Kimi Räikkönen

Kimi Räikkönen built a fortune as one of Formula 1’s highest-paid drivers, earning over $50 million per year at his peak with Ferrari. Nicknamed The Iceman, his career spanned two decades, with a 2007 World Championship and stints at Ferrari, McLaren, and Alfa Romeo securing his status as an F1 legend. 

Beyond racing, Räikkönen expanded his wealth through endorsements, business ventures, and investments, including motocross teams and real estate. Even after retiring from F1 in 2021, his financial success continued, fueled by sponsorships and his involvement in motorsports.

Despite his quiet public persona, Räikkönen has supported various charities, particularly those focused on children’s health and motorsport development. His no-nonsense attitude and thrilling driving style created fierce rivalries with stars like Fernando Alonso, Lewis Hamilton, and Michael Schumacher, making him a fan favorite. 

While he has stepped away from Formula 1, his influence remains strong, with his career serving as an example of success both on and off the track. Whether through his racing legacy or financial achievements, Räikkönen continues to leave his mark on the world of motorsport.

What Is Kimi Räikkönen’s Net Worth?

As of February 2025, Kimi Räikkönen’s net worth is estimated to be $250 million.

Kimi Räikkönen, famously known as the "Iceman" for his calm and composed demeanor, is one of the richest F1 drivers in the world and has amassed significant wealth through his racing career, sponsorships, and investments. At the peak of his career, he earned over $40 million annually.

The majority of Räikkönen’s net worth is made of salaries from his 19-year F1 career. Throughout his Formula 1 career, Kimi raced for prominent teams such as McLaren, Ferrari, Lotus, and Alfa Romeo.

His peak earnings came when he signed with Ferrari in 2007 after German legend Michael Schumacher left the team after retiring. Kimi signed a 3-year contract worth more than $120 million. During this time, he was the highest-paid F1 driver and one of the top-5 highest-earning athletes in the world.

He was last featured on Forbes' list of the highest-paid athletes in 2015, when he earned $27 million, which included $25 million in salary from Ferrari.

Outside of racing, Räikkönen also benefited from endorsements, earning as much as $2 million from brand deals. While his second Ferrari stint limited his sponsorship opportunities, he still worked with well-known brands like Oakley and Wrangler, adding to his impressive wealth.

What is Kimi Räikkönen’s Claim to Fame?

Kimi Räikkönen, known as the "Iceman" for his cool demeanor and skill, is a Formula 1 legend. Here is a quick look at the milestones that defined his remarkable F1 career.

• Sauber Debut: Kimi Räikkönen made his Formula 1 debut with Sauber in 2001, despite having only 23 car races under his belt. He scored his first championship point in his very first race at the 2001 Australian Grand Prix. He went on to have a strong rookie season with four points-scoring finishes and eight top-eight finishes overall. By the end of the season, he had earned nine points, contributing to Sauber’s best-ever fourth-place finish in the Constructors' Championship at the time.
• McLaren Days: Replacing two-time world champion Mika Häkkinen at McLaren in 2002, Räikkönen quickly became one of F1’s brightest stars. Despite frequent reliability problems with the McLaren cars, Räikkönen had an impressive stint with the team. In 2003, he came remarkably close to winning the World Championship, finishing just two points behind Michael Schumacher. He repeated his strong form in 2005, finishing second in the championship once again. These runner-up finishes in 2003 and 2005 solidified Räikkönen’s reputation as one of the top drivers of his era.
• 2005 Japanese Grand Prix Comeback: One of Kimi Räikkönen’s most legendary drives came at the 2005 Japanese Grand Prix. Starting 17th on the grid, he delivered a breathtaking charge through the field. In the final laps, he chased down race leader Giancarlo Fisichella and, on the very last lap, pulled off a daring overtake around the outside into Turn 1, securing a dramatic victory. This race is widely regarded as one of the greatest comebacks in Formula 1 history.
• Ferrari World Champion: In 2007, Kimi joined Ferrari, signing a 3-year contract with Scuderia Ferrari. That year, he won the Formula 1 World Championship in a thrilling final-race showdown at the Brazilian Grand Prix. Räikkönen secured the title by just one point over rivals Lewis Hamilton and Fernando Alonso, a victory that cemented his status as a global icon. This achievement also made him one of the highest-paid drivers in Formula 1 history at the time.
• F1 Comeback with Lotus: Kimi Räikkönen returned to Formula 1 with Lotus in 2012 after a two-year break, making an impressive comeback. He won the Abu Dhabi Grand Prix that season, and his straightforward personality and memorable radio message, “Leave me alone, I know what I’m doing,” became fan favorites and increased his popularity.

