Max Verstappen is currently the reigning Formula 1 World Champion. Over the last 2 years, he has shown incredible pace in the Red Bull. Both Red Bull and Max Verstappen are currently in incredible forms. Their form right now seems even better than the one they had from 2010 through 2013 with Sebastian Vettel.
After his performances over the last 2 years. there have been talks about Max Verstappen being the new GOAT of Formula 1. He currently has 2 WDCs and will surely win more. That Red Bull car is currently the fastest car on the grid by a huge margin. Adrian Newey has developed a monster for Red Bull after fans were doubting him after a poor couple of years during the Mercedes domination.
Max Verstappen is also being paid as the best driver in the sport. Max Verstappen and Lewis Hamilton currently hold the highest salaries in Formula 1. Their base salaries alone add up to over $100 million per year. Max Verstappen’s current contract will see him driving for Red Bull until the end of the 2028 season.
What is Max Verstappen’s salary?
Max Verstappen’s current Red Bull salary is the largest Red Bull has ever paid to an athlete. Max Verstappen earns a whopping $55 million per year. Over the last 2 years, he has really proven his worth to the team. Some wonder how Red Bull is able to afford his salary given the budget cap.
The budget cap for the 2023 season is $135 million per team. After the salary of the drivers takes almost half of the budget cap, there is hardly enough space for the rest of the team’s salary and R&D for the car. Top employees for the team like Adrian Newey and Christian Horner will also be biting a huge chunk out of the budget cap. Maybe not as much as the drivers, but still a pretty big chunk.
The budget cap is expected to get smaller each year, but Max Verstappen’s salary is only expected to become bigger. This might provide Red Bull with a problem in the long run.
What is the net worth of Max Verstappen?
Given Max Verstappen’s humungous salary, Max Verstappen should have no problem building up his net worth. So there is no surprise when Max Verstappen is expected to have a net worth of around $210 million. Although this is not as much as Lewis Hamilton’s net worth of $285 million, it is pretty close. Max is considerably much younger than Lewis Hamilton and will be able to grow his net worth rapidly over the next few years.
Max’s sponsorships also play a role in his net worth. Although he lost one of his sponsorship, it will not have much effect on his net worth as he will have no trouble finding a replacement given his current value in Formula 1.
Max Verstappen is still only 25 years old. It can be assumed that he is now only approaching the prime of his career. So we might see some more extraordinary things from Max over the next few years. By the time his contract with Red Bull ends, he will be 30 years old. At the time, he might choose to retire and start a family which he has always wanted to do. Or we might see him extend his stay at Red Bull if he feels he can accomplish more with the team.