Filed under: Motorsports, Marketing/Advertising, Earnings/Financials
Schumi's retired, but he still makes more than you
For a retiree, Michael Schumacher sure has been getting a lot of press lately. If he's not testing prototypes for Ferrari, he's taking on rivals in the Race of Champions or getting in trouble with the fuzz for driving a taxi. But the 7-time world champion is also making an awful lot of money for someone who isn't even working.
Thanks to continued partnerships with some of Schumacher's biggest sponsors, the driving superstar is expected to pull in a staggering €35 million over the next seven years, taking his sponsorship deals through 2014.
Schumi's manager Willi Weber has been hard at work maintaining the commercial relationships with such big sponsors as Shell, Omega and Deutsche Vermogenberatung. At this year's RoC, the champ wore a white, black and orange suit decked out in sponsor's logos instead of the scarlet he wore while driving for Ferrari.
[Source: F1-Live, Photo by Ryan Pierse/Getty]
Reader Comments (Page 1 of 1)
Honest Abe 8:54PM (12/20/2007)
In the picture....Are you trying to point out that a star of an international racing series makes more then a star of a local racing series based in one country mainly?
lol
Hey formula one heads.... got tickets the us grand prix yet? lol Who needs a formula one race in America. America is just small cheese, right?
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geo.stewart 7:32AM (12/21/2007)
ah but JJ brought home 15M US in prize winnings alone each of the last two yrs. he probably gets 1/2 that so 7.5 in winnings vs. 7M/yr US for schumi, plus JJ has endorsements which are good for another few million.
I'll grant Schumi makes more than me, and while he is retired from racing, he's not retired from Ferrari.
Pdidly 4:40PM (12/21/2007)
It is silly to compare the two. One is worldwide sport. The other a regional sport.
tex 10:46PM (12/20/2007)
NASCRAP sucks. Period. End-of-story.
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Harrison 11:11PM (12/20/2007)
This is begging to be Sniff Petrol-ed.
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geo.stewart 7:34AM (12/21/2007)
the captions probably hint that schumi cant make enough in europe and that JJ would like to keep schumi out of NASCAR and
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geo.stewart 7:34AM (12/21/2007)
the captions probably hint that schumi cant make enough in europe and that JJ would like to keep schumi out of NASCAR and
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HeyHuub 9:18AM (12/21/2007)
Can't make enough in Europe? He is one of the best paid sportsman of all time.
In 2005 he earned something like 110 million euros.