Lewis Hamilton declined a $450 million offer. However, reports indicate that Hamilton initially turned down a two-year deal worth just over $50 million per season from Ferrari. He later agreed to a contract reportedly including a pay packet just north of $87 million for 2025, with the option to extend for 2026. A quarter of that amount is allocated to fund his Mission 44 organization. Additionally, Ferrari’s parent company, Exor, offered to create a joint investment fund worth over $272 million, with Hamilton serving as an ambassador for his portfolio.
Hamilton’s decision to join Ferrari in 2025 was influenced by several factors, including his relationship with Ferrari Team Principal Fred Vasseur and the opportunity to take on a new challenge. He expressed that the timing felt right for this move.
While the exact financial details of Hamilton’s contract with Ferrari are not publicly confirmed, estimates suggest that Ferrari is paying him between $60 million to $100 million annually.
In a separate development, General Motors is reportedly paying a $450 million anti-dilution fee to secure a spot for Cadillac on the 2026 Formula 1 grid.
Hamilton’s move to Ferrari marks a significant shift in his career, bringing new opportunities both on and off the track
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