Max Verstappen Net Worth 2024: $200 Million and Rising
Max Verstappen Net Worth 2024: $200 Million and Rising.
What is Max Verstappen's Net Worth?
Max Verstappen is a Belgian-Dutch race car driver with a net worth of around $200 million. He made history in 2015 at the Australian Grand Prix by becoming the youngest driver ever to compete in Formula One at just 17 years old. In 2021, he clinched the Formula One World Championship while racing for Red Bull Racing. Coming from a family of racers, his dad Jos also had a stint in Formula One.
Max kicked off his career with Scuderia Toro Rosso in 2015 and then joined Red Bull Racing in 2016. At just 18, he won the 2016 Spanish Grand Prix, making him the youngest driver to ever win a Grand Prix. After his victory at the 2021 Abu Dhabi Grand Prix, he became the first Dutch driver to take home the Formula One World Championship title. Verstappen has been a key player in reviving Honda-powered cars, achieving 19 wins. Before his 2021 championship, he finished third in both 2019 and 2020.
In 2024, Max celebrated his fourth consecutive driver's world championship win.
Formula One Salary/Earnings
Max Verstappen ranks among the top earners in the Formula 1 scene. Back in 2020, he inked a three-year deal with Red Bull Racing, securing a steady annual salary of $55 million. Fast forward to 2023, and he reportedly raked in $67 million just from Red Bull, which breaks down to $43 million in salary and an additional $24 million in bonuses. When you factor in his endorsements with Heineken and EA Sports, his total earnings for 2023 hit around $80 million. Plus, living in Monaco means he doesn't have to pay income tax on that cash.
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Early Life
Max Emilian Verstappen was born on September 30, 1997, in Hasselt, Belgium. Growing up with a younger sister in a family deeply rooted in motorsports, it was clear that Max was on a path to becoming a Formula One driver. His dad, Jos, raced in the sport, and his mom was into karting. Plus, he has relatives who have raced in the NASCAR Whelen Euro Series. Even though he was born in Belgium, Verstappen proudly represents the Netherlands in his racing career. Interestingly, he started competing in Formula One about a year before he even got his driver's license.
Max kicked off his racing journey at just four years old, diving into karting and racking up several championships by 2007. In 2010, he took on international karting and snagged second place behind Alexander Albon at the KF3 World Cup. Albon would later join him as a teammate at Red Bull Racing. By the end of 2012, Max had clinched multiple international championships and was all set to step into Formula racing.
Career
Verstappen hit the track for the first time in 2013, taking the wheel of a Formula Renault car at the Pembrey Circuit. Over the next few years, he tested various Formula Renault models, impressively clocking fast lap times and outpacing more seasoned drivers. In 2014, he made his official racing debut in the Florida Winter Series, quickly racking up wins before moving up to Formula Three. He spent a season in the Formula Three FIA European Championship, finishing third and snagging ten victories. By then, it was clear that Verstappen was primed for Formula One.
In 2014, Max joined the Red Bull Junior Team, even though he had offers from Mercedes. Later that year, he made history as the youngest driver to participate in a Grand Prix Weekend at the Japanese Grand Prix, although he was only in the free practice session. At the Australian Grand Prix, he became the youngest driver to start a World Championship race at just 17, breaking a record held by someone nearly two years older. Unfortunately, his debut race didn’t go as planned, and he had to retire due to engine issues.
After that, he had a few solid finishes but then got into a high-speed crash with Romain Grosjean, hitting the Lotus driver’s rear and slamming into the barriers. This incident stirred up some controversy, leading to a penalty and earning him the label of "dangerous" from fellow drivers. Despite the ups and downs, Verstappen wrapped up the season with strong performances, collecting accolades like "Rookie of the Year," "Personality of the Year," and "Action of the Year."
Verstappen kicked off 2016 with a short stint at Toro Rosso before making the leap to Red Bull, stepping in for Daniil Kyvyat at the Spanish Grand Prix. He quickly made a name for himself by winning that race, becoming the youngest driver in Formula One history to do so. During this time, Max faced some backlash for his aggressive driving and even got a warning from F1 director Charlie Whiting. One of his standout moments that year was an incredible charge from 16th to the podium in just 15 laps at the Brazilian Grand Prix.
The 2017 season was a bit rough for Max, with several retirements due to crashes and mechanical issues. But by the end of the year, he was definitely showing signs of improvement. In 2018, he found himself in a lot of incidents, including mistakes and collisions, but he managed to finish the season strong in fourth place.
He stepped it up again in 2019, securing a third-place finish along with three wins and nine podiums. After extending his contract with Red Bull, he repeated that third-place finish in 2020. The following year, in 2021, Max went head-to-head with Lewis Hamilton for the championship, ultimately clinching the title by passing Hamilton on the last lap of the Abu Dhabi Grand Prix.
Max Verstappen's dominance in Formula 1 continued with his back-to-back World Championship wins in 2022 and 2023, cementing his legacy as one of the sport's greatest drivers. In 2022, Verstappen claimed his second title after a sensational season, securing 15 race wins, breaking multiple records, and displaying unmatched consistency. His 2023 campaign was even more dominant, with Verstappen finishing first in a record-breaking 16 races and securing his third consecutive title, making him the first driver since Michael Schumacher to win three championships in a row.
As of 2024, Max Verstappen has just secured his fourth consecutive championship narrowly beating Lando Norris who made a late push for the title. Moving forward it is hard to see anything but more Verstappen dominance in the years to come.
Private Jet
Max Verstappen has dropped a hefty chunk of his wealth on a gorgeous private jet, rumored to be valued at around 12 million pounds (roughly $16 million). He supposedly forked over this massive amount to Richard Branson back in 2020, who was the previous owner of the aircraft. The jet is a Falcon-900EX, equipped with Honeywell engines and boasting a range of nearly 9,000 km. It can hit top speeds of up to 892 kilometers per hour. Plus, it’s important to note that maintaining the plane costs about 1 million pounds each year. And yes, it even has its own bar!
Real Estate
Max is said to call a 13-million-pound penthouse in Monte Carlo home, though he reportedly rents it. Even with all the buzz, Verstappen claims he didn’t pick this spot for the tax perks.
Cars
When it comes to cars, being a Formula One driver means you’ve got to have a sweet ride collection, and Verstappen definitely delivers. He’s got a soft spot for Aston Martins, and back in 2021, there were whispers that he was eagerly anticipating the arrival of a 2-million-pound Valkyrie.
Max Verstappen's rise in Formula 1 has been nothing short of extraordinary. From breaking records as the youngest driver in F1 history to dominating the sport with back-to-back championships in 2022 and 2023, he has proven himself as one of the greatest talents the racing world has ever seen.
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With a relentless drive for success, Verstappen continues to build his legacy, securing a fourth consecutive title in 2024. His skill, determination, and consistency have made him a dominant force, and his future in Formula 1 looks brighter than ever. Verstappen's journey is an inspiring story of excellence and achievement.
