Max Verstappen’s Salary and Net Worth March 2024

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If you’re a motorsport fan, you probably know about Max Verstappen, one of the highest paid athletes in the world. 

Max Verstappen’s net worth is incredible and so is also his salary from Red Bull Racing.

Max Emilian Verstappen has encaptivated the hearts of motorsport fans with his incredible driving skills and fire-like charisma. Earlier this year, he was also trending on the internet for his captivating looks and bewitching charms.

Verstappen was born to Dutchman Jos Verstappen, a former F1 driver, and Belgian Sophie Kumpen, a former kart racer on 30th September 1997.

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Max Verstappen net worth 2024

$200.000.000

Max Verstappen’s net worth is estimated to be $200.000.000. According to Forbes, he is 26th on the list of highest-paid athletes on the planet.

Forbes also says Red Bull pays him a whopping amount of $55 million per year. This is excluding his sponsorships from G-Star, Raw, Jumbo Supermarkets, CarNext.com, and Ziggo. Puma, Aston Martin, Tag Heuer, Mobil Oracle, and Alpha Tauri are also some companies Max has been known to make a deal with. Although, the precise income is unknown.

 

Max Verstappen’s financials

Net Worth$200.000.000
Salary from Red Bull$55.000.000
Investments
  • IBM
  • Apple
  • Amazon
  • Visa
  • Netflix
  • 3M

Estimated to be a value of at lest $55 million

Assets
  • Gand mansion in Monaco ($40 million)
  • Buggati Chiron ($3 million)
  • Lamborghini Aventador ($1 million)
  • Mercedes Benz AMG ($1 million)
  • Bombardier Challanger 3500 ($40 million)
  • Falcon-900 EX Jet
  • Jaguar Type-F

Max Verstappen salary 2024

$55.000.000

Max Verstappen’s current salary is $55,000,000. Recently this year, Max Verstappen signed a big contract with Red Bull to remain with the team till 2028.

He’s also expected to earn an additional $5 million for every F1 title he attains during the contract. Yearly bonuses and sponsorships add to his income by $6 million.

Table of Contents

Watch this video to understand Max Verstappen’s net worth.

Max Verstappen Endorsements

  • G-Star. The young athlete has been known to endorse brands such as G-Star. He collaborated with the brand for their MAX RAW (Max Verstappen x G-Star Raw Collection) in 2019.

  • Jumbo. In 2019, Max was endorsed by Dutch Supermarket Jumbo. It is the largest supermarket chain in the Netherlands. A 2-day racing event was held which gave fans the opportunity to watch the Dutch star race on his home track.

  • CarNext.com. In 2019, CarNext.com made a deal to sponsor Max Verstappen. The label can be visible on the front of his helmet and his cap.

  • Ziggo. In 2020, Ziggo featured in a three-part documentary about the life of the young talent. The documentary was titled “Max Verstappen: Whatever It Takes.”

  • Puma. Puma is the official supplier of the Red Bull Racing Honda Team. They released a special edition race boot to pay homage to Max Verstappen’s big win. 

  • Max is also sponsored by Tag Heuer, Oracle Red Bull Racing, and Alpha Tauri.

Key takeaways

  • Max’s net worth is estimated to be around $200 million.
  • He earned a yearly salary via Red Bull of $25-43 million in 2021.  
  • In 2022, he signed a new contract with Red Bull for $53 million per annum plus $5 million for every F1 title he wins. 
  • Verstappen is endorsed by G-Star, Raw, Ziggo, CarNext.com, Puma, Tag Heuer, and many more brands.
Max Verstappen salary net worth

If you want to know more about Max Verstappen, read our article: 50 interesting things about Max Verstappen.

Learn more about Max Verstappen

Full NameMax Emilian Verstappen
NationalityBelgian/Dutch
Date of Birth30th September 1997
Height5.11 ft
Weight72 kg
Salary$55m
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Now that we’ve discussed a little about what Max Verstappen earns, let’s take a look at his career, early life, and some moments that made him one of the most successful Formula 1 race car drivers of this era. 

Max Verstappen’s Early Life

Max Verstappen, full name Max Emilian Verstappen, was born on 30th September 1997 in Hasselt, Belgium. Max also has a younger sister named Victoria Verstappen.  

As a child, Max was already interested in motorsports through his father, Jos Verstappen, and his mother, Sophie Kumpen. His father, a dutch, was a Formula One Driver. His mother was a professional karter.

Max was born in Belgium but plays professionally under the Dutch Flag. The most fascinating fact about the young athlete is that he started racing professionally as a Formula One Driver before even getting his driver’s license.

Max Verstappen’s Career

Max’s earliest win can be dated back to the Mini Junior Championship in Belgium. In 2007, he won both the Junior Belgium Championship and Dutch Minimax Championship.

In 2009, he won another junior league after joining Pex Racing. This league was called Flemish Minimax Championship. In the same year, he also won another junior league called Belgian KF5 Championship.