Businesses and Brand Endorsements

What businesses does Kimi Räikkönen own or is a part of?

Kimi Räikkönen, the 2007 Formula One World Champion, ventured into just one business during his career. Here is all about it:

• Ice 1 Racing: Kimi Räikkönen founded Ice 1 Racing in 2011 as a World Rally Championship (WRC) team, competing with a Citroën DS3 WRC before exiting rallying in 2012. In 2014, the team shifted to motocross, becoming Husqvarna’s factory team in the FIM Motocross World Championship (MXGP & MX2). Managed by Kari Tiainen, a seven-time Enduro World Champion, Ice 1 Racing has remained a top competitor in motocross, keeping Räikkönen’s motorsport legacy alive beyond his Formula 1 career.

What Brands Does Kimi Räikkönen Endorse?

Kimi Räikkönen, a prominent figure in Formula 1, has had numerous endorsements throughout his career. Here is a detailed list of his major partnerships.

• West Coast Choppers: In late 2019, Kimi Räikkönen partnered with West Coast Choppers, owned by Jesse James, to launch his own clothing line called KIMI. The line includes items like T-shirts, jackets, and trainers, catering to fans of biker fashion. However, the brand faced controversy due to some designs featuring the Iron Cross symbol, which has historical associations with Nazi Germany. Despite the backlash, Räikkönen has continued to promote the brand and work with James.
• iLOQ: Since 2019, the cool-headed racer has been a brand ambassador for iLOQ, a Finnish company specializing in digital locking and access management solutions. His role focuses on increasing the brand’s global visibility, especially in Nordic countries. Räikkönen promotes the company at events and through social media, playing a key part in raising awareness for iLOQ’s innovative solutions. In 2023, iLOQ announced that their partnership with Kimi was set to continue throughout 2023 and beyond.
• Hartwall: In 2017, Kimi partnered with Hartwall to become the face of their Original Long Drink, a popular Finnish beverage. This collaboration aimed to increase the drink’s visibility, especially in Asian markets, with Räikkönen promoting the brand through marketing campaigns and events.
• Zeekr: On October 24, 2023, Räikkönen, the 2007 Formula 1 World Champion, partnered with Chinese electric vehicle company Zeekr. As announced on Zeekr’s social media, Räikkönen took on the role of chief performance advisor. In this role, he oversaw the launch of their latest model, the Zeekr 001 FR, using his racing experience to enhance the vehicle's performance.
• Wrangler: In 2013, Kimi Räikkönen was sponsored by Wrangler, the well-known denim brand. He became the first male spokesperson for Wrangler Europe, representing the brand in various campaigns.
• Singha Corporation: Since 2015, the Finnish racing icon has partnered with Singha Corporation, a Thai beverage company. He supported initiatives such as the Singha Junior Kart Challenge, aimed at promoting motorsport at the grassroots level.
• Roarington: In October 2024, Kimi joined Roarington’s International Advisory Group. Roarington is a platform that combines classic car heritage with digital technology. Räikkönen’s role involves offering technical insights and using his global influence to help develop the platform, aiming to connect automotive history with modern innovations.

Assets and Lifestyle of Kimi Räikkönen’

Kimi Räikkönen’s Real Estate Portfolio 

The legendary Formula 1 driver owns several luxurious properties worldwide. Let’s take a look at these impressive residences.

