: Corinna Schumacher bought Real Madrid President Florientino Perez’s villa for herself and her family in 2018. Price: 30 million euros. The approximately 15,000 square meter property should have a dream view of the sea. 3000 square meters of which are built on with the main villa and an auxiliary building. There are also two swimming pools and a helicopter landing pad. The villa itself is intended as a holiday home.

Schumi’s own island

5 Own island in Dubai: At his last Grand Prix in Brazil, Schumi received his own island as a parting gift from Sheikh Mohammed bin Raschid Al Maktoum as part of the “The World” project in Dubai. The archipelago consists of a total of 300 artificially raised islands, which are arranged together like a globe. The island is worth a total of 4.5 million euros and is intended to be a future holiday destination for the German family.

If you are looking for a direct comparison to reigning Formula 1 drivers in terms of salary, you only have to remember that Sebastian Vettel, currently the most successful Formula 1 driver, only earns a fraction of what Schumacher earned in his heyday at Scuderia. This makes Schumacher the undisputed number 1 in terms of earnings.

Tragic skiing accident in France at the end of 2013

Michael Schumacher fell on December 29, 2013 in a skiing accident in Méribel, France and suffered a serious traumatic brain injury. Michael Schumacher has been skiing for many years and is considered an experienced athlete in this field. The circumstances of this accident are unclear, so that one can only guess how this incident came about. Michael Schumacher fell with his head on a rock. His helmet was destroyed in the process. If the former racing driver hadn’t worn a helmet for safety, Michael Schumacher would certainly not have survived the accident on skis.

Numerous celebrities, such as Boris Becker, publicly expressed wishes for improvement and a lot of strength for Michael Schumacher’s family. The former Formula 1 world champion is now at home with his family and is making small strides to get well again. Unfortunately, it remains to be seen whether this will be possible to the full extent. The family has now reactivated Michael Schumacher’s website and thanks for all the wishes for wellbeing. Schumi’s manager Sabine Kehm asks the public for patience and will for the time being do not provide any further information on the state of health.

Personal – The marriage with Corinna

Michael Schumacher is that Brother of Ralfwho was also active in Formula 1 for a number of years and also drove in the DTM. Ralf Schumacher was nowhere near as successful as Michael. Michael Schumacher has been with the company since 1995 Corinna married. Corinna runs a riding stable and organizes various international horse riding tournaments. Corinna Schumacher is also a gold medalist in western riding.

Michael Schuhmacher in the Ferrari

The automobile racing driver Michael Schumacher stood up for some social organizations and donated millions of euros from his fortune over the years. Michael Schumacher is committed to the “No Power to Drugs” campaign. Michael Schumacher is also an ambassador for UNESCO, which also supports his wife Corinna. Michael Schumacher recently donated a lot of money, especially for children in developing countries.

Own film “Schumacher” on Netflix

On September 15, 2021, the exclusive Schumi film “Schumacher” will appear as a documentary on Netflix and should contain recordings of the family that have never been shown.

There are also very emotional statements in it:

Corina Schumacher: “But Michael is there, different, but he is there and that gives us all strength.”

Mick Schumacher: “I think that Papa and I would understand each other in a different way now. Simply because we are now speaking in a similar language. In motorsport language. “

Who will one day inherit Michael Schumacher’s fortune?

According to the will, which the BILD newspaper allegedly had at hand, Wife Corinna and the two children Gina-Maria and Mick will inherit all of Schumi’s assets. His wife Corinna is also registered as the asset manager after she applied for power of attorney at the Nyon Peace Court.

Image sources:
Mandoga Media + Landmark + Insidefoto / PR Photos
Michael Schumacher in Ferrari – Dan Smith / wikimedia [CC-BY-SA-2.0]

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