Max Verstappen

Max Emilian Verstappen, better known as Max Verstappen, is one of Formula One’s most dominant drivers, who has seen his net worth soar to an estimated $200 Million as of December 2024. This substantial wealth primarily stems from his lucrative contract with Red Bull Racing, profitable brand endorsement deals, and business ventures. Verstappen's financial success is further bolstered by his investments in real estate and other ventures, reflecting his position as one of the highest-paid athletes worldwide. Let's closely examine how the Formula One driver has built such an incredible net worth.

What Is Max Verstappen’s Net Worth?

As of December 2024, Max Verstappen, one of the highest-paid Formula One drivers, has an estimated net worth of a staggering $200 Million according to the Celebrity Net Worth. 

Verstappen's substantial income is primarily derived from his position as the highest-paid driver on the Formula One grid, with an annual salary of approximately $55 Million from Red Bull Racing. In addition to his base salary, Verstappen earns significant bonuses tied to his performance, which have been reported to add up to $21 Million in a single year. 

According to Spotrac, his total earnings throughout his career amount to $245.4 Million. In 2015, at just 17 years old, Verstappen debuted in Formula 1 with Scuderia Toro Rosso, becoming the youngest driver in the sport's history. Having said that, the specific details of his initial contract remain undisclosed.

In May 2016, Verstappen was promoted to Red Bull Racing. During this period, he signed a three-year contract valued at $13.65 Million, averaging an annual salary of $4.55 Million. In 2020, Max Verstappen signed a three-year extension with Red Bull Racing, guaranteeing him a flat annual salary of $13 Million. By 2023, his earnings from Red Bull alone reached $67 Million, comprising $43 Million in base salary and $24 Million in performance bonuses. Verstappen has committed to Red Bull Racing until the end of the 2028 season, with an estimated annual salary of $55 Million, excluding bonuses. Additionally, as a resident of Monaco, he also benefits from not paying income tax on these substantial earnings.

In addition to his salary from Red Bull, Max Verstappen has other sources of income. His dedicated fanbase, known as the Orange Army, contributes to his wealth by purchasing his merchandise to show their support. Verstappen also generates income by streaming on Twitch.tv for Team RedLine, further adding to his financial portfolio. Verstappen has also invested in ventures like Verstappen.com Racing X Red Bull, aiming to encompass all facets of motorsports, from karting to sim racing, which is expected to be fully operational by 2025. Beyond these earnings, he has secured lucrative endorsement deals with top-notch brands such as Heineken and EA Sports, contributing nearly $5 Million to his annual income in 2024 as reported by Sportskeeda. According to Forbes, in 2023, his total earnings, including endorsements from brands like Heineken and EA Sports, were estimated at $80 Million whereas in 2024, he topped the list of F1's highest-paid driver on the track, with estimated 2024 earnings of $75 million

What is Max Verstappen’s Claim to Fame?

Max Verstappen's claim to fame is being one of the most dominant and youngest talents in Formula One history. Known for his aggressive driving style and remarkable consistency, Verstappen is a key figure in modern motorsport. Let's have a close look at his career milestones that highlight Verstappen’s meteoric rise and enduring impact on Formula One.

