George Russell’s Salary and Net Worth March 2024

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George Russell is a young British driver who drives for the Mercedes-AMG Petronas team in Formula One. He has a lot of potentials. “Mr. Saturday” is a FIA Formula 2 Champion and has also won the 2017 GP3 Series and the 2018 FIA Formula 3 European Championship. In September 2022, Russell’s salary and net worth were estimated to be $16 million US dollars, equal to £14.59 UK pounds. He earns a million from Mercedes. Here’s a look at his wealth and how he’s earned it.

George Russell net worth 2024

$16.000.000

According to reports, Russell’s salary is $8 million per year, and his net worth is estimated to be $16 million. If he were to win the championship, he would receive a bonus of $3 million. Most of his money has come from Formula One, but he has also made a lot of money from endorsements and other types of racing.

 

George Russell’s financials

Net Worth$16.000.000
Salary from Mercedes$8.000.000
InvestmentsSim racing, $10.000
Assets$7.000.000

George Russell's salary 2024

$8.000.000

George Russell’s salary from Mercedes-AMG Petronas (Team) is $8 million. He replaced Valtteri Bottas at the start of the season and teamed up with seven-time world driver’s champion Lewis Hamilton. He is currently in fourth place, but he will get a three-million-dollar bonus if he wins the championship.

Table of Contents

Watch this video to understand George Russell’s net worth, salary and lifestyle.

George Russell's Endorsements

George Russell is an up-and-coming talent in Formula One. His first season with the Williams team has been very successful, and he has already garnered support from some big-name brands. Mercedes-AMG Petronas, Puma, Bell Helmets, BRDC, Alpinestars, and MDM Designs all have their eye on Russell as a potential spokesperson for their products. Each brand will be looking to capitalize on its success to advertise to Formula One fans worldwide.

  • AMG

AMG, the performance division of Mercedes-Benz, is one of his major backers.

  • BRDC

The BRDC has supported him since he began racing in the UK, and they will continue to do so as he advances in Formula One.

  • Bell Helmets

He was signed by Bell Helmets when he graduated from GP3 to FIA Formula 2 in 2018 as part of its sponsorship agreement with his Formula 2 team, ART Racing.

  • Alpinestars

Alpinestars has been sponsoring Russell since his F1 debut in 2019.

  • MDM Designs

MDM Designs has worked with Russell since 2012 and is responsible for his website and helmet designs.

  • Puma

Puma is an excellent choice for Russell. They provide him with his official gym training gear and have been with him since his early karting days and GP3.

  • While with Williams, Russell had several sponsors, including Acronis, OMP Racing, and Maisy Kay.

Key takeaways

  • Russell made his Formula One debut at the 2019 Australian Grand Prix, driving for the Williams team.
  • He currently races for the Mercedes AMG Petronas F1 team. Before Formula One, Russell won championships in Formula 2, GP3, and Formula 3.
  • He also won the prestigious McLaren Autosport BRDC Award in 2013.
  • Russell’s first taste of Formula One came in 2017 when he took part in the Brazilian Grand Prix for Force India.
  • The Belgian Grand Prix of 2021 marked Russell’s first podium finish in F1 with Williams.
  • Russell began karting at 7 and achieved success two years later. MSA British and British Open Champion in 2009, followed it up with another championship in 2010 using a Rotax Mini Max kart.
  • Russell’s best result came at the 2022 F1 Dutch Grand Prix, where he finished at P2 behind Verstappen.
  • In 2017, he joined the Mercedes Young Driver program.
  • He finished in 11th place in qualifying for the Styrian Grand Prix, earning him the nickname “Mr. Saturday”.
george russell net worth

Interested in learning more about George? Read our article: 50 fun facts about George Russell.

Learn more about George Russell

Full NameGeorge Russell
NationalityBritish
Date of BirthFebruary 15th, 1998
Height5ft 8in
Weight68 kg
Salary$8 m

George Russell is a 24-year-old British racing driver who competes in Formula One for the Mercedes-AMG Petronas team. He is one of the sport’s rising stars, and his lucrative contract with Mercedes has already helped him make a lot of money.

He has a net worth of $16 million. Russell is still only 24 years old, and he has already established himself as one of the best drivers in Formula One. With his talent and drive, there is no doubt that he will continue to win more championships in the years to come.

Personal Info

George Russell is a Scorpio, which means he is passionate and intense. Jude Law is his favorite actor. Michael Schumacher is George’s biggest inspiration, and his favorite color is white. McLaren is George’s favorite car brand. His pet names are Cuddle and Russy. His favorite sport is football. Ed Sheeran is George’s favorite music artist. Ireland is one of his favorite holiday destinations.

