Lewis Hamilton recently signed a new contract extension with Mercedes and here is all you need to know about the deal, have a look at his new salary and net worth in 2023
In order to maintain himself at Mercedes through the conclusion of the 2025 season, Lewis Hamilton has finally signed a new contract.
Lewis Hamilton Mercedes F1 contract extension value details, salary and net worth in 2023
After the two parties were unable to reach an agreement over the winter break, Hamilton entered the final year of his contract in 2023, which sparked intense speculation about the terms of his contract with the Silver Arrows. The agreement that will keep the seven-time World Champion at Brackley for an additional two years has now been extended.
Nearly ten years of Lewis Hamilton’s career have been dedicated to the team. He obviously considers the team to be a family. Hamilton has won every major championship with Mercedes throughout his career. Mercedes and Hamilton have been together through it all hand in hand, from racking up 103 victories to becoming a seven-time world champion.
Lewis Hamilton surpasses all other drivers on the grid in terms of pay
With his Mercedes contract, Lewis Hamilton was previously paid an estimated $45 million. He was now the second-highest paid driver on the grid as a result. However, according to TalkSport, the British driver will now earn $60 million year with his new contract extension, making him the highest-paid driver on the grid.
Hamilton requested a pay increase as part of the contract, making him the highest-paid driver on the grid. Hamilton had desired a five-year contract, but ultimately settled for a two-year term. The driver will compete for his eighth title now that his stay has been confirmed. Although Mercedes is second in the Constructors Championship, they are far behind in terms of winning. Only Hamilton’s podium performances have resulted in points for the squad.
But now that his contract extension has been authorised, he gets a further two years to help the squad win a championship. Hamilton can only battle back the next season as Max Verstappen is already on the verge of winning his third championship.
Hamilton will remain in F1 until end of 2025 after signing a new contract to stay at Mercedes; Hamilton is the most successful Formula 1 driver of all time with a record-equalling seven world titles, plus the most wins in the sport; George Russell also stays with Mercedes until 2025.
Legendary Formula One driver Lewis Hamilton is one of the richest athletes in the world. After winning 7 World Championships, including a record 103 races, he is considered the highest-earning driver in F1 history and the Mercedes-AMG Petronas team member has an approximate net worth of $285 million dollars.
Lewis Hamilton and George Russell are in the grid, though, and Mercedes is hopeful for the future. In their performances, both drivers have displayed promise.