Lewis Hamilton has become a massive influence in the sport. The driver has become a famous athlete and one that people know of more than the sport. Hamilton has become a renowned Formula 1 driver. With seven championship titles to his name, the Brit has earned great experience and knowledge in the sport. This also puts him in a good position to demand a better package. Lewis Hamilton was on the verge of his contract ending, nonetheless, the driver has only recently signed a contract extension with his Mercedes team.
Lewis Hamilton says he is already “thinking about his next contract” with Mercedes 👀
— Mercedes-AMG F1 News (@MercedesNewsUK) September 1, 2023
Lewis Hamilton, as of now, is worth $285 million. However, Hamilton is still not close to becoming a billionaire. Michael Schumacher has a net worth of $600 million which makes him closer to becoming a billionaire. However, with being ridden to his health, Hamilton is the next in line. Lewis Hamilton is the richest F1 driver as of now on the grid. He has a net worth of $285 million and will now be adding more to his net worth. Lewis Hamilton was in the talks of his contract extension for a long time.
Since it was noted that his contract with Mercedes would come to an end by the end of 2023, the driver made it clear that he had no plans of leaving soon. However, there were no new updates about the extension. Nonetheless, the driver had plans to continue his time at Mercedes. Mercedes has spent 10 years with the seven-time champion. The driver has spent years with them and has brought them 8 constructors championships.
How much will Lewis Hamilton earn at Mercedes with new F1 contract?
Lewis Hamilton has been with Mercedes for a long time. With his Silver Arrows team, the Brit has won 103 races and 195 podiums. Hamilton got paid $45 million in his last contract with the Mercedes team. However, he stayed as one of the highest-paid drivers in the sport. He was beaten by Max Verstappen by earning himself a $55 million contract with his Red Bull team. Nonetheless, his new contract gives him the privilege of being the highest-paid driver in the sport as of now.
Sir Lewis Hamilton’s new contract is worth over 🤯 $12,67,42,500 ( £100M, €116M ) for 2 years. He creates a new record for being the highest paid driver ever in the history of #F1 pic.twitter.com/YVKayDa8SD
— Mercedes.F1Motorsports (@MF1motorsports) September 1, 2023
Lewis Hamilton gets paid $60 million with his new contract. This means that although the driver is not close to becoming a billionaire, it may not be too long until he reaches that pedestal. The Formula 1 world has only two team principals who have reached the billionaire mark. Toto Wolff and Lawrence Stroll are the only ones who are billionaires.
Hamilton has a long road to the billionaire’s mark however, he is past Max Verstappen. The driver has plans on staying in the sport for quite some time. After confessing he has “unfinished business” in F1, he announced his stay in the sport.
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