George Russell Net Worth 2026: Mercedes Pay, Eight F1 Wins and a £30M-a-Year Deal

George Russell’s net worth is about $40 million, according to a widely reported estimate published by PlanetF1 in August 2026. Estimates vary a lot: some outlets still use older figures closer to $16 million, which do not reflect his recent pay rises. No formal rich list has valued him yet.

George Russell: quick facts

Net worth

$40 Million

Salary / earnings

$30 Million per year

Source of wealth

F1 contracts, bonuses

Profession

Formula 1 driver (Mercedes)

Nationality

British

Place of birth

King's Lynn, Norfolk, England

Date of birth

February 15, 1998 (age 28)

Almost all of his money comes from driving. Russell has raced for Mercedes since 2022, and his pay has climbed quickly. Forbes estimates he earned about $9 million in 2023, $23 million in 2024 and $26 million in 2025, before taxes and agent fees.

His newest Mercedes deal, signed in October 2025, is reported by British newspapers to be worth about £30 million a year. That would make him one of the three best-paid drivers in Formula 1. He has won eight Grands Prix, three of them in 2026, and is fourth in the 2026 standings behind his teammate and new world champion Kimi Antonelli.

George Russell at a glance

• Net worth: about $40 million (widely reported estimate, PlanetF1, August 2026)
• Born: February 15, 1998, in King’s Lynn, Norfolk, England
• Profession: Formula 1 driver
• Teams: Williams (2019–2021), Mercedes (2022–present)
• Salary: reported at about £30 million a year from 2026
• Biggest payday: about $26 million in 2025 (Forbes estimate)
• Grand Prix wins: 8 (as of November 2026)
• Junior titles: GP3 champion (2017), Formula 2 champion (2018)
• Partner: Carmen Montero Mundt (engaged August 2026)

His net worth over time is charted at the end of this article.

Where George Russell’s money comes from

Source	Details	Estimate
Mercedes salary	Base pay from his F1 contract	About $15 million a year in 2024–2025 (Forbes); reported £30 million a year from 2026
Performance bonuses	Payments for wins, podiums and points	About $8 million (2024) and $11 million (2025), per Forbes
Williams years	First three F1 seasons, 2019–2021	Small compared with his Mercedes pay
Endorsements	UBS, AMAFFI and gear partners such as Bell Helmets and Alpinestars	Not disclosed; a small share of his income
Team partner campaigns	Appearances for Mercedes sponsors	Usually covered by his team contract

F1 earnings by season

Teams rarely publish driver pay. The best public guide is Forbes, which estimates each driver’s on-track earnings: base salary plus bonuses, before taxes and fees. Endorsement income is not included.

Season	Team	Estimated earnings	Source
2019–2021	Williams	Not published; reported to be modest	Press reports
2023	Mercedes	$9 million ($4M salary + $5M bonuses)	Forbes
2024	Mercedes	$23 million ($15M salary + $8M bonuses)	Forbes
2025	Mercedes	$26 million ($15M salary + $11M bonuses)	Forbes
2026	Mercedes	About £30 million base salary (reported)	Daily Mail and Express, October 2025

The 2026 figure is a newspaper report, not a Forbes estimate. Other outlets have put his new salary closer to $30–34 million. Forbes’ ranking for the 2026 season is due in December 2026.

Early life

George William Russell was born on February 15, 1998, in King’s Lynn, a market town in Norfolk, England. His father, Steve, ran a business trading seeds and pulses, and his mother is Alison. He is the youngest of three children.

He started karting at about seven, after watching his older brother Benjy race. He even took his famous racing number, 63, from his brother’s kart.

Russell went to Wisbech Grammar School but later switched to home schooling so he could focus on racing. At 18 he moved to Milton Keynes to be closer to his junior team.

Karting and junior career

Russell was one of Britain’s best young karters. His main titles included:

• 2009: British Open champion (Cadet class)
• 2010: Super 1 British champion and Formula Kart Stars champion
• 2011: CIK-FIA European champion (KF3)
• 2012: Defended his European title, the first driver to do so

He moved to cars in 2014 and won the BRDC F4 championship at his first attempt. That year he also won the Autosport BRDC Award, a prize for Britain’s best young driver.

After two seasons in European Formula 3, Mercedes signed him to its junior program in 2017. He repaid that faith straight away by winning the GP3 title in 2017 and the Formula 2 title in 2018. In F2 he beat Lando Norris by 68 points, becoming only the fifth rookie to win the GP2/F2 crown.

Williams years (2019–2021)

Mercedes placed Russell at Williams for his F1 debut in 2019. The team was the slowest on the grid, and he scored no points that year. He still beat his experienced teammate Robert Kubica in qualifying at every race.

His big break came at the 2020 Sakhir Grand Prix. With Lewis Hamilton out with Covid-19, Mercedes called Russell up as a stand-in. He led most of the race before a pit stop mix-up and a puncture cost him a likely win. He finished ninth, scoring his first F1 points.

In 2021 he took his first podium at the rain-hit Belgian Grand Prix, after qualifying second in a Williams. His pay at Williams was a small fraction of what he earns today. The real reward was a Mercedes seat.

Mercedes: first wins (2022–2024)

Russell replaced Valtteri Bottas at Mercedes in 2022, as Hamilton’s teammate. The car struggled under F1’s new rules, but Russell finished fourth in the standings, ahead of Hamilton. He took his first pole in Hungary and his first win at the 2022 São Paulo Grand Prix.

