Regardless of having a short history in Formula 1, George Russell is one of the most accomplished junior drivers. Similar to Red Bull’s Max Verstappen and Sergio Perez, being the teammate of a World Champion is a tough task but Russell manages to get his way out of it and share the limelight with Hamilton. Nevertheless, Lewis carries the brand name of Mercedes and hence he is one the highest-paid drivers on the grid.
Since his debut with the Williams Racing team in 2019, George has gone up the ladder, with one podium finish at a time, and is now seen as a raging competition. He bagged Williams a podium finish years after their glory days.
After he was asked to take Lewis Hamilton’s spot in Mercedes when he tested positive for COVID-19, Russell demonstrated his skills brilliantly and outperformed the then driver, Valtteri Bottas, and an impressed Toto Wolff signed him for the team.
It’s official. I’m delighted to announce my extension with @MercedesAMGF1. 💙
This team has been my home ever since I signed to the junior programme in 2017 and I’m grateful to have the opportunity to reward the trust and belief that Toto and everyone at Brackley and Brixworth… pic.twitter.com/5tO5ogAtrX
— George Russell (@GeorgeRussell63) August 31, 2023
When it comes to Russell, he can be counted as one of the well-paid ones. As of 2023, the Brit earns a staggering $8 million with his contract with Mercedes. With a recently extended partnership with the team up to 2025, there is no confirmation on whether or not he will be receiving a raise in salary. In the next two seasons, fans will get to see the English duo at the Silver Arrows team compete for the most anticipated World Championship title.
George Russell’s net worth and endorsements
Despite his youth, George Russell has made a name for himself in the motorsports industry. His burgeoning celebrity status suggests that in the next years, his economic value will continue to rise.
The young Briton is presently worth $18 million, but due to his affiliation with Mercedes, there is a chance of a raise which will eventually add up to the total value. Given his history, there has been much talk about his potential to win a title in the future.
BREAKING! Mercedes announce Lewis Hamilton and George Russell will continue as their driver line-up for 2024 and 2025 📝 pic.twitter.com/J8LlPnsWj2
— Sky Sports F1 (@SkySportsF1) August 31, 2023
Russell receives endorsements from Bell Helmets, Alpinestars, BRDC, AMG, and none other than Mercedes among others. He makes more money in addition to his driver’s pay from a variety of sources book deals, and investments as well. Regardless of such hefty income, he lives in a rented apartment in the capital city of London.
He owns a number of top-notch cars which include the McLaren GT, Mercedes-Benz AMG GT, Ferrari 812 Red, Bentley Bentayga, and a BMW X6, none of which are valued at less than $100,000. In addition to his racing career, George Russell is a sympathetic supporter of charitable causes and has contributed to organizations such as Laureus World Sports Academy and Race Against Dementia and a few more.