Carlos Sainz Jr's net worth

By   |   Published 21st April 2022

Carlos Sainz Jr's Net Worth

The estimated net worth of Carlos Sainz Jr is $45 million.

Early life

Carlos Sainz Jr. is a Spanish racing driver, born on September 1, 1994 in Madrid, Spain. His mother is called Reyes Vasquez de Castro and his father is Carlos Sainz Sr., is the double world rally champion.

Education

Carlos Sainz Jr started driving at age eight after being inspired by his father, Formula One driver Carlos Sainz. Sainz Jr subsequently competed in karting from age 10 to 16 and was signed as a Red Bull junior in 2010.

He became champion of the Formula Renault 2.0 Northern European Cup in 2011 and finished runner-up to Daniil Kvyat in the Eurocup Formula Renault 2.0 championship.

In 2012, Sainz competed in Formula 3 Euro Series and the FIA European Formula 3 Championship. He ended the year with a championship position of fourth.

In 2013, Sainz joined the Scuderia Toro Rosso Formula One team as a test driver and reserve driver. He was promoted to full-time driver at the Malaysian Grand Prix, replacing Jean-Éric Vergne.

Sainz Jr competes under the Spanish flag in Formula One because the double World Champion Fernando Alonso is also from Spain.

Family Life

When he's not on the road during the F1 season, Carlos the Spanish race car driver, resides in Madrid, Spain with his partner Isabel Hernaez.

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How did Carlos Sainz build his net worth?

Carlos Sainz Jr is one of the most successful drivers in the F1 Championship.

He built the bulk of his wealth through his career earnings and numerous sponsorship and endorsement deals.

The driver received an annual base salary of $5 million from McLaren, and his move to Ferrari to replace the exit of Vettel in 2021 saw him start with the team at an $8 million salary, but with options for bonuses.

Sainz's #6 finish in the 2020 season for the second consecutive year saw him accumulate 105 points with six top-5 finishes, a career-high.

As a result, Ferrari upped his salary to $10 million. Sainz is one of the highest-paid drivers in Formula One. However, his salary pales compared to the $55 million salary earned by Lewis Hamilton.

Currently, Sainz is the seventh-highest paid driver in F1 and tie with Kimi Raikkonen, Lance Stroll, and Valtteri Bottas for the #7 spot on the highest-paid driver list. The Spanish driver also receives income through several sponsorships.

His primary sponsor is the beer company "Estrella Galicia," and he has other deals with leading brands like PlayStation, Michelin, and Shiseido Men.

According to reports, Sainz earns around $4 million to $7 million in sponsorships and endorsement deals each year.

How have Carlos Sainz Jr spent his wealth?

Sainz Jr has put a lot of his money into real estate. He has property in Spain and Italy.

Naturally he drives an incredible lineup of sports cars from Mclaren and Ferrari.

And in the water Carlos loves his classic Riva Yacht and 55 Van Dutch boat.

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FAQs

How rich is Carlos Sainz Jr?

The net worth of Carlos Sainz Jr is $45 million and is likely to keep rising if he can keep his F1 career on track.

Was Carlos Sainz Jr born rich?

Yes, he was born and raised in a wealthy Spanish family. His father, Carlos Sainz Snr was a champion rally driver and had Carlos Sainz Jr driving go-karts and race cars since the age of 8. That said, he also worked hard to get to where he is at today.

Image: Flickr