• Youngest-ever Formula One driver (2015)- Max Verstappen made his Formula One debut at the 2015 Australian Grand Prix for Scuderia Toro Rosso, now known as AlphaTauri, at the age of 17 years and 166 days. This made him the youngest driver in F1 history, breaking the previous record set by Danica Patrick. This debut marked the beginning of a bright career that would quickly captivate the motorsport world.
• Youngest F1 Race Winner (2016)- Max Verstappen made a dramatic entrance into the record books at the 2016 Spanish Grand Prix. After being promoted to Red Bull Racing for the race, replacing Daniil Kvyat, he secured his first-ever Formula One victory. At just 18 years and 228 days old, Verstappen became the youngest driver to win a Formula 1 race, surpassing the previous record set by Sebastian Vettel. His victory was even more impressive as it came after a dramatic first-lap collision between the Mercedes drivers, Lewis Hamilton and Nico Rosberg.
• Move to Red Bull- Max Verstappen's move to Red Bull Racing in 2016 was a pivotal moment in his Formula 1 career. After debuting with Scuderia Toro Rosso in 2015 as the youngest driver in Formula One history, his raw talent and impressive performances caught the attention of Red Bull's senior team. In May 2016, he was promoted mid-season to replace Daniil Kvyat after just four races. Verstappen immediately proved his worth, winning the Spanish Grand Prix on his Red Bull debut and becoming the youngest driver to win a Formula One race.
• First World Championship (2021)- After a thrilling season-long battle with seven-time world champion Lewis Hamilton, Max Verstappen’s first Formula One World Championship came in 2021. The rivalry culminated in a controversial and highly charged final race at the Abu Dhabi Grand Prix, where Verstappen secured the title after a late-race safety car incident led to a restart with one lap remaining. Verstappen, who was trailing Hamilton, overtook him on the final lap to win the race and clinch his first championship, becoming the first Dutch driver to win an F1 title. The race was marred by a highly debated decision by the race director, which has since been a topic of discussion in F1.
• Back-to-Back Titles (2022 and 2023)- Max Verstappen's 2022 season was nothing short of dominant. At the 2022 Japanese Grand Prix, Verstappen won his second World Drivers' Championship. He won a record 15 Grand Prix races in a single season, breaking the previous record of 13 wins held by Michael Schumacher and Sebastian Vettel. In 2023, Verstappen continued his dominance, securing his third consecutive World Championship title. He won 10 races in a row that season, further cementing his status as one of the best drivers in the history of the sport.
• Formula 1 World Championship title (2024)- Max Verstappen secured his fourth consecutive Formula 1 World Championship title in 2024, joining the ranks of legends like Alain Prost and Sebastian Vettel. Despite facing challenges from drivers like McLaren's Oscar Piastri and Lando Norris, Verstappen held onto his championship lead. He clinched the title with a fifth-place finish at the Las Vegas Grand Prix, even as Mercedes drivers George Russell and Lewis Hamilton took the top spots. His 2024 season highlighted his resilience, showcasing his ability to maintain dominance even when his car was less dominant.

What Businesses does Max Verstappen own?

The Formula One racer Max Verstappen earns a significant amount of his wealth through his various business ventures and investments. Let's take a look at some of the most impressive details of Verstappen's business ventures and investments.

• Verstappen.com Racing- Max Verstappen founded Verstappen.com Racing in 2022 as an initiative to support and promote motorsport talent across various disciplines. Initially collaborating with Team Redline in sim racing, Verstappen.com Racing has expanded into real-world motorsport. Verstappen has expressed ambitions to establish a GT3 racing team, aiming to field at least two cars by 2025. In preparation, he tested a Ferrari 296 GT3 with Emil Frey Racing, indicating a hands-on approach to his team's development.
• Max Verstappen Merchandise- Max Verstappen offers a wide range of merchandise through his official website, Verstappen.com. The collection includes clothing, accessories, and memorabilia tailored for fans, featuring his iconic logo and Red Bull Racing branding. The items range from T-shirts, caps, and jackets to unique collectibles and gifts. The merchandise reflects Verstappen's personality and racing achievements, allowing fans to showcase their support.

What Brands Does Max Verstappen Endorse?

Formula One star Max Verstappen earns a significant amount of his impressive wealth through various profitable brand endorsement deals and partnerships. The brands endorsed by the renowned Formula 1 driver include-

