Michael Schumacher Net Worth

Michael Schumacher Net Worth, Age, Biography, and Personal Life

Michael Schumacher Introduction 

Michael Schumacher is a German Formula One race Driver and Entrepreneur. Though Michael Schumacher hails from German, he is a world-famous name.

He is known for his Formula One race in Jordan, Mercedes, Ferrari, and Benetton. And has achieved various victories.

Michael Schumacher is also a seven times “World Drivers’ Championship title” along with legendary Lewis Hamilton.

Michael Schumacher has been a part of the race since the late 90s nearly after 25 years of his professional racing career, he took retirement in 2012.

Michael Schumacher Net Worth & Salary

Michael Schumacher’s net worth is $620 million.

Michael Schumacher is a well-known and reputed Formula One race driver who made an average of $50 million per season.

Michael Schumacher is also considered to be the highest-paid and wealthiest Formula One race driver in the world.

Michael Schumacher Age, Early Life & Biography

Michael Schumacher’s age is 53 years old. He was born on 3rd January 1969.

He was born to Elizabeth Schumacher and Rolf Schumacher in Hurth, North Rhine-Westphalia, Germany. 

His love for Cars and Driving began at a very young age. When he was only 4, his father made a handmade Pedal cart for him.

They took up more jobs to support him.

Michael at the tender age of 6, won his very first World Championship of Racing. This made his parents even more sure of their son’s talent and skills.

Not much information is available regarding Michael Schumacher’s early life.

Michael Schumacher Net Worth
getty images
Name:Michael Schumacher
Gender:Male
Age:53 years
Birth Date:3rd January 1969
Birth Place:Hurth, Germany
Nationality:German
Height:1.74 m
Sexual Orientation:Straight
Marital Status:Married
Wife/Spouse (Name):Corrina Schumacher
Children/Kids (Son and Daughter):2
Dating/Girlfriend (Name):N/A
Profession:Formula One Racer
Yearly Income:$50 million
Net Worth $600 million
Content Last Updated:December 2022

Michael Schumacher Personal Life 

Michael Schumacher is known to be a “One Woman Man” due to his commitment and dedication to his marriage and family.

He got married to Corinna Betsch in 1995. The duo has 2 kids and are going strong ever since.

Michael Schumacher is infamous for keeping his life as private as possible. He claims to hate being in the public eye and the facade attached to being a celebrity 

Michael Schumacher Career 

Michael Schumacher has been racing and taking part in Races ever since he was 6. As a child and a teen, he won several championships and contests.

In 1991, Michael Schumacher took part in the “Belgian Grand Prix”. He raced in a Jordan and was one of the top performers of the season. This is considered to be his official “Formula One” debut.

His second season was the 1992nd season of Formula One championships. This time he competed in the Benetton-Ford. Michael Schumacher finished 4 races out of the 6.

In 1992, Michael Schumacher took part in the “Italian Grand Prix” of Formula One. This time he raced in the Mercedes.

Michael Schumacher continued racing in the Mercedes. He won the third position in the “Mexican Grand Prix”. In the same year, he secured the first position in the “Belgian Grand Prix”.

In 1994, Michael Schumacher competed in the “Formula One race” and won his very first Driver’s Championship.

Later, he competed in the “Spanish Grand Prix” but that race was overshadowed by several teams breaking the rules and regulations. 

His next phase of racing was in the “British Grand Prix” and “Belgian Grand Prix” but he didn’t qualify due to some illegal activity and rumors circling Michael Schumacher.

In 1996, Michael Schumacher left Benetton-Ford. For the next phase of his career, he signed a contract with Ferrari. Michael Schumacher was paid $60 million for two years.

For Ferrari, Michael Schumacher won his first championship at the “Spanish Grand Prix”. This marked his first win in 2 years.

He continued racing with Ferrari for the next 4 years and enjoyed immense fame and success.

Michael Schumacher won his second Driver’s Championship in 2000 with Ferrari. In the 2000 season, he had a tough fight with his arch-nemesis Mika Hanikken.

His second consecutive Drivers’ Championship win was in 2001. After winning 3 tournaments against Mika Hanikken, he emerged as the third-time Driver’s Champion.

In 2002, Michael Schumacher won his next Driver’s Championship with Ferrari. However, there were some issues relating to his win at the “Austrian Grand Prix”.

Michael Schumacher broke the world record of most Driver’s Championship wins previously held by Fangio by winning his sixth Driver’s Championship in 2003.

Michael Schumacher made a new Guinness Book of World Records by winning six Driver’s Championships in 6 consecutive years.

In 2006, Michael Schumacher ended his 10-year-long contract with Ferrari. He took a Hiatus from racing.

He returned to Formula One in 2010 and teamed up with Mercedes. He signed a contract for two years and completed the 2010,11, and 12 races.

In late 2012, Michael Schumacher announced his final and permanent retirement from Formula One following his injuries and health scare.

Michael Schumacher Awards & Achievements

Michael Schumacher is a 7 time Driver’s Championship title winner.

He has also won several Sportsman Awards and honors.

Michael Schumacher’s name has also been inducted into Germany’s Sports Hall of Fame and FIA Hall of fame.

Recently, Michael Schumacher has been awarded FIA President Award.

Michael Schumacher  Major Investments and Assets

Michael Schumacher and Corinna Betsch are the proud owners of Lavish Mansions.

He owns two Luxurious mansions in Switzerland and Texas.

After retirement, Michael and his family enjoy a silent and simple life in Switzerland.

Michael Schumacher Must Watch Latest Video and Trending Photographs 

This above-mentioned link is the link to Michael Schumacher’s best moments in the Formula One championships.

Michael Schumacher Instagram Handle 

https://instagram.com/michaelschumacher

This is the link to Michael Schumacher’s official Instagram account.

Michael Schumacher  Twitter Handle

This is the link to Michael Schumacher’s official Twitter account.

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