Summary
Michael Schumacher is one of the most successful and influential drivers in Formula One history. He won seven world championships, 91 races, and set many records that still stand today.
But what is his net worth, salary, and earnings in 2023? How did he accumulate his wealth and how does he spend it? Here is everything you need to know about Michael Schumacher’s finances.
About Michael Schumacher
Michael Schumacher was born on January 3, 1969, in Hürth, Germany. He started karting at four and soon showed his talent and passion for racing. He made his Formula One debut in 1991 with Jordan Grand Prix and quickly moved to Benetton, where he won his first two titles in 1994 and 1995.
He then joined Ferrari in 1996 and became the most dominant driver of his era, winning five consecutive championships from 2000 to 2004. He retired from racing in 2006 but made a comeback with Mercedes in 2010. He retired in 2012 after scoring one podium and 197 points in three seasons.
Early Life
Michael Schumacher grew up in a modest family in Kerpen, near Cologne. His father, Rolf, was a bricklayer and his mother, Elisabeth, was a cleaner. They ran the local karting track where Michael learned to drive.
His younger brother, Ralf, also became a Formula One driver. Michael was a good student and had an interest in football and skiing. He attended a technical school and graduated with a diploma in motor mechanics.
Career
Michael Schumacher’s career spanned over two decades and saw him achieve unprecedented success and fame. He won seven world titles, more than any other driver in history.
He also holds the records for the most wins (91), pole positions (68), podiums (155), points (1,566), fastest laps (77), and races led (142). He drove for four teams: Jordan, Benetton, Ferrari, and Mercedes. He had fierce rivalries with drivers like Ayrton Senna, Damon Hill, Mika Hakkinen, Fernando Alonso, and Lewis Hamilton.
Michael Schumacher’s Net Worth and Earnings
Michael Schumacher’s net worth is around $600 million as of 2023. He earned most of his money from his racing career, as well as from endorsements and sponsorships.
He was one of the highest-paid athletes in the world during his peak years, earning up to $80 million per year. He also owns several properties and businesses, including a horse ranch, a karting center, and a watch company.
Quick Facts
| Full Name | Michael Schumacher |
| Born | January 3, 1969 |
| Birthplace | Hürth, Germany |
| Nationality | German |
| Age | 54 |
| Height | 1.74 m |
| Current Tour | Retired |
| Major Title | Formula One World Champion |
| Net Worth | $600 million |
| Highest Ranking | No. 1 |
| Relationship | Married |
| Name of Spouse | Corinna Betsch |
| Instagram ID | @michaelschumacher |
| Twitter ID | @schumacher |
Wife
Michael Schumacher married Corinna Betsch on August 1, 1995. They met at a Ferrari party in 1991 and fell in love.
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Age
Michael Schumacher is 54 years old as of April 2023.
Height and Weight
Michael Schumacher is 1.74 meters tall and weighs about 75 kilograms.
Career Stats
| Year | Team | Races | Wins | Podiums | Poles | Points | Position |
| 1991 | Jordan/Benetton | 6 | 4 | 12th | |||
| 1992 | Benetton | 16 | 1 | 8 | 2 | 53 | 3rd |
| 1993 | Benetton | 16 | 1 | 9 | 5 | 52 | 4th |
| 1994 | Benetton | 14 | 8 | 10 | 6 | 92 | WC |
| 1995 | Benetton | 17 | 9 | 11 | 4 | 102 | WC |
| 1996 | Ferrari | 16 | 3 | 8 | 4 | 59 | 3rd |
| 1997 | Ferrari | 17 | 5 | 8 | 3 | 78* | DSQ |
FAQs
Who are his family members?
Michael Schumacher is married to Corinna Betsch since 1995. They have two children named, Gina-Maria and Mick.
Who are his rivals and friends?
Michael Schumacher had many rivals and friends in his racing career. Some of his most notable rivals were Ayrton Senna, Damon Hill, Mika Hakkinen, Fernando Alonso, and Lewis Hamilton.
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