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Michael schumacher highest-paid athlete

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Michael Schumacher net worth | salary, sponsors & more

Arguably the greatest F1 driver in history, Michael Schumacher made a lasting impact on the sport that continues to be felt today. The German defined excellence during the course of his exceptional career, claiming 68 pole positions, 91 victories and a joint-record seven World Championships.

The net worth of Michael Schumacher

One of the most famous names to ever take the F1 grid, Michael Schumacher set the bar when it comes to success. The German was the first athlete ever to become a billionaire. At the peak of his career, he made $80-$100 million per year. After retiring in 2006, the German returned to F1 in 2010 when he joined Mercedes. Schumacher hung up his gloves for good in 2012, but his brand has continued to grow since, with his net worth currently estimated at around $780 million.

Besides, he owns several luxury mansions on the shore of Lake Geneva and a personal island in 'The World' off the coast of the United Arab Emirates.

What was the salary of Michael Schumacher?

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Michael Schumacher 'dropped by sponsors' with doubts over his recovery

The 45-year-old, who is still recovering as a coma victim, has now lost out on several million pounds as a result of companies moving away from him, according to Swiss news website Bluewin.

Fashion companies Navyboot and Jet Set have, it has been reported, severed commercial ties with Schumacher.

It comes after German mineral water company Rosbacher halted their contract with him too earlier in the year, according to the Daily Express.

Owner of the two fashion firms, Phillipe Gaydouls, has reportedly openly moved away from Schumacher.

According to the Daily Mirror, Gaydouls's spokeswoman has confirmed his decision.

As reported by Bluewin: "It is not easy for Schumacher's sponsors: paying out millions of Swiss francs per year and receiving nothing back since the crash.

[SCHUMACHER 'WAKING UP VERY SLOWLY', SAYS SON]

"But must they separate in this situation from the Formula 1 legend?

"It is a balancing act: On the one hand, the sponsors must p

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The £30m man: Michael Schumacher leaves his rivals in the shade with mega pay deal

By JONATHAN MCEVOY FOR THE DAILY MAIL
Updated:

Coining it: Seven-times champ Schumacher is the highest-paid driver on the grid

Michael Schumacher is banking £30million a year to make the most astonishing comeback in motor racing history.

Mercedes had briefed the press that they were paying Schumacher £6m when they unveiled him as their star driver last December, but Sportsmail has now learned that he is receiving a basic salary of around £21m plus a further £9m in private endorsements.

It makes the 41-year-old German the highest paid driver on the grid, ahead of Ferrari’s Fernando Alonso, whose annual earnings amount to about £26m.

It also places him just in front of football’s World Player of the Year, Barcelona’s Lionel Messi, who earns £29m. However, Schumacher’s current pay is less than he pocketed at his peak — more than £60m a year. He is thought to be worth £500m in all.

The revelation of the true cost of Schumacher’s employment — which amounts to £90m over three years — will come