The latest addition to the race winners list, George Russell is determined to join the ranks of World Champions soon. From a young age, he knew he wanted to drive for Mercedes and Formula 1 was where he belonged. To impress the Mercedes bosses during his F2 stint, Russell gave a PowerPoint presentation on why he belongs in Formula 1.
Impressed by the youngsters, Mercedes guaranteed a spot for him in Williams for the 2019 season. After three long and tough years with Williams, Russell became a Mercedes Formula 1 driver in 2022. With a race win and multiple podiums to his name, Russell has started becoming a prominent figure in motorsports.
| Name | George Russell |
| Net Worth | $16 million |
| Age | 25 years |
| Residence | London |
| Position | Formula 1 Racing Driver |
| Marital Status | Unmarried |
| Source of Wealth | Salary, Endorsements |
| Salary | $10 million |
| Endorsements | IWC Watches, Tommy Hilfiger, The Self Space |
| Endorsement Earnings | $1 million |
George Russell Net Worth in 2024
George Russell is estimated to have a net worth of approximately $16 million. One of the youngest on the grid and with only five years into Formula 1, Russell is one of the talents to look out for. With Mercedes Formula 1 team-related endorsements as well as merchandise sales, Russell is quickly building his wealth.
George Russell Salary
George Russell is reported to be earning a salary of $10 million every season. His salary can be broken down into a base salary of $3 million and a $7 million bonus. This bonus was possible as he finished 4th in the driver’s standings in 2021 and also got his maiden race win. This makes him the 10th highest-paid driver on the grid. It is also a huge bump on his Williams salary which was around $1 million.
George Russell Endorsements
Russell’s move to a top team like Mercedes has helped him close many brand deals. This includes high-profile brands like Tommy Hilfiger, IWC Watches, and many more. He partners with upcoming and well-renowned brands like Self Space. His brand portfolio keeps increasing with every race and is endorsing his Formula 1 team’s sponsors as well.
George Russell Investments
Russell has not made his investment dealings public.
George Russell Other Sources of Income
George Russell is able to garner wealth from his Mercedes Driver merchandise.
George Russell House
Russell currently rents a flat in London but plans to move to Monaco, like the other drivers on the grid soon. He also spent 2020 with his family during the lockdown.
George Russell Car
George Russell's passion for cars extends beyond the racetrack, evident from his growing car collection. His love for Mercedes extends further than Formula 1. He owns Mercedes AMG GT and Mercedes AMG C63.
George Russell Charity Work
George Russell was one of the drivers who was part of the Virtual Grand Prix which was for charity. He did this with his then-teammate at Williams, Nicholas Latifi. This was a successful effort to raise money during the pandemic and was able to help many families. Russell, Alex Albon, Lewis Hamilton, and Lando Norris also launched the #HomeAdvantage campaign. This is a charitable effort by the drivers on the occasion of Mother’s Day in 2023.
FAQs
Q. How much does George Russell make with Mercedes?
A. George Russell is reported to have a salary of $4 million driving for Mercedes.
A. George Russell is reported to have a salary of $4 million driving for Mercedes.
Q. What is George Russell's net worth?
A. George Russell's net worth is $16 million.
A. George Russell's net worth is $16 million.
Q. Who is the richest Team Principal in Formula 1?
A. Toto Wolff, the Team Principal of Mercedes AMG, is the richest with a net worth of $440 million.
A. Toto Wolff, the Team Principal of Mercedes AMG, is the richest with a net worth of $440 million.
Q. What is George Russell’s car number?
A. George Russell uses number 63 in Formula 1.
A. George Russell uses number 63 in Formula 1.
