Netflix's 'Schumacher': What is the Formula One legend's net worth?

His net worth was one of the constant topics of discussion during his scintillating career and after the traumatic skiing injury he suffered in 2013


                            Netflix's 'Schumacher': What is the Formula One legend's net worth?
Michael Schumacher of Germany and Mercedes GP (Photo by Mark Thompson/Getty Images)

Seven-time Formula One World Championship driver, Michael Schumacher is garnering headlines again. This time, it's for the Netflix documentary 'Schumacher' that follows his life and times on the track and off of it. The German driver's glorious racing career was cut short after he suffered a traumatic brain injury in a terrible skiing accident in December 2013. What followed was intense and round-the-clock treatment as he was placed in a medically induced coma and has been away from the public eye since then.

Over the years, it wasn't just special occasions that Schumacher would be remembered for. His personal life was a topic of discussion, especially with his family providing sporadic updates about his recovery progress. His net worth was one of the discussions following the accident, as he was subjected to various treatments with the hope that he would return to normal. 

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Michael Schumacher (Photo by Clive Mason/Getty Images)

What is Michael Schumacher's net worth?

It wasn't just the decorated career that he enjoyed during his stints with Ferrari and Mercedes. Schumacher's racing days also saw him rake in the moolah. At the time of his retirement from the sport in 2012, he held the records for the most wins (91), pole positions (68), and podium finishes (155) in the sport. And when he wasn't racing, there were enough endorsements that added to the money he was earning.

According to Celebrity Net Worth, Schumacher is estimated to be worth $600 million. His yearly salary would range between $80-100 million and the site also states that he is one of the few athletes whose earnings touched a billion during the active days. He and his wife, Corrine Schumacher also own real estate across the globe.

At the time of his skiing accident, he and his wife resided at their mansion in Switzerland that was located on the shores of Lake Geneva. They reportedly also own a horse ranch in Texas along with three luxurious homes and a private jet. His cars collection is quite enviable. Some of the mean machines in his garage include the Ferrari FXX, a Fiat 500 Abarth, and a Ferrari F430 Scuderia. His workplace was also part of his Switzerland home that reportedly is the home for a 10 cylinder Ferrari car, probably one of his title-winning machines.

Michael Schumacher of Germany, seven-time Formula One World Champion, and wife Corinna attend the 2006 FIA Gala Prize Giving Ceremony held at the Salle des Etoiles Sporting Club on December 8, 2006 in Monte Carlo, Monaco. (Photo by FIA via Getty Images)

After his tragic accident, Michael's wife made suitable arrangements in the house to tend to his medical needs, costing around $17 million. In a few months after his accident, he was shifted there. But the Schumacher family reportedly no longer resides there. Corinna bought Real Madrid FC’s President, Florentino Perez’s house in Mallorca, Spain around 2017. And according to reports, the family has been living in Spain since then.

The official synopsis of the documentary reads: "Fully supported by Michael Schumacher’s family, SCHUMACHER features rare interviews and previously undisclosed archival footage and draws a very sensitive yet critical portrait of the seven-time World Champion. The documentary explores the many facets that made and define this complex athlete and accompanies him on his meteoric rise in this challenging and dangerous sport, which is followed by millions worldwide. Hanns-Bruno Kammertöns, Vanessa Nöcker, Michael Wech helm the project. 

'Schumacher' premieres on September 15 on Netflix.

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