Top 10 Richest Racing Drivers In The World (2022)

You are probably wondering about the richest racing drivers in the world. If that is true, we have compiled, in this article, a list of the top 10 richest racing drivers in the world. One of the most physically taxing but financially profitable sports in existence today is motorsport. In addition to being well-known, racing drivers are also well-paid.

In addition, racing has long been a human obsession. It’s not surprising that many racing professionals earn millions of dollars over the course of their careers given its popularity.

From Formula One to drag racing, there are many different types and sizes of racing. The richest racing drivers in the world amass fortunes worth hundreds of millions thanks to sponsorships, race wins, and other sources. That said, let’s discuss in detail, the top 10 richest racing drivers in the world.

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Top 10 Richest Racing Drivers In The World

The table below contains the name and net worth of the top 10 richest racing drivers in the world.

1. Michael Schumacher

Michael Schumacher is the richest racing driver in the world. He is a German racing legend who competed in Formula One for Jordan Grand Prix. Since he has won most World Championships, he is regarded as the most successful driver in the history of the sport.

Michael is one of just a select few athletes whose career earnings totaled more than $1 billion. He earned about $80-$100 million per year at the height of his career. To wear a Shell cap while making public appearances, he received $10 million a year from that.

He got into racing at a young age and is now regarded as the greatest Formula One driver ever. From 1991 to 2006, he raced for Ferrari and Jordan Benetton. Ralf Schumacher, Michael’s younger brother, also had a very successful racing career. Tragically, a skiing accident in December 2013 changed Michael’s life forever. He sustained lasting brain damage as a result of the collision. Michael Schumacher has a net worth of $600 Million and he is first on our list of the top 10 richest racing drivers in the world.

2. Eddie Jordan

The second person among the richest racing drivers in the world is Eddie Jordan. He is an Irish businessman who formerly had a racing team bearing his name. Eddie won the Irish Kart Championship in 1971, and he switched to Formula Ford in 1974.

From 1991 through 2005, he created and was the owner of the Formula 1 constructor Jordan Grand Prix. Eddie Jordan also had a $475 million estimated net worth and was a shrewd businessman. Prior to joining Top Gear from Channel 4, he served as the BBC’s primary analyst for Formula 1 coverage from 2009 until 2015.

After the exhilarating experience of kart racing in St. Brelade’s Bay, he bought his own kart and started competing in Dublin. He won the 1971 Irish Kart Championship season shortly after that.

He advanced to Formula Ford in 1974 and the Irish Formula Ford Championship in 1975, but he was forced to miss the 1976 season after breaking his left leg in an accident at Mallory Park. After his wounds had healed, he switched to Formula Atlantic and won three races in 1977.

In 1978, he went on to win the Irish Formula Atlantic Championship. In British Formula Three in 1979, Jordan competed alongside Stefan Johansson under the name Team Ireland. Eddie Jordan has a net worth of $600 Million and he is second on our list of the top 10 richest racing drivers in the world.

3. Don Schumacher

Don Schumacher is another important driver among the richest racing drivers in the world. Early in the 1960s, Don Schumacher started drag racing and rapidly became well-known for having a fantastic pit crew and a top-notch squad that he meticulously managed. He spent eleven years in the drag racing industry before leaving it to head his father’s Chicago-based company, Schumacher Electric.

The company, which he expanded from 400 employees to almost 2000, is today the largest charger maker in the world. He returned to the racing scene in the middle of the 1990s, but this time as an owner.

The squad was built around his son Tony Schumacher, who was emerging as a top driver. Don Schumacher currently serves as the team’s manager, and his crew has grown to be a powerful force on the racetrack. Don Schumacher has a net worth of $300 million and he is third on our list of the top 10 richest racing drivers in the world.

4. Dale Earnhardt Jr.

Dale Earnhardt Jr. has a net worth of $300 million. He is a retired American NASCAR driver and media celebrity. He owns a NASCAR team, writes books, and provides analysis for NBC’s coverage of the sport. For three generations, racing has been a family-run enterprise. Dale is the illustrious late father of the NASCAR icon. Mr. Dale Earnhardt

At the late age of 17, Dale Jr. and his father entered the Street Stock race at Concord Motorsport Park in Concord, North Carolina. A 1979 Monte Carlo served as Junior’s debut race vehicle.

In 1988, Dale Earnhardt Jr. participated in his first NASCAR race, and at the 2000 DirecTV 500, he took home the victory. The Coca-Cola 300 was his maiden Nationwide Series victory in 1998.

Earnhardt, Jr. has amassed a total of 60 victories over the course of his career across the NASCAR Xfinity Series and the NASCAR Cup Series. More than 300 times, he finished in the top ten, and on at least 25 of those occasions, he took first place.

He received 14 consecutive votes as NASCAR’s Most Popular Driver between the years 2003 and 2016. Because of his two victories in the Daytona 500, each 10 years apart in 2004 and 2014, he earned the moniker “Pied Piper of Daytona.” Dale Earnhardt Jr. has a net worth of $300 million and he is fourth on our list of the top 10 richest racing drivers in the world.

5.  Lewis Hamilton

Another person among the richest racing drivers in the world is Lewis Hamilton. The British racing legend is the highest-paid driver in Formula 1 history and one of the richest sports figures in the history of the nation.

The record for the most victories in the World Drivers Championship is shared by Lewis and Michael Schumacher (seven apiece). Lewis is renowned for his anti-racism work and support of greater racial diversity.

