Carlos Sainz Jr., the Spanish racing driver, has a net worth of $50 million. He has made a name for himself in Formula One, with notable achievements including podium finishes and a career-first pole position and win.
Sainz’s financial success is a result of his lucrative contracts in the sport, including a base salary of $10 million per year with Ferrari, along with endorsement deals that earn him an additional $4 to $7 million annually.
With his impressive track record and marketability, Sainz has not only established himself as a top driver but has also secured his place among the highest-earning athletes in the world of motorsports.
Here’s the breakdown of his net worth:
| Name: | Carlos Sainz Jr. |
| Net Worth: | $50 Million |
| Monthly Income: | $35 Thousand |
| Annual Salary: | $10 Million |
| Source of Wealth: | Race car driver |
Learn more: Richest Race Car Drivers in the World
Table of Contents
Early Life and Racing Career
Born on September 1, 1994, in Madrid, Spain, Carlos Sainz Jr. was destined to follow in the footsteps of his father, the renowned two-time World Rally Champion driver, Carlos Sainz Sr.
His passion for racing emerged at an early age, and he kickstarted his journey in karting. Sainz’s talent quickly became evident as he achieved impressive victories, such as winning the Asia-Pacific KF3 title in 2008 and the Junior Monaco Kart Cup in 2009.
Rising Through the Ranks
In 2010, Sainz transitioned to the world of single-seater racing by joining the EuroInternational team in Formula BMW. He showcased his potential with several pole positions and wins, finishing fourth in the championship standings. The following year, Sainz made his mark in the Euro Series and British Formula 3 championships, securing podium finishes and victories in both series.
In 2013, Sainz faced some challenges in the GP3 series but still exhibited glimpses of his talent. However, he found his stride in the Formula Renault 3.5 championship the same year, capturing the championship title with the French team DAMS in a spectacular comeback.
Stepping into Formula One
The year 2015 marked Sainz’s debut in Formula One, driving for Toro Rosso. Although he faced various setbacks during his inaugural season, including technical issues and retirements, he finished 15th in the Drivers’ Championship. In 2016, Sainz improved his performance, securing a 12th place finish in the championship.
Sainz’s career took a significant turn in 2017 when he joined Renault. Despite a turbulent start to the season, he steadily climbed the ranks and finished ninth in the Drivers’ Championship. In 2018, Sainz continued to impress, consistently qualifying in the top ten and scoring points in 13 of the 19 races he completed, earning him 10th place in the championship standings.
Triumphs and Transitions
Sainz’s move to McLaren in 2019 proved to be a game-changer. At the Brazilian Grand Prix, he showcased his determination and skill by starting at the back of the grid and finishing in an impressive fourth place, securing his maiden Formula One podium. The season concluded with Sainz finishing sixth in the Drivers’ Championship.
The following year, Sainz continued his upward trajectory, achieving his first fastest lap and securing another podium finish at the Italian Grand Prix. Once again, he finished sixth in the Drivers’ Championship, solidifying his position as a rising star in the sport.
In 2021, Sainz made a high-profile move to Ferrari, a dream come true for many drivers. Throughout the season, he consistently performed well, earning multiple podium finishes, including at the Hungarian Grand Prix and the Abu Dhabi Grand Prix. Sainz concluded the year in fifth place in the Drivers’ Championship, his best finish to date.
Financial Success and Endorsements
Sainz’s accomplishments on the track have contributed significantly to his impressive net worth of $50 million. In 2021, when he joined Ferrari, Sainz signed a two-year contract with a base salary of $8 million per year. However, in April 2022, he secured a contract extension that increased his annual pay to $10 million.
In addition to his salary, Sainz has been a sought-after figure for endorsement deals, earning between $4 and $7 million per year from various partnerships. His marketability and success on the track have made him an appealing choice for brands looking to align themselves with the excitement and prestige of Formula One.
Personal Life and Relationships
Beyond his racing career, Sainz leads a fulfilling personal life. He is currently in a romantic relationship with Isabel Hernaez, a PR person in the fashion industry.
Sainz and Hernaez, both hailing from Spain, share a passion for their respective fields and support each other’s endeavors.
Carlos Sainz Jr. Quotes
When you drive it is you, the car and your performance on track that counts. That is why I do it.
The day you perform at the highest level you need your car to be best of the rest.
In an F1 team at the end you have your little family and I feel that Red Bull is definitely mine and my place to be at the moment.
As a driver, it’s very important to feel at home and feel that the team wants you. I’ve always felt at McLaren it was pretty much love at first sight since we started talking.
My recommendation is to try and do the best you can in go-karting to be spotted by a big name like Red Bull or Ferrari. And like that you have a chance. If not, nowadays it’s very difficult. It’s always been, but these days, even more.
Everyone on the grid gets nervous before a Formula 1 race. It’s just how you manage it. It’s impossible not to be a bit nervous before a Formula 1 start or even before a World Series start. You have nerves. The thing is, you know how to control them.