Formula One Is Back—Here’s F1 Champion Max Verstappen’s Net Worth

Key Takeaways

• Max Verstappen, four-time Formula 1 World Champion, makes millions of dollars from F1.
• According to Celebrity Net Worth’s estimates, Verstappen is worth an estimated $200 million.
• Forbes says that Verstappen is the highest-paid F1 Driver in 2024.

Formula One driver Max Verstappen doesn’t stop for anyone.

The reigning Formula One World Championship winner after winning his 4th straight title in 2024 will start the 2025 Formula One campaign for Red Bull on Sunday in the Australian Grand Prix.

Verstappen makes millions from his career on the track: He was ranked both the highest-paid F1 driver in 2024 and one of the world's highest-paid athletes by Forbes.

According to Celebrity Net Worth’s estimates, Verstappen is worth an estimated $200 million. Here's how Verstappen makes his millions.

Formula One and Endorsements

Verstappen, then 17 years old, was the youngest F1 competitor to ever compete in 2015. In 2016, he won his first race for Red Bull, becoming the youngest F1 winner ever. Verstappen, who beat seven-time champion Lewis Hamilton in 2021 to win his first F1 championship, became the first F1 winner from the Netherlands.

Formula 1 drivers can earn money in several ways. They earn a base salary and bonuses for their performance at the track. They also earn money through sponsorships and endorsements.

Forbes estimates that Verstappen will earn $75 million in salary, bonuses, and other compensation in 2024. This makes him the highest paid F1 driver in the world for the third consecutive year. Forbes reports that Verstappen received $60 million in salary plus $15 million in performance-based bonus.

In 2023, Verstappen signed an endorsement deal with Heineken, as an ambassador for the Dutch beverage brand's non-alcoholic beer, Heineken 0.0. Verstappen is also in a partnership EA Sports – a developer of sports video games.

Real Estate

According to Architectural Digest the multi-millionaire F1 drivers owns a Monaco Penthouse valued at approximately 16 million Euros ($17,4 million U.S. Dollars).