Max Verstappen Net Worth 2023, Bio, Career, Car, Salary, Earnings

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If you want to know about Max Verstappen Net Worth, Biography, Age, Wife, Height, Weight, and other details, you can find them on this page. Max Verstappen is a famous Dutch-Belgian racing driver and the 2021 and 2022 Formula One World Champion, who has a net worth of US$210 million as of 2023.

Who is Max Verstappen?

Max Emilian Verstappen is a racing driver from the Netherlands and Belgium. He is a two-time Formula One World Champion, winning the title in 2021 and 2022. Verstappen competes for Red Bull Racing in Formula One and represents the Dutch flag.

Max Verstappen Net Worth
Max Verstappen Net Worth (Photo: Max Verstappen Instagram)

His parents, Jos Verstappen, and Sophie Kumpen, are also former racing drivers. Verstappen had a successful career in karting and single-seater categories, setting numerous records along the way, including in KF3, WSK World Series, KZ2, and European Formula 3.

Who is Max Verstappen in a nutshell
Full NameMax Emilian Verstappen
Date of BirthSep 30, 1997
Age25 years old
Place of BirthHasselt, Belgium
OccupationRacing driver
NationalityDutch

Max Verstappen Net Worth

Max Verstappen is a racing driver of Belgian-Dutch nationality, known for his impressive net worth of $210 million. He made history at the age of 17 when he became the youngest Formula One driver ever to compete at the Australian Grand Prix in 2015. In 2021, Verstappen achieved a remarkable feat by winning the Formula One World Championship with Red Bull Racing.

Max Verstappen Net Worth in 2023
Net Worth$210 Million
Assets$120 Million
Liabilities & Loans$12 Million
Investments$55 Million
Brand Endorsement Fee$7 Million

Hailing from a family deeply rooted in Formula One, Verstappen follows in the footsteps of his father, Jos Verstappen, who also competed in the sport. Max began his Formula One career with Scuderia Toro Rosso in 2015 before transitioning to Red Bull Racing in 2016. At just 18 years old, he secured a historic victory at the 2016 Spanish Grand Prix, making him the youngest driver ever to win a Grand Prix.

Verstappen’s triumphs continued to soar as he clinched the Formula One World Championship with a stellar performance at the 2021 Abu Dhabi Grand Prix, making him the first Dutch driver to achieve this prestigious title. With 19 victories under his belt, Verstappen has played a significant role in the resurgence of Honda-powered cars. He finished in third place in both 2019 and 2020 before his breakthrough win in 2021.

Demonstrating his commitment to Red Bull Racing, Verstappen signed a contract extension in 2020 that will keep him with the team until 2023, ensuring a continued partnership in his Formula One journey.

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Max Verstappen’s Salary

Max Verstappen’s Career Earnings

Max Verstappen, the talented racing driver, has signed a lucrative contract with the Red Bull racing team. The agreement secures him a substantial salary of $55 million until 2028. Over the course of his career, Verstappen has accumulated impressive earnings, as outlined below:

  • Total Career Earnings: Undisclosed
  • Salary (2028): $55 million (estimated)
  • Previous Salary Information: Not specified

Verstappen’s exceptional skills and achievements on the race track have not only earned him recognition but also substantial financial rewards. His ongoing partnership with the Red Bull racing team ensures a prosperous future for this accomplished driver.

Max Verstappen’s Salary Growth
Salary in 2023$55 Million
Salary in 2022$54 Million
Salary in 2021$40 Million
Salary in 2020$35 Million
Salary in 2019$32 Million
Salary in 2018$30 Million
Salary in 2017$26 Million
Salary in 2016$15 Million
Salary in 2015$8 Million
Salary in 2014$5 Million

Estimated Career Earnings

A look at the calculated cash earnings for Max Verstappen.

