Lewis Hamilton, a seven-time Formula One World Champion, is a prominent figure in both the racing community and the business world. As of 2024, his net worth is estimated at $285 million, positioning him among the wealthiest athletes globally. This wealth is attributed to his extensive racing career, endorsement deals, and various investments.
Hamilton’s primary source of income is his Formula One salary. With Mercedes-AMG Petronas, he earns a base salary of $55 million annually, excluding bonuses. Reports indicate that a future move to Ferrari in 2025 may increase his salary to as much as $100 million annually. Hamilton has reportedly earned over $500 million throughout his careerthrough race winnings and contractual agreements.
Endorsements are another significant aspect of Hamilton’s financial portfolio. He collaborates with major brands such as Tommy Hilfiger, Puma, Bose, and Mercedes-Benz, generating approximately $12 million annually from these sponsorships. In 2018, he partnered with Tommy Hilfiger to launch a clothing line.
Hamilton has also diversified his investments. He co-founded Neat Burger, a vegan fast-food chain with locations in cities such as London and New York. Additionally, he holds a stake in the NFL’s Denver Broncos and has launched Almave, a non-alcoholic tequila brand. His projects include producing a Formula One-themed film featuring Brad Pitt.
His recent victory at the 2024 British Grand Prix marks a notable achievement after a span of three years without a win. As he prepares for new endeavors with Ferrari in 2025, Hamilton’s net worth and reputation within the sport are likely to evolve.
