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Michael Schumacher Net Worth

Michael Schumacher Net Worth 2020

Michael Schumacher is a famous racing driver of Germany who also competed in Formula One for Ferrari, Benetton and he has spent most of his career and for Mercedes even during the return for this sport. He is known as one of the best drivers of the Formula One championship. He is the only driver who has won seven Championships of Formula One till now.

He has won thirteen races in a single season only. When he was a child, he got huge success in karting. He won five titles from the year 2000 to the year 2004 and then in the year 2002; he won six races. If you are interested to know more about life and the net worth of Michael Schumacher in 2020, then you can read this article ahead.

Early Life & Biography

Michael Schumacher Net Worth 2020

He was born on 3rd January in the year 1969 in Hurth, and his father was Rolf Schumacher and mother was Elisabeth. When he was just 4, his father added motorcycle engine on his pedal kart. Schumacher crashed it in, and then his parents took him at karting track. He became the youngest person to get enrolled in the karting club.

His father built a cart for him with the discarded parts. When he was 6, he won a championship at the club. His mother used to work in canteen and father started doing another job to help Michael in the racing career. There was a time when he needed a new engine which had a high cost and then he continued to do racing with the help of a rich local businessman.

Personal Life

He has got a younger brother named Ralf who is also a racing driver, and he started in the year 1997 and continued till 2007. In the year 1995, Michael got married to Corrina Betsch. Both of them have two children, and he has also been protective of his personal life. He has always hated the spotlight on celebrities and their families.

In the year 2007, he shifted to a new mansion in Gland with his family and had a private beach on the Lake Geneva. He has his wife also has got horse ranches in Switzerland and Texas. They have got two dogs, and his hobbies are horse riding and playing football. He has also appeared in the charities of various football games.

Career, Awards & Nominations

Schumacher started his career with Formula One Championships from the year 1991 and then continued to play at different racing championships. He has been able to receive many honors in his lifetime. He also remains involved in charities and donations, and he also contributes money for child education. He has received many nominations and awards till now and gained huge love from his fans across the world.

Net Worth & Earnings

The net worth of Michael Schumacher is around $850 million which he accumulated by being a champion in Formula One championships. His career started in the year 1991 and ended in the year 2006. In the year 2010, he made a comeback with his Mercedes GP. He was interested in this sport from a young age, and that’s why he entered in this sports.

In Germany, one can’t get a license before the age of 14, but he got a license at the age of twelve only. In the year 1983, he got his license of Germany, and then he won the Junior Kart Championship in Germany. He won many European and German Kart championships from the year 1984. He quit his school and then started working as a mechanic as he was fond of cars and their body style.

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