McLaren driver Lando Norris is establishing himself as a premier and consistently strong Formula 1 driver on the current grid.
The Briton has spent his entire career with the storied team, debuting in the 2019 Australian Grand Prix. Since then, he has showcased his exceptional talent on the racetrack, consistently exceeding expectations as a driver despite facing superior cars.
Despite delivering impressive performances, he has yet to secure a victory in Formula One. As of the 2023 season, he shares the F1 record (alongside Nick Heidfeld) for the most podium finishes without a win, accumulating a total of 13 podiums and finishing in second place seven times in his career.
As one of the rising stars in Formula 1, how much will Lando Norris' net worth be in 2024?
Lando Norris Net Worth 2024: $30 million
The 24-year-old Norris is worth $30 million as of 2024, according to several reputable sources such as Celebrity Net Worth, Sportskeeda, The Sun, and First Sportz.
During the 2023 Formula 1 season, Norris received $15 million from McLaren, with a $10 million base salary breakdown and $5 million in bonuses, as reported by Forbes.
This compensation ranked him as the sixth-highest-paid driver on the grid for that campaign, placing him behind Max Verstappen, Lewis Hamilton, Fernando Alonso, Sergio Perez, and Charles Leclerc, according to Front Office Sports.
Ahead of the 2024 season, Norris has reached an agreement on a multi-year contract extension with McLaren. While the specifics of the new deal have not been disclosed, it is reasonable to assume that he secured a substantial salary raise.
This could be attributed to his strong performances in past campaigns and the reported strong interest from rival teams, considering his previous contract was valid until the end of the 2025 season.
Lando Norris' Wealth
Norris has amassed $46.66 million in Formula 1 salary throughout his first five seasons in the racing series, all with McLaren since his debut in 2019, according to Spotrac.
This figure exclusively represents income earned within the grid and does not include additional earnings from external sources, such as endorsements and sponsorships.
The British driver stands out as one of the most popular on the Formula 1 grid, making him a sought-after figure for various brands.
He has formed partnerships with several companies, including Bell Helmets, Wearegrip, ADD Management, TUMI, Pure Electric Scooters, and PAP, according to information on his website. His endorsement contracts are estimated to be approximately $10 million annually.
Norris' father, Adam, ranks among the wealthiest individuals in the United Kingdom, boasting a net worth of $205 million, thanks to his ventures as an entrepreneur and investor.
In addition to Norris' already considerable wealth, he has been a resident of the Principality of Monaco since 2021, a well-known tax haven. This residency affords him substantial financial benefits and enables him to retain a significant portion of his income.
Monaco is a favored residence for numerous Formula 1 personalities. Among Norris's fellow drivers who call this small country in the south of France home are Max Verstappen, Lewis Hamilton, Daniel Ricciardo, Charles Leclerc, and Valtteri Bottas.
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