Max Verstappen, the Belgian-Dutch racing sensation, has a net worth of $70 million. Known for his record-breaking achievements in Formula One, Verstappen became the youngest-ever driver to compete in the sport at the age of 17.
He has since established himself as a formidable force on the track, winning multiple races and securing the 2021 Formula One World Championship. Max’s financial success extends beyond his racing career, as he has invested in a private jet worth $16 million and reportedly resides in a luxurious penthouse apartment.
With his exceptional talent and marketability, Verstappen’s net worth continues to grow, solidifying his position as one of the highest-paid Formula One drivers in the world.
Here’s the breakdown of his net worth:
|Net Worth:||$70 Million|
|Monthly Income:||$50 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 Beginnings
Born on September 30th, 1997, in Hasselt, Belgium, Max Emilian Verstappen grew up in a family deeply immersed in motorsports. His father, Jos Verstappen, was a former Formula One driver, while his mother had a background in karting. Max’s passion for racing was ignited at a young age, and he started his journey in the world of karting at just four years old.
Verstappen quickly showed his talent, winning several championships in karting and gaining recognition for his exceptional skills behind the wheel. In 2010, he ventured into international karting and showcased his potential by finishing second in the KF3 World Cup. By the end of 2012, Max had amassed numerous international championships, signaling his readiness to move up to the world of formula racing.
In 2013, Verstappen transitioned from karting to racing cars, making his debut in a Formula Renault car at the Pembrey Circuit. Over the next few years, he tested various Formula Renault cars, consistently setting impressive lap times and outperforming more experienced drivers. In 2014, Verstappen made his official racing debut in the Florida Winter Series, claiming victory in several races before progressing to Formula Three.
Rapid Ascent to Formula One
Recognizing his exceptional talent, Max Verstappen joined the Red Bull Junior Team in 2014, despite receiving offers from Mercedes. Later that year, he made history by becoming the youngest driver ever to participate in a Grand Prix Weekend during the Japanese Grand Prix practice session. The following year, at the Australian Grand Prix, Verstappen became the youngest driver to start a World Championship race at the age of 17.
Although his debut race was marred by engine failure, Verstappen showcased his potential with strong finishes in subsequent races. However, it was his collision with Romain Grosjean that sparked controversy and earned him the label of a “dangerous” driver. Undeterred, Verstappen concluded the season with impressive performances, earning accolades such as “Rookie of the Year,” “Personality of the Year,” and “Action of the Year.”
Breakthrough Success and Championship Triumph
In 2016, Verstappen began the season with Scuderia Toro Rosso but quickly transitioned to Red Bull Racing, replacing Daniil Kvyat for the Spanish Grand Prix. In a remarkable display of skill and maturity beyond his years, Max won the race, becoming the youngest-ever Formula One driver to achieve such a feat. However, he faced criticism for his aggressive driving style and received warnings from F1 director Charlie Whiting.
Verstappen’s career continued to flourish, marked by notable performances and spectacular comebacks. In the 2021 season, he engaged in a fierce battle with seven-time World Champion Lewis Hamilton. The culmination of their intense rivalry came at the 2021 Abu Dhabi Grand Prix, where Verstappen overtook Hamilton on the final lap to secure the victory and clinch his first Formula One World Championship.
Max Verstappen’s Impressive Net Worth
As one of the most prominent drivers in Formula One, Max Verstappen enjoys considerable financial success. In 2020 alone, he reportedly earned a staggering $60 million. Verstappen has invested a portion of his fortune in luxurious assets, including a private jet valued at approximately $16 million. The Falcon-900EX aircraft, previously owned by Richard Branson, features top-of-the-line specifications and a fully equipped bar.
While reports suggest that Verstappen resides in a lavish penthouse apartment worth £13 million in Monte Carlo, he has denied selecting the residence for its tax benefits. Moreover, as an automobile enthusiast, Max has developed a private collection of luxury cars. With a fondness for Aston Martins, he eagerly awaits the delivery of a £2 million Valkyrie.
Max Verstappen’s net worth reflects not only his exceptional driving talent but also his marketability and popularity within the world of motorsports. As he continues to solidify his position as one of the top Formula One drivers, his financial success is likely to grow even further, cementing his status as an icon in the racing world.
Max Verstappen Quotes
I always try to get the best result out of it, I’m not there to just sit second or sit third. I’m a winner, and I want to win every single race, and I will always go for it.
I don’t need people shouting at me to tell me what I did wrong.
My career is more important than girls.
I think you can improve on everything; you’re never perfect.
You always have to believe in yourself, and I had that from karting.
You always want to do better than last year.