Max Emilian Verstappen is a Dutch-Belgian race car driver for Formula One’s Red Bull Racing team. He has driven for Red Bull since 2016 and has won four Formula One World Drivers’ Championships consecutively from 2021 to 2024.
Over his nine years in F1, Verstappen has built impressive wealth from his successful career and off-track ventures. As of 2024, Max Verstappen’s net worth stands at $200 million.
In this article, we explore Max Verstappen’s wealth, career milestones, and lifestyle.
Max Verstappen bio
| Full name | Max Emilian Verstappen |
| Date of birth | 30 September 1997 |
| Nationality | Dutch-Belgian |
| Current team | Red Bull Racing |
| Races | 209 |
| Career points | 3023.5 |
| Pole positions | 40 |
| Word Championships | Four (2021, 2022, 2023, 2024) |
| Grand Prix victories | 63 |
| Podiums | 112 |
| Net worth | $200 million, as of 2024 |
| Annual salary | $50 million (base salary + bonuses) |
Early life and education
Max Emilian Verstappen was born on 30 September 1997 in Hasselt, Belgium. Both his parents were deeply rooted in motorsport racing. His father, Jos Verstappen, is a retired F1 driver, while his mother, Sophie-Marie Kumpen, is a retired kart racer..
Verstappen grew up in Maaseik, a Belgian town near the Dutch border, and was immersed in motorsport racing from an early age. He began karting at five years of age, with his father preparing his racing karts and engines. Verstappen attended a local secondary school in Maaseik. However, due to his demanding racing schedule, it became difficult to manage the normal school setting, and he had to be home-tutored.
Verstappen’s early exposure to car racing and the supportive yet vigorous upbringing he received from his father laid the foundation for his rapid rise in motorsport racing. This accounts for his record-breaking entry into Formula One as the sport’s youngest driver ever.
Max Verstappen’s net worth in 2024
Max Verstappen has an impressive financial portfolio, a testament to his dominance on and off the race track. As of 2024, his net worth is estimated at $200 million, which makes him one of the richest F1 drivers, alongside Fernando Alonso and Lewis Hamilton.
Verstappen earns an annual salary of $50 million driving for the Red Bull team. He supplements this with bonuses tied to race victories and championships, placing Verstappen among the highest-paid athletes in the world.
In addition to his earnings from Formula One, Verstappen earns from his lucrative endorsement deals with top brands such as Jumbo, his main sponsor, Heineken, EA Sports, and Viaplay. The racing driver also has a range of business interests that align with his passion for motorsports.
Racing career and achievements
Verstappen made his Formula One Grand Prix debut in 2015,, driving for Scuderia Toro Rosso. He was 17 years and 166 days old, making him the youngest-ever F1 driver. His performance was exceptional, and his talents were undeniable. In 2016, he moved up to Red Bull Racing, securing his first victory at the Spanish Grand Prix to become the youngest-ever Grand Prix winner.
Over the years, Verstappen’s dominance on the track grew. In 2021, he secured his first World Championship by overtaking the legendary Sir Lewis Hamilton on the final lap of the final race. From this dramatic victory, Verstappen went on to win his second, third, and fourth championships in 2022, 2023, and 2024.
Verstappen’s partnership with Red Bull has been instrumental to his success. In two of Verstappen’s four title-winning seasons, the Red Bull team has also won the Constructors’ Championship (2022 and 2023).
Lifestyle and business ventures
Max Verstappen resides in Monte Carlo, leading a luxurious lifestyle befitting a four-time world champion and a multi-millionaire. His massive net worth of $200 million allows him to enjoy high-end cars, luxurious properties, and other luxuries of life while pursuing investments and ventures that align with his interest in motorsports and technology.
The Red Bull driver owns a GT team, a demonstration of his commitment to motorsport racing beyond Formula One.
Verstappen’s financial portfolio includes partnerships with major brands, leveraging his status as a racing icon to diversify his income streams. While he is one of the most successful racers in motorsport history, he invests in ventures that promise long-term returns, ensuring his financial stability long after he retires from race car driving.
Comparison with other drivers
Max Verstappen’s achievements and massive financial success have earned him a spot among the most elite drivers in Formula One. Ahead of him are legendary drivers such as Lewis Hamilton, who has a net worth of $285 million, and Fernando Alonso, who is worth $240 million. While Hamilton and Alonso’s net worths are a reflection of their life-long careers in motorsport racing, Verstappen’s $200 million net worth is a result of his rapid rise and consistency in performance. These factors have allowed him to close the gap rather quickly.
As the highest-paid Formula One driver in 2024, Verstappen surpasses most of his peers in income and influence.
