Max Verstappen Net Worth: How Did He Become the Youngest F1 World Champion?

Max Emilian Verstappen is a Belgian-Dutch racing driver who became the World Champion of Formula One in 2021. With Red Bull Racing, he competes in Formula One under the Dutch flag. He is the son of Jos Verstappen, a former Formula One racer.

The Early Life of Max Verstappen

Max Emilian Verstappen came into the world in Hasselt, Belgium, on September 30, 1997. Max grew up with a younger sister in a family with a long and successful history in motorsports.

Like his sister, he was always going to be a Formula One driver. Both of his parents competed in the sport. His father, Jos, drove, and his mother raced karts. Max also comes from a family that has been involved in the NASCAR Whelen Euro Series for a long time.

Even though he was born in Belgium, Verstappen thinks of himself as Dutch, and he races under the flag of the Netherlands in professional races. Max also raced in Formula One for about a year before he got his driver’s license, so he has a lot of experience in the sport.

Verstappen started driving race cars when he was four years old. He raced karts and won a number of championships by the time he was seven years old.

In 2010, he raced karts on an international level. At the KF3 World Cup, he came in second, just behind Alexander Albon. Later, Albon would become his teammate on the Red Bull Racing team. Max had already won a number of international championships by the end of 2012, and he was now ready to race in the Formula racing series.

The Professional Life of Max Verstappen

Verstappen raced a Formula Renault at Pembrey Circuit in 2013. Over the next few years, he tested Formula Renault vehicles and defeated more experienced drivers. He debuted in the Florida Winter Series in 2014. Before Formula Three, he won several races. He finished third in Formula Three FIA European Championship, winning 10 races. Verstappen was ready for F1 at this stage.

Max joined Red Bull Junior over Mercedes in 2014. Later that year, he became the youngest driver to ever race in a Grand Prix Weekend at the Japanese Grand Prix. At 17, he became the youngest driver to start a World Championship at the Australian Grand Prix. The previous record-holder was two years older than Max. His maiden race ended with engine failure.

MAX VERSTAPPEN NET WORTH

After a couple of great finishes, he collided with Romain Grosjean and crashed into the barriers. This was contentious, and other drivers labelled him “dangerous.” Verstappen won “Rookie of the Year,” “Personality of the Year,” and “Action of the Year”

Verstappen started 2016 at Toro Rosso before joining Red Bull for the Spanish Grand Prix. He became the youngest F1 driver to win the event. Charlie Whiting cautioned Max about his violent driving during this time. In the race, he raced from 16th to third in 15 laps.

Max retired many times in 2017. Collisions and mechanical difficulties caused several of these retirements. Verstappen improved during the season. He had many mistakes and crashes in 2018. He completed the season fourth.

In 2019, he finished third, giving him three wins and nine podiums. Verstappen finished third in 2020 after re-signing with Red Bull. Max Verstappen beat Lewis Hamilton to win the 2021 championship in Abu Dhabi.

What is the Net Worth of Max Verstappen?

After winning his first world title in the 2021 season Verstappen extended his contract with the Milton-Keynes-based team to 2028. This surely will add additional funds to his account.

The net worth of the 24-year-old is $60 million considering the profits from several endorsements. However, the new transaction will enhance the net worth of the Dutchman even more. The Red Bull driver will earn a big raise in salary from 2024.

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Max Verstappen Endorsements

While his annual income at Red Bull puts him among the sport’s top earners, only Lewis Hamilton has a larger fan base. He has an army of supporters known as the Orange Army, who wear Orange T-shirts to practically every European race.

Because of his fame, he is highly sought after by marketers, making him one of the most marketable drivers on the grid. Jumbo Supermarkets, Ziggo, Red Bull, G-Star Raw, and CarNext.com are his key sponsors.

Jumbo Supermarkets allegedly paid €1.5 million (£1.25 million) every year to wear Max Verstappen’s clothes, and they also organized Jumbo Racing days, which boosted the annual charge to roughly €2 million (£1.67 million).

G-Star Raw, another ‘low-paying’ sponsor in comparison to others, gave Verstappen roughly €1-2 million, while software business Exact inked a sponsorship arrangement with Verstappen in 2015, which was then extended in 2018, and is said to be worth around €2 million per year.

Max Verstappen Car Collections and Private Jet

Verstappen’s automobile collection rivals his career. The collection is worth about $6 million (or $15 million with the plane!).

Four Aston Martins are included. The racer loves British luxury cars. He possesses a street-legal Aston Martin DB11, James Bond’s car. The DB11 costs $205,000. Verstappen swaps the DB11 for his $150,000 Vantage, $334,000 DBS Superleggera, or $3 million Valkyrie.

Verstappen also owns two Ferraris. His $1.8 million Ferrari Monza SP2 is incredible. Gordon Ramsey and Zlatan Ibrahimovi own this model (AC Milan player). His 488 Pista Ferrari is valued $330,000.

Renault R.S.01, Porsche 911 GT3 RS, and Mercedes-Benz C63 S AMG are also in the driver’s garage. Max’s garage also has a $9 million Falcon-900EX jet.

Whom is Max Verstappen Dating?

Since 2020, Max Verstappen has been going out with Kelly Piquet, who is 33 years old. Nelson Piquet, a Brazilian race car driver and three-time Formula One World Champion, has a daughter named Kelly Piquet.

MAX VERSTAPPEN NET WORTH

Kelly Piquet dated Russian Formula One driver Daniil Kvyat in the past, and they have a daughter together.

Frequently Asked Questions

Who is the youngest driver in Formula 1?

He just turned 22. Zhou Guanyu, who is new to F1, is the third-youngest driver.

Who has won the most races in Formula One?

Lewis Hamilton has won 103 races, which is more than anyone else in Formula One history. The previous record-holder, Michael Schumacher, is in second place with 91 wins. Sebastian Vettel is in third place with 53 wins.

Why isn’t BMW in Formula 1?

BMW left the sport and sold the team back to its founder, Peter Sauber because the global financial crisis and the limits of the current technical regulations made it hard for the company to develop technology that could be used in road cars.