2023 was harder, and he finished eighth. Mercedes still gave him a two-year contract extension that covered 2024 and 2025, and Forbes estimates his earnings jumped to $23 million in 2024.

In 2024 he won the Austrian and Las Vegas Grands Prix. He also crossed the line first in Belgium but was disqualified because his car was underweight, the first time a race winner had lost a win that way in about 30 years. He finished sixth overall.

Team leader (2025)

With Hamilton gone to Ferrari, Russell became Mercedes’ lead driver in 2025, alongside rookie Kimi Antonelli. He had his best season so far:

• Wins in Canada (from pole, with fastest lap) and Singapore
• Nine podiums, a career best
• Fourth in the championship with 319 points, 169 more than Antonelli

Forbes estimates he earned $26 million that season, the seventh-highest total on the grid. Autosport ranked him the second-best driver in motorsport for 2025.

The 2026 season and new contract

Russell signed a new Mercedes deal in October 2025, after his Singapore win. British newspapers reported a salary of about £30 million a year. He later said his 2026 seat was guaranteed and that the deal would renew automatically for 2027 if he hit a performance target, which he did not disclose.

He started 2026 as a title favorite and won the season opener in Australia from pole. He added wins in Austria and Azerbaijan, where he held off Max Verstappen by less than 0.2 seconds in September. Baku was the eighth Grand Prix win of his career.

Engine failures and other setbacks cost him points, however. Antonelli clinched the title at the Mexico City Grand Prix on November 1, 2026, where Russell finished sixth after a penalty. Russell left Mexico fourth in the standings with 250 points, close behind Verstappen and Hamilton.

Toto Wolff said in June 2026 that Mercedes wants to keep the same line-up for 2027, and Russell has said he will “100%” race for the team next year.

Endorsements and brand deals

Russell earns far less off the track than Hamilton, who makes tens of millions a year from fashion and luxury partners. His personal deals are growing, though:

• UBS: the Swiss bank names him a global brand ambassador. He hosted a UBS event for young racers in Singapore in October 2025.
• AMAFFI: the luxury perfume house named him its global ambassador in 2026.
• Racing gear: long-running partnerships with Bell Helmets and Alpinestars.
• Mercedes partners: as a team driver he appears in campaigns for Mercedes sponsors, including clothing partners.

The fees for these deals are not public. Most estimates suggest endorsements add a few million dollars a year at most, well below his F1 salary.

Real estate

Russell has lived in Monaco since 2022, like many F1 drivers. Monaco has no personal income tax, which lets drivers keep more of their pay. He has not made any home purchases public, and no reliable prices have been reported, so we do not include a property table.

His partner works in London, and the couple are often seen there as well.

Personal life

Russell has been in a relationship with Carmen Montero Mundt since 2020. She was born in Spain, studied business management and finance at the University of Westminster, and works for the London investment firm Ruffer. The couple announced their engagement in August 2026, during F1’s summer break.

Away from racing, Russell enjoys padel and free-diving and supports Wolverhampton Wanderers. He has spoken openly about working with a psychologist and about mental health in sport.

Since 2021 he has been a director of the Grand Prix Drivers’ Association, the drivers’ union. In that role he represents the grid on safety, racing rules and the path for young drivers.

Philanthropy

Russell is an ambassador for the Blue Marine Foundation, a charity that protects the oceans and fights overfishing. He said its mission matters to him because he loves spending time at sea.

He also supports young drivers, including through mentoring events with his sponsors. He has not set up a personal foundation.

How George Russell compares

Russell is wealthy by most standards but sits in the middle of the grid by net worth. He has had a short top-team career compared with older stars. Here is how he compares with other richest F1 drivers:

Driver	Estimated net worth	Main source
Lewis Hamilton	About $586 million (£435M)	F1 contracts, fashion and business deals
Charles Leclerc	About $125 million	Ferrari contracts
Lando Norris	About $60 million	McLaren contract and bonuses
George Russell	About $40 million	Mercedes contract and bonuses
Kimi Antonelli	About $15 million	Mercedes contract

Hamilton’s figure comes from the Sunday Times Rich List (May 2026). The others are widely reported estimates (PlanetF1, August 2026). Charles Leclerc‘s estimate in particular varies widely between outlets. Russell’s new contract should move him up this list quickly. For more sports fortunes, see our list of athlete net worths.

Frequently asked questions

What is George Russell’s net worth?

About $40 million, according to a widely reported estimate from PlanetF1 in August 2026. Some older estimates are much lower.

How much does George Russell earn a year?

Forbes estimates he earned about $26 million in 2025, including bonuses. British newspapers report his new Mercedes deal pays about £30 million a year from 2026.

How long is George Russell’s Mercedes contract?

His deal guarantees 2026 and renews automatically for 2027 if he meets a performance target. Mercedes has said it plans to keep him and Kimi Antonelli for 2027.

How many races has George Russell won?

Eight Grands Prix as of November 2026, including Australia, Austria and Azerbaijan in 2026.

Who is George Russell engaged to?

Carmen Montero Mundt, his partner since 2020. They announced their engagement in August 2026.

Where does George Russell live?

He has lived in Monaco since 2022 and also spends time in London.

Sources: PlanetF1 (F1 driver net worth, August 2026), Forbes (Formula 1’s highest-paid drivers, 2023–2025), RacingNews365 and Daily Mail/Express reports (October 2025), The Telegraph via Sports Illustrated, Sky Sports, Formula1.com, Reuters, GPFans, UBS, Wikipedia. All net worth and earnings figures are estimates.