Sergio Perez’s salary and net worth March 2024

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From racing karts at a young age to making it all the way to Formula One, Sergio Perez’s story is one of dedication and success. The Mexican driver has become one of the sport’s most popular figures, and his performances on the track have earned him a place among the world’s elite. He’s currently racing for Red Bull racing and is unstoppable whereve he goes.

But what is Sergio Perez’s salary and net worth? How does he make his money? In this article, we’ll take a look at the Sergio Perez salary and net worth, and explain how he’s amassed such wealth.

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Sergio Perez's net worth 2024

$75,000,000

As of October 2022, Sergio Perez has an estimated net worth of $75 million. This puts him among the richest athletes in the world, and it’s a testament to his successful career in Formula One.

 

Sergio Perez’s financials

Net Worth$75.000.000
Salary from Red Bull$10.000.000
Investments
  • The Checo Perez Foundation
  • Kavak
  • Stocks
Assets

$14,000,000

Sergio Perez's salary 2024

$10.000.000

Sergio Perez’s salary from Red Bull is $10 million. He joined the team for the 2021 season and received an extension which will end in 2024. Sergio Perez’s salary puts him among the highest-paid athletes in the world.

Key takeaways

Here are some key aspects that you should know about Sergio Perez’s overall wealth:

  • Sergio Perez has an estimated net worth of $75 million as of March 2024.
  • He has amassed a large fortune through his career in racing and endorsements.
  • Sergio Perez’s salary from Red Bull is $8 million.
  • He has a number of high-profile sponsorships, including from Telcel, Telmox, and Claro.
  • Perez is amongst the top f1 drivers in the world.
  • His wealth is a testament to his dedication and success in the field of racing.
  • His net worth is expected to continue to grow in the coming years.

Watch this video to learn more about Sergio Perez’s lifestyle.

Sergio Perez Endorsements

One of the perks of being a successful Formula One driver is the opportunity to land some lucrative endorsement deals. Sergio Perez has done just that, and he has a number of high-profile sponsorships.

The telecommunications company Telcel and Telmox have consistently sponsored Sergio Perez throughout his career. Additionally, he is sponsored by another telecommunications company, Claro.

Sergio Perez salary net worth

Lean more about Sergio Perez

Now that we know a little more about Sergio Perez’s net worth and how he makes his money, let’s take a closer look at the man himself and learn more about his story.

Here are a few things you should know about Segio Perez:

Full NameSergio Michel “Checo” Pérez Mendoza
NationalityMexican
Date of BirthJanuary 26th, 1990
Height173 cm
Weight63 kg
Salary$10m
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Sergio Perez's Early Life

Sergio Perez came into the world on January 26, 1990, in Guadalajara, Jalisco. He is the youngest son of Antonio Perez Garibay and Marilu Mendoza de Perez. The Mexican driver is prominently known as “Checo” in the Formula One paddock. 

Sergio ‘Checo’ Perez, like various of his partners, started his racing career at a very youthful age in Karting. At an age of six years old, Checo completed his first season in second spot overall with four victories in his class.

In 2005, he competed in the Formula BMW ADAC arrangement where he drove for Team Rosberg. He finished 14th, but came back strongly to finish 6th the following year. 

2007, he moved to the British Formula 3 Championship where he competed in the national class and won the title. In 2008, he finished fourth in the standings and moved up to the international premiere class.

The Mexican raced in 2008-09 in the GP2 Asia series alongside Russian Vitaly Petrov and finished seventh. He raced in the GP2 series in 2010, where he finished second to Pastor Maldonado and ahead of Jules Bianchi.

Career

It wasn’t until 2011 that Sergio Perez made his debut in Formula One with Sauber. He had an outstanding rookie season and showed sparks of brilliance. He had a rough first year at the top level, finishing 16th in the Drivers’ Championship. However, the next year was much better, as he took three impressive podiums.

Despite his long history with Ferrari, Checo made the decision to join McLaren in 2013. After struggling through 2013 in an uncompetitive vehicle, Checo switched teams in 2014 and settled into a spot with the Force India squad, where he would stay until 2020. Checo’s seven years with the Silverstone-based team were marked by frequent top-ten results in the Drivers’ Championship thanks to his ability to make the most of every chance.

His exceptional tactical understanding and the self-discipline to maintain his tyres made him a constant danger whenever chaos broke out.

Checo’s talent for making the most of available resources is what ultimately led to his 2021 contract with Red Bull Racing.

The Mexican driver was signed in to compete alongside Max Verstappen after his success in 2020, and he quickly showed his worth by finishing fourth in the driver standings while also claiming one victory and five podium finishes in his first season with the team.

