Ever wondered what Max Verstappen Net Worth is? if so, you are in the right place. This article explores the formula 1 champion’s financial value as of 2024 and his sources of income.
Before unveiling Max Verstappen Net Worth, let us first know Who is Max Verstappen by looking at his biography, career, achievements and love life.
Who is Max Verstappen
Max Verstappen is a talented Dutch racing driver. He competes in Formula 1 for the Red Bull Racing team.
Max Verstappen gained worldwide recognition when he became the youngest Driver to compete in Formula 1 at 17.
What draws many people’s attention is the idea of his aggressive, skillful driving. For his best moments in F1, visit here.
Point to note: Max Verstappen is the highest-paid Formula One driver. He is expected to earn $55 million in 2024.
How Much is Max Verstappen’s Net Worth
Max Verstappen Net Worth is estimated to be around $210 million. His wealth comes from his F1 racing career earnings, endorsements, and real estate.
Max Verstappen Biography
Max Verstappen was born in Hasselt, Belgium, on September 30, 1997. His official names are Max Emilian Verstappen.
Max Verstappen’s father is Jos Verstappen, a former F1 player and Sophie Kumpen a former go-kart racer. He has one sibling, Victoria Jane, whose profession has not been revealed to the public.
Having been brought up by a Formula 1 parent, he began racing at age 4. He followed his parents’ footsteps eventually, and Formula 1 became his best sport.
Little is known about Max Verstappen’s education.
Where is Max Verstappen From
Max Verstappen is a Belgian-Dutch national. His father is a Dutchman, while her mother is Belgian.
Max Verstappen grew up in Maaseik on the Dutch border.
Currently, Max lives in Monaco.
How tall is Max Verstappen
Max Verstappen is 1.81 Metres. He is taller than Lewis Hamilton, his primary competitor, who is 1.74 Metres.
Max Verstappen Career
Max Verstappen raced in an actual car in 2013 when he drove a Renault car. He later went for various Renault car tests and set up a portfolio of wins.
Max Verstappen Formula 1’s career debut was back in 2014 at the Florida Winter Series. He drove for F3 at the FIA European Championship and finished third.
Mercedes offered to recruit Max, but he joined Red Bull Junior in 2014.
He became the youngest competitor at the Grand Prix in Japan and clinched the award of Youngest Grand Pix Champion at the Australian and Pix. He was 17 then.
While at Red Bull, he recorded a win and became the youngest driver to compete in Formula 1
2021 marks his victorious year! He beat his all-time competitor, the richest F1 driver, Lewis Hamilton. He overtook him on the final lap at the Abu Dhabi Grand Prix.
Max Verstappen’s Records of Achievements
It is important to note that Max Verstappen has had 61 victories, 32 fastest laps, and 40 Pole Positions.
Wins | |||
---|---|---|---|
Most wins in a season | 2023 | ||
Most wins in one calendar month | 2023 Austrian Grand Prix – 2023 Belgian Grand Prix | ||
Most consecutive wins | 2023 Miami Grand Prix – 2023 Italian Grand Prix | ||
Highest percentage of wins in a season | 2023 | ||
Most wins before first pole position | 2019 German Grand Prix | ||
Most wins from pole position in a season | 2023 | ||
Most wins not starting from pole position in a season | 2022 | ||
Most consecutive wins from pole position | 2022 Dutch Grand Prix – 2024 Saudi Arabian Grand Prix | ||
Wins from most different grid slots | 2023 Belgian Grand Prix | ||
Wins from most different grid slots in a season | 2022 | ||
Most sprint wins | 2024 Austrian Grand Prix sprint | ||
Most sprint wins in a season | 2023 |
Max Verstappen Wife
With all the schedules and practice at Formula 1, Max still maintains the value of family.
Max Verstappen Wife is Kelly Piquet, a Dutch-Brazillian model from a family of Formula1 drivers.
The two went public in 2021 but met in 2016. We at New York Unchartered wish them a long and fruitful life ahead!
Max Verstappen Daughter
Max Verstappen and Kelly Piquet do not have a kid yet.
However, Kelly once dated an F1 driver, Daniil Kvyat, and the two had a daughter, Penelope Kvyat. Shortly after the baby’s birth, the two separated; hence, Max Verstappen is the father figure to the adorable Penelope.
