How Much Is Lewis Hamilton`s Contract Worth

Lewis Hamilton is undoubtedly one of the biggest names in Formula One racing. As a seven-time World Champion, Hamilton has a tremendous fan following around the world, with his achievements making him among the highest-paid athletes globally. One of the most common questions asked by fans and sports enthusiasts is about the value of Lewis Hamilton`s contract. So, how much is Lewis Hamilton`s contract worth? Let`s find out.

At present, Lewis Hamilton has a contract with Mercedes-AMG Petronas Formula One Team, which runs until the end of 2021. The deal is reported to be worth around $40 million annually. However, it is important to note that this is just the base salary. Hamilton is known to have numerous lucrative sponsorship deals that add significantly to his net worth. Hamilton is associated with several brands such as Tommy Hilfiger, Puma, Monster Energy, and Bose, among others. These deals usually come with hefty payouts that increase his overall income significantly.

Apart from the base salary and the endorsements, Lewis Hamilton also stands to earn a bonus for every race he wins. Reports suggest that the bonus could be as high as $10 million per race victory. This is in addition to the bonuses he earns for winning the Drivers` and Constructors` Championships. The team also provides Hamilton with a private jet and a car, which are additional perks to his contract.

It is worth noting that the value of Hamilton`s contract could increase in the future, depending on his performance on the track. If he continues to win races and championships, the team will be more than willing to offer him a higher fee.

In conclusion, Lewis Hamilton`s contract with Mercedes-AMG Petronas Formula One Team is worth around $40 million annually, with additional bonuses for every race win. However, his overall net worth is much higher due to his numerous sponsorship deals. As one of the most successful and popular athletes in the world, Hamilton`s value is only set to increase in the future.