Kevin Magnussen Earns $5 Million in 2021, His Net Worth in 2021? Kevin Magnussen is one of the upcoming Formula One talents. How much has he earned in his F1 career so far? His career earnings and endorsement deals.
Kevin Jan Magnussen, simply known as Kevin Magnussen, is a professional F1 driver who is competing in the 2021 F1 season with Hass-Ferrari under the Danish flag. This Danish F1 driver is the son of Jan Magnussen. Jan Magnussen is a four times Le Mans GT Class winner. Kevin began his F1 career in 2014 and his first entry was at the 2014 Australian Grand Prix.
Net Worth: $3 Million
Date of Birth: October 5, 1992
Endorsements: Jack & Jones, OmniCar
Annual Salary: $2.2 million
Spouse: Louise Gjørup
Profession: Racing Driver
Height: 5 ft 7 in (1.74 m)
Teams: McLaren, Renault, Haas
Car number: 20
In the business for the past seven seasons, how much has Kevin Magnussen earned so far? What is Kevin’s net worth in 2021?
How Much is F1 Driver Kevin Magnussen’s Net Worth in 2021?
Son of Jan Ellegaard Magnussen, Kevin Magnussen is an F1 driver for the past seven F1 seasons. Throughout his F1 career, Kevin has earned a good fortune. Well, we wouldn’t lie, Kevin’s net worth might fall short of other F1 drivers like Sebastian Vettel, but he is a millionaire. And not one can take that from him.
In the early years of his F1 career, the detail about his net worth was nowhere to be found. In 2016, his net worth was estimated at $1.1 million. Fast forward to 2021, Kevin Magnussen has a net worth of $3 million. His million-dollar fortune is the outcome of his basic salary and bonus in F1. Also, he has some good sponsors to earn some extra money off-track.
How Much Does Kevin Earn per an F1 Season?
Throughout the length of his professional F1 career, which kick-started in 2009, Kevin Magnussen has been wearing a decent sum of money. He has never been the lowest-paid F1 driver to go in the papers and neither the highest-paid. Well, he quite afloat in the middle section in the list of the highest-paid F1 drivers over the years.
In 2021, Kevin Magnussen’s annual salary stands at $1.5 million. His current F1 team, Hass-Ferrari signed him in for the 2017 F1 season on a four-year deal. His four-year contract with Hass-Ferrari is worth $6 million. In 2019, Kevin earned $1.5 million. If he manages to score podium wins, his basic salary will go higher.
What is Kevin Magnussen’s Endorsement Earning?
Formula One is a top sport and it takes more than just talent to sustain on the horizon of F1. If you lack hard work and dedication at your job, likely, you will fail to make it to the F1 grid.
It takes a lot to make a name in F1 and once you manage to sell it, there’s no stopping you. If you are a consistent performer in the game, not only you will have a good basic salary, but you will also have good earning from endorsement deals.
In 2021, Kevin Magnussen is backed by OmniCar, an IT Company. Omni Car is Kevin’s main sponsor for the 2020 F1 season. His other sponsor is Jack and Joens, a fashion company. His earnings from endorsement in 2021 are yet to go public. He has been making a decent earning from his sponsors. Back in 2016, Kevin earned $250 thousand in total from his sponsors.
Kevin Magnussen’s 2021 F1 Season
Kevin Magnussen continued driving for Hass-Ferrari in 2021. Again, he is partnered with Grosjean. He is under a four-year contract with Hass and this season is the last on his current contract with the F1 team.
During the early stages of the 2020 Hungarian Grand Prix, Kevin was running third. But, he only managed to finish the race in ninth place. At the Tuscan Grand Prix, Kevin met with a multi-car accident. There are not any contract renewal talks between Hass and Kevin Magnussen for the 2021 season.
How Good is Kevin Magnussen On-track?
Kevin started his F1 career with the McLaren F1 Team with a bang. On his very first F1 season in 2014, Kevin earned a podium. He finished third in his first F1 race. He finished his first F1 season in 11th place in the F1 standings.
His career-worst performance came in the 2019 season when he finished in 16th place in the F1 standings. In 2021, he currently sits in the 19th position with just 1 point. He has not managed a single podium on this ongoing season.