Michael Schumacher net worth: How much is Formula 1 legend worth? Michael Schumacher is still regarded as one of the greatest Formula One drivers of all time. The German racing driver is still the only driver in history to win seven F1 World Championships.
His successful career spanned from 1991 to 2006 with Jordan Benetton and Ferrari. In 2010 he announced he would be coming out of retirement, making a comeback with Mercedes GP. Schumacher then retired at the end of the 2012 season. He then suffered a "severe head injury" while skiing in the French Alps on December 29, 2013.
The F1 legend required "immediate neurosurgical intervention" and underwent two life-saving operations. The motorsport star was then placed in a medically induced coma for six months until June 16, 2014. Since then, there have been very few updates about how Schumacher is doing.
Michael Schumacher net worth: Michael Schumacher has an estimated net worth of $800million (£632million), according to Celebrity Net Worth. His wealth was acquired through his successful F1 career, being the most decorated F1 driver in history. To this day he still holds the record for, among others, most career wins, most wins in a season, most consecutive world championships and the most consecutive race wins.
He won a combined 47 races and won four back-to-back championships between 2001 and 2004. Forbes reports he made as much as $1billion (£790million) during his career. He gained the fortune from prize money, as well as endorsements from Benetton, Ferrari and Mercedes. Just before his second retirement, Sports Illustrated claimed he earned about $20million (£15.7million) per year.
Schumacher was one of the highest paid athletes of all time, and even when he wasn't racing he earned $50million (£39million) in endorsements. During the height of his racing career, he was paid $10million (£7.9million) by Shell to wear a specific hat.
NEXT NEWS:Michael Schumacher's £50million Swiss mansion where F1 star is recovering.HESE pictures show the £50million mansion where F1 star Michael Schumacher is recovering from a tragic skiing accident with his family.
Fives years ago this month, Schumacher suffered catastrophic brain damage after crashing and smashing his head while skiing in the exclusive ski resort of Meribel in France.At the request of his wife, Corinna Betsch, 49, friends and family have honoured his wishes for privacy and kept his condition a closely guarded secret. In the absence of updates, speculation has been rampant about his health and recovery from a brain haemorrhage at his home in the Swiss town of Gland near Lake Geneva. Despite reports suggesting he may never fully recover, Schumacher, who turns 50 in January, is not bedridden or "existing on tubes", according to the Mail Online. His care, which includes extensive nursing and therapy, has been estimated to cost more than £50,000 a week, the website has claimed.
His father Rolf confirmed Schumacher is still living at his mansion in Gland, dispelling rumours he had been transferred to a holiday home in Majorca or a specialist brain trauma hospital in the United States. Pictures of his home, called The "Villa La Reserve", show the seclusion in which Schumacher lives on the banks of Lake Geneva, close to the border France and Switzerland. Surrounded by verdant landscapes, the sprawling grounds of the mansion boasts expansive lawns and a sunny terrace. He is reportedly living with his close family in the main body of his house as opposed to a separate building in the same grounds, as some reports have suggested. Building work on a separate cottage reportedly began before the accident and was intended to accommodate his father when he stayed. Schumacher's accident happened on a family holiday as he was skiing with his son Mick at the Meribel ski resort in the French Alps.The avid skier hit the right side of his head on a rock, cracking his helmet.The seven-time F1 champion was transferred to Grenoble hospital following his crash, where doctors described his condition as "extremely serious".
Surgeons carried out two life-saving operations on the F1 legend while in a medically induced coma to remove life-threatening blood clots.Last month his wife has given a rare insight into husband's determination to recover in a letter written to Sascha Herchenbach, a musician who has dedicated a song to the F1 hero.Singer-songwriter Herchenbach, 38, from Hamburg, Germany, wrote a song for Michael after the skiing accident.
He sent a CD of the song, named "Born To Fight", to Corinna. Herchenbach told BUNTE that she thanked him with a personal letter and wrote: "We all know Michael is a fighter and will not give up." Corrina has rarely been seen in public since her husband suffered horrific head injuries. She was described by her husband as his "guardian angel" just weeks before the accident.Last year ex-F1 star Philippe Streiff, who claimed to be close to the family, said he fears Michael may never be able to walk again.He claims: "After a neurological accident, you always have hopes.
