Michael Schumacher is a famous retired Formula One driver from Germany who is regarded as one of the greatest drivers in the history of Formula One. He has won seven F1 Championship in his career. Here is a quick summary of Michael Schumacher’s net worth in 2018, career and earnings.
Michael Schumacher was born on January 3, 1969, in Hürth, Germany. His mother was Elisabeth Schumacher and his father, Rolf Schumacher was a construction worker. As a child, Michael showed early interest in racing, so his father built him his own kart. Michael won his first club championship at the age of six. In order to support their child’s dream, Michael’s both parents started working extra jobs but the expense was too much, and they couldn’t afford to pay for his dream.
A little financial help from the local businessman, Michael Schumacher could pursue his dream. He got his kart driving license at the age of 12 in Luxemburg and a year after winning the German Junior Kart Championship, he got his license in Germany. After that, he won many championships. He also started working as a part-time mechanic to support himself.
Michael’s brother, Ralf Schumacher is also a former Formula One driver and even his step-brother Sebastian Stahl has been a racing driver. He is married to Corinna Betsch, who is a keen horsewoman. The couple has been married for the last twenty-two years and had two kids together.
Michael Schumacher had a major accident in 2013 while skiing in the Combe de Saulire region of the French Alps. He had a massive fall resulting in a horrible head injury. He was in a coma for a long time and recovered in the following year. When he was in a comparatively stable condition, for a further treatment, he was taken to ‘University Hospital’ in Switzerland. Currently, he is at home and still recovering from memory loss and paralysis.
Initially, Michael Schumacher participated in the entry-level racing like, ‘Formula Köni’ and ‘Formula Ford.’ Soon, he got selected in Formula three championship of Germany and was driving for ‘WTS’ team. After tasting victory in the races, the same year he competed in the World Sports-Prototype Championship as part of the Mercedes Junior Racing Program. In the whole competition, he participated in three races out of nice but was still able to finish in the fifth position.
Michael Schumacher’s next adventure was in the World Sportscar Championship where he was victorious, the same year he took part in the Japanese Formula 3000 Championship and won the second place.
Soon, came the golden lining, when young Schumacher was selected to drive for ‘Jordan Grand Prix’ team in Formula One. That was the year 1991, and he finished in the seventh place. It was a big achievement for the youngster. Following year, he participated in Mexican and Belgian Grand Prix in Formula One, finishing third at first, but clinching a well-deserved victory latter. He then signed a contract with ‘Benetton’ team.
After joining the Benetton team, Michael Schumacher won the Portuguese Grand Prix, that was the only win of the season. In 1994, Michael Schumacher showed signs of improvement by winning nine races out of possible sixteen. That was the first time he won his Formula One Championship. The same season, young “Shumi” was in a bit of controversy, when he was involved in an accident with a British diver Damon Hill. Following year, he again clinched his second Formula One Championship Title with Benetton team.
In 1996, Michael Schumacher signed a contract with Ferrari and drove for them till 2006. From 1996 to 1999, Schumacher didn’t win a single title. But 2000 was a completely different year for him. He won the Formula One Championship with Ferrari for the first time. Then, there was no stopping for Michael, as he won five consecutive Formula One Championship with Ferrari and became the first-ever driver to do it.
In 2005, he finished the championship in 3rd place and in 2006, he took retirement from Formula One. He made his comeback in Formula One in 2010 with Mercedes team and drove for them till 2012.
Awards & Achievements
Michael Schumacher is one of the best Formula One drivers in the history of the sports and has received many honors for the same. He received a title of ‘UNESCO Champion’ for his contribution to the charity. He was also awarded ‘FIA Gold Medal For Motor Sport.’ The French Government honored him with the prestigious ‘Officier of Légion d’honneur.’
Net Worth of Michael Schumacher
The estimated net worth of Michael Schumacher is approximately $800 million. According to the reports, he was getting a salary of $50 million. His tremendous net worth is the result of his success in the world of Formula One.
The German who was destined to achieve greatness in the world of motorsports, Michael Schumacher is the greatest Formula One driver the world has ever seen. It is a real tragedy what happened to him in mountains of Alps and hope, that he will have a fast speedy recovery, just fast as he used to drive his Formula One car.