Kimi Räikkönen Net Worth 2026: Ferrari Millions and Life After F1

Kimi Räikkönen’s net worth is about $250 million, according to a widely reported estimate. GQ Sports put his fortune at about $254 million in its December 2025 ranking of the richest F1 drivers of all time, up from about $185 million in GQ’s 2024 list. No national rich list or Forbes valuation has been published for him, so the figure should be treated as a rough guide.

Kimi Räikkönen: quick facts

Net worth

$250 Million

Source of wealth

F1 salaries

Profession

Retired Formula 1 driver, Kawasaki MXGP team principal

Nationality

Finnish

Place of birth

Espoo, Uusimaa, Finland

Date of birth

October 17, 1979 (age 47)

Räikkönen won the 2007 Formula 1 world championship with Ferrari and raced in F1 for 19 seasons, from 2001 to 2021. For several of those years he was the best-paid driver in the sport. Forbes ranked him fifth among the world’s highest-paid athletes in 2008, with about $44 million in a single year.

Most of his wealth comes from those F1 salaries, especially his first Ferrari contract. Since retiring he has run the factory Kawasaki motocross team, which won the 2025 MXGP world title, and he lives with his family in a large villa in Switzerland.

Kimi Räikkönen at a glance

• Net worth: about $250 million (widely reported estimate; GQ Sports, December 2025)
• Born: October 17, 1979, in Espoo, Finland
• Profession: retired Formula 1 driver; team principal of Kawasaki Racing Team in MXGP
• F1 teams: Sauber, McLaren, Ferrari (twice), Lotus, Alfa Romeo
• Biggest payday: his 2007–2009 Ferrari contract, reported at about $51 million a year
• Titles and records: 2007 world champion; 21 wins, 103 podiums, 18 poles and 46 fastest laps in 349 starts
• Nickname: “The Iceman”
• Spouse: Minttu (Minna-Mari) Räikkönen, married 2016; three children

Where Kimi Räikkönen’s money comes from

Source	Details	Estimate
F1 salaries	19 seasons with five teams; top pay at Ferrari in 2007–2009 and 2014–2015	Well over $200 million over his career, based on reported salaries
Bonuses	Win and title bonuses, including the 2007 championship	Not publicly confirmed
Sponsorships	Personal sponsors such as Finnish lock maker iLOQ (since 2019)	Smaller share
Motorsport teams	Team principal of Kawasaki Racing Team in MXGP; earlier ran his own IceOne Racing motocross team	Not disclosed
Real estate	Villa in Baar, Switzerland, plus homes in Finland	Main home reported at about $24 million

F1 salary and earnings by team

F1 teams do not publish pay, so the numbers below come from Forbes and from industry estimates such as the annual Business Book GP. They are best read as ballpark figures.

Years	Team	Reported pay	Source
2001	Sauber	Not reported (rookie deal)	—
2002–2006	McLaren	Not reliably reported; rose sharply after 2003	—
2007–2009	Ferrari	Three-year deal reported at about $153 million (about $51 million a year)	Forbes, via GrandPrix247
June 2007–June 2008	Ferrari	About $44 million total earnings, fifth among all athletes	Forbes (2008)
2008–2009	Ferrari	About $45 million total earnings	Forbes (2009)
2012–2013	Lotus	Salary plus points bonuses; much of 2013 pay went unpaid	Sky Sports, CNN
2015	Ferrari	About €18 million	Business Book GP
2016	Ferrari	About €8 million	Business Book GP
2019	Alfa Romeo	About €4 million	F1i.com
2021	Alfa Romeo	About $10 million	RaceFans estimate

Early life

Kimi-Matias Räikkönen was born on October 17, 1979, in Espoo, near Helsinki. He grew up in Vantaa with his older brother, Rami, and his parents, Matti and Paula. The family did not have much money, and his parents stretched their budget to keep both boys racing.

He started competitive karting at about 10 and won several Finnish national titles. His first race abroad came in Monaco at 15. In 1998 he won the Nordic karting championship, and in 1999 he moved to the UK to race cars.

Progress was fast. He won the first four races of the 1999 British Formula Renault winter series, then took seven of ten races in the 2000 Formula Renault UK championship. Across both series he won 13 of 23 races.