Family

George Russell’s family owns and operates medium-sized businesses that deal in beans and peas, as well as sizable ancestral properties. His father is Steve, while his mother, Alison, avoids the spotlight and media attention. Therefore, there is not much information about them. George’s siblings include an older brother named Benjy and a younger sister named Cara.

Relationship

The 24-year-old is currently dating Carmen Montero Mundt, who works at an investment firm in the UK. The couple has been together for almost two years now and seems very happy.

Carmen has a graduate degree in business management and finance. She works at an investment firm in the UK, which is where she met George. He had previously been dating Seychelle de Vries. One of Williams’ behind-the-scenes recordings from the race weekend included the two couples.

Hobby

George Russell is not only a talented race car driver but also an avid cyclist. He began cycling as a way to stay fit and mentally sharp for racing but eventually came to enjoy it as his activity. He owns some high-end bikes, including a black Specialized Venge Pro and a limited edition F1-inspired bike with Pirelli tires and a handmade saddle. George Russell is a well-rounded athlete and an all-around great guy.

Early life

George Russell was born in 1998 in King’s Lynn, Norfolk, England. George attended Wisbech Grammar School for his education. In 2006, he started racing in karts. In 2011 and 2012, he won the CIK-FIA KF3 European Championship, which let the motorsport world know he had arrived. In 2014, he won the McLaren Autosport BRDC Young Driver of the Year Award and the BRDC Formula 4 Championship.

In 2015 and 2016, Russell competed in the FIA Formula 3 European Championship, finishing 5th and 3rd, respectively. He also tested for the Mercedes AMG Petronas F1 Team in 2016 and 2017.

Russell made his Formula One debut with Williams Racing at the 2019 Australian Grand Prix. At the 2019 Azerbaijan Grand Prix, he earned his first World Championship point and finished a career-best sixth at the 2019 Sakhir Grand Prix. Russell currently drives for the Mercedes AMG Petronas F1 Team.

Career

Karting Career

George Russell’s karting career began in 2006 when he competed in the Kartmasters British Grand Prix in the WTP Cadet class. He finished 6th overall. The following year, he improved to 4th place in the same event.

In 2008, Russell won the Kartmasters British Grand Prix in the Comer Cadet class and finished 4th in the WTP Cadet class. He also competed in the BRDC Stars of Tomorrow MSA British Championship, finishing 16th overall. 

The following year, Russell moved to the Mini Max class and won the Formula Kart Stars championship. In this category, he also won the Kartmasters British Grand Prix and Super 1 National Championship titles.

In 2011, Russell moved up again to compete in KF3 category cars. He had a successful season, finishing 7th in the Super 1 National Championship.

Formula Renault 2.0 Career

In 2013, George Russell started racing when he joined Lanan Racing and participated in the BRDC Formula 4 Championship. He scored 24 podium finishes from 30 starts, winning the title with 483 points.

Russell moved up to Formula Renault 2.0 in 2014 and raced in both the Alps and the Eurocup series. He finished 4th in the Alps championship with Koiranen GP, taking a single podium finish.

In the Eurocup, he contested two races with Tech 1 Racing; he took the pole position and won both races, but was ineligible to score points as he was only a guest driver.

Formula 3 Career

Russell started his single-seater racing career in the 2015 FIA Formula 3 European Championship with Carlin, finishing sixth in the standings. He also competed in that year’s Masters of Formula 3 event, finishing second.

In 2016, Russell switched to HitechGP and finished third in the FIA Formula 3 European Championship standings. He also finished seventh in that year’s Macau Grand Prix.

Russell made the move to GP3 in 2017, joining ART Grand Prix. He went on to win the championship title, winning five races along the way.

In 2018, we saw Russell step up to Formula 2 with the ART Grand Prix. He had a successful season, winning six races and taking the championship title.

Formula 1 Career

George Russell’s Formula 1 career has been one of ups and downs. He made his debut in 2019 with Williams, but the team struggled throughout the season, and he failed to score a point. In 2020, he remained with Williams, but the team again had a difficult year, and he could only manage 16th place in the standings. 

In 2021, he moved to Mercedes and took over for Lewis Hamilton in one race when Hamilton tested positive for COVID-19. This resulted in a podium finish, but unfortunately, he could not and finished the season 15th overall. 

2022 could be a much better year for Russell, as he will be racing for Mercedes full-time alongside world champion Hamilton. With a better car behind him, Russell should be able to get more points and move up in the standings.

Favorite Quotes from George Russell

“If in doubt, go flat out”.

“There’s so much hard work going on back at base to try and get us back at the front so to be standing on the podium today is special a reward for all their hard work.”

“We’re never going to give up, we’ve got to keep on fighting.”

“I am not here to keep driving but to race.”

“Yes, I want to be a world champion. And I will maybe not immediately, but I will”

“I can beat the Lando of 2020 today, in 2022 I will be good enough to beat Lando of 2021.”