YearTeamSalaryTotal Cash
2015Red Bull$277,500$277,500
2016Red Bull$650,000$650,000
2017Red Bull$3,000,000$3,000,000
2018Red Bull$10,000,000$10,000,000
2019Red Bull$13,500,000$13,500,000
2020Red Bull$26,000,000$26,000,000
2021Red Bull$25,000,000$42,000,000
2022Red Bull$25,000,000$25,000,000
2023Red Bull$55,000,000$55,000,000
Est. Earnings (9 seasons)$158,427,500$175,427,500
SeasonsTeamSalaryTotal Cash
1 seasonRed Bull$277,500$277,500
8 seasonsRed Bull$158,150,000$175,150,000

Max Verstappen Bio

Born on September 30, 1997, in Hasselt, Belgium, Max Emilian Verstappen is the son of Jos Verstappen and Sophie Kumpen. He has a younger sister named Victoria. Despite competing in Formula One for more than a season, Max Verstappen obtained his road driving license on his 18th birthday. In November 2020, Max Verstappen made headlines when he purchased a Dassault Falcon 900EX aircraft from Virgin Galactic. His initial encounter with a racing car occurred at the Pembrey Circuit on October 11, 2013.

On January 16, 2014, an announcement was made regarding Max Verstappen’s racing debut in the Florida Winter Series. Remarkably, at the age of 16, he achieved a record-breaking six consecutive victories in the series, securing a total of ten wins, along with eight retirements and one DNS (did not start). This performance led him to a commendable third place in the overall rankings.

Max Verstappen bio in a nutshell
Celebrated NameMax Verstappen
Full NameMax Emilian Verstappen
Age25 years
Date of Birth30 September 1997
BirthplaceHasselt, Belgium
OccupationsRacing driver
ParentsJos Verstappen (Father), Sophie Kumpen (Mother)
PartnerKelly Piquet
Height/td>5 ft 9 in (1.81 m)
Weight158 lb (72 kg)
Worth:$210 Million

In August 2014, Max Verstappen’s impressive performance during a Formula Renault 3.5 car test led him to join the Red Bull Junior Team. Remarkably, he made history by becoming the youngest driver to start a World Championship race, entering the sport a year prior to the new license restriction.

Max Verstappen joined Toro Rosso, where he teamed up with Carlos Sainz. However, his journey faced a significant challenge at the 2015 Monaco Grand Prix. While approaching the tight first corner, Sainte Devote, he collided with Romain Grosjean’s Lotus, after clipping the back of Grosjean’s car. The collision resulted in a high-speed crash into the barriers.

Early Life

Early Life and Family Background

Born on September 30th, 1997, in Hasselt, Belgium, Max Emilian Verstappen grew up in a family deeply entrenched in the world of motorsports. His father, Jos Verstappen, was a renowned Formula One driver, while his mother also had a background in karting. Max has a younger sister, and together, they were raised in an environment that fostered their passion for racing.

Dutch Identity and Racing Career

Despite being born in Belgium, Verstappen identifies himself as Dutch and competes professionally under the Dutch flag. His Dutch heritage is significant in shaping his racing identity and career trajectory.

Early Start in Karting

Max’s journey in racing began at an astonishingly young age. By the time he was four years old, he was already involved in karting, honing his skills on the track. His natural talent and dedication led him to achieve remarkable success in karting championships, culminating in several titles by the year 2007.

International Karting Success

In 2010, Verstappen stepped into the realm of international karting competitions. At the KF3 World Cup, he showcased his abilities and finished as the runner-up, with Alexander Albon, his future Red Bull Racing teammate, securing the top spot. This achievement solidified Verstappen’s reputation as a formidable force in the karting world.

Transitioning to Formula Racing

Building on his karting triumphs, Max’s sights were set on Formula racing. By the end of 2012, he had amassed a collection of championships at the international level, demonstrating his readiness to make the transition to the next phase of his racing career.

