Michael Schumacher- Formula One Career, Net Worth, Accident & Paralysis


Michael Schumacher
Full nameMichael Schumacher
NicknamesSchumi, Schuey, Schu
ProfessionFormula One Driver
Years active1991 – 2006, 2010 – 2012
No. of championships7
Age54 years

Michael Schumacher created history when he broke the 50-year-old record of most Formula One World Driver’s Championships held by Juan Manuel Fangio. He won his record 6th title in 2003 and went on to win another one in 2004. Currently, Schumacher holds a joint-record seven World Drivers’ Championship titles (tied with Lewis Hamilton).

Schumacher has been an ambassador for UNESCO and has been involved in several humanitarian projects. A major philanthropist, Schumacher has also donated millions of dollars to charity. In December 2013, while skiing with his son, Schumacher suffered a severe brain injury.

Michael Schumacher Personal Biography

Date of birth3 January 1969
Place of birthHürth, Germany
Marital statusMarried
SpouseCorinna Schumacher (1995 – present)
ChildrenMick Schumacher, Gina-Maria Schumacher
ParentsElisabeth Schumacher, Rolf Schumacher
SiblingsRalf Schumacher, Sebastian Stahl

Michael Schumacher was born on 3 January 1969 in Hürth, Germany to Rolf and Elisabeth Schumacher.

His father was a bricklayer who later ran a local kart track while his mother operated the track’s canteen.

To support Schumacher’s racing, his parents have to work multiple jobs at one time.

Michael married Corinna Betsch in August 1995 and together they have two children.

Schumacher never liked the celebrity spotlight and always kept his private life private.

His younger brother Ralf, step-brother Sebastian, son Mick and nephew David Schumacher have also been racing drivers.

Racing Career Highlights

  • Michael Schumacher made his astounding Formula One debut in 1991 when he qualified seventh in a non-competitive Jordan at the Belgian Grand Prix.
  • He was immediately signed up by Benetton in 1992 and won his first F1 race, again at the Belgian Grand Prix.
  • Schumacher remained with Benetton for four seasons and won two world driver championships.
  • He then moved to Ferrari where the Schumacher-Ferrari combination created history by winning further 5 WDC titles for Schumacher and 5 constructor’s championships for Ferrari.
  • Schumacher retired from Formula One in 2006 only to make a comeback with Mercedes in 2010.
  • However, the comeback didn’t bring much for the legendary driver and he finally decided to say farewell to the sport for good and retired again in 2012.

Formula One World Championship career

Active years1991 – 2006, 2010 – 2012
TeamsJordan, Benetton, Ferrari, Mercedes
Championships7 (1994, 1995, 2000, 2001, 2002, 2003, 2004)
Pole positions68
Fastest laps77
Career points1566
First entry1991 Belgian Grand Prix
First win1992 Belgian Grand Prix
Last win2006 Chinese Grand Prix
Last entry2012 Brazilian Grand Prix

The Fateful Skiing Accident

In 2013, Schumacher was skiing with his 14-year-old son Mick, in the French Alps when he fell and hit his head on a rock.

He sustained a serious head injury and was immediately airlifted to Grenoble Hospital where he underwent two surgeries.

In June 2014, Schumacher was shifted to another hospital for rehabilitation and in September he was bought back to his home.

In November of the same year, Schumacher’s family reported that he was paralyzed, cannot speak and had memory problems.

F1 Records in Schumacher’s name

  • Most Championship titles- 7
  • Most consecutive titles- 5
  • World Champion with most races left in the season- 6
  • Most pole positions at the same Grand Prix- 8 (Japan)
  • Most wins at the same Grand Prix- 8 (France)
  • Most seasons with a win- 15
  • Most consecutive seasons with a win- 15
  • Most consecutive top two finishes- 15
  • Highest percentage of podium finishes in one season- 100%
  • Most consecutive podium finishes- 19
  • Most fastest laps- 77
  • Most fastest laps in a season- 10
  • Most hat-tricks (pole, win and fastest lap)- 22
  • Most hat-tricks in a season- 5

Michael Schumacher Net Worth

With a whopping net worth of $600 million, Schumacher is not just one of the richest Formula One drivers but one of the richest sportsperson in the world.

In 2017, Forbes featured Schumacher as the athlete with the fifth-highest career earnings of all time.

Before that in 1999 and 2000, Forbes also listed Schumacher as the highest-paid athlete in the world.

Other than his salary as a race car driver, a significant share of his income came from advertising.

Schumacher owns a lavish home in Monaco, a private beach on Lake Geneva with an underground garage and petrol station and horse ranches in Texas and Switzerland.

Michael Schumacher on Social Media


Frequently Asked Questions

How Much Was Michael Schumacher’s Salary at Ferrari?

Schumacher initially earned £16 million from his Ferrari contract, which rose to around £30 million in 1999.

Is there any chance for Schumacher’s recovery?

Schumacher is still in recovery with the hope that one day he will return to his normal life.

How old was Michael Schumacher when he had his accident?

44 years

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