Max Verstappen is undoubtedly the best driver in the Formula One grid right now, having clinched his third Drivers' Championship in a row during the Qatar Grand Prix Sprint Race on October 7, with six Grand Prix races to spare in the 2023 season.
The son of an F1 and a karting driver, racing has been heavily embedded in Verstappen's DNA at an early age. In a remarkable feat, he became the youngest driver to participate in Formula 1, accomplishing this milestone at just 17 years and 166 days old during the 2015 Australian Grand Prix.
The Dutchman has dominated the world's premier racing series since he won his maiden title in 2021, establishing numerous records along the way, including the most consecutive Grand Prix victories by a driver and the highest number of wins in a single season.
Being the best in the business certainly comes with a substantial price tag, one that Red Bull Racing appears willing to meet. With that being said, the question arises: How much is Max Verstappen's net worth in 2023?
Max Verstappen's Net Worth 2023: $210 Million
The 26-year-old Verstappen is worth $210 million, according to sources such as CAknowledge, Sportskeeda, and David's Guide.
The reigning Formula 1 world champion has been ranked by business and financial magazine Forbes as the 22nd highest-paid athlete in the world in 2023.
Verstappen amassed earnings totaling $64 million over the past year, with a lion's share of his income coming from his salary with Red Bull Racing and winnings from races at $60 million, while an additional $4 million are from his several endorsements and partnerships.
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Max Verstappen's Wealth
Verstappen signed a lucrative five-year contract extension with Red Bull that will keep him racing for the team until the end of the 2028 season.
The new pact, finalized in early 2022, guarantees him an annual income of $55 million. This extension came into play as his initial agreement expires after the 2023 season.
Verstappen's substantial salary made him the highest-paid driver across the entire Formula 1 grid in 2022 and 2023.
He is said to have received a $14 million bonus for clinching the championship in 2021 and an additional $20 million bonus when he secured back-to-back titles the year after.
Verstappen endorses a select group of brands, the most obvious being the Red Bull energy drink, in alignment with his team.
Additionally, he has established partnerships with various other companies, such as Dutch alcoholic brand Heineken, video game developer EA Sports, mass media company Viaplay, and car marketplace CarNext.com.
Aside from his various income sources, Verstappen has kept a substantial amount of it by residing in Monaco, a well-known tax haven, since his F1 debut in 2015.
Despite living in a property valued at $16 million, the recipient of the 2022 Laureus World Sports Award for Sportsman of the Year has opted to rent rather than purchase the property outright.
Several other Formula 1 drivers also live in the small country south of France, including Lewis Hamilton, Charles Leclerc, Daniel Ricciardo, Lando Norris, and Valtteri Bottas.
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