Michael Schumacher vs LeBron James Net Worth Comparison: Who is Richer?

Published 12/23/2021, 8:32 AM EST
Dec 15, 2021; Dallas, Texas, USA; Los Angeles Lakers forward LeBron James (6) celebrates the win over the Dallas Mavericks at the American Airlines Center. Mandatory Credit: Jerome Miron-USA TODAY Sports


At a time where we compare the greatness of Michael Schumacher to Lewis Hamilton, there are fans who have a similar debate- only out on the court. Can they compare Michael Jordan to LeBron James? Legends of their eras and their sports; the parley cannot be settled on the racetrack, nor on the basketball court. But here’s looking at how differently F1’s Red Baron compares to the NBA’s Chosen One.

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Two very different leagues, two very different personalities, extremely different sports. Yet titans of their field nonetheless. Hence, looking at Schumacher and James’s salaries and net worth is very interesting.

Who has the higher net worth- the MVP or the world champion?

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As of 2021, Michael Schumacher’s net worth is around  $600million (£434million). The driver hasn’t appeared publicly in a long time, yet the love and popularity within F1 remain the same.

Michael Schumacher, Grand Prix of Hungary, Hungaroring, 19 August 2001. Michael Schumacher ecstatic after his victory in the 2001 Hungarian Grand Prix . (Photo by Paul-Henri Cahier/Getty Images)

Over the course of his illustrious racing career, the German earned $1billion (£723million). There was a point in Schumacher’s career where the driver earned $80-$100million (£57.9-£72.3million) per year. It is also well-known that Schumacher’s popularity gave him  $10million (£7.2million) a year from Shell, just for wearing a cap with the marque’s logo on it.

Then again, where Schumacher had the Shell cap, James has Nike shoes.

 

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The King has an estimated net worth of $850 million (£750 million). LeBron has his hands full with multiple brands and has investments in a lot of big names. The entrepreneur formed the SpringHill company with Maverick Carter; there’s Blaze Pizza in California and also Fenway Sports Group that owns various sports teams.

It’s no joke being the highest-paid player in the league.

LeBron James and Michael Schumacher career earnings

The F1 trailblazer is known to be the highest-paid F1 driver in history. Then again, few have achieved what Schumacher has. F1’s Regenmeister has estimated career earnings of around $1.13 billion(£1 billion). This can be credited to his healthy salary from Ferrari, a team with which he’s bagged five championships as well.

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Although initially, Schumacher led James comfortably in career earnings, as the MVPs rolled in, James only grew bigger.

Oct 6, 2021; Phoenix, Arizona, USA; Los Angeles Lakers forward LeBron James prior to the preseason game against the Phoenix Suns at Footprint Center. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports

The 2003 number one draft pick now has career earnings of around $1.17 billion (£1.3 billion). The secure Lakers‘ contract makes James the first NBA player in history to earn more than $400m in salary.

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Both history makers, both at the top of their game. It’s not often you can say Michael Schumacher and LeBron James have something in common- yet legacy comes in all forms.

Watch this story: Insane Michael Schumacher Records That Lewis Hamilton Hasn’t Broken Yet

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Shreya Sanjeev

776 articles

Shreya Sanjeev is an F1 author at EssentiallySports. Having attained a journalism degree from St Xavier's College, she finds comfort in the sound of her keyboard while typing and excitement in the sound of F1 cars speeding on a track. A street circuit and Daniel Ricciardo fan through and through, Shreya claims the 2018 Monaco GP to be one of her favorite races of all time.

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