Kimi Raikkonen Net Worth: How Rich Is He After Retiring From F1?

Published 11/27/2021, 3:01 AM EST
Formula One F1 – Dutch Grand Prix – Circuit Zandvoort, Zandvoort, Netherlands – September 2, 2021 Alfa Romeo’s Kimi Raikkonen at the circuit REUTERS/Benoit Tessier


Kimi Raikkonen is one of the few drivers to compete in Formula 1 for over 2 decades (21 years to be precise). And of course, one can acknowledge that, despite being a part of the grid for such a long period, he certainly did not overstay his welcome.

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The Finn produced enough action on the track, garnering commendable success, including a championship title with Ferrari. Subsequently, Raikkonen also earned quite a huge sum of money in his 21-year stint with Formula 1 through salaries and endorsements.

How much does Kimi Raikkonen make in a year?

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For a brief phase, Raikkonen was one of the highest-paid athletes in the entire world, with his yearly salary peaking at a whopping $50 million.

Formula One F1 – Emilia Romagna Grand Prix – Autodromo Enzo e Dino Ferrari, Imola, Italy – Alfa Romeo’s Kimi Raikkonen in action during practice REUTERS/Jennifer Lorenzini

However, since his return to Alfa Romeo Racing, the inflow has significantly dropped. According to Forbes, Raikkonen’s salary for the 2021 F1 season isn’t ranked even in the top 10 of the ‘highest-paid drivers’ list.

As of now, the Ferrari world champion’s salary is around $5 million. Of course, this doesn’t necessarily come as a shock, as his priority wasn’t entirely about the salary at the time of joining Alfa Romeo, and more about wanting to end his career from where he started – Sauber.

Career earnings of Raikkonen

According to multiple reports, Raikkonen is worth around $200 million to $300 million, making him one of the richest drivers in Formula 1. As of 2017, he was only behind Fernando Alonso and the two 7-time world champions, Lewis Hamilton and Michael Schumacher.

Logically, considering Raikkonen remained active in F1 throughout the next 4 years while Alonso only for 2 years, 2021 might witness the Finn marginally ahead of the Spaniard in terms of career earnings.

However, Raikkonen’s net worth gain is likely to slow down by the end of 2021 since he will no longer be earning from racing altogether, at least for the time being.

Kimi Raikkonen salary and endorsements

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Raikkonen likes to wear sunglasses, we all know that. The moment the helmet comes off, the sunglass goes on. Well, the Finn has been sponsored by two of the finest eye-wear manufacturers, Oakley and Wrangler.

Formula One F1 – Sakhir Grand Prix – Bahrain International Circuit, Sakhir, Bahrain – Alfa Romeo’s Kimi Raikkonen during an interview before practice FIA/Handout via REUTERS

In 2019, Raikkonen also joined hands with an American brand called West Coast Choppers in a bid to launch his own clothing line called ‘Kimi’. The partnership is still very much active – Kimi by West Coast Choppers.

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Apart from that, Thai beer company, Singha, and iLoq, a battery-free digital and mobile locking company also sponsor the one-time world champion.

Watch Story: F1 Driver Salaries Revealed: How Much Do Lewis Hamilton & Co. Earn?

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Rohit Kumar

1671 articles

Rohit Kumar is an F1 author at EssentiallySports. He has been an ardent follower of the racing series since 2007, with his love for the sport coinciding with his love for Kimi Raikkonen. He is also an ardent follower of Sebastian Vettel and Aston Martin Racing.

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