“Rains make things exciting.”

“I am a typical British boy with big dreams.”

What else does he own?

George Russell is a young and upcoming British racing driver who has been making waves in the Formula One scene in recent years. He is one of the best drivers on the grid and is currently signed with the Williams Martini Racing team.

However, Russell lives a very different life from most other drivers off the track. Unlike many of his rivals from wealthy backgrounds, Russell is very much a self-made man.

George Russell's Cars

Despite being a Mercedes driver George Russell is a huge fan of McLaren and Ferrari. Here are some of the cars that George Russell has in his collection:

George Russel Cars 
Mercedes-Benz AMG GT$1.000.000
McLaren GT$800,000
BMW X6$180,000
Bentley Bentayga$815,000

George Russell's Houses

George Russell is a world-renowned businessman who is currently living in a lavish flat in London. He is planning to move to the luxurious city of Monaco once he can. The monthly rent for his apartment costs around $3,500.

George Russell's Watches

George Russell has an impressive collection of watches. Russell’s love for watches is evident in the way he carefully selects each piece for his collection. He takes into consideration not only the aesthetics but also the technical aspects of each watch.

The result is a collection that is both stylish and functional, with each watch serving a different purpose for Russell. From everyday wear to special occasions, Russell has a watch for every situation.

The following are some of the most expensive watches he owns: 

Blancpain$300.000
F.P Journe$120.000
Breguet & Fils$365.000
Hublot$600.000
Patek Philippe$250.000

George Russell stocks

The young Brit made his debut in 2019 with Williams, and his mature and consistent driving style made an impression right away. Even though he was on a back-of-the-pack team in 2020, he kept doing well and got a promotion to Mercedes for 2021. Russell remains one of the most highly-rated drivers heading into the 2022 season. His promotion to Mercedes is indicative of their faith in him as a driver, and he will certainly be one to watch in the coming years.

Frequently asked questions

How much does George Russell earn in a year?

George Russell earns $8 million per year from his team.

How rich is George Russell?

The estimated net worth of George Russell is 16.000.000 dollars.

How is George Russell so rich?

George Russell’s riches come from his yearly salary as an F1 driver, endorsement deals, and inherited property/money.

Where did George Russell get his money?

Most of George Russell’s wealth comes from his driving salary and endorsements, with a smaller portion coming from ancestral properties or money.

Is George Russell a billionaire?

No, George Russell is not currently a billionaire.

George Russell's salary and net worth compared to other Formula 1 drivers

George Russell’s salary and net worth compared to other Formula 1 drivers – George Russell is at No. 8 according to Formulapedia, with a $8 million salary along with Pierre Gasly and Esteban Ocon. Lewis Hamilton is on top with a $40 million salary. Check out the list of other F1 drivers’ salaries here:

#Read more about the drivers salary and net worthTeamSalary (USD $)Salary (EUR €)
1Max VerstappenRed Bull$55m€51.67m
2Lewis HamiltonMercedes$35m€32.88m
3Charles LeclercFerrari$24m€22.5m
4Lando NorrisMcLaren$20m€19m
5Carlos SainzFerrari$12m€11.27m
6Sergio PerezRed Bull$10m€9.39m
-Valtteri BottasAlfa Romeo$10m€9.39m
8George RussellMercedes$8m€7.5m
9Esteban OconAlpine$6m€5.63m
10Fernando AlonsoAston Martin$5m€4.69m
-Pierre GaslyAlpine$5m€4.69m
-Kevin MagnussenHaas$5m€4.69m
13Alex AlbonWilliams$3m€2.8m
14Lance StrollAston Martin$2m€1.9m
-Nico HulkenbergHaas$2m€1.9m
-Oscar PiastriMcLaren$2m€1.9m
-Nyck De VriesAlphaTauri$2m€1.9m
-Zhou GuanyuAlfa Romeo$2m€1.9m
19Logan SargeantWilliams$1m€950,00
-Yuki TsunodaAlphaTauri$1m€950,00

Conclusion

George Russell is an English racing driver who, as of the 2019 Formula One World Championship, is driving for the Mercedes-AMG Petronas team. His shirt number is 63. He made his debut in the 2019 Australian Grand Prix. According to estimations, George Russell has a net worth of $16 million, with an annual salary of around $5 million. So far, he has been an excellent ambassador for his sponsors, always appearing smart and professional in media appearances while demonstrating a clear passion for racing.

Article sources

Lisette Holm
Lisette Holm
Lisette Holm is a Formula 1 expert who has not missed a single Grand Prix in the last 4 years. She is one of the founders and her job at Formulapedia.com is to educate others who are interested in F1 in order to raise their level of knowledge. Lisette cheers on Mercedes AMG-Petronas.

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