Michael Schumacher is a name known to everyone interested in sports and especially motorsports. He is one of the highest paid athletes in the world. With that he has won several championships and worked for Mercedes and Ferrari. His net worth is expected to be $800 million. Nowadays, he is out of the games and has been in severe condition after he suffered a head injury.
He was born in 1969 in Germany and the records reveal speed was in his blood. He started demonstrating his superb speeding skills when he was just a kid. His parents bought him an engine motorcycle when he was only 4 and he joined the karting club. His parents have been supportive and with their support and assistance, he continued racing and won many championships.
He is the only driver in racing history to win seven “Formula One World Championships” and five of which are in consecutive years. This is something only extraordinary people can do. He joined many teams who had been struggling to win a single championship and after he joined their teams, they started to win titles.
Michael Schumacher is a name that has been on Forbes’ list of richest athletes. It all started in 2004 when he was ranked 2nd and he maintained this position for long thirteen years. Eurobusiness magazine in 2005 listed him the highest paid athlete and a billionaire. It’s evident from his earnings and incomes that he has been a very successful athlete in the history.
Only Michael Jordan was the athlete who surpassed him when it comes to net worth and yearly incomes. He also earns a lot of money from endorsements and advertisement.
The sources revealed that after suffering from head injury in 2013, he still earns more than $50 million a year through advertisements. This seems to be a little amount if we compare what he used to earn at his peak of career. He announced retirement in 2006 and then made a comeback in 2013.
This would be quite surprising for his fans that he was paid yearly $10 million just for wearing Shell hat at all public appearances. He also made a hefty amount of $8 million by wearing the cap of Deutsche Vermögensberatung with their logo.
His career lasts for almost 20 years and a report by Sports Illustrated claimed that he earned over $20 million a year for racing Mercedes. In 1996, he joined Ferrari and made them win championships that their team has been unable to ever win. He was a lucky charm and everything went in his favor.
The speed that was in his blood made him a billionaire. It’s only the right use of your talent that makes you either a billionaire or an ordinary man working a normal job.
He is also active in charity and a special ambassador to UNESCO. He has donated billions of dollars for charity and organizations working on children’s health, education and their upbringing. Only in four years, between 2009 and 2013, he donated $50 million in donations.