Sebastian Vettel’s Salary and Net Worth April 2024

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Formula One is an internationally recognized auto-racing sport that captivates every individual due to the thrill this sport hides within. For many candidates, partaking in this aggressive sport can turn out to be a blessing in disguise and can be their walk to fame. Sebastian Vettel, a German Formula One Candidate holds the title for being the youngest Driver Champion in 2010. 

Ever since he grabbed that title, his career has witnessed ups and ups only. However, this 35-year-old driver recently announced that he would be parting ways with Formula One after 15 years of racing with them. 

Fans and critics throughout the world tend to have many questions about Sebastian’s career. These queries include Sebastian’s rise to fame, his career highlights, and his net worth. Within this article, we dive into various aspects of Sebastian’s life and break down his rise to fame, career highlights, early life, and a lot more! 

Sebastian Vettel's Net Worth April 2024

$250.000.000

Sebastian has a handsome net worth of $140 million, and he owns various properties, including a seven-million farmhouse in Switzerland. A significant chunk of his net worth amounts to his contracts with two of Formula One’s wealthiest teams – Ferrari and Redbull.

He also earns quite a handsome amount from brand endorsements and sponsorships. Sebastian is currently one of the richest F1 drivers of all time.

Sebastian Vettel’s talent has always been evident and shines right through him. From a young age, he had always shown an inclination towards racing and has managed to bag four world championships. His success may be depicted by looking at his overall net worth. 

Along with his Formula One career, Sebastian is currently a brand ambassador for various brands like Casio, Infiniti, and Pepe Jeans.

Net worth

$140 million

Salary from Alpha Romeo

$15 million

Assets

Cars, Properties, Yachts

Loans and liabilities

None
Net worth140 million
Salary from Aston Martin15 million
Investments7 million dollar farmhouse in Switzerland
Assets– a 2016 Ferrari LaFerrari
– a 2004 Ferrari Enzo
– a 1996 Ferrari F50
– a 2016 Ferrari F12tdf
– a 2015 Ferrari 458 Speciale
– a Ferrari California
– Mercedes-Benz SLS AMG
– Mercedes-Benz SL65 AMG
– Mini Countryman
– Infiniti FX
– Renault Megane RS RB8
– Fiat 500, BMW Z8 Roadster, and also a few bikes!
Loans and liabilitiesNone-

Sebastian Vettel Salary 2022

$10.000.000

After parting ways with Redbull and Ferrari, Sebastian decided to take a new path in 2021 by joining the Aston Martin F1 racing team. After his last season with the Ferarri, the F1 team ended on a rocky note, joining Aston Martin’s team turned out to be Sebastian’s career’s saving grace. Although this may have been a rekindling moment for his career, it came with a price.

When Sebastian joined the Aston Martin team, he was greeted with a massive pay cut. As per external sources, Sebastian earned approximately forty million dollars during his contract with Ferrari along with brand endorsements.

Sebastian has currently signed a two-year contract with Aston Martin. This two-year contract is worth thirty million. He earned 15 million dollars in 2021 at Aston Martin. According to sources, Sebastian is set to earn thirteen million during 2022, along with bonuses for any podium finishes. His salary excludes winning podium finish bonuses, brand endorsements, and sponsors.

Table of Contents

Watch this video to learn more about Sebastian Vettel’s net worth.

Sebastian Vettel's Endorsements

Along with playing for Aston Martin’s team, Sebastian earns a handsome amount through brand endorsements and sponsorships. Sebastian presently endorses various brands like Casio, Tirendo, Infiniti & Pepe Jeans. A brand that has stuck with Sebastian since he played with Redbull is Casio. 

The Formula One racer also recently signed an endorsement deal with BWT, which is an Austrian company that manufactures water systems. Sebastian’s endorsement with BWT is evident, as the company’s pink branding may be spotted on the racer’s car and Sebastian’s helmet. As per a figure that has been sourced from Forbes, Sebastian earns around 300,000 dollars from the endorsements we have mentioned above. 

Key takeaways

  • Sebastian Vettel began his karting career as a test driver for a team called BMW Sauber.
  • Sebastian Vettel made his debut in Formula One in 2007 at the 2007 United States Grand Prix.
  • Sebastian made his debut in Formula One for the Williams team.
  • He joined Formula One as a replacement for an injured polish driver, Robert Kubica.
  • In 2009, Sebastian was suddenly promoted to the Red Bull team where he won four consecutive titles in three years.
  • Sebastian won his first world championship during his first year with the Red Bull team. Sebastian won the world championship when he won the grand finale and is the world’s youngest racer to win a world championship.
  • This was just the beginning of a very successful path for Sebastian. In the following year, Sebastian won another world championship and was named ‘the youngest double world champion’.
  • However, as sweet as the success was, Sebastian soon faced disappointment after winning four consecutive world records. During a race in 2014, Sebastian Vettel failed to win and acquired the fifth position. 
  • Vettel soon made the tough decision of parting ways with RedBull in 2015, a company that had been the backbone of numerous titles that Sebastian had won.
  • After leaving Red Bull, Sebastian joined the Ferrari team.
  • Although Sebastian’s momentum did decline over the years, Sebastian eventually parted ways with Ferrari in 2021. 
  • Sebastian signed a long-term contract with Aston Martin.
  • However, the four-time champion, Sebastian Vettel, has decided to part ways with Formula One and will be retiring at the end of the 2022 season.
sebastian vettel net worth

