Lewis Hamilton's Net Worth and Ferrari Contract
Hands up if you're someone who binged Drive to Survive and have now made your entire personality F1? Welcome, this is a safe space. By which we mean a space where we're losing our mind over how much money there is to be made in this sport. Though let's be honest: no one is earning more than Lewis Hamilton. We did a deep dive into the Ferrari racer's bank account and have learned some interesting (read: jealousy-inducing) things so buckle up.
There's a lot of wildly disparate info on what Lewis made for Mercedes depending on if reports are taking into account just his base salary or his base salary and bonuses. But Celebrity Net Worth reports that Lewis was making $60 million per year for Mercedes—and he was on the team for 12 years!
Meanwhile, Forbes notes that Lewis made $80 million from May 2024 to May 2025, with $60 million earned "on field" and $20 million earned "off field." HOWEVER, Lewis broke his contract with Mercedes and started driving with Ferrari in 2025, meaning his yearly earnings have shot up thanks to a major raise.
I mean...I'd break my Mercedes contract for that much money too.
Again, reports on Lewis' exact salary vary (this $107 million figure is from Celebrity Net Worth), but the BBC confirmed that he is getting "close to 50% pay rise."
Lewis said of the move, "In the summer we signed, and obviously I, at that time, saw my future with Mercedes. But an opportunity came up in the new year and I decided to take it. I feel like… it was obviously the hardest decision that I think I've ever had to make. Obviously I've been with Mercedes for, I think it's like 26 years they've supported me, and we've had an absolutely incredible journey together. We've created history within the sport, and it's something I take a lot of pride in and I'm very proud of what we've achieved. But I think ultimately I'm writing my story and I felt like it was time to start a new chapter."
Lewis reportedly earns an additional ~$50 million through endorsements and prize money every year thanks to more brand ambassadorships than he knows what to do with. And let's not forget the fact that he's a producer on F1, meaning he gets a cut of the film's earnings this summer.
Per Wall Street Journal, Lewis owns a New York City penthouse worth $40.7 million, as well as a $25 million home in London, and apartments all over the world (specifically in major racing hubs).
Some of his nicest cars apparently include a 1995 McLaren F1 worth $20 million, a Ferrari LaFerrari Aperta worth $4.1 million, and a Mercedes-AMG One worth $2.7 million.
According to Celebrity Net Worth, Lewis is sitting on $450 Million. In conclusion: why didn't I become a race car driver?
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