• Jumbo- Jumbo is a Dutch supermarket chain and one of Verstappen's earliest sponsors. They have supported him throughout his rise in Formula 1. The company uses Verstappen in marketing campaigns to strengthen its brand image in the Netherlands. However, it has been announced that Jumbo will end its sponsorship deal with Verstappen after the 2025 season.
• EA Sports- Max Verstappen is a global brand ambassador for EA Sports, which includes branding on his helmets during select Formula 1 races. This partnership also involves collaborations for exclusive in-game content for the F1 franchise, further enhancing the gaming experience for F1 fans.
• Oracle Red Bull Racing- Max Verstappen is widely regarded as the poster boy of Red Bull Racing, a role he has earned through his extraordinary success with the team. Verstappen joined Red Bull in 2016 and made an immediate impact by winning the Spanish Grand Prix on his debut with the team, becoming the youngest-ever race winner in Formula 1 history. Red Bull has also heavily invested in Verstappen's career, making him one of the highest-paid drivers in F1 with lucrative contracts and bonuses.
• Red Bull- Max Verstappen’s association with Red Bull extends beyond his role as their star Formula 1 driver; he is a key ambassador for the brand’s global marketing efforts. He is featured prominently in their advertising campaigns, social media content, and extreme sports events, further enhancing the brand’s adventurous image. His helmet and race gear carry the iconic Red Bull logo, while Verstappen-branded merchandise co-produced by Red Bull appeals to fans worldwide.
• Viaplay- In 2022, Viaplay, a Nordic streaming service, sponsors Verstappen as part of its efforts to expand into motorsport broadcasting. The company uses Verstappen's popularity to promote its Formula 1 coverage across Europe.
• Heineken N.V- In February 2023, Max Verstappen became a global ambassador for Heineken's 0.0 non-alcoholic beer, promoting responsible consumption through the "When You Drive, Never Drink" campaign. In this role, he actively participates in initiatives like Player 0.0, a virtual racing experience designed to engage fans and emphasize the importance of skill and responsibility in both gaming and real-world contexts.
• G-Star RAW- In February 2019, Max Verstappen teamed up with G-Star RAW, a Dutch clothing brand, to launch the ‘MAX RAW’ clothing collection. The clothing line incorporates Verstappen's racing heritage into fashionable designs, appealing to both his fans and a wider audience. This partnership reflects Verstappen’s ability to influence not only motorsport but also the world of fashion.

How does Max Verstappen spend his Millions?

Max Verstappen spends his millions on a luxurious lifestyle that includes a collection of high-end cars, a private jet, and real estate investments. According to Forbes, Verstappen reportedly owns five real-estate properties, eleven cars, and three luxury yachts. He owns a SimRacer worth $10,000 tens and a Falcon-900EX private jet, valued at around $16 Million, which costs over $1 Million annually to maintain. Verstappen is also known for his passion for cars, owning several rare and expensive models, including a custom-built Aston Martin and a Porsche 911. Additionally, he has invested in properties, including a multimillion-dollar mansion in Monaco, where he enjoys tax benefits. Despite his wealth, Verstappen is known to be relatively private and enjoys a down-to-earth lifestyle when off the track, frequently spending time with family and friends.

Max Verstappen’s Real Estate Portfolio

Similar to many Formula 1 drivers, Max Verstappen calls the luxurious principality of Monaco his residence. Let's have a look at some of the most impressive details of the Formula One racer’s luxurious residence.

• Luxurious Flat in Monaco- Despite Verstappen's recent salary hike, he is yet to buy a property and instead rents a $16 Million flat in the exclusive La Rousse district of Monaco, overlooking the Mediterranean Sea. This is a highly desirable location, as it is close to the Formula One circuit and offers stunning views of the coastline. Verstappen's flat is a large property, with six bedrooms, seven bathrooms, and a total living area of more than 10,000 square feet. The mansion is also equipped with a number of luxury amenities, including a swimming pool, a large balcony, a gym, a home cinema, and a wine cellar.

Vehicles Owned By Max Verstappen Over The Years

Max Verstappen's impressive car collection is valued at approximately $6 Million as per Carbuzz. Here’s a closer look at the F1 star's extraordinary garage-