Sauber and McLaren: the rise (2001–2006)

Sauber tested Räikkönen at Mugello in September 2000 and signed him for 2001, even though he had raced cars in only 23 events. He scored a point on his debut at the 2001 Australian Grand Prix and helped Sauber to fourth in the constructors’ standings.

McLaren hired him for 2002 as the replacement for fellow Finn Mika Häkkinen. His teammate was Scot David Coulthard, and Räikkönen finished third in his very first race for the team.

In 2003 he won his first grand prix in Malaysia and finished runner-up to Michael Schumacher, just two points behind. In 2005 he won seven races, more than anyone else, but unreliable cars left him second again, this time to Fernando Alonso.

2006 was winless, and Räikkönen decided to leave. His speed had made him the most sought-after driver on the grid, and Ferrari chose him to replace the retiring Schumacher.

Ferrari and the 2007 world title (2007–2009)

Räikkönen’s first Ferrari deal made him the highest-paid driver in F1. Forbes reported the three-year contract at about $153 million, or roughly $51 million a season, before bonuses.

He won his first race for the team in Australia. Going into the final round in Brazil he was third, seven points behind leader Lewis Hamilton. He won the race and took the title by one point over both Hamilton and Alonso. His six wins were the most of the season.

He finished third in 2008 with wins in Malaysia and Spain, but 2009 was harder. Ferrari signed Alonso, backed by new sponsor Santander, and ended Räikkönen’s contract a year early. He reportedly negotiated a settlement for the final year; the amount was never confirmed. He later said the split was about money, not racing.

Rally, NASCAR and the Lotus comeback (2010–2013)

Instead of taking a lesser F1 seat, Räikkönen spent 2010 and 2011 in the World Rally Championship, first with the Citroën Junior Team and then with his own ICE 1 Racing outfit. He finished tenth overall in both seasons, with one stage win.

In May 2011 he tried NASCAR, finishing 15th on his Truck Series debut at Charlotte in a Kyle Busch Motorsports Toyota. He also made a Nationwide Series start.

Lotus brought him back to F1 for 2012. He won in Abu Dhabi, the team’s first win since 1987, and finished third in the championship. In 2013 he won the season opener in Australia and kept scoring podiums.

Money ended the partnership. His deal leaned heavily on bonuses for points, and his strong results meant Lotus owed him more than it could pay. In September 2013 he said he was leaving “purely from the money side” because he had not received his salary. Team boss Eric Boullier admitted the team had paid suppliers and staff first.

Back at Ferrari (2014–2018)

Ferrari re-signed Räikkönen for 2014, first alongside Alonso and then from 2015 with Sebastian Vettel. Business Book GP estimated his pay at about €18 million in 2015, falling to about €8 million in 2016 as Ferrari moved him to shorter, cheaper deals.

His last win came at the 2018 United States Grand Prix, 114 races after his previous victory. He finished third in the championship that year, his best result since 2012.

Alfa Romeo and retirement (2019–2021)

Ferrari replaced him with Charles Leclerc for 2019, and Räikkönen swapped seats to return to Sauber, now racing as Alfa Romeo. F1i.com put his first-year pay at about €4 million, far below his Ferrari salaries. RaceFans estimated his 2021 package at about $10 million.

He retired after the 2021 Abu Dhabi Grand Prix. He left with 349 starts, then the most in F1 history, plus 21 wins, 103 podiums and 46 fastest laps, the third-most of all time.

After F1: Kawasaki, NASCAR and family

In January 2022 Kawasaki named Räikkönen team principal of its factory MXGP motocross team. He runs it with longtime partner Antti Pyrhönen, who had worked with him on his earlier IceOne Racing motocross team. Räikkönen has said the project is “not what you might call a hobby.”

The team’s big moment came in September 2025, when Romain Febvre won the MXGP world championship in Australia. It was Kawasaki’s first title under Räikkönen. “Mission accomplished,” he said. He remains team principal for 2026, with Febvre, Pauls Jonass and Mathis Valin on the roster.

He also made two one-off NASCAR Cup Series starts with Trackhouse Racing’s Project91 entry, at Watkins Glen in 2022 and at the Circuit of the Americas in 2023. His debut ended in a crash, but his pace impressed the team.

