Lewis Hamilton is a British racing driver competing in Formula One.
He drives for Mercedes and has won a joint-record seven Formula One World Drivers’ Championship titles, holding numerous records for wins, pole positions and podium finishes.
Hamilton is known for his activism against racism and advocacy for increased diversity.
He was knighted in 2021 and listed in Time’s 100 most influential people globally.
Hamilton’s racing career began in karting in 1993, leading to his debut in Formula One with McLaren-Mercedes in 2007.
He later joined Mercedes in 2013, achieving immense success with consecutive drivers’ titles.
Hamilton’s achievements extend beyond racing; he is an environmentalist, social activist and a prominent figure in the sport, known for his unique style and relentless speed.
Net worth | $285 million |
Profession | Racing driver |
Date of birth | January 7, 1985 |
Nationality | British |
Background and early life
Hamilton, born on January 7, 1985, in Stevenage, England, has a diverse and inspiring background.
His parents, Anthony and Carmen, divorced when he was young, leading him to live with his mother until the age of 10, after which he moved in with his father, stepmother Linda and half-brother Nicolas.
Hamilton’s father, Anthony, worked tirelessly to support his son’s racing career, holding multiple jobs to fund his son’s early karting endeavors.
Hamilton’s stepbrother, who has cerebral palsy, serves as a source of inspiration for him.
His journey into racing began at the age of 8, and by 10, he had already won the British Kart Championship.
His exceptional talent and determination propelled him through various racing categories, culminating in his Formula One debut with McLaren in 2007.
Despite facing challenges, Hamilton’s upbringing instilled in him a strong work ethic, ambition and a deep-rooted passion for racing.
Net worth
Hamilton’s net worth is estimated to be around $285 million.
His wealth stems not only from his successful Formula One career but also from lucrative endorsement deals with brands like Tommy Hilfiger, Puma and Qualcomm, among others.
Hamilton’s net worth is further boosted by his ownership of luxury properties, including a $25 million mansion in London, apartments in Geneva and Monaco and a penthouse in Manhattan.
Additionally, his impressive car collection, valued at around $40 million, includes iconic vehicles like a 1995 McLaren F1 and a Ferrari LaFerrari.
Despite his immense wealth, Hamilton is also known for his philanthropic efforts through the Mission 44 Foundation, supporting causes like healthcare advancements and poverty eradication.
Salary and contracts
Hamilton’s salary and contracts reflect his status as one of the highest-paid athletes globally, with lucrative deals and strategic financial decisions shaping his career.
His Formula One salary has been substantial, with reports indicating different figures over the years.
Hamilton’s salary at Mercedes was reported to be around $55 million annually, making him one of the highest-paid drivers in the sport.
However, with his move to Ferrari, he is rumored to have accepted a lower base salary of around 40 million euros per season, potentially supplemented by performance bonuses, showcasing a strategic financial decision to join the iconic team.
Hamilton’s contracts have been significant milestones in his career.
His new deal with Mercedes, signed in 2023, was reportedly worth £50 million per season, marking a substantial increase from his previous salary.
This contract extended until the end of 2025, securing his position with the team for the foreseeable future.
His move to Ferrari involved a financial sacrifice initially, opting for a lower base salary with potential for significant bonuses based on performance, highlighting his commitment to the new challenge and potential rewards.
Hamilton’s ability to negotiate lucrative contracts, adapt to new financial structures and diversify his income sources through investments and business ventures have solidified his position as not just a racing champion but also a savvy entrepreneur in the world of sports and entertainment.
Car collection
Hamilton’s car collection is a testament to his passion for high-performance vehicles, classic cars and unique hypercars.
The collection includes a diverse range of cars, from cutting-edge hypercars to vintage classics.
Some notable cars in his collection are the Pagani Zonda 760 LH, a bespoke £1.6 million Pagani Zonda, one of only five special editions made, specifically manufactured for the World Champion with a manual gearbox.
Hamilton is also rumored to have spent around £2.2 million on the Aperta version of the LaFerrari, showcasing his love for high-performance hypercars.