Max Verstappen’s early life and upbringing within a motorsports family laid the foundation for his extraordinary journey in racing. From his impressive start in karting to his emergence as a force to be reckoned with in international competitions, Verstappen’s passion and skill have propelled him to become one of the most prominent figures in Formula One racing today.

Career

Entry into Formula Racing

In 2013, Max Verstappen made his debut in car racing, driving a Formula Renault car at the Pembrey Circuit. Over the next few years, he was impressed with his lap times and skill, surpassing more experienced drivers in testing sessions with various Formula Renault cars.

Racing Success in Formula Three

Verstappen’s talent earned him a spot in the Florida Winter Series in 2014, where he quickly demonstrated his abilities by securing several victories. This success propelled him to the next level, and he moved up to compete in Formula Three. In his inaugural season in the Formula Three FIA European Championship, Verstappen impressed further by claiming third place overall and winning an impressive 10 races.

Path to Formula One

Verstappen’s remarkable performances left no doubt that he was destined for Formula One. In 2014, despite offers from Mercedes, he officially joined the Red Bull Junior Team. Later that year, at the Japanese Grand Prix, he made history as the youngest driver to participate in a Grand Prix weekend, albeit during free practice sessions. The following year, at the Australian Grand Prix, Verstappen became the youngest driver ever to start a World Championship race at just 17 years old. Though his debut was marred by an engine failure, he showcased his potential with strong finishes and received accolades such as “Rookie of the Year,” “Personality of the Year,” and “Action of the Year.”

Promising Start with Red Bull

In 2016, Verstappen began the season with Scuderia Toro Rosso but was swiftly promoted to Red Bull Racing, replacing Daniil Kvyat for the Spanish Grand Prix. In a sensational debut for the team, he triumphed at the Spanish Grand Prix, becoming the youngest-ever Formula One race winner. Throughout the season, his aggressive driving style attracted criticism, and he received warnings from F1 director Charlie Whiting. Notably, he showcased his tenacity during the Brazilian Grand Prix, making a remarkable charge from 16th to the podium in just 15 laps.

Challenges and Steady Improvement

The 2017 season was marked by a series of retirements for Verstappen, some due to collisions and others due to mechanical failures. Nevertheless, he demonstrated progress as the season unfolded. In 2018, Verstappen faced a multitude of incidents, including errors and collisions, but finished the season in a respectable fourth place. The following year, he further improved, securing third place overall with three victories and nine podium finishes.

Championship Battle and Triumph

After signing a contract extension with Red Bull, Verstappen continued to excel in 2020, finishing in third place once again. In 2021, he engaged in a gripping championship battle with Lewis Hamilton, ultimately emerging victorious by overtaking Hamilton on the final lap of the Abu Dhabi Grand Prix, securing his first Formula One World Championship.

Verstappen’s journey in Formula One is a testament to his remarkable talent, perseverance, and determination to succeed at the highest level of motorsport.

Max Verstappen’s Lavish Private Jet

Acquisition of a Luxurious Falcon-900EX

Max Verstappen, known for his success as a Formula One driver, has indulged in the luxury of a private jet. In 2020, he reportedly spent a significant portion of his fortune, approximately 12 million pounds (equivalent to around $16 million), to acquire a stunning Falcon-900EX aircraft. Previously owned by Richard Branson, the renowned entrepreneur, Verstappen seized the opportunity to become the new owner of this magnificent flying machine.

Impressive Features and Performance

The Falcon-900EX boasts impressive features that justify its hefty price tag. Equipped with Honeywell engines, this aircraft offers a range of nearly 9,000 kilometers, allowing Verstappen to effortlessly traverse long distances. With a top speed of up to 892 kilometers per hour, the jet ensures swift and efficient travel to various destinations around the world.

Maintenance and Extravagance

While Verstappen revels in the opulence of his private jet, it’s essential to note the accompanying costs. Maintaining such a luxurious aircraft comes with an annual price tag of approximately 1 million pounds. However, for Verstappen, the convenience, comfort, and flexibility the jet provides make it a worthwhile investment.

