We all know that Lewis Hamilton has been making bank. The only question that remains, is how much exactly. After all, it’s guaranteed to be a mind-boggling number as he currently ranks on Forbes as #40 in Celebrity 100, 2020 and #13 in The World’s Highest-Paid Athletes, 2020.
Of course, this is only to be expected from the best-paid driver in the history of Formula One with approximately $489 million in the bag from his entire career. Here, we take a look and crunch the numbers to see how much Lewis Hamilton’s net worth is in 2020.
Lewis Hamilton’s net worth in 2020 (estimate): $285 million
Unlike big-time athletes such as LeBron James and Tiger Woods, Hamilton actually earns the bulk of his money through salary and winnings, rather than from endorsements. He also kicked off a two-year contract back in 2019 that pays him more than $40 million annually, including bonuses. This year, his salary and winnings are at $42 million, while his earnings from endorsements amount to $12 million.
He has multiple sponsorship deals from Bose, L’Oréal, Mercedes-Benz, Monster Energy, Police, Puma, Sony, Tommy Hilfiger, IWC, Bose, Bell Helmets, MV Agusta Motorcycles, Union Bank of Switzerland, Epson, and Vodafone-USD. He is also the face and official ambassador of the popular racing game – Gran Turismo Sport. He is not only widely regarded as the most marketable driver in the sport, but he is also considered as a fashion icon as well. Last but not least, he also dabbles in a little bit of music as he has collaborated in the past with Christina Aguilera. In total, his earnings for this year alone is a whopping $54 million. This puts him ahead of rapper Jay-Z, pop artist Billie Eilish, celebrity Kim Kardashian, basketball star James Harden, and boxer Deontay Wilder. With a bankroll as much as his, it comes at no surprise that Hamilton is up there with the biggest names in the world today.
One thing that Hamilton has in common with millionaires and big-time athletes is owning real estate. He has a penthouse in New York worth $57 million, a four-story mansion with six bedrooms in London valued at $25 million, and a couple of apartments in Geneva, Switzerland, and Monaco. Meanwhile, Hamilton also had a bright red, Bombardier 605 Challenger private jet. It was worth about $20 million and it was probably the fastest thing that Hamilton has ever owned. That said, in 2019, Hamilton sold this jet, so it’s no longer in his collection. Of course, the professional race car driver owns quite the car collection as he owns a massive total of 12. Namely, he owns a McLaren P1, 1966 Shelby Cobra 427, Ferrari LaFerrari, Vision Mercedes Maybach 6, Pagani Zonda 760, Mercedes AMG GTR, Ferrari 599 Aperta, Mercedes Maybach S600, Mercedes AMG G63, Mercedes SLS AMG, Ford Shelby Mustang GT500, and a Mercedes AMG Project One. As for his investments, he holds a stake in Neat Burgers, a burger joint. Notably, Hamilton himself is a vegan and he expressed that he wanted to be a part of the first plant-based burger chain in the world.
However, it’s how he chooses to live his life which stands out compared to all the typical millionaires of the world. He’s not all about the fast cars and lavish lifestyle as he is an advocate against global warming and animal cruelty. Throughout the years, he has built up this reputation and he has been significantly contributing his wealth to these causes ever since.
All in all, his total career earnings are at $489 million, he has made $54 million this year alone through salary and endorsements, and his annual cash flow is roughly around $40-50 million. Therefore, this puts his net worth this 2020 at a total of $285 million per Celebrity Net Worth.
While there is a discrepancy of $204 million that may be attributed to his car collection and business ventures, this is minuscule compared to the amount of cash that he rakes in every single year. He could potentially pay off all his debt and liabilities within just four years assuming that he doesn’t even crank up the earnings. Look to Hamilton to compound his wealth exponentially for the years to come whether it be through racing, endorsements, real estate, or business ventures as he is well-positioned to succeed in any path that he chooses to focus on. The best-paid driver in the history of Formula One may continue to hold the title for the foreseeable future.