What is Carlos Sainz Net Worth as of 2024?

Carlos Sainz Jr
Carlos Sainz Jr

Carlos Sainz Jr. was born on September 1, 1994, in Madrid, Spain. He is the son of World Rally champion Carlos Sainz who gained attention with his breakthrough podium finish for McLaren at the 2019 Brazilian Grand Prix. His F1 journey took a positive turn with McLaren, followed by a promising start at Scuderia Ferrari. Carlos started his racing journey with Toro Rosso alongside Max Verstappen, in 2015. He then joined Renault in 2017, replacing Jolyon Palmer. Carlos’s F1 path showcases both his individual on-track accomplishments and his family’s racing legacy.


NameCarlos Sainz Vázquez de Castro
Net Worth$49 million
Age29 years old
ResidenceSpain
PositionRacing Driver
Marital StatusUnmarried
Source of WealthScuderia Ferrari racing and Endorsements
Salary$10 M
EndorsementsEstrella Galicia, Mclaren, Playstation, and Shiseido Men
Endorsement Earnings$4M to $7M


Carlos Sainz’s Net Worth 2024

Carlos Sainz has become a prominent figure in the F1 Championship due to his impressive successes. His earnings primarily come from his racing career and various sponsorship agreements. Carlos received a rise in salary and an extension of his Ferrari contract in April 2022, extending it until 2024. According to calculations, the new contract conditions may potentially increase his net worth to $49 million.


Carlos Sainz Salary

Carlos Sainz earned an annual salary of $8 million while at McLaren, and this amount carried over to his tenure with Ferrari, along with added performance-based bonuses. He prolonged his association with Scuderia Ferrari until 2024, securing a projected $10 million yearly remuneration. Carlos presently shares the seventh position on F1 salary ranking with Kimi Raikkonen, Lance Stroll, and Valtteri Bottas. The Spanish racer also garners income from multiple sponsorships, estimated between $4 million to $7 million annually.


Carlos Sainz Endorsements

Carlos Sainz is proudly endorsed by various esteemed brands, including Scuderia Ferrari, Estrella Galicia, Schuberth, PlayStation, and Shiseido Me. These endorsements reflect his strong presence in the world of motorsports and his appeal to diverse audiences. Aligning with these reputable companies highlights Carlos's success as a Formula One driver and underscores his ability to connect with fans and consumers. Through these collaborations, Carlos extends his influence beyond the racetrack, contributing to his image as a prominent figure in both the racing community and the broader market.


Carlos Sainz Investments

Carlos Sainz has put his money into two companies, TMRW Sports and Eleven Sports, which work with sports technology. He believes that these businesses have a lot of room to develop. The world will have to wait and see how well these investments turn out, similar to a race.


Carlos Sainz Other Sources of Income

Carlos Sainz earns money via endorsement deals and writing books. He keeps his finances stable, which enables him to continue competing in Formula One.Carlos Sainz House


Carlos Sainz owns another housing property, a contemporary-styled one, in Sassuolo, Italy, in addition to his home in Spain. The house boasts a spacious garage, a pool, and a garden, reflecting his affinity for cars and relaxation. The house, with minimalist decor and modern technology, was purchased in 2021. The spacious garage accommodates his entire car collection, including his prized Ferrari F1 vehicle. The pool offers a serene spot for post-race unwinding, while the garden is perfect for hosting gatherings. With luxury and style, Carlos's home serves as a haven for rest after races and a venue for spending quality time with loved ones.


Carlos Sainz Car

Carlos Sainz possesses an impressive assortment of top-tier luxury sports cars. His collection includes renowned models like the Bentley Continental GT, Ferrari Roma, Ferrari 812, Mercedes-Benz AMG GT, and McLaren 720S.


Carlos Sainz Charity Work

Just like many other athletes, Carlos also plays in charity soccer matches. This shows his dedication to helping others and spending time with fellow athletes outside of racing.


FAQs

Q. How old is Carlos Sainz?

A. As of January 2024, Carlos Sainz is 29 years old. He was born on September 1, 1994, in Madrid, Spain.

Q. What is Carlos Sainz’s height?

A. Carlos Sainz's height is 178 cm (5 ft 10 in).

Q. For which team did Carlos Sainz race?

A. Sergio Perez currently race for Ferrari. 

Q. Who is the best friend of Carlos Sainz?

A. British-Belgian F1 racing driver, Lando Norris and Carlos Sainz have cultivated a heartwarming friendship within the F1 paddock, showcasing one of the most genuine bonds in the sport. 

Q. What is Carlos Sainz’s helmet design?

A. Carlos Sainz's new helmet design showcases a matte rendition of his previous design. The updated helmet incorporates fresh sponsorship logos for Velas, Santander, and the Ferrari emblem. The design elements, including the number 55 and the chili pepper symbol, remain consistent.

App download animated image Get the free App now