Why is Max Verstappen So Good?
All the wins prove that Max Verstappen is good at what he does.
He has aggressively pursued his career and honed it all since he was young.
From his background, he understands the race strategy from his father. This strategy enables him to handle pressure. It also gives him an edge to his competitors.
His exquisite performance is attributed to good racing cars and strong support from Red Bull!
Sources of Max Verstappen’s Net Worth
Below is a table that shows Max Verstappen’s Net Worth growth over the years.
Max Max Verstappen’s Net Worth Since 2021 | |
Max Verstappen net worth 2024 | $210 million |
Max Verstappen net worth 2023 | $210 million |
Max Verstappen net worth 2022 | $155 million |
Max Verstappen net worth 2021 | $110 million |
In case you are wondering how Max Verstappen has managed to become wealthy, here are his sources of income.
Salary and Contracts
Max Verstappen’s salary according to Forbes, currently stands at $55 million for 2024. Here is a breakdown of his salary year-wise since 2021
- 2021- $25-43 million
- 2022- $53 million plus $5 million incentive
- 2023 season- $55 million
Verstappen’s current contract with the Red Bull is $240 million.
The contract runs until 2028. Past contracts also add to the current financial standing.
Brand Ambassador Job
Max Verstappen earns a total of $5 million from brand partnerships and endorsements. As of the 2024 season, here are the sponsors;
- Jumbo (supermarket)- leading supermarket
- Heineken (Multinational brewing company)
- Viaplay (Streaming service)
- EA Sports (Video Company)
Other brands he has worked with are Ziggo, G-Star Raw, and CarNext.com.
Car Collection
Being a professional driver of Renault cars brings with it luxurious vehicles. This fact is evident from the collection that Max owns. They include;
- Renault R.S.01
- Aston Martin Valkyrie
- Ferrari Monza SP2
- Aston Martin DBS Superleggera
- Aston Martin DB11
- Aston Martin Vantage
- Porsche 911 GT3 RS
Real Estate
Max Verstappen has a remarkable trail of luxurious real estate.
The notable ones include a $7 million mansion in California and a $25 million Penthouse in Monaco.
These houses are the only ones in the public domain, but it is believed that he owns more.
He currently lives in the Monaco Penthouse together with Kelly and the Penelope.
Charity Work
Max Verstappen is known for his tenacity at racetracks, he is a committed philanthropist.
He supports causes that deal with health, natural calamities, education, etc.
He donates his proceeds to children’s and support homes to ensure he leaves an impact. One notable initiative is with Jumbo Supermarket, which supports the Netherlands food bank.
Prize Money for Winning Championships
Anytime a championship win occurs, Max Verstappen Net Worth Increases when he wins it. Below are some of the notable awards from the championships he has participated in;
- Youngest Driver to ever race in Formula 1 ( 2015, Malaysian GP)
- Youngest Driver to score points in Formula 1 (2016, Spanish GP)
- Youngest Driver to win a race in Formula 1 (2016, Spanish GP)
- Youngest Driver to set the fastest lap in Formula 1 ( 2016, Brazilian GP)
- Most Podium finishes in a single season (18 podiums, 2021)
- Most race wins in a single season ( 20 wins, 2022)
- Most consecutive race wins in a season (10 race wins, 2023)
- Three Formula 1 World Championships (2021, 2022, 2023)
- Third most race wins in Formula 1 history (54 race wins)
Max Vestarppen Profile Summary
Official Names | Max Emilian Verstappen |
Birth date | September 30, 1997 |
Age | 26 years |
Spouse | Kelly Piquet |
Height | 1.80m |
Weight | 159lbs |
Residence | Monaco |
Nationality | American |
Profession | Racing Driver |
Children | 1 step daughter, Penelope Kvyat |
Net Worth | $210 million |
Frequently Asked Questions About Max Verstappen Net Worth
1. Who is the Highest Paid F1 driver
Max Verstappen is the highest paid F1 driver with a base salary of $55 million
2. How Old is Max Verstappen
Max Verstappen is 26 years old as of 2024
3. How Much is Max Verstappen Net Worth
Max Verstappen Net Worth is approximately $210 million