• Porsche 911 GT3 RS- Max Verstappen has a Porsche 911 GT3 RS in his car garage. The car was reportedly purchased for $400,000 after Verstappen's maiden F1 victory. He was also often spotted driving the car.
• Aston Martin DB11- Max Verstappen has an Aston Martin DB11 in his collection of cars. The vehicle is a $200,000 road version of James Bond’s car from Spectre, featuring orange stitching to represent Verstappen's Dutch cultural heritage.
• Aston Martin DBS Superleggera- Max Verstappen has a high-performance model of Aston Martin DBS Superleggera in his collection of cars. The vehicle is worth approximately $360,000. In 2020, Verstappen put the car up for sale. The dealer Severijin then said, “We always have customers who are looking for something special. Certainly for an opportunity like this.”
• Aston Martin Valkyrie Hypercar- The centerpiece of Verstappen's car collection is an Aston Martin Valkyrie Hypercar, valued at around $2.7 Million. The car was created in collaboration with Red Bull. In February 2020, Verstappen and fellow Formula 1 driver Alex Albon test-drove the Aston Martin Valkyrie at Silverstone Circuit. The two drivers were the first to test the VP1 prototype, which was liveried in a Red Bull-inspired design. In August 2023, Verstappen was caught speeding in his Aston Martin Valkyrie on the A8 in France. A video of the incident showed Verstappen driving through the Canta-Galet tunnel at 124 km/h (77 mph), which is over the speed limit. Monaco authorities are investigating the incident and Verstappen may face a speeding fine. Verstappen and fellow F1 driver Fernando Alonso both own an Aston Martin Valkyrie.

Other Vehicles-

• Private Jet- Max Verstappen owns a Falcon-900EX private jet, reportedly purchased from Richard Branson in November 2020 for about $16 Million. The jet features Honeywell engines, and a bar, and costs around $1.25 Million annually to maintain. The aircraft is registered PH-DTF and operated by Exxaero. It's worth noting that in 2024, Max Verstappen and Fernando Alonso stand as the sole Formula One driver with private jets.

Apart from the cars mentioned above, Max Verstappen is also reportedly to have a Ferrari 488 Pista, a Ferrari Monza SP2, a 2018 Aston Martin Vantage and a Mercedes-Benz C63 S AMG in his exotic collection of cars.

What Are Max Verstappen Charitable Contributions?

Max Verstappen's charitable contributions are numerous, reflecting his commitment to philanthropy and social causes. Let's take a look at the Formula One racer's most significant philanthropy and charity works.

• Verstappen Auctioned off his race-winning suit- Max Verstappen recently auctioned off his race-winning suit from the 2023 Canadian Grand Prix, with all proceeds set to benefit the charitable organization Wings for Life. Wings for Life is a foundation dedicated to funding spinal cord injury research, aiming to find a cure for paralysis. The auctioned suit, worn during Verstappen's victory in Canada, was a special piece of memorabilia for his fans and a meaningful way to support a philanthropic cause.
• $250,000 Charity Pledge- In December 2024, Max Verstappen secured his fourth consecutive Formula 1 World Championship title, prompting Formula E CEO Jeff Dodds to fulfill a $250,000 charity pledge he had made earlier in the season. Dodds had bet on Verstappen not winning the title, highlighting the perceived dominance of Red Bull in F1. Following Verstappen's victory, Dodds honored his commitment by suggesting they split the donation. Verstappen directed his share to Wings for Life, a spinal cord research foundation.
• Fundraiser for the flood victims- In 2024, Max Verstappen organized a sim racing fundraiser to raise money for the victims of the devastating floods in Emilia Romagna, Italy. The event brought together professional and amateur sim racers, including Verstappen himself, to participate in virtual racing competitions. The fundraiser successfully raised significant funds, which were donated to relief efforts to support the affected communities in Emilia Romagna.

What’s Next For Max Verstappen?

Max Verstappen has hinted at an exciting future beyond Formula 1, with a strong interest in endurance racing, particularly the iconic 24 Hours of Le Mans. While he remains committed to his dominant F1 career with Red Bull Racing, Verstappen has expressed his intention to explore other motorsport disciplines once his time in F1 ends. He is already planning for the future through his venture, Verstappen.com Racing, with ambitions to establish a GT3 team by 2025. His passion for sim racing and collaborations with Team Redline also underline his broader engagement with motorsport. For now, Verstappen remains focused on his F1 success, but his vision for a diverse and impactful career beyond the sport signals an exciting new chapter ahead.