We examine all details regarding George Russell new contract with Mercedes, which will see him remain with the team through 2025 along with his extension salary and net worth in 2023
On Thursday, George Russell revealed information regarding his contract extension with F1 powerhouse Mercedes. With this contract, it is confirmed that Russell will stay in the team till 2025 Formula One Season.
George Russell Mercedes F1 contract extension details, salary structure, net worth in 2023
It’s official. I'm delighted to announce my extension with @MercedesAMGF1. 💙
This team has been my home ever since I signed to the junior programme in 2017 and I'm grateful to have the opportunity to reward the trust and belief that Toto and everyone at Brackley and Brixworth… pic.twitter.com/5tO5ogAtrX
— George Russell (@GeorgeRussell63) August 31, 2023
How George Russell was recruited by Mercedes?
Despite having a brief career in Formula 1, George Russell is labelled as one of the most skilled young drivers. Although Hamilton is the face of Mercedes and is one of the highest-paid drivers, Russell has frequently managed to steal the spotlight by managing podium finishes.
Since making his Williams Racing team debut in 2019, George has climbed the ranks with each podium finish and is now regarded as a fierce competitor. Many years after the end of Williams’ heyday, he secured them a podium result. Russell was requested to fill Lewis Hamilton’s seat in Mercedes after the driver tested positive for COVID-19. Russell performed excellently and outperformed Valtteri Bottas, impressing Toto Wolff enough to sign Russell for the team.
How much will George Russell earn after his contract renewal with Mercedes?
George Russell has established a reputation in the motorsports world despite his young. His rising fame portends that his economic worth will keep increasing over the next years. The young British man currently has a net worth of $18 million, but because of his relationship with Mercedes, there is a probability of an increase that will eventually skyrocket his net worth.
His ability to win a championship in the future has been heavily discussed given his past. As of 2023, Russell is earning $8 Million per year due to his Mercedes contract. However, there is no confirmation on whether he will be getting a pay rise because of his renewed partnership with the organization, which will run through 2025.
Bell Helmets, Alpinestars, BRDC, AMG, and none other than Mercedes are among the brands that promote Russell. He earns additional income from investments, book deals, and other sources in addition to his driver’s salary. He lives in a leased flat in London’s capital despite earning such a hefty salary.
His collection of high-end vehicles includes the Bentley Bentayga, a BMW X6, a Ferrari 812 Red, a Mercedes-Benz AMG GT, a McLaren GT, and a Mercedes-Benz AMG GT. None of these vehicles is worth less than $100,000. Along with his career in racing, George Russell is a passionate supporter of philanthropic causes and has given to groups like the Laureus World Sports Academy, Race Against Dementia, and a few more.
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