Learn more about Sebastian Vettel

Considering that Sebastian Vettel has previously won four world championships and is now nearing retirement, numerous fans have displayed immense curiosity about how Sebastian Vettel developed a passion for Karting and how he walked the path to success. Within the following subheadings, we discuss every tiny aspect from early life to the four-time championship’s career highlights.

Full NameSebastian Vettel
NationalityGerman
Date of BirthJuly 3, 1987
Height1.76m
Weight62 kg
Salary$15.000.000

Now that you have learned about Sebastian’s wealth and status that came as a result of his outstanding career performances, it is time to dig a little deeper into his life.

Early Life

This four-time championship did not have his career handed to him on a platter! His success journey was the result of intense hard work, rigorous practice, and of course, boundless talent. Sebastian Vettel was born on the 3rd of July, 1987. Sebastian was conceived by Norbert and Heike Vettel in West Germany. 

Although he began racing in the kart series at the age of eight, Sebastian Vettel had always demonstrated a fascination with Karting. He dived into the karting world at the young age of three. During his childhood, he grew up idolizing various racers, which included a German Racing icon, Michael. His reckless and undying passion for witnessing success was what kept him going, and he continued to take little steps to achieve what he always dreamed of.

According to most sources, Sebastian’s passion for this sport is rooted in his family. Sebastian’s father, Nobert, was a professional karter who gifted Sebastian a kart at the young age of three as a push for Sebastian to give Karting a try. The young Sebastian mastered the ins and outs of the Karting machine in no time. 

As the years progressed, Sebastian’s enthusiasm and love for this sport only witnessed growth. Sebastian then decided to begin competing at a national level and was faced with immediate success as he won numerous competitive titles. 

As a reward for his impeccable performance, Sebastian served as a pilot of the Red Bull Junior team. The most incredible part about being in the Red Bull junior team was the fact that Sebastian was only ten years old, and had already achieved so much.

Career

Once Sebastian and his family realized the potential he hides within, there was no doubt in the fact that Sebastian was destined to pursue racing professionally. His career reached its apex when he switched from karting to car racing after winning numerous national championships. 

After witnessing a lot of success in national competitions, Sebastian was eventually awarded a permanent position on the Red Bull team. Despite being a 17-year-old teenager who was also juggling high school, Sebastian did not let anything get in his way! 

At the age of eighteen, he won 18 out of 20 races in the German Formula BMW championship. Sebastian was named the youngest world champion after joining the Red Bull team, and success had become a consistent companion of this four-time world champion.

Eventually, he became a test driver for the BMW F1 team. Sebastian played for numerous teams during the past few years, including Ferarri and Red Bull. Sebastian is currently playing for Aston Martin and announced his retirement at the end of the 2022 season.

Highlights

  • Sebastian dominated a major chunk of the 2009 F1 season, won three more races, and finished second to Jenson Button in the championship.

     

  • Sebastian Vettel earned his fifth victory of the 2010 season in the grand finale at Abu Dhabi.

     

  • Sebastian Vettel is the youngest driver to win four successive world championships, is the world’s youngest-ever champion and has written history!

     

  • Sebastian won 39 races with Red Bull, 14 races with Ferrari, and 122 podium wins.

At the age of eighteen, he won 18 out of 20 races in the German Formula BMW championship. Sebastian was named the youngest world champion after joining the Red Bull team, and success had become a consistent companion of this four-time world champion.

Favorite quotes from Sebastian Vettel

We have mentioned some famous quotes from this renowned personality below. The mentioned quotes depict Sebastian’s zeal and passion for this incredible sport

  • “I don’t care too much what happened in the past. I prefer to focus on what is coming next and I am looking forward to it”
  • “At the end of your life, it’s friendships, emotions, and thoughts that you take with you, rather than what’s in your bank account. So, even though people don’t have a lot here, they are a lot richer in many ways and we can learn from that.”
  • “There is no secret, once we go to qualifying, we all seem to enjoy it. Qualifying is all about putting everything that you have and that the car has in one lap. It’s like a rush, I enjoy that.”

What else does he own?

No possible statement could counter the fact that Sebastian Vettel has quite a handsome net worth attached to his name. With such talent and success, there’s no refuting the fact that Sebastian must own various items that are worth millions and millions of dollars.

Fans and critics both have always been curious about the various assets this champion may own. Below, we have listed a few things that Sebastian Vettel owns.

Sebastian Vettel's Car

When the question of a car collection arises, this four-time champion did not hold back. He has an impressive car collection, which is worth more than a million dollars. In comparison to other F1 racers, one may consider Sebastian’s car collection small, yet it’s nothing less than impressive!

