How Much Does Mick Schumacher Make

how much does mick schumacher make

The fascination with how much someone makes or earns is always big in formula one. It is understandable. F1 is the most prestigious sport in the world. So, how much does Mick Schumacher make?

If you are a fan of Schumacher, you could be interested in knowing how much salary he earns from racing.

When it comes to formula 1 racing, it does not get better than driving for Haas. This is the only American F1 team on the grid today.

Carrying the Schumacher name should mean something, right? This is because Michael Schumacher, Mick’s father, is one of the great F1 drivers.

Therefore, your desire to know how much Mick Schumacher salary earns is understandable.

Mick Schumacher joined F1 in 2021 with Haas, driving alongside Nikita Mazepin. In 2022, he would remain with the team but this time with Kevin Magnussen as his team mate.

That could be the reason many are interested in knowing how much Mick Schumacher makes. He raced for the Haas team for the last three years.

In this article, I intend to share with you details of how much Mick Shcumacher makes as a formula one driver.

You will also get a glimpse of how he spends the money he makes in F1.

This is a look at Mick Schumacher’s income, salary, his other sources of income and his net worth. You will also find out about his life in Switzerland and why F1 drivers like to live in Switzerland.

How Much Does Mick Schumacher Make?

Mick Schumacher makes or earns $1 million as an F1 driver at Haas F1 team.

In a nut shell, he earns $1,000,000 per year from racing activities. This is one of his main sources of income today.

With this levels of income, Mick Schumacher has been able to build a net worth estimated to be at $5 million today. His net worth includes inheritance from his family wealth.

It is worth noting that his father is estimated to be worth over $850 million. This makes him one of the wealthiest F1 drivers, ahead of drivers such as Lewis Hamilton, Sebastian Vettel and Fernando Alonso among other F1 drivers.

Haas is paying Mick about $1,000,000 per year or per season.

Unfortunately,  Mick Schumacher has been dropped by Haas and is not driving for any team in the 2023 F1 season.

How Much Mick Schumacher Makes in F1

As you are learning from this article, F1 drivers make a lot of money from their racing activities.

If you would like to learn how much money F1 drivers make, I have written an in-depth article on how much F1 drivers earn or make from their teams. You can go and read it here.

However, in this particular section, you are going to learn how much Mick Schumacher makes in F1.


In conclusion, formula one drivers are some of the highest paid professionals. Mick  is just but one of them.

You have the other twenty F1 drivers on the grid today who earn or make different amount of money per year.

To have a full picture of how Mick Schumacher earns, you need to understand his streams of income.

Mick makes money from his salary, bonuses and endorsement or sponsorship deals. He has also invested in various businesses across sectors.

In his time at Haas, Mick Schumacher earned an average of $1 million per year.

Today, it is estimated that Mick is worth about $5 million. However, this includes inheritance from his father Michael Schumacher’s estate.

Over time, this is going to increase and will be interesting to watch how he grows his income and wealth before he retires from F1 racing.