Michael Schumacher Net Worth

Date:

Michael Schumacher's Net Worth as of 2024
$800 Million


Michael Schumacher is a famous German race car driver, as well as a voice actor. Over the years, Michael Schumacher has established himself as one of the most popular and successful race car drivers of all time. A winner of the Laureu World Sportsman of the Year, Michael Schumacher has worked with such “Formula One” teams as “Jordan Grand Prix”, “Scuderia Ferrari”, and “Mercedes-Benz”. In 2012, Schumacher’s yearly salary with “Mercedes” reached as much as $30 million, while the following year it amounted to $19.6 million. Schumacher made his racing debut in 1991, when he took part in the Belgian Grand Prix event, and he ended his career in 2012, when he raced for the last time in the Brazilian Grand Prix. Among Schumacher’s many accomplishments are the Formula One World Championship, which he won 7 times, World Sportscar Championship, as well as the title of Laureu World Sportsman of the Year, which he won in 2002 and 2004. Schumacher’s contributions to the sport have also been awarded with a Gold Medal for Motor Sport, as well as Prince of Asturias Award. In his honor, several turns on one of the racing tracks were renamed to “Schumacher S”.

Michael Schumacher Net Worth $800 Million

In 2008, Michael Schumacher also served as the ambassador for the European Football Championship, a title he was given by the Swiss Football Association. During his career, Michael Schumacher suffered several serious collisions on the track, once in 1994, and second time in 1997, which had a huge effect on the world championship. More recently, in 2013 Schumacher suffered an injury in a skiing accident, which seriously affected his health. Schumacher endured a brain injury and had to spend half a year in a barbiturate-induced coma. Schumacher was released from the hospital in 2014 and underwent treatment in his own home. A famous former race car driver, how rich is Michael Schumacher? According to sources, Michael Schumacher’s annual salary amounts to $50 million, while Schumacher’s net worth is estimated to be $800 million. Undoubtedly, Michael Schumacher has accumulated most of his net worth and wealth due to his racing career.

Michael Schumacher was born in 1969, in Hurth, West Germany. From his childhood, Schumacher was interested in driving various cars, particularly pedal karts. Schumacher’s desire to drive resulted in him getting a driving license when he was 12 years old. Soon after that he took part in the German Junior Kart Championship, which he won in 1985 and 1987. Schumacher dropped out of high school in order to become a mechanic and later decided to take part in the Formula Ford event. Soon after that, Schumacher joined Formula Three racing, and excelled in many racing competitions, either winning them or coming in second. Michael Schumacher’s career in Formula One started in 1991, when he had his debut race during the Belgian Grand Prix event. Over the years, Schumacher gained the nickname of “Rain King” due to his abilities to perform exceptionally well during rainy weather and wet conditions. A famous race car driver, Michael Schumacher officially retired from Formula One in 2012.

Daniel Wanburg
Daniel Wanburg
As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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