In 2015, he acquired a McLaren P1 supercar, boasting a 3.8-liter twin-turbo V8 petrol engine and an electric motor producing 903 bhp, reflecting his continued affinity for McLaren vehicles.
His collection includes classic cars like the 1966 Shelby Cobra, estimated to be worth around £4 million, adding a touch of vintage elegance.
The Mercedes-AMG Project One, a hypercar with Formula 1 technology, is also part of his collection, showcasing Hamilton’s interest in cutting-edge automotive engineering.
Another classic in his collection is a replica of the 1967 Ford Mustang Shelby GT500 ‘Eleanor’ from the movie ‘Gone in 60 Seconds,’ customized to pristine condition by an American tuner.
Hamilton’s car collection is a blend of speed, luxury and history, reflecting his diverse taste in automobiles and his status as a car enthusiast with a penchant for both modern hypercars and classic gems.
Private jet
Hamilton owned a luxurious Bombardier Challenger 605 private jet, which he purchased for $29 million.
The jet was painted cherry red and registered as G-LCDH, representing his full name.
Hamilton’s ownership of the jet sparked controversy when he was named in the Paradise Papers for reportedly avoiding taxes by registering the jet in the Isle of Man, a tax haven.
However, Hamilton decided to sell his private jet in 2019 to align with his commitment to sustainable living.
He transitioned to a plant-based diet, drove electric vehicles, and offset his carbon footprint.
Despite owning classic cars, Hamilton no longer drives them and opts for electrically powered vehicles.
His decision to sell the private jet was part of his broader lifestyle changes towards reducing his carbon footprint and promoting environmental sustainability.
Union Bank of Switzerland (UBS) endorsement deal
Hamilton’s partnership with Union Bank of Switzerland (UBS) has been a significant and long-standing brand endorsement, reflecting a strong collaboration between Hamilton.
UBS pays handsomely upwards of $9 million for this partnership, making Formula One a crucial aspect of the bank’s international sports sponsorship portfolio.
This partnership has been in place for over a decade, highlighting the enduring relationship between Hamilton, Mercedes-Benz and UBS.
Qualcomm deal
Hamilton’s partnership with Qualcomm is a significant aspect of his business ventures and endorsements.
Qualcomm has been a key sponsor of the Mercedes-AMG PETRONAS F1 Team, providing technology innovation in racing.
Hamilton’s involvement with Qualcomm extends to the software giant paying Mercedes-Benz around £7 million for its services, with Hamilton reportedly receiving a cut of this amount.
Qualcomm has been instrumental in providing racing data and analysis for both Hamilton and the team since 2016, showcasing the importance of technology partnerships in Formula 1.
Despite uncertainties about the continuation of this sponsorship after Hamilton’s departure from Mercedes, his involvement with his own racing team, X44, suggests potential future collaborations with Qualcomm in upcoming ventures, highlighting the enduring impact of this partnership on Hamilton’s career and business endeavors.
Petronas partnership
Hamilton’s partnership with Petronas, the Malaysian oil and gas company, has been a cornerstone of his success in Formula One.
Petronas became the title and technical partner of the Mercedes-AMG Formula 1 team in 2010, leading to the team being known as the Mercedes-AMG Petronas F1 team.
This partnership has been instrumental in the team’s dominance, with Petronas providing Fluid Technology Solutions, including fuel and lubricants, that powered the team to 8 consecutive Constructors’ World Championships from 2014 to 2021.
Additionally, Petronas and Mercedes have aligned their goals towards sustainability, with an early extension of their deal until 2026 focusing on developing 100% sustainable fuels in line with new F1 regulations.
This partnership exemplifies the evolution of sponsorships into true partnerships, with both brands benefiting significantly from their collaboration on and off the track.
IWC collaboration
Hamilton’s collaboration with IWC, the luxury Swiss watchmaker, has been a significant aspect of his brand partnerships and business ventures.
His involvement with IWC goes beyond just wearing the watches; he actively participates in the design process, co-creating unique timepieces that reflect his personal style and DNA.
The collaboration has resulted in exclusive and limited-edition watches, such as the IWC Portugieser Tourbillon Rétrograde Lewis Hamilton, which features distinctive elements like a teal dial, fabric strap and platinum case.
