How much is Michael Schumacher worth?
| Net Worth: | $600 Million |
|---|---|
| Date of Birth: | January 3, 1969 |
| Residence: | Hurth, West Germany |
| Occupation: | Racing Driver |
| Updated: | 2024 |
Introduction
Michael Schumacher is one of the most successful retired German race drivers of all time. The fastest driver has spent his career racing for Benetton, Jordan grand Prix, and Ferrari in formula one and spent most of his precious years in racing for Mercedes.
He is titled as one of the greatest racers of all time. He is the one and only driver who received the honor to win five consecutive seven formula one world championships in the sport history. He has won numerous championship titles
As of 2022, Michael Schumacher net worth is approx $600 million.
Early Life
Schumacher was born on January 3, 1969 in Hurth North Rhine West Phali. His father Rolf Schumacher was a bricklayer and mother Elisabeth. His father modified his pedal kart just by adding a motorcycle engine.
And after crashing it his father enrolled him into karting Club in Kerpen-Horrem where he learned basic racing skills and became the youngest member of the karting Club.
His parents supported him; specially his father made every possible effort for his training and encouraged him to move forward pursuing his passion as his career. His father also took a job renting and his mother worked at the track’s canteen.
Schumacher has a passion of racing and for this once he bought a 800 dm engine with his friends support as it was not affordable for him. He was very young to obtain the kart license according to German law, but he succeeded to get the one at the young age of twelve.
Michael Schumacher won numerous German and European kart championships. To pursue his career as a racer he quit school and started working as a mechanic to earn enough so that he can buy some new engines and participate in different German racing series.
Personal Life
Schumacher married Corinna Betsch in 1995 and welcomed their daughter Gina Marrie in 1997and a son Mick in 1999. He never wanted to make his family being in celebrity spotlight and wanted to keep his privacy intact.
Through his incredible racing career, he managed to earn a wealthy amount from which he built a mansion containing a private beach, a petrol station and an underground garage. Schumacher and his wife owned horse ranches in Switzerland and Texas.
Career
Michael participated in formula 3 championship in 1991for the WTS team. The same year, he participated in the world sports prototype championship and became a part of the junior racing program for Mercedes.
In 1992, he took part in a Jordan grand prix and formula one race and ranked 7th position. The same year he ranked at 5th by defeating nelson piquet in Italian grand prix. The poor racer was blamed for the accident happened with British racer Damon Hill during the Australian Grand Prix Race.
Formula changed their rules in 2005, in which the racers can use only one set of tires during the complete race. In which the use of Michelin Tyres instead of Bridgestone Tyres won him numerous races.
In 2005, he won in the United States grand prix championship, where he ranked third.
As of 2022, Michael Schumacher net worth is estimated to be around $600 million which makes him one of the most successful German race drivers of all time.
Achievements
Michael Schumacher won several awards for his fast and furious racing skills.
He won ESPY Award for best driver in 2002 and 2005.
In 2014, he won Bambi Millennium Award.
Summary
Michael Schumacher is one of the richest and successful formula one racers of all time. He start achieving his goal and gained success at the very young age. He remained the champion of the formula one for about seven times.
As of 2022, Michael Schumacher net worth is around $600 million.
