You might best remember him for taking podium at the Singapore Grand Prix last year. With the Spanish Formula 1 Grand Prix 2024 race ahead, we look at Spaniard racer Carlos Sainz Jr’s net worth, his F1 salary, and all the expensive things he owns.
With Lewis Hamilton set to take a seat at Ferrari next year, the future is clearly undecided for Carlos Sainz Jr, who now has to decide what to make of the rest of his racing career. As he prepares for his final home race in Ferrari kit, he’ll also need to choose the team he wants to be in for next season and beyond.
The three-time Grand Prix winner is said tobe entertaining offers from Williams and Sauber, the latter of which will be rebranded to Audi in 2026.
As the motorsport world revels in the success of Carlos Sainz Jr and waits with bated breath on his final decision, we take a look at the Spaniard’s net worth, all of his impressive assets, the brands he endorses and more.
A quick look at Carlos Sainz Jr.’s career highlights
Hailing from Madrid, Spain, Carlos Sainz Jr is the son of Carlos Sainz Sr., a double World Rally Champion. He became part of the Red Bull Junior Team in 2010, and in 2013, got the opportunity to roll out on the Formula 1 circuit for the first time after participating in the young drivers’ test at the Silverstone Circuit in England. During his debut, he drove both the Toro Rosso STR8 and the Red Bull RB9.
In 2015, Carlos Sainz Jr. drove for Scuderia Toro Rosso and partnered alongside Max Verstappen. He had a remarkable debut at the Australian Grand Prix that year as he finished the race in ninth place, and subsequently, finished the season ranked 15th in the World Championship race. The next season, he started for Toro Rosso alongside Verstappen but got a new partner in Daniil Kvyat after the 2016 Russian Grand Prix as Verstappen was promoted to Red Bull Racing.
After a two-year stint with Renault (on loan from Red Bull Racing in 2017 and 2018), Carlos Sainz Jr. moved to McLaren in 2019. He earned his first podium finish at the Brazilian Grand Prix following a penalty received by Lewis Hamilton. At the Italian Grand Prix in 2020, the Spaniard took his second podium finish as he finished second. He finished the season ranked sixth in the race for the World Championship.
Carlos Sainz Jr. replaced Sebastian Vettel in Ferrari in 2021 as he partnered alongside Charles Leclerc. He also achieved his best finish in the Drivers’ Championship as he secured the fifth position. In 2022, the Spanish driver won his maiden F1 race at the British Grand Prix in Silverstone.
As of September 2023, Carlos Sainz Jr. was the only non-Red Bull Racing driver to win a Grand Prix in the current F1 season. He clinched his third win at the 2024 Melbourne Grand Prix earlier this year.
What is the net worth of Carlos Sainz Jr.?
At the age of 30, Carlos Sainz Jr. is one of the best F1 drivers in the world in contemporary times. Given his track record and taking into consideration that, as a sport, Formula 1 pays the highest of dividends, it is not surprising to see the Spaniard accumulate significant wealth from his time in motorsport.
According to a report by CAknowledge, Carlos Sainz Jr., in 2023, has a net worth of around USD 49 million. A major share of his wealth can be attributed to his career earnings.
How much is Carlos Sainz Jr.’s salary?
Carlos Sainz Jr. has a contract with Ferrari till 2024 which sees him take home a salary of USD 10 million per year.
A look at all the luxury assets owned by Carlos Sainz Jr.
Being one of the highest-paid Formula 1 drivers on the grid in 2023, it is only fitting that Carlos Sainz Jr. leads a luxurious lifestyle. According to reports, he has an enviable collection of luxury cars and watches, besides owning as many as three yachts. Here is a look at each of them.
Carlos Sainz Jr.’s tryst with luxury cars
The Spanish F1 driver owns some of the best luxury sports cars in the world. The prized possession in his garage is a McLaren 720S which is worth around USD 1 million. He also has a Ferrari 812 that costs around USD 950,000.
In addition, Carlos Sainz Jr has other luxury cars such as a Bentley Continental GT worth USD 900,000, a Mercedes-Benz AMG GT worth USD 815,000 and a Ferrari Roma worth USD 680,000.
His love affair with luxury watches
Like his collection of cars, Carlo Sainz Jr. is also renowned for a wide array of luxury watches in his collection. The most valuable timepiece in his collection is a Speake-Marin watch worth around USD 290,000.
Other watches in his collection include a Roger Dubuis timepiece worth USD 260,000, a Franck Muller watch worth USD 250,000, a Bovet Fleurier watch worth USD 120,000 and an F.P. Journe watch worth USD 120,000.
Which brands does Carlos Sainz Jr. endorse?
Like other contemporary Formula 1 drivers, Carlos Sainz Jr. endorses multiple brands and enjoys the privilege of having a few multinational companies in his endorsem*nt portfolio. A few of them are listed below.
Estrella Galicia
One of the largest beer manufacturers in Spain, Estrella Galicia was founded in 1906. Over the years, the brand has invested in Spanish sports personalities across a myriad of sports. The beer manufacturer’s association with Carlos Sainz Jr. began in 2013, almost two years before he made his F1 debut.
The long-standing endorsem*nt deal with Estrella Galicia sees Carlos Sainz Jr. acting as the brand’s ambassador. While the beer manufacturer has stopped featuring him in its digital campaigns after the driver’s association with Ferrari, the Spaniard still appears on the brand’s website.
Schuberth
German helmet manufacturer Schuberth signed an endorsem*nt deal with Carlos Sainz Jr. in 2022 when the company also partnered with Ferrari to supply helmets to its drivers. The brand also released a helmet designed by the Spaniard himself.
Besides making protective headgear for Formula 1, Schuberth also produces helmets for Bundeswehr (armed forces), motorcyclists and industrial workers.
PlayStation
Sony’s iconic gaming console has a long-standing endorsem*nt deal with Carlos Sainz Jr.
The Spaniard has worked with PlayStation a number of times in his career and has appeared in a host of advertisem*nts for the brand. He also has a limited-edition PlayStation based on him and his career. Carlos Sainz Jr. has often been the face of PlayStation’s advertisem*nts in Spain every time an F1 game is released on the console.
Is Carlos Sainz Jr. involved with works of charity?
While he has amassed significant wealth from his time on the Formula 1 circuit and his endorsem*nt deals, Carlos Sainz Jr. is also known for being a philanthropist. Time and again, the Spanish F1 driver has taken part in several charitable football matches to raise funds for a host of social causes.
Frequently Asked Questions (FAQs)
– How much is Carlos Sainz Jr.’s net worth?
According to reports, Carlos Sainz Jr., in 2023, has a net worth of around USD 49 million.
– How much is Carlos Sainz Jr.’s salary?
Multiple sources confirm that Carlos Sainz Jr. has a contract with Ferrari till 2024 which sees him take home a salary of USD 10 million per year.
This article first appeared on Augustman Singapore.
(Main and Featured Images Credits: Courtesy Instagram/@Carlos Sainz)
