Carlos Sainz Jr., the Spanish racing sensation, has been making waves in the Formula 1 world with his exceptional driving skills and consistent performances.
As he continues to climb the ranks, fans and followers are eager to know more about his financial standing.
In this article, we’ll take a closer look at Carlos Sainz Jr.’s net worth and explore the various factors that contribute to his wealth.
Early Life and Career
Born on September 1, 1994, in Madrid, Spain, Carlos Sainz Jr. was destined for greatness. As the son of two-time World Rally Champion Carlos Sainz Sr., he had racing in his blood.
Sainz Jr. began his journey in karting at the tender age of 10 and quickly showcased his talent, winning numerous championships.
His success in the junior categories caught the attention of Red Bull, who signed him to their young driver program in 2010.
Sainz Jr. continued to impress, winning the Formula Renault 2.0 NEC championship in 2011 and finishing as runner-up in the Eurocup Formula Renault 2.0 series.
Formula 1 Journey
Toro Rosso (2015-2017)
Sainz Jr. made his Formula 1 debut with Toro Rosso in 2015, partnering with Max Verstappen.
He had a solid rookie season, scoring 18 points and finishing 15th in the championship. The following year, he improved his performance, securing 46 points and finishing 12th overall.
Renault (2017-2018)
Midway through the 2017 season, Sainz Jr. made the switch to Renault, replacing Jolyon Palmer.
He adapted quickly to his new team and scored 54 points in the 2018 season, finishing 10th in the championship.
McLaren (2019-2020)
In 2019, Sainz Jr. joined McLaren, forming a formidable partnership with Lando Norris. He had his best season to date, scoring 96 points and securing his first podium finish at the Brazilian Grand Prix.
The following year, he continued his impressive form, finishing 6th in the championship with 105 points.
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Ferrari (2021-Present)
Sainz Jr.’s consistent performances caught the eye of Ferrari, who signed him for the 2021 season. He had a strong debut year with the team, finishing 5th in the championship with 164.5 points and securing four podium finishes.
In 2022, he claimed his maiden Formula 1 victory at the British Grand Prix and finished 5th once again, with an impressive 246 points.
Carlos Sainz Jr.’s Net Worth Details
As of 2025, Carlos Sainz Jr.’s net worth is estimated to be around $50 million. This figure is a testament to his success on the track and his marketability off it. Let’s break down the various sources of his income:
Formula 1 Salary
Sainz Jr.’s move to Ferrari in 2021 came with a significant pay raise. He reportedly earned $8 million per year in his initial two-year contract with the team.
In 2022, he signed a contract extension until the end of 2024, which saw his annual salary increase to $10 million.
Endorsements and Sponsorships
Sainz Jr.’s popularity and success have attracted several high-profile sponsors.
Some of his notable endorsement deals include:
- Estrella Galicia 0,0: A Spanish beer company that has been supporting Sainz Jr. since his karting days.
- McLaren: Despite leaving the team, Sainz Jr. continues to have a strong relationship with McLaren and is often seen promoting their road cars.
- Shiseido Men: A Japanese cosmetics brand that signed Sainz Jr. as their global ambassador in 2021.
According to reports, Sainz Jr.’s annual earnings from endorsements and sponsorships range between $4 million to $7 million.
Personal Investments
While details about Sainz Jr.’s investments are scarce, it’s safe to assume that he has been smart with his money.
As a resident of Monaco, he benefits from the principality’s favorable tax laws, which allow him to keep more of his earnings.
Lifestyle and Assets
With his growing net worth, Sainz Jr. enjoys a luxurious lifestyle. Some of his notable assets include:
- Properties: Sainz Jr. owns a stunning apartment in Monaco, which offers breathtaking views of the Mediterranean Sea. He also has a home in his native Madrid, where he spends time with family and friends.
- Car Collection: As a Formula 1 driver, it’s no surprise that Sainz Jr. has a passion for high-performance cars. His collection includes a McLaren 720S, a Ferrari 812 Superfast, and a Porsche 911 GT3.
- Yacht: Sainz Jr. is often seen enjoying his downtime on his yacht, which he purchased in 2021. The sleek vessel is perfect for cruising around the Mediterranean and soaking up the sun.
FAQs
1. What is Carlos Sainz Jr.’s nationality and family background in motorsport?
Sainz Jr. is a Spanish racing driver from Madrid, son of Carlos Sainz Sr., a two-time World Rally Champion, and Reyes Vázquez de Castro. Racing is deeply rooted in his family, and he has two sisters, Ana and Blanca.
2. Which teams has Sainz Jr. raced for during his Formula 1 career?
She debuted in F1 with Toro Rosso, moved to Renault, then McLaren, joined Ferrari for four seasons, and began racing with Williams alongside Alexander Albon in 2025.
3. How many Formula 1 wins and podiums does Sainz Jr. have?
Sainz Jr. has secured four Grand Prix victories and 28 podium finishes, showcasing consistent performances at the highest level.
4. What notable achievements and records does Sainz Jr. hold in F1?
She is the only driver to win in a season not dominated by Red Bull since 2023, broke Red Bull’s win streak in Singapore, and has six career pole positions.
5. What were Sainz Jr.’s best championship finishes and points records?
Her best finish in the Drivers’ Championship is fifth place, achieved in both the 2021 and 2022 seasons, with a career total of over 1300 points after more than 225 races.
6. Which race marked Sainz Jr.’s maiden Formula 1 victory?
She took her first F1 win at the 2022 British Grand Prix at Silverstone while driving for Ferrari, delivering a strong race from pole position to the top step.
7. What makes Sainz Jr.’s driving style or approach notable?
She is regarded for technical skill, tire management, smooth racecraft, and strategic acumen—qualities that have made her a valuable team asset and consistent points scorer.
8. What influence did her father have on Sainz Jr.’s career?
Growing up as the son of Carlos Sainz Sr., Sainz Jr. benefited from early mentorship, motorsport insights, and a family environment dedicated to discipline and racing success.
9. How has Sainz Jr. adapted to changes and team transitions in F1?
Sainz Jr. has earned respect for seamlessly adapting to different team cultures, showing resilience through driver and team changes, and continuing to achieve strong results with each new challenge.
10. What are Sainz Jr.’s current ambitions and future goals in Formula 1?
Sainz Jr. is focused on winning more races, consistently fighting for podiums, and helping Williams return to championship contention while cementing her place among F1’s elite drivers.
