What does Max Verstappen earn from merchandise?
Although only 26 years old, Max Verstappen is already in an illustrious league. Indeed, he is the highest-paid sportsman in the Netherlands, and that by a wide margin, as the third highest-paid sportsman in the Netherlands does not even come close to half the amount Max Verstappen earns on an annual basis with the Red Bull Racing team. But how much does this Max Verstappen earn? We have delved into this question and have come up with an answer that will amaze you.
Income at Red Bull racing
Max Verstappen has been running in Formula 1 for a while now, and with his talent and the performances he has shown, it is no secret that this best man is one of the highest-paid drivers in the king class. After his first championship in 2021, it was revealed that Max Verstappen has extended his contract until mid-2028. This length of contract for such a long period had never before been seen in Formula 1. This confidence Max Verstappen has in the team and the team with him also gives Max Verstappen a nice bonus. Indeed, this contract states that Max Verstappen will earn a whopping $55 million on an annual basis (converted to $45 million) with the Red Bull Racing team. This means that this young man of just 26 years old earns a sloppy $6261 thousand per hour, which is $104.35 per second. However, this is not Max Verstappen’s only source of income
Income from sponsors
Apart from his exorbitant annual salary at Red Bull Racing, he also has another major source of income. Perhaps you guessed it because the sport is characterised by it, namely sponsors. There are a lot of sponsors in this sport. The bolides and racing overalls are completely covered with well-known brands that pay a hefty sum to be on them. Our Max Verstappen also has a number of personal sponsors, these are brands such as:
- Heineken
- Viaplay
- EA Sports
- ByBit
- Schuberth
Unfortunately, the exact figures these well-known brands pay to Max Verstappen are not known. But it will reportedly be around €5 million a year.
Are there any other revenues?
Besides his paycheck at Red Bull and a number of well-known international sponsors, Max Verstappen has an added bonus – bonuses linked to his performance. For every point he brings in for the team, he receives $12,000. Last season, Max Verstappen had earned a record number of points, this was a whopping 575, so this means he receives almost $7 million. He also received a number of other bonuses, such as securing the world title. This amount is reportedly in the region of 23 million
Finally, Max Verstappen receives a fine amount of merchandise. These caps, shirts and jackets sell like hot cakes. No sales figures are available, but many people are willing to pay 50 euros for a cap bearing his name, so it is certainly lucrative.
So what does Max Verstappen earn annually
Now only one question remains, and that is how much Max Verstappen earns. We cannot provide you with exact figures, as there is deliberate discretion about content. But from our research, we can give you a rough estimate. Max Verstappen’s gargantuan fortune is around 70 million euros.
Is Max Verstappen the highest-paid driver?
The driver who dominated the sport for a long time and also had the highest salary in the process was Lewis Hamilton. But because of Max Verstappen’s latest 2022 contract, he has passed Lewis Hamilton. In fact, Max Verstappen earns 5 million more. This makes our Max Verstappen not only the best paid athlete, but also the best paid Formula 1 driver.
