Michael Schumacher’s Net Worth, Biography | Career | Family and lot more

Michael Schumacher’s Net Worth

How much is Michael Schumacher’s Net Worth? Michael Schumacher is a former German Formula One race car driver with a $600 million net worth. Michael is one of only a few athletes who have earned more than $1 billion in their careers. At the height of his career, he earned between $80-$100 million per year. He earned $10 million per year for wearing a Shell hat during public appearances.

He began racing at a young age and is now regarded as the most successful Formula One driver of all time. From 1991 to 2006, he raced for Jordan Benetton and Ferrari. Ralf Schumacher, Michael’s younger brother, also had a successful racing career. Michael’s life was tragically turned upside down in December 2013 after a skiing accident. He sustained permanent brain damage as a result of the accident.


Michael Schumacher Biography

Real Name Michael Schumacher
Nick Name: Michael
Birth Place: Hürth, Germany
Date Of Birth/Birthday: 3 January 1969
Age/How Old: 53 years old
Height/How Tall: In Centimetres – 174 cm
In Feet and Inches – 5′ 9″
Weight: In Kilograms – 74 kg
In Pounds – 165 lbs.
Eye Colour: Green
Hair Colour: Dark brown
School: Realschule der Stadt Kerpen school
College: N/A
Religion: Catholic
Nationality: German
Zodiac Sign: Capricorn
Gender: Male
Sexual Orientation: Straight
Kids/Children Name: Mick Schumacher, Gina Marie
Profession: German former racing driver
Net Worth: $600 Million

Michael Schumacher was born in Germany on 3 January 1969. When he was six years old, he won his first kart race. He won the German Junior Kart Championship when he was only 13 years old, in 1982. Apart from that, he became self-sufficient at a young age, working as a mechanic after leaving his family and earning a living. He debuted in Formula 3 in 1990. After a year, he was offered a seat in Formula One. The Mexican Grand Prix was his debut Grand Prix.

In 1993, he won only one Grand Prix and lost the rest. The following year, he competed in 16 races, winning nine of them. Following his success in other cars, he joined the Ferrari team, and the partnership between Michael Schumacher and Ferrari is regarded as Ferrari’s golden age in F1 circles. Ferrari and Michael Schumacher used to be seen on every podium.


Growing Up

Michael Schumacher was born in the German town of Hürth on January 3, 1969. His parents encouraged him to race when he was young by building him his own kart. In 1982, a young Schumacher won the “German Junior Karting Championship.” He received his driver’s license at the age of 14 the following year.


Private Life

In August 1995, Michael married Corinna Betsch. They have two children, Gina-Marie (born in 1997) and Mick (b. 1999). Michael has always been adamant about keeping his personal life private. Mick Schumacher was named a Ferrari Driver Academy driver in 2019. Michael used to enjoy horseback riding and playing football for his local team, FC Echichens.


Michael Schumacher Relationship & More

Affairs Not known
Girlfriend Not known
Best Friend Not known
Spouse Corinna Schumacher (m. 1995)
Divorce N/A
Children Mick Schumacher, Gina Marie
Father Rolf Schumacher
Mother Elizabeth Schumacher
Siblings   Ralf Schumacher and Sebastian Stahl

Michael Schumacher’s Net Worth



Michael competed for the ‘WTS’ team in the German ‘Formula 3’ championship in 1990. The following year, as part of the ‘Mercedes junior racing program,’ he competed in the ‘World Sports-Prototype Championship.’ The following year, the young driver finished seventh in a Formula One race for the ‘Jordan Grand Prix’ team. He finished fifth in the ‘Italian Grand Prix’ the same year, defeating Nelson Piquet.

The racer was involved in an accident with British racer Damon Hill at the ‘Australian Grand Prix’ the same year. The incident was later blamed on Schumacher by the English media. The rules of the ‘Formula One championship were changed in 2005, allowing drivers to use only one set of tires for the duration of the race.

The ‘Ferrari’ team used ‘Bridgestone tires, which needed to be replaced frequently. When the rules were changed, teams that used ‘Michelin tires won the majority of the races, while the six drivers who used ‘Bridgestone’ tires were forced to withdraw. Schumacher’s only victory in the 2005 season came in the ‘United States Grand Prix,’ where he finished third and earned 62 points.

Michael Schumacher’s net worth is $600 million.