These days much of his time goes into his son Robin’s karting. In a December 2026 interview with Motor Sport, he described himself as his son’s mechanic and said the boy is “almost as quick” as he is. His name even made F1 headlines in March 2026, when the podium announcer at the Chinese Grand Prix introduced race winner Kimi Antonelli as “Kimi Räikkönen” by mistake.

Sponsorships and side projects

Räikkönen was never a big self-promoter, which limited his endorsement income compared with other champions. His best-known current partner is Finnish smart-lock company iLOQ, which he has represented since 2019 and which backed his NASCAR car.

His other projects have mostly been in racing:

• IceOne Racing, his own motocross team, which ran in world championship motocross before his Kawasaki role
• ICE 1 Racing, the rally team he used in the 2011 WRC season
• A 2018 authorised biography by Finnish writer Kari Hotakainen, The Unknown Kimi Räikkönen, which became a bestseller in Finland

He is also known for low-key adventures, such as entering a 2007 snowmobile race under the name “James Hunt,” the 1976 world champion.

Real estate

Räikkönen has lived in Switzerland for most of his career. His main home is a modern villa in Baar, in the canton of Zug, often called “Villa Butterfly.”

Property	Year	Reported price
“Villa Butterfly,” Baar, Switzerland	Family home since 2009	About $24 million
Homes in Finland	Various	Not reliably reported

The Baar villa reportedly has indoor and outdoor pools, a gym, Alpine views and a garage for up to 10 cars. Cars reported in his collection include a Ferrari Enzo, a Ferrari F12 Berlinetta and a Rolls-Royce Wraith.

Personal life

Räikkönen married Finnish model Jenni Dahlman in 2004. They divorced in the early 2010s.

He married Minttu Virtanen in August 2016 in Italy. The family includes three children, among them son Robin and daughter Rianna. They split their time between Switzerland and Finland.

He is famously private and short with reporters, which earned him the nickname “The Iceman.” His blunt radio messages to his team, such as “Leave me alone, I know what I’m doing,” became some of the best-known lines in F1.

How Kimi Räikkönen compares

Driver	Titles	Estimated net worth	Main source
Michael Schumacher	7	$600–790 million	F1 salaries, endorsements
Lewis Hamilton	7	About $586 million	F1 salaries, endorsements, business
Fernando Alonso	2	About $260 million	F1 salaries, endorsements
Kimi Räikkönen	1	About $250 million	F1 salaries
Jenson Button	1	About $150 million	F1 salaries, TV work

Hamilton’s figure is from the Sunday Times Rich List (May 2026). The others are widely reported estimates from 2024–2026, many from GQ. Räikkönen ranks among the richest F1 drivers of all time, ahead of champions such as Jenson Button, even though he won only one title. For more sports fortunes, see our athletes net worth hub and the richest athletes in the world.

Frequently asked questions

How much is Kimi Räikkönen worth?

About $250 million, based on widely reported estimates. GQ Sports put him at about $254 million in December 2025.

How much did Kimi Räikkönen earn at Ferrari?

His first Ferrari contract (2007–2009) was reported at about $153 million over three years, or about $51 million a season. Forbes estimated his total earnings at $44 million in the year to June 2008.

How many world championships did Kimi Räikkönen win?

One. He won the 2007 F1 title with Ferrari, beating Lewis Hamilton and Fernando Alonso by a single point.

What does Kimi Räikkönen do now?

He is team principal of the factory Kawasaki Racing Team in the MXGP motocross world championship, which won the 2025 title with Romain Febvre. He also helps his son Robin with his karting.

Where does Kimi Räikkönen live?

Mainly in Baar, Switzerland, in a villa reported to be worth about $24 million, and he also spends time in Finland.

Why did Kimi Räikkönen leave Lotus?

Because he was not being paid. Lotus fell behind on his 2013 salary, and he said he left “purely from the money side” to rejoin Ferrari for 2014.

Sources: GQ Sports (F1 rich rankings, 2024 and December 2025, as reported by GiveMeSport and İdman.Biz), Forbes (highest-paid athletes 2008 and 2009), Business Book GP, F1i.com, RaceFans, Sky Sports, CNN, Formula1.com, PlanetF1, Kawasaki Racing Team, Motor Sport, South China Morning Post, Sunday Times Rich List 2026, Wikipedia. All net worth figures are estimates.