1st place - Michael Schumacher

German racing driver Michael Schumacher is undoubtedly one of the greatest Formula 1 stars. The seven-time world champion not only dominated the world of motorsports but also amassed an impressive fortune thanks to his talent and marketing value. Schumacher was the face of many advertising campaigns and signed lucrative contracts with sponsors, which significantly boosted his revenues. According to the latest data, the racing driver managed to earn $604 million during his entire career.

2nd place - Lewis Hamilton

Briton Lewis Hamilton is one of the most successful and richest racing drivers of our time. His success on the track, active social position, and stylish outfits have made him a desirable partner for many brands. Contracts with top sponsors as well as participation in fashion and music events have considerably added to his wealth. According to GQ analysts, the athlete has earned roughly $285 million since the start of his career.

3rd place - Fernando Alonso

Spanish racing driver Fernando Alonso known for his unique driving style and strategic thinking is also one of the highest-paid Formula 1 athletes. He has earned an astonishing amount of money thanks to his ability to attract sponsors and involvement in various business ventures, including his own motorsport clothing and accessories brand. Alonso’s net worth is estimated at around $261 million.

4th place - Niki Lauda

The financial success of this Austrian race car driver, whose career peak was in the 1970s and 1980s, extended beyond his racing achievements. Niki Lauda was an aviation entrepreneur who founded two airlines, Lauda Air and Niki. According to GQ estimates, the athlete earned about $200 million.

5th place - Kimi Raikkonen

Finnish racing driver Kimi Raikkonen, known for his ice-cool attitude both on and off track and unique driving style, rounds up the top 5 richest Formula 1 participants. In 2007, the athlete reached the pinnacle of F1 by winning the world championship for Ferrari. This victory not only cemented his status as one of the greatest Formula 1 drivers but also paved the way for commercial deals and sponsorship contracts. Raikkonen’s net worth is estimated at $183 million.