Max Verstappen Net Worth: Why Doesn’t BMW Compete in Formula One?

Max Emilian Verstappen is a race car driver from Belgium and the Netherlands. He won the Formula One World Championship in 2021 and became the champion of the world. He competes for Red Bull Racing in Formula One under the Dutch flag. His father, Jos Verstappen, was a Formula One racer.

Max Verstappen Childhood

Max Emilian Verstappen was born on September 30, 1997, in Hasselt, Belgium. Max and his younger sister were raised in a family with a rich history of motorsports success.

Similar to his sister, he was destined to become a Formula One driver. His parents were both athletes. His mother competed in kart racing, while his father, Jos, was a driver. Additionally, Max’s family has a long history in the NASCAR Whelen Euro Series.

Even though he was born in Belgium, Verstappen identifies as a Dutch national. In professional competitions, he competes under the Dutch flag. Before obtaining his licence, Max competed in Formula One for about a year, so he has extensive experience in the sport.

At the age of four, Verstappen began racing automobiles. By the age of seven, he had already raced karts and won multiple championships.

In 2010, he competed in kart races around the globe. At the KF3 World Cup, he placed second, just behind Alexander Albon. In the future, Albon would join him on the Red Bull Racing team. Max had already won several international titles by the end of 2012, and he was now prepared to compete in the Formula racing series.

In 2013, Verstappen raced for the first time in a real car at the Pembrey Circuit. He drove a Formula Renault. Over the next few years, he tested a variety of Formula Renault vehicles, posting impressive lap times and besting more experienced drivers.

2014 marked his first participation in the Florida Winter Series. Before moving up to Formula Three, he quickly won a number of races.

 

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In a single season, he won ten races and finished third in the Formula Three FIA European Championship. It was now evident that Verstappen was prepared for Formula One.

Max chose to join the Red Bull Junior Team in 2014 despite Mercedes’ interest. Later that year, during practise for the Japanese Grand Prix, he became the youngest driver to ever compete in a Grand Prix Weekend.

Later that year, he became the youngest driver to ever compete in a World Championship at the Australian Grand Prix. The previous holder of the record was over two years older than Max. His first race, however, did not go as planned. His engine failed, and he was forced to abandon the race.

After that, he had several strong finishes until he collided with Romain Grosjean and crashed into the barriers. This caused a great deal of trouble, and other drivers referred to him as “dangerous” as a result. Verstappen had a fantastic year. He received the awards for “Rookie of the Year,” “Personality of the Year,” and “Action of the Year.”

Property

Max is rumored to rent a Monte Carlo penthouse worth 13 million pounds. Verstappen asserts that he did not select the residence in order to reduce his tax liability, despite the belief of some.

Cars

You would expect a Formula One driver to have a large car collection at home, and Verstappen does not disappoint. He is rumoured to enjoy Aston Martins, and in 2021 he was reportedly awaiting the arrival of a £2 million Valkyrie.

Infancy

Max Emilian Verstappen was born in the Belgian city of Hassel on September 30, 1997. Max grew up in a family with a long history in motorsports alongside his younger sister. He intended to compete in Formula One.

Jos, his father, and his mother both raced karts. Max’s family has a long history in the NASCAR Whelen Euro Series.

Despite being born in Belgium, Verstappen identifies as a Dutchman and races under the Dutch flag. Before obtaining his licence, Max raced in Formula One for about a year.

 

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When he was four years old, Verstappen began racing. By 2007, he had won numerous karting championships. In 2010, he participated in international kart competitions and finished second in the KF3 World Cup, which was won by Alexander Albon.

Later on, Albon joined the Red Bull Racing team. Max had won several foreign championships by the end of 2012 and was prepared to switch to Formula One.

After winning his first world championship in 2021, Verstappen’s contract with the Milton Keynes-based team was extended until 2028. This will almost certainly increase his bank account balance.

The 24-year-old is estimated to have a net worth of $60 million thanks to his endorsement income. The Dutchman’s net worth will increase even further as a result of the new deal. From 2024 onward, the Red Bull driver’s salary will increase significantly.

Frequent Requested Information

Who has More Formula One Race Victories?

Only Lewis Hamilton has won more than 103 races in Formula One history. Michael Schumacher, the former record holder, is in second place with 91 victories. Sebastian Vettel is in third place with 53 victories.

Why Doesn’t BMW Compete in Formula One?

BMW left the sport and sold the team back to its founder, Peter Sauber, because the global financial crisis and the limitations of the current technical regulations made it difficult for the company to develop road-ready technology.

Who is Max Verstappen Girlfriend?

Max Verstappen has been dating Joyce Godefridi since 2016. He resides in Monaco at present. He uses many of the most popular social media sites, including his official Twitter and Instagram accounts, in his spare time.

Conclusion

Max Emilian Verstappen was born on September 30, 1997, in Hasselt, Belgium. Max and his younger sister were raised in a family with a rich history of motorsports success. The 24-year-endorsement old’s income has contributed to a $60 million net worth.

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