When talking about Formula 1, Michael Schumacher is a widely recognized name in the sport. The seven-time champion set records in the sport and has an immense fan base to this day. It is this popularity that made the driver extremely marketable. This means that Schuhmacher finds himself in the list of the top 10 highest paid athletes of all time.
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Sportico recently released a list listing the 25 highest paid athletes regardless of the time of their careers. Michael Schumacher was the only F1 driver in the top 10 list; he made the list for $ 1.13 billion.
How did Michael Schumacher earn his billions?
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According to Sportico, Schumacher contested Tiger Woods for the position of the highest paid athlete at the beginning of the 21st century. However, he was the world’s first billionaire. This is mainly due to his high salary from Ferrari and the five championships he won with the Prancing Horses.
MONTE CARLO, MONACO – Michael Schumacher from Germany and Ferrari watches in the Ferrari pit during qualifying for the Monaco Formula 1 Grand Prix in Monte Carlo, Monaco. (Photo by Vladimir Rys / Bongarts / Getty Images)
Most of the money came from his time at Mercedes and Scuderia Ferrari. But the confirmations were also crucial. Shell, Vodafone and Marlboro were big names that made a lot of money. It is also said that Shell paid Schumacher $ 10 million just to wear a hat with the company logo on it.
In addition, the German investment company Deutsche Vermögensberatung Schumi paid $ 8 million to wear their hat. Schumacher is the most decorated diver in Formula 1, and every title, victory and podium only added to his growing salary.
The Red Baron has a private island off the coast of the United Arab Emirates, several luxury villas, and high-speed machines such as a private jet and a bespoke Ferrari FXX.
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Other motorsport representatives on the list
The man who achieved Schumacher’s record appears on the top 25 list. Lewis Hamilton is number 20 on the list. No wonder, because the driver has a tough Mercedes contract and several wins for his name and sponsorship of brands like Tommy Hilfiger, Puma, Monster Energy, etc.
Formula 1 F1 – United States Grand Prix – Circuit of the Americas, Austin, Texas, USA – October 24, 2021 Lewis Hamilton REUTERS / Brian Snyder of Mercedes
Retired NASCAR driver Jeff Gordon also represents motorsport in a field dominated by basketball and soccer stars. Once again, prize money and endorsements were the main features; However, Gordon also has stakes in Hendricks Motorsport, which adds to the bottom line.
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The post How Michael Schumacher earned more than $ 1 billion in his life and Formula 1 career first appeared on monter-une-startup.Did you miss our previous article...
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