Michael Schumacher : Family, Net Worth, Parents, Wife, Children and Career Earnings

Michael Schumacher is a German former racing driver who competed in Formula One for Jordan, Benetton, Ferrari and Mercedes know all about Michael Schumacher Family, Net Worth, Parents, Wife, Children and Career Earnings

Michael Schumacher : Family, Net Worth, Parents, Wife, Children and Career Earnings
Michael Schumacher
  Bio
Name Michael Schumacher
Birthdate ( Age) 3 January 1969
Place of Birth Hürth, Germany
Nationality German
Marital Status  Married
Wife/Partner Corinna Schumacher (m. 1995)
Children Mick Schumacher, Gina-Maria Schumacher
Parents Elisabeth Schumacher, Rolf Schumacher
Profession German former racing driver
Net Worth $600 Million
Last Update August 2021

Michael Schumacher is a German former racing driver who competed in Formula One for Jordan, Benetton, Ferrari and Mercedes. Schumacher has a joint-record seven World Drivers' Championship titles and, at the time of his retirement from the sport in 2012, he held the records for the most wins (91), pole positions (68) and podium finishes (155)—which have since been broken by Lewis Hamilton—while he maintains the records for the most fastest laps (77) and the most races won in a single season (with Sebastian Vettel) (13), amongst others.

An ambassador for UNESCO, Schumacher has been involved in humanitarian projects and has donated tens of millions of dollars to charity. In December 2013, Schumacher suffered a severe brain injury in a skiing accident. He was placed in a medically induced coma until June 2014. 

Early Life and Family 

Schumacher was born in Hürth, North Rhine-Westphalia, in Germany, on 3 January 1969,to Rolf Schumacher, a bricklayer, and his wife Elisabeth. When Schumacher was four, his father modified his pedal kart by adding a small motorcycle engine. When Schumacher crashed it into a lamp post in Kerpen, his parents took him to the karting track at Kerpen-Horrem, where he became the youngest member of the karting club.

His father soon built him a kart from discarded parts and at the age of six Schumacher won his first club championship. To support his son's racing, Rolf Schumacher took on a second job renting and repairing karts, while his wife worked at the track's canteen. Nevertheless, when Michael needed a new engine costing 800 DM, his parents were unable to afford it; he was able to continue racing with support from local businessmen

Michael Schumacher Wife

Michael married Corinna Betsch. They have two children, a daughter Gina-Marie, born 20 February 1997 and a son, Mick, born 22 March 1999. He has always been very protective of his private life and is known to dislike the celebrity spotlight. The family moved to a newly built mansion near Gland, Switzerland in 2007, covering an area of 650-square-metre (7,000 sq ft) with a private beach on Lake Geneva and featuring an underground garage and petrol station, with a vintage Shell fuel pump.Schumacher and his wife own horse ranches in Texasand Switzerland

Michael Schumacher Net Worth

Michael Schumacher is a German former racing driver who competed in Formula One for Jordan, Benetton, Ferrari and Mercedes who has an estimated Net Worth Of $600 Million in 2021.

Professional Career

Schumacher made his Formula One debut with the Jordan-Ford team at the 1991 Belgian Grand Prix, driving car number 32 as a replacement for the imprisoned Bertrand Gachot. Schumacher, still a contracted Mercedes driver, was signed by Eddie Jordan after Mercedes paid Jordan $150,000 for his debut.

In 1990, Michael competed in the ‘Formula 3’ championship of Germany for the ‘WTS’ team. The same year, he competed in the ‘World Sports-Prototype Championship’ as part of the ‘Mercedes junior racing programme. The following year, the young driver competed in a ‘Formula One’ race for the ‘Jordan Grand Prix’ team, and finished seventh. The same year, he placed fifth in the ‘Italian Grand Prix,’ defeating Nelson Piquet.

In 1996, Schumacher joined Ferrari, a team that had last won the Drivers' Championship in 1979 and the Constructors' Championship in 1983, for a salary of $60 million over two years. He left Benetton a year before his contract with them expired; he later cited the team's damaging actions in 1994 as his reason for opting out of his deal. A year later Benetton employees Rory Byrne (designer) and Ross Brawn (Technical Director) joined Ferrari.

The same year, at the ‘Australian Grand Prix,’ the racer was involved in an accident with British racer Damon Hill. Subsequently, the English media blamed Schumacher for the incidentIn the 2005 ‘Formula One’ championship, the rules were changed with drivers allowed to use only one set of tires for the entire race.

While Schumacher was on the podium after winning the 2006 Italian Grand Prix, Ferrari issued a press release stating that he would retire from racing at the end of the 2006 season.Schumacher confirmed his retirement.The press release stated that Schumacher would continue working for Ferrari.

It was revealed on 29 October 2006 that Ferrari wanted Schumacher to act as assistant to the newly appointed CEO Jean Todt.This would involve selecting the team's future drivers. After Schumacher's announcement, leading Formula One figures such as Niki Lauda and David Coulthard hailed Schumacher as the greatest all-round racing driver in the history of Formula One.

In December 2009 it was announced that Schumacher would be returning to Formula One in the 2010 season alongside fellow German driver Nico Rosberg in the new Mercedes GP team.The new Mercedes team was their first majority involvement in an F1 team since 1955. Schumacher stated that his preparations to replace the injured Massa for Ferrari had initiated a renewed interest in F1, which, combined with the opportunity to fulfil a long-held ambition to drive for Mercedes and to be working again with team principal Ross Brawn, led Schumacher to accept the offer once he was passed fit.After a period of intensive training medical tests, it was confirmed that the neck injury that had prevented him driving for Ferrari the year before had fully healed.Schumacher signed a three-year contract, reportedly worth £20 million.

The ‘Ferrari’ team used ‘Bridgestone’ tires that required frequent replacing. When the rules were changed, teams using ‘Michelin’ tires won most of the races, while the six drivers using ‘Bridgestone’ tires had to drop out.The only competition that Schumacher won in the 2005 season was the ‘United States Grand Prix,’ where he finished third, scoring a total of 62 points.