F1 Racing

Michael debuted in Formula One at the Belgian Grand Prix in 1991. In 1994, he won six of seven races. In 1996, he joined the racing team Scuderia Ferrari S.P.A. Until the arrival of Schumacher, the team had struggled for years to win a championship.

Michael won races for the struggling team almost immediately. Michael’s success was highlighted in 1999 when he won the prestigious Constructors title. Despite the fact that his career was on fire in the late 1990s, the following decade would bring another string of highly successful and lucrative victories. Schumacher would go on to win more championships than any other driver in racing history beginning around the year 2000.

He was the seven-time Formula One world driver’s champion (1994, 1994, 2000, 2001, 2002, 2003, and 2004). He won the World Championship for the third time in 2000, as well as the Italian Grand Pix and the Japanese Grand Pix. His popularity began to wane around 2005, and he announced his retirement in 2006.

In 2010, he announced his return to racing with Mercedes GP. At the 2012 Monaco Grand Prix, he set the fastest qualifying time, and he finished third at the 2012 European Grand Prix. With this, he surpassed Jack Brabham’s second-place finish at the British Grand Prix in 1970 as the oldest driver to ever finish on the podium.

Michael has been involved in a number of controversies over the years. Some of these include dangerous driving citations and penalties, as well as allegations of foul play and a cheating scandal.


Here are some of Michael Schumacher’s best moments:

  • Best Driver ESPY Award (2002, 2005)
  • Bambi Millennium Award (2014)


Accident on the slopes

Michael’s career was tragically cut short due to a skiing accident in December 2013 that resulted in a traumatic brain injury. He had been skiing in the French Alps with his 14-year-old son Mick when he fell and hit his head on a rock. Despite wearing a ski helmet, he sustained serious head injuries. According to doctors, if he hadn’t been wearing the helmet, he would have died.

Schumacher was hospitalized for six months and has not been seen in public since. He regained consciousness in June 2014 and was transferred to Switzerland for additional rehabilitation. In September 2014, Michael was finally allowed to return home for further rehabilitation. Michael was reported to be paralyzed and in a wheelchair in November 2014. He couldn’t speak and was suffering from memory loss. Michael was flown to Paris in September 2019 to receive advanced stem cell treatment in the hopes that it would aid in his recovery.


Michael donated tens of millions, if not hundreds of millions, of dollars to global charities during his career. Because much of his giving was done anonymously, the exact total amount is unknown. During his final five years of driving, he donated a total of $50 million to UNESCO. He has given UNESCO a total of 1.5 million euros over the years.

Furthermore, Schumacher funded the construction of a school for underprivileged children in Dakar, Senegal. He also supports a hospital in Sarajevo for child war victims. He also gave between $5 and $10 million to the Clinton Foundation. He was appointed Ambassador-at-Large for the Most Serene Republic of San Marino in 2003.

He gave $10 million to victims of the Indian Ocean earthquake in 2004. The earthquake and resulting tsunami killed his bodyguard (as well as the bodyguard’s two sons). Schumacher supported Palace for the Poor in Lima, Peru, a charity that provides education, food, clothing, and shelter to homeless children.


Earnings and endorsements

Michael Schumacher is also one of the highest-paid athletes of all time, having earned well over $1 billion in his career. He is the fifth highest-earning athlete of all time, trailing only Jack Nicklaus ($1.2 billion), Arnold Palmer ($1.7 billion), Tiger Woods ($1.7 billion), and Michael Jordan ($2 billion) at that level. Schumacher earned $50 million in endorsements alone during years when he was not racing.

Shell paid him $10 million per year at the height of his career to wear a hat with the company’s logo at nearly all public appearances. At his peak, he earned $80-100 million per year, making him the highest-paid athlete in the world on a regular basis. Since Forbes began tracking athletes in 1990, he has appeared on their list of the highest-paid athletes every year.


Michael Schumacher Social Media Accounts

Instagram More than 952K Followers Click here
Facebook More than 1.6M Followers Click here
Twitter More than 210.3K Followers Click here
You tube More than 2.31K Subscribers Click here


Property Management

Michael and his wife have an enviable global real estate portfolio. Michael and his wife Corinna’s primary residence at the time of his accident was a mansion in Switzerland on the shores of Lake Geneva. They also own a horse ranch in Texas because he and his wife are both horse enthusiasts. Michael’s wife purchased a $40 million property in Majorca, Spain, spanning 160,000 square feet, in 2018.


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