Michael Schumacher net worth in 2024 Career & Relationship

Estimated value: €650 million
Age: 53
Born: 01/03/1969
Country of origin: Germany
Source of Wealth: Formula 1 driver
Last updated: 2021

Short introduction

Michael Schumacher was born in the city of Hürth on January 3, 1969. He was a Formula 1 driver from 1991 to 2012. the end of 2013
he had a skiing accident and has not appeared in public since this accident.

early life

Michel Schumacher was born on January 3, 1969 in Hürth. He grew up with a brother who later also became a Formula 1 racing driver. The father was a chimney bricklayer and later leaseholder of a go-kart track. After elementary and junior high school and middle school, he trained as a car mechanic, which he completed with the journeyman’s examination. Michael Schumacher came into contact with motorsport at an early age. He spent countless hours at the karting track and at the age of six he won the karting club’s first club championship.

Michael Schumacher’s talent as a racing driver was recognized early on. Thanks to private sponsors, he was able to devote himself to racing, which was not cheap, and twice became German junior champion in karting. At the age of about 18, Michael Schumacher started in Formula König thanks to a private supporter who had previously supported him in karting. A year later, Michael Schumacher became runner-up in Formula Ford. He then switched to Formula 3 and started there in Willi Weber’s team, who also became his new manager. Michael Schumacher finished his first season in Formula 3 with the same number of points as Heinz-Harald Frentzen in second place in the drivers’ standings.


In 1990, Michael Schumacher drove endurance races for the Mercedes Junior Team before, after a brief detour to Japan, he contested his first Formula 1 race in Formula 3000 for Jordan. After this one race, Michael Schumacher got a contract with Benetton and drove for this racing team from 1991 to 1995. He finished his first season at Benetton in 14th place, a year later, in 1992, he took third place in the drivers’ standings, and in 1993 he was fourth. In the 1994 and 1995 seasons, Michael Schumacher won his first two world championship titles in Formula 1.

In 1996, Michael Schumacher switched to Ferrari and drove for the Italian racing team until 2006. He finished his first season with the Italians in third place. In the 2000 season it finally worked out with the first world championship title at Ferrari. Another 4 world championship titles followed from 2001 to 2004. On September 10, 2006 he announced his retirement at the end of the season. Michael Schumacher worked as a consultant and test driver at Ferrari until 2009. In 2010 he made his comeback and drove for Mercedes until 2012.

Career highlights

In addition to the two world championship titles at the Benetton racing team, the five world championship titles in a row at Ferrari from 2000 to 2004 can be described as the highlight of his career. He is still the most successful Formula 1 driver. In addition to world titles, he has won 91 races and a total of 155 podium finishes.

Famous quotes

Like many other athletes, Michael Schumacher was not averse to superstition. But he also spoke openly about it: “For a while I got into the car from the left because I thought that luck would bring me. Eventually I got in from the right and was just as lucky.”

He described racing as a very complex process. It is a constant exchange of information of all parts of the body from the foot to the head. He put the goal of a Formula 1 race in simple words. In principle, it’s just about being the first to call it a day. He also appeared confident that he would not be fatally involved in a racing car accident. There is no reason to die in a racing car, he once said.

Amazing Facts

The fact that Michael Schumacher was a passionate soccer player should be known to many people, not just fans. Here are some amazing facts about his career as a Formula 1 driver:

In kart races, which Michael Schumacher contested as a child and teenager, he met Heinz-Harald Frentzen, Nick Heidfeld and Mika Häkkinen, who years later would become his rivals in Formula 1.

In 1991, Jordan received a payment of 150,000 British pounds so that racing steel Michael Schumacher could drive the Formula 1 race. Thanks to this sum, they gave preference to Michael Schumacher over another driver.

The racing steel Benetton was initially reluctant to offer Michael Schumacher a contract. Thanks to Bernie Ecclestone, the Formula 1 boss, and his recommendation, the collaboration between Benetton and Michael Schumacher came about.

Estimated value: €650 million