Michael Schumacher Net Worth

September 20, 2015

Michael Schumacher net worth: Retired German racing driver, and seven times Formula One World Champion, Michael Schumacher has a net worth of $780 million.

Michael Schumacher net worth

Michael Schumacher is a popular former racing driver who is best known for being “Formula One World Champion” for seven times during his career. One of the wealthiest athletes, Michael is also popular for setting different records in Formula One driving including most championships and fastest laps. He was active in his career as a race car driver from 1991 to 2006 and again from 2010 to 2012. He remains retired since 2012.

Born on January 3, 1969 in Hurth, West Germany, Schumacher was inclined towards racing from his early childhood. With his parents’ support and his enthusiasm, Michael started racing karts for local clubs starting the age of six. Even before owning a German driver’s license, he became winner of “German Junior Kart Championship”, as he obtained the license from Luxemburg at the age of twelve.

Initially, Michael took his interest in vehicles to become a mechanic, but later on, he took his focus towards car racing starting with participation in German Formula Ford as well as Formula Konig series. Thus started his historical career in car racing which is the main source of Michael’s impressive net worth at the present.

Michael debuted in Formula One at the Belgian Grand Pix which was organized in 1991. He claimed to fame as he won six races out of seven in 1994. His career took a leap towards excellence as he started racing Ferrari in 1996. Given his impeccable speed and focus, he lived his peak of success during 1996 to 2006. Setting and breaking many records at the time, he went on to become one of the greatest Formula Drivers of all time. During his career, he was twice honored as “Laureus World Sportsman of the Year”. Notably, he won the “Formula One World Champion” title for five consecutive times at the time span of four years (2000-2004).

This extraordinarily successful personality has been married to Corinna Betsch since 1995. The couple has two children, a son and a daughter. Michael and his family live a very luxurious life in his numerous homes he owns across the world including Switzerland, UAE as well as in Germany. Michael also owns a private plane “Falcon 200” and of course, a collection of luxurious as well as sports cars. All these dreamy lavishes are being catered by Michael’s present net worth which amounts to an impressive $780 million as of 2015.

Quick Facts about Michael Schumacher

Full Name: Michael Schumacher

Profession: Car racing, Formula One driver

Height: 5ft 9 in

Weight: 68 kg

Ethnicity: German

Nationality: German

Date of Birth: January 3, 1969

Place of Birth: Hurth, Germany

Marital status: Married to Corinna Betsch

Astrological sign: Capricorn

Michael Schumacher Net Worth: $780 million