Hamilton’s partnership with IWC showcases his commitment to creating custom designs that blend his racing persona with the brand’s craftsmanship and innovation, highlighting his influence in the world of luxury watches and his ability to transcend traditional endorsements to co-create products that resonate with his fans and watch enthusiasts alike.
Bose deal
Hamilton’s partnership with Bose has been a significant aspect of his brand endorsements and business ventures.
Bose has been a long-standing partner with Mercedes-Benz, providing audio devices for the team, including Hamilton.
The partnership involves Bose sponsoring the team for a substantial amount, with Hamilton reportedly receiving a cut of this sponsorship deal.
This collaboration showcases the importance of high-quality audio equipment in Formula 1 and highlights Hamilton’s involvement in leveraging technology partnerships to enhance his racing experience and performance on and off the track.
Business ventures
Hamilton’s business ventures span various industries, showcasing his entrepreneurial acumen and diverse interests beyond Formula 1.
He co-founded Neat Burger, a vegan fast-food burger chain, in 2019.
The business, backed by Hamilton and Real Madrid goalkeeper Thibaut Courtois, has seen significant success, with a valuation reaching $100 million.
Neat Burger aims to expand its presence in London and the USA, contributing to the growing trend of plant-based food options.
Hamilton also launched Almave, a non-alcoholic spirit designed to taste like tequila, expanding his business empire into the beverage industry.
This innovative product caters to a growing demand for high-quality non-alcoholic options and showcases Hamilton’s commitment to offering unique and authentic experiences to consumers.
Additionally, Hamilton introduced the Plus 44 World Clothing Collection, a clothing line inspired by his style and Formula 1 milestones.
This venture reflects his influence in the fashion industry and his ability to leverage his personal brand to create successful apparel lines.
Hamilton established Team X44, a racing team competing in the all-electric SUV off-road racing series Extreme E since January 2022.
The team’s success, including winning the world championship in its inaugural year, highlights Hamilton’s foray into motorsport beyond Formula 1.
Through Dawn Apollo Films, Hamilton is involved in the film industry, with two major projects in the pipeline: an untitled feature film starring Brad Pitt and a documentary on his journey to Formula 1.
These ventures showcase his interest in storytelling and entertainment beyond the racetrack.
Hamilton’s diverse business ventures demonstrate his ability to excel in various industries, from food and beverage to fashion, racing and entertainment, solidifying his position as a successful entrepreneur with a keen eye for innovation and growth.
Real estate properties
Hamilton’s real estate portfolio is as diverse and luxurious as his lifestyle.
From Monaco to London, New York and beyond, Hamilton’s properties reflect his global success and taste for opulence.
Hamilton is best known for living in Monaco, particularly in the exclusive Fontvieille area, famous for its lavish properties.
This residence offers stunning views and luxurious amenities, making it a coveted address among F1 drivers.
In 2019, Hamilton acquired a Manhattan penthouse in a condo project co-owned by NFL legend Tom Brady and supermodel Gisele Bundchen for £32 million.
This 6,547 square-foot home boasts panoramic views of the Hudson River and upscale amenities like a swimming pool, fitness center and wine cellar.
Hamilton’s West London estate, purchased in 2017 for £18 million, is a six-bedroom detached villa with a 200-foot garden and a summer house.
This historic property, built in 1860 by renowned builder Samuel Johns, offers generous entertaining spaces and elegant features, reflecting his penchant for luxury and style.
Additionally, Hamilton’s Colorado ranch serves as his home base and retreat, especially during the F1 offseason.
This property, nestled amidst mountains and lakes, provides a serene escape and a place filled with cherished memories and family gatherings.
Hamilton’s real estate empire, valued at over £62 million, showcases his penchant for luxury living and investments in prestigious locations around the world, reflecting his success both on and off the racetrack.
Early career
Hamilton’s early career was marked by remarkable achievements and a relentless pursuit of excellence.
Beginning his karting journey in 1993, he quickly rose through the ranks, showcasing exceptional talent and determination.
Notably, Hamilton won various championships in grassroots categories, including the Formula Renault 2.0 UK Championship in 2003, the Formula 3 Euro Series Championship in 2005 and the GP2 Series Championship in 2006.