Sebastian has displayed a liking towards cars that lean towards the vintage side, and of course the popular ones as well.Sebastian owns quite a few Ferarri cars. This may have been evident because he played for the Ferarri team for quite a while. Sebastian owns the following luxurious and expensive cars :

  •  a 2016 Ferrari LaFerrari
  •  a 2004 Ferrari Enzo
  •  a 1996 Ferrari F50
  • a 2016 Ferrari F12tdf
  • a 2015 Ferrari 458 Speciale
  •  a Ferrari California

 Along with his Ferarri cars, Sebastian also owns:

  •  Mercedes-Benz SLS AMG
  •  Mercedes-Benz SL65 AMG
  • Mini Countryman
  • Infiniti FX
  • Renault Megane RS RB8
  • Fiat 500, BMW Z8 Roadster, and also a few bikes! 

Sebastian Vettel house

Although information about Sebastian’s house is currently very limited, there’s no doubt in the fact that this champion lives a lavish life. According to sources, Sebastian owns numerous properties and lives in a $7 million farmhouse in Switzerland’s Thurgau Canton. Sebastian has always preferred staying away from the spotlight, which is why he enjoys a traditional life approach. This farmhouse is home to his car collection and bike collection.

Sebastian Vettel's boat/yacht

Despite his enormous car and bike collection, Sebastian Vettel does not own any boats or yachts under his name. However, as per a few sources, he did purchase a boat house in 2014.

Sebastian Vettel's stocks

Along with the handsome salary Sebastian earns, this player is currently sponsored and endorsed by numerous reputable brands which include Casio and many others. Sebastian Vettel also bought shares in Aston Martin and will be an investor after he retires. He stated that his belief within this team reaches great extents, so much so that he bought shares in Aston Martin.

Frequently asked questions

How much does Sebastian Vettel earn in a year?

After parting ways with Ferarri and RedBull, Sebastian decided to join the Aston Martin team. He signed a two-year contract with them and has a current salary of 15 million dollars. He earned around 40 million dollars annually during his time at Ferrari.

How rich is Sebastian Vettel?

Sebastian Vettel has an estimated net worth of 140 million dollars. He earned a hefty amount from his time at Red Bull and Ferrari and also earned winning bonuses. He also bought shares in Aston Martin and is sponsored and endorsed by major brands.

How is Sebastian Vettel so rich?

Sebastian Vettel began racing at the age of three, and since then his career has witnessed rapid growth. He has played for various leading teams, which include Ferrari and Redbull. There's no refuting the fact that he earned a fortune from playing for these incredible teams. Alongside that, Sebastian also earns a great amount via sponsorships and endorsements, and of course, his current Aston Martin contract.

Where did Sebastian Vettel get his money?

Sebastian Vettel has been an integral part of Formula One and has played for numerous renowned teams. A major part of his wealth is due to his Formula One career. He also earns a hefty amount through brand endorsements and sponsorships.

Is Sebastian Vettel a billionaire?

Sebastian may not be a billionaire, but he certainly is a multi-millionaire as he has a net worth of 140 million dollars.

Sebastian Vettel's salary compared to other Formula 1 drivers

Sebastian Vettel has made it to the list of the top-paid drivers of his time. He has a net worth of 140 million dollars tied to his name. 

Whereas Sebastian has a hefty net worth tied to his name, athletes nowadays have been earning up to 3 billion dollars annually. 

Sebastian’s annual salary also witnessed a major decline when he joined Aston Martin and is considered quite less when compared to the salaries of most athletes today. 

The following table is an in-depth breakdown of the salaries of some of the top Formula One 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

Sebastian Vettel's net worth compared to former Formula 1 drivers

Sebastian Vettel began his F1 career at the young age of seven, and currently has an estimated net worth of 140 million dollars. 

Along with the wealth he accumulated from Formula One and his days with Ferarri and Redbull, he currently earns through various passages which include sponsorships and endorsements. 

Although Sebastian’s net worth may sound like music to your ears, many of Sebastian’s peers and former F1 drivers have net worths that exceed 600 million dollars! This puts Sebastian behind.

See a list of former Formula 1 drivers net worths.

Conclusion

Sebastian Vettel is undoubtedly a Formula One legend and has achieved a lot in a short period. He possesses immense talent, which is reflected in his handsome net worth. 

Sebastian is a four-time world champion and is the youngest athlete to achieve that. 

Sebastian Vettel’s incredible era in Formula One has reached its end, but it’s indefinite that Sebastian rewrote history and his legacy is bound to live forever.

Article sources

Anton Gustafsson
Anton Gustafssonhttps://formulapedia.com
Anton is a Swedish Formula One expert and he is the co-founder of Formulapedia.com. He is a big fan of Formula 1 and he cheers for the Italian team Scuderia Ferrari. Anton has not missed a single Grand Prix since he started following F1 a few years ago.

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