Notably, the Falcon-900EX is not merely a means of transportation. It offers additional amenities, including a dedicated bar, ensuring that Verstappen and his entourage can enjoy their time in the sky with ultimate luxury and relaxation.

Max Verstappen’s acquisition of a lavish Falcon-900EX private jet demonstrates his penchant for luxurious experiences and the lifestyle that accompanies his success in Formula One. This state-of-the-art aircraft, with its exceptional performance and opulent features, reflects Verstappen’s ability to indulge in the finer things in life.

Max Verstappen’s Luxurious Residence in Monte Carlo

Extravagant Living in Monte Carlo

Max Verstappen, the esteemed Formula One driver, is said to reside in a lavish penthouse apartment in Monte Carlo, which reportedly carries a price tag of 13 million pounds. However, it is worth noting that Verstappen rents this opulent residence, contrary to the rumors that suggest he owns it outright.

Addressing the Tax Benefit Speculations

Despite speculations surrounding the choice of his residence, Verstappen firmly denies selecting Monte Carlo for its tax advantages. While the principality is known for its favorable tax regulations, Verstappen asserts that this was not a determining factor in his decision to reside there.

Max Verstappen’s luxurious penthouse apartment in Monte Carlo reflects his taste for high-end living. Although he rents the residence and denies any association with tax benefits, his choice of residing in such an exclusive location aligns with the lifestyle befitting a successful Formula One driver.

Verstappen’s Impressive Car Collection

A Passion for Aston Martins

As a prominent Formula One driver, it comes as no surprise that Max Verstappen boasts an impressive private collection of automobiles. Known for his fondness for luxury vehicles, Verstappen’s collection reportedly showcases a particular penchant for Aston Martins. In 2021, it was widely reported that he eagerly awaited the delivery of a stunning 2-million-pound Valkyrie.

Max Verstappen’s love for automobiles is evident through his notable car collection. With a particular affinity for Aston Martins, he awaits the arrival of the highly anticipated Valkyrie. As a successful Formula One driver, Verstappen’s passion for fine automobiles aligns with his exhilarating career on the racetrack.

Max Verstappen Assets & Investments

According to Forbes, Max Verstappen’s asset portfolio includes 5 real estate properties, 11 cars, and 3 luxury yachts. Additionally, he maintains cash reserves exceeding $50 million. Max Verstappen’s investment portfolio consists of 12 stocks valued at approximately $25 million. Here are some of the stocks owned by Max Verstappen:

  • Amazon
  • IBM
  • Visa
  • Apple
  • 3M
  • Netflix

Frequently Asked Questions

Q1. How old is Max Verstappen?

Max Verstappen is 24 years old. He was born on September 30, 1997.

Q2. where is Max Verstappen from?

Max Verstappen is from Belgium. He was born in Hasselt, Belgium.

Q3. How tall is Max Verstappen?

Max Verstappen is 1.85 meters tall (185 cmm).

Q4. When did Max Verstappen join F1?

Max Verstappen joined Formula One in 2015. He was 17 years old when he made his debut.

Q5. How many races has Max Verstappen won?

Max Verstappen has won 24 races in Formula One. He is the youngest driver to win a Formula One race.

Q6. What car does Max Verstappen drive?

Max Verstappen drives the Red Bull RB18.

Q7. How old was Max Verstappen when he started f1?

Max Verstappen was 17 years, and 166 days old when he started Formula One. He is the youngest driver to ever compete in Formula One.

Q8. How much does Max Verstappen make a year?

Max Verstappen earns an annual income exceeding $60 million, primarily derived from his contractual salary with Red Bull and various brand endorsement deals.

Q9. what is Max Verstappen’s net worth?

Max Verstappen’s net worth is estimated to be $210 million as of 2023.

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