Max Verstappen has £165m net worth allowing him to set up his own racing team. - The Source

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Max Verstappen has £165m net worth allowing him to set up his own racing team.

Ajadi Toheeb by Ajadi Toheeb
August 7, 2023
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Max Verstappen has £165m net worth allowing him to set up his own racing team.
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Current F1 world champion Max Verstappen is eyeing motorsport domination after announcing his intention to go racing in the GT3 class of sports cars with his own racing team. The Dutchman, 25, is hoping to have his team, Verstappen.com Racing, ready and rearing to go for 2025 – and he has a huge net worth to fund the venture.

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Verstappen wouldn’t struggle to find the finances, being one of motorsport’s biggest draws. The F1 star, who debuted aged 17, earns £41.8million a year racing for Red Bull, as well as millions from endorsement deals. According to CAKnowledge, Verstappen has a net worth totaling £165million.

Verstappen is having it easy in F1 this season, winning 10 of 12 races and the last eight in a row, while on course to win a third world championship in a row. But it’s his project to create his own racing team which is giving him energy, despite being in its infancy.

The idea to launch Verstappen.com Racing came from the Red Bull driver’s involvement with Team Redline in online sim racing, where he can be found regularly competing when he’s not behind the wheel of F1’s best car. “From Verstappen.com Racing, we sponsor and support in advice and consultancy various racing activities of people close to me,” Verstappen told Dutch publication Formule 1 Magazine.

“It all started with Team Redline’s sim racing. In addition, with Verstappen.com Racing we are now also active with Thierry Vermeulen in DTM and GTWC Sprint and with my father [Jos] in rallying, but the ultimate goal is to set up our own racing team. We will start in the GT3 class and then at some point, we will see where the ship runs aground. If it does strand…”

Verstappen has also announced his goal of building an alternative, low-cost route to karting as a way into professional motorsport sim racing. “If I do something, I want to do it well,” the serial winner said.

“I want to win, even with this. And it’s about creating a stepping stone from sim racing into GT3. So that you can’t just end up in motorsport via karting, because that costs a lot of money at the moment.”

Verstappen added: “We are working hard on that at the moment. The next step is our own GT3 team. Next year is pretty tight, but I do want it as soon as possible. A GT3 team in 2025, should be possible. With at least two cars then. We are also in full swing. The planning phase is over, we are already in action mode.”

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