He was listed as one of the 100 most influential people in the world in the 2020 edition of Time. As part of the 2021 New Year’s Honours, he was also knighted. The anticipated annual value of Hamilton’s Mercedes contract is £40 million ($51 million).

Additionally, he has a number of endorsement deals with companies like Bose, Sony, L’Oreal, Puma, and Monster Energy Drinks. Lewis Hamilton has a net worth of $285 million and he is fifth on our list of the top 10 richest racing drivers in the world.

6. Fernando Alonso

Fernando Alonso is also among the richest racing drivers in the world. He is an ex-Formula One racer from Oviedo, Spain, who currently competes in motorsports. One of the best Formula One drivers in the history of the sport is frequently considered to be Alonso.

Adrian Campos signed Alonso in 1998 so that he could participate in the 1999 Spanish Euro Open. By a hair’s breadth, he won the title and broke a record. He debuted in Formula One in 2001 at the Australian Grand Prix driving for Minardi.

He occasionally performed better than his teammates, which was impressive He kept up his relationship with Renault till 2006 and put in strong work. He won the San Marino Grand Prix in 2005. He did not, however, make an impact at the Canadian and American Grand Prix.

He had trouble in the early races in 2009. He only ever finished on the podium once, in the Singapore race, where he came in third. He honored his late boss Flavio Briatore by dedicating the victory to him. Fernando Alonso has a net worth of $260 million and is sixth on our list of the top 10 richest racing drivers in the world.

7. Kimi Raikkonen

Kimi Raikkonen is one of the richest racing drivers in the world. Kimi was one of the highest-paid athletes in the world when he was at the top of his game, earning well over $50 million annually.

For a variety of reasons, including his frigid demeanor with the media, rival competitors, and teammates, Räikkönen has acquired the moniker “Iceman.” He hails from Finland, which has a cold environment.

As of 2020, Räikkönen, the most successful Finnish Formula One driver ever, had won 21 races. He has competed for a variety of Formula One teams, although Ferrari was the outfit where he had the most success.

Kimi has competed in a variety of motorsport competitions besides Formula One, like the World Rally Championship, NASCAR, and snowmobile races.  Kimi Raikkonen is seventh on our list of the top 10 richest racing drivers in the world.

8. Jeff Gordon

Jeff Gordon is also among the richest racing drivers in the world. He is a former professional NASCAR racer Jeff Gordon is an American who now works as a top executive for Hendrick Motorsport and announces races for Fox NASCAR. Jeff Gordon has a net worth of $200 million as of this writing.

In 1995, 1997, 1998, and 2001, Jeff won the Winston Cup (now known as the Sprint Cup) Championship. Jeff has more than 90 victories and more than 445 top ten finishes in the NASCAR Sprint Cup Series.

He has more than five victories and 32 top-ten finishes in the Nationwide Series. In the Busche Series, Gordon made his racing career debut. In 1993, he began competing regularly in the NASCAR Winston Cup Series.

Between 1993 and 2015, he competed in 23 full-time NASCAR Sprint Cup Series seasons in the No. 24 Chevrolet for Hendrick Motorsports. During the 2016 campaign, he filled in for Dale Earnhardt Jr. in a few races in the No. 88 Chevrolet for the team. Jeff Gordon has a net worth of $200 million and he is on our list of the top 10 richest racing drivers in the world.

9. Jenson Button

Jenson Button is also among the richest racing drivers in the world. He is a British racing driver Jenson Alexander Lyons Button MBE was born on January 19, 1980. When he raced for the Brawn GP team, he won the 2009 Formula One World Championship.

After his F1 career, he shared a Honda racing car with Naoki Yamamoto at Team Kunimitsu, and the two of them won the 2018 Super GT Series season championship.

In 2000, he started participating in Formula One. He has held driving positions with McLaren, Benetton, Renault, BAR, Honda, and Williams. From 2010 until his Formula One retirement in 2017, he was a driver for McLaren.

He spectacularly defeated Lewis Hamilton and Fernando Alonso to claim the F1 World Championship in 2007 by triumphing in the final race of the campaign. Additionally, he participated in the World Rally Championship and won one stage.

Currently making $4.5 million a year, Raikkonen was making $37 million annually while competing for Ferrari in 2008 and 2009. He hasn’t made as much money from endorsements as some other drivers, but he still has agreements with companies like Oakley, Wrangler, and Singha. Jenson Button has a net worth of $150 million and he is ninth on our list of the top 10 richest racing drivers in the world.

10. Valentino Rossi

Valentino Rossi is another of the richest racing drivers in the world. He is an Italian motorbike racer with a $200 million fortune. One of the best motorbike racers of all time is Valentino Rossi.

Rossi has captured nine Grand Prix World Championships, including seven in the top division. He began competing in Grand Prix events in 1996 with Aprilia in the 125cc class. After advancing to the 250cc class with Aprilia and winning the 250cc World Championship in 1999, he won his first World Championship the following year.

He advanced to the top division in 2000 and won the MotoGP World Championships in 2002 and 2003 (again, with Honda). He also won the 500cc World Championship with Honda in 2000.

After switching from Honda to Yamaha, Rossi extended his streak of back-to-back victories by winning the championships in 2004 and 2005. Due to a crash in the Valencia championship race, Rossi was unable to defend his title in 2006 and Nicky Hayden, a former teammate of his, took it. Valentino Rossi has a net worth of $150 million and he is tenth on our list of the top 10 richest racing drivers in the world.

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Top 10 Richest Racing Drivers In The World

The table below contains the name and net worth of the top 10 richest racing drivers in the world.