George Russell's approaching £30 million annual Mercedes contract and his affluent sponsorship empire, extravagant vehicle collection, and business-wise girlfriend relationship in the F1 arena detailed.
In the fast-paced world of Formula One, British driver George Russell is making a name for himself. With a net worth estimated at approximately £15 million, Russell's career is on an upward trajectory, and he is on the brink of signing a new £30m-a-year deal with Mercedes.
Russell's wealth primarily comes from his current salary of £12 million with Mercedes, supplemented by race bonuses, sponsorship deals, and endorsement contracts. His salary has grown significantly since joining Mercedes in 2022, starting at £5 million and increasing to £12 million by 2025, with additional bonuses estimated at around £8 million in previous years.
Brands such as Mercedes, British Racing Drivers' Club, Bell Helmets, Alpinestars, MDM Designs, Adidas, IWC Schaffhausen, and sportswear giant Adidas have deals with the 27-year-old racer. Russell's girlfriend, Carmen Montero Mundt, also has her own contracts with major brands as an influencer.
Mundt, who has more than 409,000 followers on Instagram, often shares snaps of her luxury travels and enviable style online. She met Russell through friends in London and is described as incredibly supportive by the Formula One driver.
Russell's win in Canada and his consistent form this season have been noted, and he is growing in fanbase, although he does not yet have the level of fandom as some drivers.
Russell owns a £2.5m Mercedes AMG ONE, a limited edition car, and a Mercedes-AMG G 63. He has an affection for Mini Mokes and is loyal to his F1 team, Mercedes. He ferries Mundt around in luxury cars from his collection as they travel the world together.
Mundt has a business degree from the University of Westminster and has previously worked in finance as an investor relations associate at Ruffer LLP in London. She is currently studying again, demonstrating her commitment to continuous learning.
Russell's net worth is set to increase substantially in the next few years, reflecting his growing success in Formula One. With brands queuing up to represent them, Russell is extremely marketable, making him a valuable asset to his team and sponsors.
- George Russell's business ventures extend beyond Formula One, with major brands like Mercedes, Adidas, IWC Schaffhausen, and others signing endorsement contracts with him.
- Similar to George Russell, his girlfriend, Carmen Montero Mundt, also has a significant presence, earning income as an influencer from brands in the fashion-and-beauty and lifestyle sectors.
- While George Russell's career is rooted in sports, specifically Formula One, his passion for sports extends to football, with a particular interest in European leagues like the Premier League.
- Apart from cars like the limited edition Mercedes AMG ONE and Mercedes-AMG G 63, Russell appears fond of the vintage Mini Moke, adding to his collection of luxury vehicles.
- In the world of entertainment and pop-culture, Russell and Mundt maintain a considerable presence, with their luxurious travels and stylish lifestyle documented on social media platforms such as Instagram.
- Russell's net worth increase is not limited to his Formula One earnings; his celebrity status and marketability within pop-culture make him an attractive option for various brand partnerships.
- Despite not garnering the same level of fandom as some other drivers, Russell's performance on the track, particularly his win in Canada, has been consistently impressive this season, expanding his fanbase.
- With a net worth of approximately £15 million, George Russell's financial success is evident, but his continual learning and investment-related background, thanks to Mundt's experience in finance, suggest he will continue to make smart decisions both on and off the track.
