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How much money does Michael Schumacher earn?

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Quick Answer

Former German Formula One race car driver Michael Schumacher earned an annual salary of $50 million at the peak of his racing career. One of the highest-paid athletes in the world, Schumacher's estimated net worth in 2014 is $800 million.

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Full Answer

Michael Schumacher made his Formula One debut in 1991 and went on to win the Formula One world driver's championship seven times, with wins in 1994, 1995, 2000, 2001, 2002, 2003 and 2004. He first retired in 2006, and, after a brief comeback, retired for good at the end of 2012. As of 2014, Schumacher resides in his 7,000 square foot house in Switzerland with his wife, children and dogs.

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