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Lewis Hamilton’s Net Worth: How He Makes and Spends His Fortune

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British driver Lewis Hamilton is one of the best formula one drivers ever. He races for Mercedes AMG-Petronas, a team he joined in 2013. Hamilton has enjoyed massive success here. In 2020, he secured his 7th world championship title to equal the great German driver Michael Schumacher. His victories translate into millions, so what’s Lewis Hamilton’s net worth? 

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What Is Lewis Hamilton’s Net Worth?

Lewis Hamilton’s Net Worth: How He Makes and Spends His Fortune
Mercedez Driver Lewis Hamilton. Image Source: Instagram

 The Mercedes number 44 driver has been in Formula now for 15 years. He started in McLaren in 2007, and even before he ignited the engines, he was already tipped to do big things. He won his first world championship in 2008. After six years with McLaren, he joined Mercedez, where he’s crafted his legacy.

His track record of success, together with his enigmatic personality, has meant that he earns high wages. He also attracts lucrative sponsorship deals, which reflects on his net worth. As of 2023, Lewis Hamilton’s net worth is $285 million

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What Is Lewis Hamilton’s Salary?

Hamilton is one of the highest-paid drivers on the grid. His current contract with Mercedez offers him a staggering $50 million annually. And what’s more, it’s worth $147 million and expires at the end of the season. 

Reports indicate that the German car manufacturer might give him a one or two-year extension that will see his salary increase alongside other bonuses. 

Lewis Hamilton’s Endorsement Deals

He’s the biggest star in Formula One and is never shy of letting his opinions known. For that, brands love him as he gives them the publicity they need. Hamilton works with several high-profile brands who don’t mind splashing money on him. He’s said to earn around $18 million from them. They include:

  • Mercedez Benz
  • Tommy Hilfiger
  • Monster Energy
  • Puma
  • Union Bank of Switzerland
  • L’Oreal
  • Qualcomm
  • IWC
  • Petronas

1. Mercedez Benz

Part of Lewis Hamilton’s obligation to his employer is driving their cars and advertising them. For someone whose contract is worth $147 million, that’s the least of his problems. 

2. Tommy Hilfiger

He’s known for his love of fashion. Tommy Hilfiger is Mercedez Benz’s official apparel partner. Part of the deal requires Hamilton to wear their clothes and have their logo on his racing gear. Hamilton is also the face of the men’s fashion line. For that, he earns $5.2 million

3. Monster Energy

Monster Energy and Hamilton collaborated in 2017. The deal is worth $2.5 million. In January, the energy drink, which also partnered with Mercedez and appears in its livery, released a signature drink labelled Lewis Hamilton Zero Sugar Edition.

4. Puma 

Puma’s association with Hamilton began in 2019. The Sun reports that he earns $1.5 million per year from it. His racing gear and car carry Puma’s logos and he also takes part in ad campaigns.

5. UBS

The largest bank in Switzerland is a lifelong partner of Formula One. Hamilton, the sport’s greatest driver on the grid, is the face of UBS. For that, he takes home a cool $7 million.

6. L’Oreal

In 2016, French brand L’Oreal announced that Lewis Hamilton was its new brand ambassador. For his work, the driver reportedly made $2 million

7. IWC

Exclusive Swiss watchmaker partnered with Hamilton in a deal worth $2 million. International Watch Company Schaffhausen made a watch line in his name. He wears them at events and promotes them on social media.

8. Petronas

Petronas is Hamilton’s biggest sponsor. They pay him a whopping $65 million to have their logo on the front and back of his gear. The company also works with Mercedez hence their name Mercedez-AMG Petronas.

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Lewis Hamilton’s Cars

By now, you may have figured out that Hamilton can afford to buy any car he desires. His garage consists of the most expensive cars money can buy. Of course, like a good employee, he owns some Mercedez Benz. Check out his car collection.

  • Pagani Zonda 760 LH – $2 million
  • Mercedes-AMG Project One – $2.5 million
  • Mercedes-AMG SLS Black – $650,000
  • Ferrari LaFerrari – $2 million
  • 1966 Shelby Cobra 427 – $5 million
  • 1967 Ford Mustang Shelby GT500 – $1.4 million
  • McLaren P1 – $1.5 million

Lewis Hamilton’s House

Hamilton’s real estate is something to admire. He owns homes in Britain, Monaco, Geneva, and the United States. 

London & Geneva Homes

In London, his home is based in Kensington. It’s a four-story mansion with a 200 square feet garden with six luxurious bedrooms. This mansion is estimated to be worth $25 million.

His Geneva home is based in Luins Village, Nyon, It has three massive bedrooms, a state-of-the-art gym, and enough space to accommodate a small gathering.

In Monaco, reports indicate he owns a $15 million apartment in the Fontvieille district. It is 300 square feet with four baths and a steam room.

According to Forbes, Hamilton’s New York apartment costs $57 million. The property is located at 443 Greenwich in Tribeca and is 8,900 square feet. 

His other home is based in Manhattan. Hamilton is said to have spent $43.4 million on this property. The home is 6,547 square feet and has impressive features:

  • A fitness centre
  • Library
  • Squash court
  • Wine cellar
  • Swimming pool 
  • Spacious outdoor arena

Lewis Hamilton is expected to be even richer when he signs a new contract with Mercedez. He has proven to be the best, so anyone wanting to work with him has to be ready to dig dip in their pockets to get him.

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