What is Sergio Perez's Net Worth as of 2024?

Sergio Perez, aptly nicknamed the "Mexican Minister of Defence", is among the late-blooming talents in Formula 1. He spent his earlier years fighting in the middle of the pack with teams like Sauber, Force India (later renamed Racing Point), etc. He turned all eyes towards himself during his final season at Racing Point in 2020 when he won his first Formula 1 race and ended up 4th in the driver standings. Sergio Perez was dropped by the newly renamed Aston Martin Formula 1 team in favor of 4-time world champion, Sebastian Vettel. However, he found himself beside the upcoming talent, Max Verstappen at Red Bull in 2021.

Perez immediately soared to success at Red Bull. He was crucial to the team's title charge for the driver's championship with Max Verstappen. He managed to help Verstappen in various races throughout the season, becoming an asset to Red Bull. Sergio Perez managed to hold back Lewis Hamilton with his superior defense during the 2021 Abu Dhabi GP which was the deciding race for Max Verstappen. He went on to claim his career-best of 305 points during the 2022 Formula 1 season. Perez was unable to match his teammate's raw pace and was outperformed by Max Verstappen in almost every race during the 2023 season. He won only two races during the 2023 season compared to Verstappen's 19. Red Bull and Sergio Perez have decided to end his contract prematurely, as of December 2024.

Sergio Perez Net Worth 2024

As of December 2024, Sergio Perez has an estimated net worth of $50 million, as per reports from Celebrity Net Worth. The Mexican driver has earned his wealth primarily from race winnings and earnings from Formula 1. He also has many sponsors and endorsement deals which contribute significantly to his net worth. Perez has won some of the most important races of Formula 1 like the Monaco GP which he won in 2022.

He placed runner-up and second runner-up in the 2023 and 2022 seasons respectively, which contributed to his wealth significantly as prize money. Sergio Perez has earned a total of $96.57 million in career earnings throughout his Formula 1 career, as per reports by Spotrac.

Sergio Perez Salary

Sergio Perez has a salary of $14 million at Red Bull Racing in 2024, as per details provided by Spotrac. Perez initially had a contract with Red Bull until the end of the 2025 season however, the Mexican driver won't be continuing with Red Bull after the 2024 Formula 1 season. Perez had a bonus of $16 million during the 2023 season on top of his base salary, according to Forbes's official site. Sergio Perez saw a massive cut in his pay during the 2024 season. He had a salary of $26 million during the 2023 season according to Spotrac.

Sergio Perez Endorsements

Sergio Perez has a vast array of brand deals that makes him one of the most marketable drivers on the grid. America Movil is one of the main sponsors of Red Bull Racing whose owner has been Perez’s biggest sponsor throughout his career. Some other brands Perez has worked with are Marvel, Nescafe Mexico, McDonald’s, Kit Kat, and many more. He also has a clothing collection with Acapella and a sunglasses collection with Xades.

Perez has listed his present sponsors on his official website as Banorte, inter.mx, Claro, Telcel, Xades, Granvita, Mobil1, Disney, Nescafe, KitKat, Habits, ProDynamics.

Sergio Perez Investments

Sergio Perez has invested in the E1 series. It is the world's first all-electric boat racing series where Perez is the team owner for Team Mexico. Other big names like Virat Kohli, Tom Brady, Steve Aoki, Rafael Nadal, and Didier Drogba are also team owners in the series.

Perez has also started his own performance nutrition brand, Habits by Sergio Perez.

Sergio Perez Other Sources of Income

A fan favorite in Mexico, Checo has no problem selling his merchandise which has helped him add to his wealth. His influence extends to a go-kart track in Mexico called Kartodromo Checo Perez. He has his driver academy, Checo Perez Driver Academy. It focuses on the youth talent in Mexico and helps them realize their racing dreams.

Sergio Perez House

Sergio Perez lives in a lavish house in Puerto Vallarta, Mexico. The Mexican lives in his home country with his wife and son. Before having their son, the couple lived in Madrid, a place he wishes to live in again after he retires. During his formative years, Perez also lived in England to further his racing career.

Sergio Perez Car

Sergio Perez, renowned for his love of cars, possesses an extraordinary collection of automobiles. Some of these cars are:

• Mercedes-Benz AMG
• Bugatti Chiron
• BMW X7
• McLaren 720S
• Porsche Panamera

Sergio Perez Charity Work

Perez established his charity in 2012 called The Checo Pérez Foundation. He came from a humble background, growing up in Mexico, and rose through the ranks to reach Formula 1. These beginnings are the driving force for the establishment of his charity which focuses on helping the ones in need in his home country of Mexico.