George Russell Net Worth 2024: How Much Is He Worth?

George Russell is one of the most talented young racers on the current Formula One grid who first made splashes in the pinnacle of motorsports by snatching a spot at Williams after attaining the FIA Formula 2 Championship in 2018. The Briton raced with the historic team for quite a long time and made some appearances as Lewis’ Mercedes proxy too. In 2021, he earned his first F1 Championship points while driving for Mercedes in the absence of Lewis Hamilton at the Sakhir GP. A year later, George replaced Valtteri Bottas as the newest Silver Arrows driver and even outscored seven-time World Champion Lewis Hamilton in his debut season with the Stuttgart outfit.

In 2023, George delivered some impressive performances but could not live up to the hype he created for himself after attaining Mercedes’ only race win in 2022. He gathered 175 points to end up in the eighth spot on the Championship Standings, way behind teammate Lewis Hamilton who came third with 234 points to his name. George got beaten at his own game in 2023 by his contemporary Lando Norris, who outscored the Norfolk native by 30 points.

Despite failing to outscore both the Ferraris, both the Red Bulls as well as his own teammate Lewis, George Russell has managed to get himself 2 podiums–the first one at the Spanish GP where he bagged the third spot, and the second one at the last race of the season in Abu Dhabi, where he ended his year on a high with another P3 finish for Mercedes. Russell’s successful outings on the race tracks have made the fans quite intrigued in him over the past few years. If you wish to know more about George Russell’s net worth, his salary, and other details, read on!

George Russell Net Worth

George’s net worth is estimated to be worth around $16 million. The driver entered Formula 1 with a stint at Williams as his PowerPoint presentation had impressed Claire Williams a lot. He stayed at the British outfit for 3 long years (from 2019 to 2021) and made his way towards the top 10 with their lower order car towards the tail end of his tenure at the historic team.

Then, he caught the eye of Mercedes Boss Toto Wolff and bagged Valtteri Bottas’ seat at $5 million a year along with bonuses. His other sources of income include endorsements and sponsorships.

George Russell Contracts & Salary

When George Russell earned the FIA Formula 2 Championship title in 2018, he had to settle for a seat at Williams–a team famously plagued by their financial issues despite having a historic legacy. His contemporaries Alex Albon and Lando Norris were hired at much higher-paying teams–Red Bull and McLaren respectively. But Russell kept working hard and improving immensely until he landed the contract with Mercedes–the team that has held an 8-year long record for winning back to back World Championships.

Currently, he earns a fixed salary of $4 million as a Silver Arrows racer, and he reportedly earned $5 million more in bonuses, as per a report published by Forbes in November 2023.

George Russell Bonuses

As a sports car driver, George Russell already earns a hefty sum as his fixed annual salary from Mercedes. This sum is a whopping $4 million, which is still much lower than his teammate and childhood idol Lewis Hamilton. Still, George gets bonuses for every point that he rakes in for Mercedes and also bonuses for podium finishes. Thus, Forbes calculated that in 2023, thanks to his 2 podium finishes as well as 175 points, Russell’s bonuses have surpassed his actual yearly salary. They reported that the young racer got a total of $5 million in bonuses from the 2023 season alone.

George Russell’s Endorsements

George Russell is one of the more prominent faces amongst the 20 racers who get the chance to race at the highest level of motorsports in the world, thus it is no surprise that the young driver has many options to choose from when it comes to getting sponsorships and endorsing brands.

As per the different outlets that have information regarding George Russell, it is clear that amongst the host of brands that are endorsed by George Russell, the most famous ones are Mercedes, AMG, BRDC, Bell Helmets, Alpinestars, and Puma.

George Russell Investments in Businesses

Despite being only 25 years old, George Russell is an accomplished Formula One racer who built on only his racing talent and nothing else. George never had the silver spoon that many of his rivals on the race track such as Max Verstappen were born with since he does not come from a professional racer’s family. His father Steve Russell was a small peas and beans businessman from Norfolk and mother Allison was a homemaker. Now, George has amassed enough wealth for a comfortable lifestyle, and he must make some investments to ensure his money goes into proper use too. But he has not yet made his dealings public, so not much can be said about his business ventures.

George Russell Investments in House/Real Estate

George Russell’s native house is in King’s Lynn, Norfolk, England. But for his work purposes, he now lives in London proper as commuting from the outskirts into the city must become hectic for him. He stays with his London-based girlfriend Carmen Montero Mundt, who works at a London investment banking firm. Russell already has rented a flat in the city with Mundt. But he shifted to Monaco in 2023, after delaying the move from 2021 due to Covid-19. Russell has spoken about his Monaco residence at one of his interviews.

It's exceeded my expectations, [from] being a kid from the country, growing up in a field and looking at grey skies, and nothing other than my Labrador. Being here, [there is] a really great community, some good friends, jumping in the sea every single day training and with sunshine. As I said, it's exceeded my expectations.

George Russell spoke about his move to Monaco, via GPFans.

George Russell Car Collection

Being a Mercedes racer, it is no surprise that George Russell is a fiercely loyal Mercedes fan. As per the reports, these are the cars that Russell has been spotted in:

George Russell Watches

Relaxing at a cafe in 2022, George Russell shared a shot of himself wearing a Pilot’s Watch Double Chronograph TOP GUN Ceratanium. His other watchpieces include $10,900 worth Rolex Oyster Perpetual and IWC Pilot’s Chronograph Ref. IW377709.

George Russell’s Girlfriend Carmen Mundt’s Net Worth

The driver has maintained a not-so-public love life. However, the driver is dating an alum of the University of Westminster, Carmen Mundt, and made his relationship public back in 2020. The couple is absolutely adored by the fans. They are going strong as of now, and are even spending the last week of 2023 together as they posted pictures of each other on their Instagram.

Carmen used to work at a London-based investment banking firm, and her net worth comes from her social media collaborations as well as her professional job. Her net worth should be around $1 million, as of 2023.

What is George Russell’s net worth?

George Russell’s net worth is around $1 million.

What is George Russell’s Salary?

The Mercedes driver receives a salary of $5 million.

Which team does George Russell drive for?

The British drive for the Mercedes F1 team.

Is George Russell Married?

No, he isn’t married yet but has a girlfriend.

Who is George Russell Dating?

He has been dating Carmen Mundt since 2020.

Who is George Russell’s Teammate?

His teammate is the seven-time world champion, Lewis Hamilton.

How old is George Russell?

The British driver turned 24 on 15 February 2022.

Is Max Verstappen better than George Russell?

While George is said to have a lot of potential and Mercedes is willing to push the driver to his prime, Max Verstappen has proven himself on the grid by winning an F1 world champion title in 2021.

Which team did George Russell start his F1 career with?

The driver started his F1 career in 2019 with the Williams F1 team.

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