How Much Does Lewis Hamilton Actually Earn?
Honestly? No one outside of a few very well-paid lawyers and contract managers really knows.
What we can say is this: reports vary. A lot.
During his 12-year run with Mercedes, Lewis Hamilton was reportedly pulling in around $60 million a year. That figure includes both his base salary and bonuses—though some sources only count his base pay, which leads to a lot of conflicting numbers. Still, Celebrity Net Worth and Forbes both put him at the top end of that range.
In 2024 Forbes reported that Hamilton made $80 million total—$60 million “on field” and $20 million from sponsorships and side projects.
But then came the big move. Ferrari.
Ferrari Paycheck: Big Raise or Pay Cut?
This is where things get even more contradictory.
According to Celebrity Net Worth, Hamilton is now making $107 million annually at Ferrari. That’s nearly an 80% increase over his Mercedes salary, which makes sense considering the hype surrounding the deal. The BBC supports this by reporting that he’s receiving “close to a 50% pay rise.”
But not every outlet agrees. La Gazzetta dello Sport, an Italian newspaper with close ties to F1, reported that Hamilton might have actually taken a small pay cut—claiming his salary is closer to $53.9 million for his first year in red.
Either way, the financial world took notice. Ferrari’s share price jumped by 6% after the news broke, leading to a massive $6.12 billion increase in the company’s valuation. That’s the kind of market movement usually reserved for blockbuster earnings reports—not driver transfers.
Where the Money Comes From
F1 Salary and Bonuses
Hamilton’s driving contracts remain the bedrock of his wealth. Between Mercedes and Ferrari, he’s signed some of the biggest deals in the history of motorsport. With multiple world titles and regular podium finishes, bonus payouts alone are likely in the millions.
Endorsements and Sponsorships
Off the track, Lewis is a brand magnet. He’s worked with major names like Tommy Hilfiger, Monster Energy, Puma, IWC, and Lululemon. These aren’t just surface-level endorsements—Hamilton’s image, lifestyle, and values are woven into his partnerships, making him one of the most marketable athletes in the world.
Business Ventures
Hamilton is also active in the business world. He’s a part-owner of the Denver Broncos, a move that stunned both the NFL and F1 crowds. He launched a non-alcoholic drink brand called Almave, aimed at people who want premium taste without the buzz.
In fashion, Hamilton collaborated with Tommy Hilfiger on the TOMMYXLEWIS collection, and he’s rumored to be developing his own independent line focused on sustainability and streetwear influence.
He Produced the F1 Movie
Another key piece of Hamilton’s expanding empire is his role as a producer on the Formula 1 movie starring Brad Pitt.
He didn’t just consult on the racing scenes—he’s actually a credited producer. That means he’ll get a percentage of the film’s revenue, and with a blockbuster cast and heavy promotion, the earnings could be substantial.
Hamilton’s involvement ensures that the racing will be authentic and visually impressive. For fans, it’s more than just a movie—it’s the first time F1 has leaned this hard into Hollywood, and Hamilton’s fingerprints are all over it.
His Real Estate Portfolio Is Global
Lewis Hamilton owns some of the most luxurious properties across the globe.
In New York City, he purchased a penthouse in Tribeca’s celebrity-filled building for $40.7 million. The home features soaring ceilings, private terraces, and an underground garage—because yes, even in NYC, he needs a spot for the cars.
Back in London, Hamilton owns a stunning $25 million mansion in the Kensington area. The historic property was originally built in the 1860s and spans several stories, with lush gardens and a private gym.
He also has apartments in Monaco, Los Angeles, and Geneva, strategically placed in racing hubs where he spends most of the year.
The Car Collection Is Wild
Let’s be honest—this part makes perfect sense.
Hamilton’s car collection is reportedly worth over $30 million, and includes some of the rarest and most expensive vehicles on the planet.
One of the most prized pieces is his 1995 McLaren F1, valued at around $20 million. It’s considered one of the most iconic supercars ever made, and only 106 were produced.
Then there’s the Ferrari LaFerrari Aperta, estimated at $4.1 million. It’s the open-top version of Ferrari’s flagship hybrid hypercar—ultra rare, ultra fast, and very on-brand.
And of course, he owns a Mercedes-AMG One, valued at $2.7 million. The car literally uses Formula 1 hybrid technology and was designed during his time at Mercedes, making it a full-circle addition to his garage.
Plus44
In addition to working with top designers and brands, Hamilton also created his own apparel and lifestyle line under the +44 label—named after his iconic racing number. The brand is part of his broader Team LH identity, which represents his global fan base and personal brand.
The line includes streetwear-inspired pieces like oversized hoodies, statement jackets, and everyday basics, all focused on inclusivity, sustainability, and self-expression. Hamilton has said that the brand reflects his passion for fashion and his desire to stand for something more than just style.
The collections drop online and tend to sell out quickly, with designs often inspired by key moments in his career and causes close to his heart.
Charity Is a Huge Part of His Life
Despite his massive earnings, Hamilton’s never shied away from giving back. In fact, charity is a major focus of his life right now.
He founded the Hamilton Commission, an initiative aimed at improving diversity in motorsport, especially for underrepresented groups in engineering and racing careers. He’s also a supporter of numerous environmental causes, animal welfare, and education-focused programs.
He’s donated significant funds to combat climate change, backed youth education initiatives, and frequently speaks out on issues of social justice and equal opportunity.
While his net worth keeps climbing, he’s been vocal about using that wealth to leave a lasting legacy—not just on the track, but off it too.