If you ask his team, Checo’s best moment was in the finals in Abu Dhabi in 2021 season. Where the Mexican held off multiple attacks from Lewis Hamilton thanks to a great defensive drive on worn-out tyres. This made it possible for Max Verstappen to close the gap and challenge Hamilton for the lead, which led to Verstappen’s first F1 world championship.

2022 season has especially been great for Checo’s career and his team. In 17 races he has had performed above par alongside his teammate Max Verstappen. He is currently 3rd in the championship standings and is looking good to improve on that by the end of the season. He has also had a great qualifying record this year, with an average grid position of 4.88. This puts him in a great position to challenge for wins and podiums in the remaining races.

Highlights

Here’s the career highlight of Mexican driver:

  • Checo Perez is a Mexican Formula One driver, who drives for Red Bull Racing.
  • He started his racing career at a very young age in karting and moved up to the British Formula 3 Championship in 2007, where he won the title.
  • In 2011, he made his debut in Formula One with Sauber.
  • He joined McLaren in 2013 but struggled through the year in an uncompetitive vehicle.
  • In 2014, he switched teams to Force India and had seven successful years with the team, marked by frequent top-ten results in the Drivers’ Championship.
  • He signed with Red Bull Racing in 2021 and had a great first season with the team.
  • In 2022, he has had an exceptional season so far and is currently third in the championship standings.

What else does Sergio Perez own?

Cars

How could it be a list of Checo Perez’s belongings without including his cars? The Mexican driver is known to be a car enthusiast, and he owns a few impressive vehicles. His impressive collection includes:

  1. Mercedes Benz AMG – $790,000 USD
  2. BMW X7 – $200,000 USD
  3. Bugatti Chiron – $3 Million USD
  4. Porsche Panamera – $305,000 USD
  5. McLaren 720S – $1 Million USD

Houses

Sergio Perez lives in a 15,000 square foot mansion in Mexico. Although, we don’t know the exact value of his house, it is estimated to be worth millions of dollars. Since he is a celebrity in Mexico, it is likely that his house is one of the most luxurious in the country.

Checo's talent for making the most of available resources is what ultimately led to his 2021 contract with Red Bull Racing.

If you are interested in learning even more about Sergio Perez – read our article: 50 fun facts about Sergio Perez.

Favourite Quotes from Sergio Perez

Here are some of our favorite quotes from Sergio Perez:

“As a Formula One driver, you dream about winning your first race all your life. I am desperate to know what it feels like”

“Everybody who knows Formula 1 knows McLaren and knows that it is the greatest team in Formula 1”

This quote shows how much he enjoyed his time at McLaren.

Frequently asked questions

How much does Sergio Perez earn in a year?

Sergio Perez earns annual salary of $10 million from Red Bull racing. However, his total earnings including endorsement deals and other sponsorship incomes that adds to his overall income.

How rich is Sergio Perez?

Sergio Perez has an estimated net worth of $75 million. The majority of his wealth comes from his salary as a Formula One driver. He also comes from a wealthy family, which has allowed him to live a luxurious lifestyle.

How is Sergio Perez so rich?

Sergio Perez is rich because of his successful career as a Formula One driver. He has been racing since he was a child and has worked his way up to the top level of the sport. He is currently signed with Red Bull Racing, which pays him an annual salary of $10 million.

Where did Sergio Perez get his money?

Sergio Perez's wealth comes primarily from his salary as a Formula One driver. He has been racing professionally since 2007 and has earned millions of dollars in salary and prize money. He has also been involved in several endorsement deals, which have likely added to his net worth.

Is Sergio Perez a billionaire?

No, Sergio Perez is not a billionaire. He has an estimated net worth of $75 million, which puts him far below the billionaire threshold. However, he is one of the richest athletes in the world and his net worth is continue to grow as he continues to have success in Formula One.

Sergio Perez's salary and net worth compared to other Formula 1 drivers

If we compare Sergio Perez’s salary to other drivers on the grid, we can see that he is at number 6 with an annual salary of $10 million. He is ranked above drivers like Kevin Magnussen and Pierre Gasly, but below drivers like Lewis Hamilton , Max Verstappen, and Sebastian Vettel. Compare Checos 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

So there you have it, everything you need to know about Sergio Perez’s salary and net worth in October 2022. He is one of the richest athletes in the world with an estimated net worth of $75 million. The Mexican driver is one of the richest athletes in the world and his net worth is continue to grow as he continues to have success in Formula One.

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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