But after more than three years, it's probably more difficult." His manager Sabine Kehm has repeatedly stated that neither his family nor his team will release any updates on his health.In a statement she said: "Michael's health is not a public issue, and so we will continue to make no comment in that regard."We have to protect his intimate sphere."Legally seen and in the longer term, every statement related to his health would diminish the extent of his intimate sphere." NEXT NEWS:Michael Schumacher's legacy remains as powerful as ever.
Formula One will honour Michael Schumacher, as the seven-times world champion approaches his 50th birthday, five years on from a near-fatal skiing accident. The Ferrari great has brain injuries, of which little is publicly known. The German, still the sport's most successful driver, in terms of wins (91) and titles, will be 50 on January 3. Formula One will highlight the remarkable career and talents of a man famous beyond the racetrack, and who enthused a legion of fans in the 1990s and early years of this century.
The Ferrari museum in Maranello, Italy, is planning a special exhibition, opening on his birthday and lasting for a few months, "both as a celebration and a mark of gratitude to the most successful Prancing Horse driver ever." Mercedes, the last team Schumacher drove for in Formula One, before he retired in 2012, will have some of his cars on display at their museum in Stuttgart.
Formula One management will also dedicate a week to Schumacher on its social media platforms, including exclusive interviews with many of those who were part of the German's Formula One story. "We are going to celebrate Michael's birthday," said a spokesman.
Schumacher remains a big part of the sport's narrative, with Mercedes driver Lewis Hamilton now a five-times world champion, with 73 wins and getting ever closer to the German's greatest records. Hanging over it all, however, will be a strong sense of sadness — just as every anniversary since his December 29, 2013 fall, while skiing off-piste near Meribel, in the French Alps, with his family.
Schumacher hit his head on a rock and spent months in an artificial coma, after being rushed to hospital in a critical condition. "We think a lot about him," Mercedes motorsport head, Toto Wolff, told Reuters. "He was an exceptional sportsman, and he's missed. As a seven-times world champion, he's missed within the paddock, he's missed as a consultant to us, somebody we've been looking up to.
We hope that his recovery continues to be positive and that's the most important thing." Just how positive, or otherwise, is a matter of considerable conjecture and one met with resolute silence from Schumacher's wife, Corinna, the family, and those who always formed part of his innermost circle.
They would prefer the world remembered Schumacher as the champion he was, rather than the different kind of fighter he has become. Sabine Kehm, Schumacher's trusted assistant and spokeswoman, who now also manages the racing career of his son, Mick, continues to guard his privacy with polite, but firm, determination.
"In general, the media have never reported on Michael and Corinna's private life," she said in 2016. "When he was in Switzerland, for example, it was clear he was a private individual. "Once, in a long discussion, Michael said to me, 'You don't need to call me for the next year. I'm disappearing.' I think it was his secret dream to be able to do that some day.
That's why, now, I still want to protect his wishes, in that I don't let anything get out." It is clear that if Schumacher were to have made a miraculous recovery, the good news would have been known quickly enough. The fact that nothing has been said speaks volumes.
Amid enduring media speculation, be it rumoured moves for treatment elsewhere or concerning Schumacher's general mobility, any shred of bona fide information from behind the walls of the family's lakeside Swiss mansion is news. One such snippet was provided by Swiss archbishop Georg Ganswein, who recently told the mass-circulation German magazine, Bunte, about a 2016 visit to Schumacher. "I sat opposite him, held his hands, and looked at him.
His face is just as we know it, the typical Michael Schumacher face. Only a bit fuller," he said. Jean Todt, Schumacher's former Ferrari boss, who is now president of Formula One's governing body, is a frequent visitor. He revealed last month that he had watched this year's Brazilian Grand Prix with Schumacher. "There are pictures of him all over my offices and apartments. "The time with Michael will always be remembered as the best of my life," the Frenchman said.
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