His success in these lower categories laid a solid foundation for his future Formula One career.
Hamilton’s transition to Formula One in 2007 with McLaren marked a significant milestone, where he became the first and only black driver in the sport at that time.
His early career was characterized by a relentless drive to succeed, setting the stage for his record-breaking achievements and dominance in Formula One.
Breakthrough
Hamilton’s breakthrough in Formula One was marked by his exceptional performance during his rookie season in 2007 with McLaren.
His debut season was nothing short of spectacular, as he showcased remarkable talent, speed, and composure on the track.
Notably, Hamilton secured his first podium finish in his very first race, finishing third at the Australian Grand Prix.
Throughout the season, he continued to impress, achieving a pole position in his home race at Silverstone and securing multiple podium finishes.
Hamilton’s breakthrough moment came when he won his first Grand Prix in Canada, becoming the youngest driver at that time to win an F1 race.
His debut season was historic, as he finished third in the Drivers’ Championship, narrowly missing out on the title in his rookie year.
Hamilton’s exceptional performance and maturity on the track solidified his position as a future star in Formula One, setting the stage for his record-breaking career and multiple World Championships.
Notable races
Hamilton has had numerous notable races throughout his Formula One career, showcasing his exceptional talent and determination on the track.
Some of his most remarkable victories include;
2008 British Grand Prix: Hamilton’s victory at the British Grand Prix in 2008 was a significant moment in his career, solidifying his status as a top driver.
This win was crucial in his journey to securing his first World Drivers’ Championship.
2013 Hungarian Grand Prix: His win at the 2013 Hungarian Grand Prix was notable as his first victory with Mercedes.
This win highlighted his skill and adaptability, marking a successful transition to a new team.
2021 Russian Grand Prix: Hamilton’s victory at the 2021 Russian Grand Prix was historic as it marked his 100th career win, making him the first driver to achieve this milestone.
This win showcased his longevity and consistency in the sport.
Hamilton’s victories at iconic races like the German Grand Prix and the United States Grand Prix have also been significant in his career, demonstrating his ability to perform under pressure and in diverse conditions.
Awards and accolades
Hamilton has amassed a remarkable collection of awards and accolades throughout his illustrious career in Formula One.
Some of his notable awards include;
Seven World Drivers’ Championship titles: Hamilton has won a joint-record seven World Drivers’ Championship titles, placing him among the most successful drivers in Formula One history.
Most wins, pole positions and podium finishes: He holds the outright records for the most wins (95), pole positions (98) and podium finishes (165) in Formula One, showcasing his dominance on the track.
BBC Sports Personality of the Year: Hamilton’s impact transcends racing, as evidenced by his recognition with prestigious awards like the BBC Sports Personality of the Year.
Knighted: In 2021, he was knighted for his services to motorsport, becoming Sir Lewis Hamilton in acknowledgment of his outstanding achievements and contributions to the sport.
Global influence and activism: Hamilton’s influence extends beyond racing, with listings in Time’s 100 most influential people globally and his impactful activism against racism and advocacy for diversity further solidifying his legacy.
These accolades not only highlight Hamilton’s exceptional talent on the track but also underscore his significant contributions to society and his role as a global icon in sports and activism.
Philanthropic efforts
Hamilton is deeply involved in philanthropic endeavors, showcasing his commitment to making a positive impact beyond the racetrack.
One of his significant initiatives is Mission 44, aimed at supporting underprivileged youngsters in the United Kingdom, particularly in STEM fields.
Hamilton’s dedication to promoting diversity and inclusion led him to establish this project, emphasizing the importance of providing role models and opportunities for young people of color in education and career paths related to science, technology, engineering, and mathematics (STEM).
Moreover, his philanthropic efforts extend to charitable donations, such as his substantial $25 million contribution to Mission 44, marking the largest charitable donation in Formula One history.
This generous act reflects his dedication to creating a more inclusive education system and empowering underserved communities.
Additionally, Hamilton’s collaboration with various organizations and partners, like Teach First and UBS, demonstrates his ongoing commitment to driving positive change and supporting initiatives that aim to increase diversity in STEM and motorsport.