Discover Lewis Hamilton’s Rich List 2024 Ranking

Lewis Hamilton, the seven-time Formula 1 World Champion, has secured his place on the 2024 Sunday Times Rich List. With an impressive fortune of £350 million, Hamilton is one of the wealthiest athletes and a notable figure in various other industries. Let’s delve into his financial journey and current standing.

Hamilton’s Rich List Ranking

According to the Sunday Times Rich List 2024, Lewis Hamilton is the 350th wealthiest person in the UK. Despite his remarkable wealth, Hamilton is the only active sportsperson within the top 350. His fortune, estimated at £350 million, sets him apart as the richest sportsperson under 40 in the UK, placing him at number nine on the list of the’ 40 Richest People Under 40 in the UK’.

Earnings and Investments

Hamilton’s wealth is not solely derived from his salary and bonuses from Formula 1. Over his career, he has diversified his income through strategic investments and endorsements. Some key elements contributing to his financial success include:

• Formula 1 Career: Hamilton’s primary source of income has been his F1 career, which has included numerous race wins and championship titles. His earnings from Mercedes, where he has raced since 2013, form a substantial part of his net worth.
• Sponsorships: Lucrative deals with major brands like Bose, Tommy Hilfiger, and Puma have significantly boosted his earnings.
• Investments: Hamilton has smartly invested in various sectors, including co-ownership of the NFL team Denver Broncos and backing Neat Burger, a vegan fast-food chain. His latest venture into the beverage industry with Almave, a non-alcoholic tequila brand, showcases his diverse portfolio.
• Entertainment: Hamilton is involved in Hollywood, collaborating on an upcoming Formula 1 movie starring Brad Pitt and Damson Idris, slated for release in 2025.

Recent Financial Performance

In the past year, Hamilton faced a relative setback in his income from racing bonuses due to fewer race wins. Max Verstappen, his closest rival, surpassed him in Forbes’ list of highest-earning athletes for 2024, where Verstappen earned $81 million compared to Hamilton’s $69 million. Despite this, Hamilton’s overall wealth remains substantial.

Future Prospects

Hamilton’s financial future looks promising, and he plans to move to Ferrari in 2025. This deal is expected to make him the highest-paid driver in Formula 1 again, potentially increasing his wealth further. His ability to leverage his fame and expertise in various business ventures also positions him for continued financial growth.

Comparative Wealth in F1

While Hamilton is immensely wealthy, he does not surpass the fortune of Bernie Ecclestone, the former F1 supremo. Ecclestone and his family rank at 92 on the Sunday Times Rich List with a staggering £1.844 billion. This comparison highlights the significant yet distinct financial tiers within Formula 1.

Hamilton Among Britain’s Wealthiest Under 40

In addition to his overall ranking, Hamilton is notable for being one of the wealthiest individuals under 40 in the UK. The Sunday Times Rich List places him ninth in this category, highlighting his substantial wealth compared to other young, affluent Britons, including musicians like Ed Sheeran and sports figures such as Rory McIlroy and Anthony Joshua.

Lifestyle and Philanthropy

Beyond his financial achievements, Hamilton is known for his luxurious lifestyle, which is marked by high-end properties and a passion for fashion and cars. However, he is also committed to philanthropy, supporting various causes such as environmental sustainability and diversity in motorsport through his initiatives and foundations.