Michael Schumacher net worth

Michael Schumacher net worth

Net Worth: $400 Million

About Michael Schumacher

Michael Schumacher net worth

Michael Schumacher is a famous racing driver from Germany. He gained prominence in the early 1990s after joining Benetton Formula One team. Schumacher rose to the fame in 1994, after winning his first World Sportscar Championship. Following this victory he went on to compete for the Ferrari team. In 2006 Michael announced that he is going to retire from the professional driving and continue his career as an advisor for his former Ferrari team. However, Schumacher could not keep himself away from F1 for long and in 2010 signed a 3-year contract with Mercedes. As for 2013, Michael Schumacher net worth is estimated at $400 million and his annual income amounts to $40 million. This is not particularly surprising, having in mind that Michael is widely considered to be the greatest F1 driver that has ever walked the ground. During his professional career, which now spans over more than two decades, Schumacher has won Formula One World Championship seven times.
Michael was born in North-Rhine Westphalia, in a family of Rolf and Elizabeth Schumacher. One could say that his driving skills, that eventually boosted Michael Schumacher net worth to hundreds of millions, have been developed since the boy was four.

That year his father added a small engine to Schumacher’s pedal kart. When Michael crashed his vehicle into the lamp post, his parents took their boy to the local karting track, where he became one of the youngest members of the club. Needless to say, back in the day Michael Schumacher net worth was little above zero and he had to rely on the support from his parents. In order to pay for his son’s pricy hobby Rolf Schumacher had to find the second job: he started repairing and renting karts. Nevertheless, when the future millionaire once again crashed his kart and needed 800DM to buy a new engine, his parents could not help him. Fortunately, Michael managed to get the financial support from the local businessmen.
Michael’s professional career started taking off in the late 1980s, when he landed a contract with Willi Weber’s Formula Three team. With some funding from Willi, Schumacher managed to win the title in the 1990 championship. In 1991 Michael made his F1 debut, appearing on the track with Jordan-Ford team. Michael Schumacher net worth growth shifted to the higher gear in 1994, when the young racer managed to win his first Driver’s Championship. What about his personal life? Actually, a very few details has slipped to the media, as Michael has repeatedly declined to talk about his private life. It is well known that since mid 1990s he has been married to Corrina Betsch. Together the couple is raising a daughter Gina Maria and a son named Mick.

Now you have an idea why Michael Schumacher net worth is this huge

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