Verstappen started his professional career in international karting. In 2010, he was signed by CRG to compete at The World and European Kart Championships. He won both these championships.

In 2011, he won both the WSK Master Series and WSK Euro Series in the KF2 Class. At the end of 2013, aged 15, he had won 2 European titles and 2 World titles.

In 2014, Max joined the Red Bull Junior Team.  His Formula One Racing Career started at the age of 17. But unfortunately, in his first competitive race or debut at the Grand Prix, he had to retire due to an engine failure.

In his next race, however, he received three titles. Rookie of the Year, Action of the Year, and Personality of the Year.

In 2016, he officially joined the Red Bull Racing Team. He took part in 8 races and in 6 of them, Max finished in the top five. Later that year he became the youngest ever driver to win the Formula One Grand Prix.

In the following year, he beat the three times world champion, Lewis Hamilton, at the Malaysian Grand Prix.

In 2022, Max Verstappen won the Belgian F1 Grand Prix. Max has won 10 titles with 7 pole position wins and 11 titles with 3 pole position wins.

From 2016 to 2022, Max has won 31 titles with 12 wins from pole positions for the Red Bull Racing Team.

What else does Max Verstappen own?

Cars

Max Verstappen, as a Formula One Racing Driver is also a car enthusiast and thus he has a lot of expensive and luxurious cars in his garage. These cars include: 

  1. Aston Martin DB11
  2. Aston Martin Vantage 
  3. Aston Martin DBS Superleggera
  4. Aston Martin Valkyrie 
  5. Ferrari Monza SP2 
  6. Ferrari 488 Pista 
  7. Renault Sport R.S.01
  8. Porsche 911 GT3 RS
  9. Mercedes-Benz C63 S AMG

Houses

Max has luxurious houses. These include: 

  1. Penthouse Apartment in Monte Carlo
  2. Grand Mansion in Monaco

Boats

Max also spends his vacations on his 120-foot superyacht named Bagheera.

Jets/Planes

Verstappen travels privately through his private jets and planes. These include: 

  1. Bombardier Challenger 3500
  2. Falcon-900EX

I always try to get the best result out of it, I'm not there to just sit second or sit third. I'm a winner, and I want to win every single race, and I will always go for it.

Favorite Quotes from Max Verstappen

“I always try to get the best result out of it, I’m not there to just sit second or sit third. I’m a winner, and I want to win every single race, and I will always go for it.”

The quote captures the essence of Max’s life. Although he got off to a shaky start and had to retire due to reasons beyond his control, he didn’t give up. The athlete always aimed for the top and this mentality won him races. 

“Of course, you learn from certain moments, and you always get more and more experience, so maybe in the future you will do some different things, but in general, the basics always stay the same.”

Max encourages his fans to learn from their mistakes rather than just sulking about their loss. With loss comes experience and we need to utilize that experience to do better in the future

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Frequently asked questions

How much does Max Verstappen earn in a year?

Max Verstappen’s current salary is estimated to be $55 million dollars per year. But he also earns from his sponsorship, endorsements, and other deals with brands.

How rich is Max Verstappen?

Max Verstappen’s net worth is estimated to be $200 million. He earns an yearly salary of $55 million plus other sponsorships that pay well. Apart from this he has many valuable assets that add to his riches.

How is Max Verstappen so rich?

Max Verstappen is a professional Formula One race car driver. He also has many sponsorships and he also models for a few brands.

Where did Max Verstappen get his money?

Max’s primary income is through racing. He competes in championships under the Red Bulls Racing Team. Apart from this he also has deals with many big companies.

Is Max Verstappen a billionaire?

Max is rumored to be the first Formula One Billionaire. With his high pay he might even be a billionaire but the details are not public yet.

Max Verstappen's Salary and Net worth compared to other Formula 1 Drivers:

The F1 billion-dollar car racer has been ranked 17 by Forbes on the 2022 list of the World’s Highest-Paid Athletes. Compare Verstappen’s salary to other Formula 1 drivers.

#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

Max Verstappen is a professional Formula 1 race car driver. He competes under the Red Bull Racing Team. He is the son of Jos Verstappen and Sophie Kumpen. Both are former professional race car and kart drivers. Max Verstappen is the youngest driver (age of 17) to win the Formula One Grand Prix. This year, he beat Lewis Hamilton and won the Belgium Grand Prix.

His net worth is estimated to be more than $200 million. Max currently earns a salary of $25-42 million plus additional bonuses from his racing team. He has prolonged his contract with his current team to stay for an additional 7 years. He will now be paid $53 million per annum.

The young Grand Prix winner is endorsed by many Dutch-based brands such as G-Star, RAW, Jumbo Supermarkets, CarNext.com, and Ziggo. Other brands include Puma, Tag Heuer, and Alpha Tauri. He has many assets including four different types of Martin Astons and other sports cars. He also has a plane and a yacht. Max lives in his Grand Mansion in Monaco.

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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