• Villa Butterfly: In 2009, Kimi Räikkönen bought Villa Butterfly, a luxury mansion in Baar, Switzerland, for about $24 million. The 3,000-square-foot home features indoor and outdoor swimming pools, an underground garage for up to 10 cars, and breathtaking views of the Alps. It also has bulletproof windows and a fully equipped gym, offering both security and comfort.
• Helsinki Seaside Home: Kimi owns a modern seaside home in Helsinki, Finland, located in the exclusive Kaskisaari neighborhood. The three-story stone house has large living spaces with floor-to-ceiling windows offering stunning sea views. It includes a gourmet kitchen, a private spa with a sauna and jacuzzi, and several guest rooms with en-suite bathrooms. The beautifully landscaped outdoor area features a private jetty. In December 2024, Räikkönen put the property up for sale.
• Helsinki Penthouse: In 2014, Räikkönen bought a penthouse in Helsinki for $3.14 million. The property encountered issues during renovations, which led to legal disputes regarding the quality of the work.
• Phuket Beachfront Property: The former Ferrari driver also owns a beachfront villa in Phuket, Thailand, which he purchased for around $1.5 million. The 3,000-square-foot property, located at the Outrigger Serenity Terraces Resort, offers stunning views of the Andaman Sea. This villa serves as his vacation home, providing a peaceful retreat and a warm getaway during winter months.

How Big Is Kimi Räikkönen's Car Collection?

The 2007 Formula 1 World Champion has built an impressive collection of luxury cars alongside his racing career. Here is a look at some of his notable vehicles.

• Russian Lada: Räikkönen's first car was a Russian Lada, which he described as "perfect" to CNN because it was free and robust. Originally red, the car was painted black, and Kimi mentioned that it never once broke down.
• Ferrari Enzo: The Iceman owns a rare red Ferrari Enzo, one of only 400 ever made. In a 2008 interview with Metro newspaper, Räikkönen mentioned that the Enzo was his only Ferrari at the time. He has also mentioned that his prized possessions are his wife and his Ferrari Enzo.
• Ferrari 488 Pista: Kimi Räikkönen, along with teammate Sebastian Vettel, reportedly ordered Ferrari 488 Pista Piloti models, as mentioned by Fiat Chrysler CEO Sergio Marchionne. Räikkönen’s car, featuring his number 7, was sold a few months ago and listed at Ferrari Beverly Hills for $699,000.
• Ferrari F12 Berlinetta: Räikkönen also owns a red Ferrari F12 Berlinetta. He shared a picture on Instagram showing his "garage cleaning," where the red F12 was visible behind his "Iceman" motorbike.

What Are Kimi Räikkönen’s Charitable Contributions?

The Finnish Formula 1 World Champion is known for his private approach to charity. He focuses on helping others without seeking attention. As he once said, "I do a lot of charity work but I never tell anybody." Here is a look at some of his charitable efforts.

• Save the Children: Kimi supported Save the Children through Alfa Romeo Racing’s partnership with the organization. In Mexico City, he joined interactive activities with local children to create positive experiences. During the global pandemic, he participated in the #SaveWithStories initiative by reading "Guess How Much I Love You" to promote literacy and comfort children during difficult times.
• COVID-19 Relief Efforts: During the COVID-19 pandemic, Kimi Räikkönen supported the FIA’s #RaceAgainstCovid auction by donating his 2017 Ferrari and 2019 Alfa Romeo racing suits. The auction proceeds were directed to the International Federation of Red Cross and Red Crescent Societies (IFRC) to aid global pandemic relief efforts.
• Charity Football Matches: Kimi Räikkönen has taken part in charity football matches with fellow F1 drivers to raise funds for causes like cancer research through organizations such as Fondazione Telethon. In May 2022, he joined the annual 'World Stars Football Match' in Monaco, supporting the "Star Team For The Children" initiative.
• Kimi Clothing Line: The Finnish F1 World Champion launched the KIMI range of merchandise in collaboration with Jesse James of West Coast Choppers. He shared that a portion of the proceeds would be donated to charity, although specific details were not disclosed.

What’s Next For Kimi Räikkönen?

While Kimi Räikkönen has not shared specific details about his post-F1 projects, he has hinted at enjoying spending quality time with his wife, Minttu, and their children, embracing life away from the demands of professional racing. Fans remain eager to see what his next chapter will bring.