Carlos Sainz Net Worth 2024: How Much Is He Worth?
| Name | Carlos Sainz Jr. |
| Age | 29 |
| Occupation | Formula 1 Driver |
| Net Worth | $47 Million |
| Salary | $8 million (fixed salary) + $6 million (in bonuses) |
| Marital Status | Not Married |
| Nationality | Spanish |
| Residence | Spain |
Carlos Sainz Vázquez de Castro, otherwise known as Carlos Sainz Jr. or simply Carlos Sainz, is of the most popular Formula 1 drivers of the current pack. He currently drives for Ferrari, with his contract running until the end of 2024. Even though the 2023 season has already passed, Sainz’s contract renewal talks with the Scuderia have not started yet, and to make them happen, he needs to put forth a stellar performance in the upcoming year. Sainz has already given glimpses of his potential by becoming the only non-Red Bull driver to win a Grand Prix in ’23. But his goal for the upcoming season will be to hone his skills further and remove his inconsistencies that cost him a few podiums in the recently-ended F1 Championship.
2023 was certainly not a perfect year for Sainz, but he still ticked off a few boxes–he made his promise of capitalizing on Red Bull’s errors into a reality at the Singapore Grand Prix. Even though the RBR racers put up an almost invincible front, Sainz maintained that they will falter at one of the race tracks and he would be ready to zero in on a race win then. He did get victory in Singapore, thus becoming the only non-Red Bull driver to achieve that feat in 2023.
He also showed some improvement in his pace as the season progressed, so he could certainly be in the mix for more promising results in 2024. Owing to his potential World Champion status and his popularity, you must want to know more about the Spaniard. If you want to Carlos Sainz’s net worth, we’ve got you covered.
Carlos Sainz Net Worth
It is safe to say that Carlos Sainz is among the finest drivers of the new generation in Formula 1 and has shown his potential repeatedly. Hard-working, meticulous and diligent, any team would be lucky to have him. No wonder Ferrari snatched him up when the chance came. Sainz has a reported net worth of about $47 million, according to MARCA. His net worth comes from his Formula 1 salary, in addition to his endorsements.
Carlos Sainz is a Ferrari racer with immense promise of winning the World Championship title for the Italian outfit. He became the only non-Red Bull racer who managed to win a Grand Prix in the recently-ended 2023 season. Thus, it can very well be estimated that Sainz raked in a huge bonus thanks to his Grand Prix victory too.
Carlos Sainz Contracts & Salary
Carlos Sainz joined Scuderia Ferrari on a two-year contract from the 2021 season, partnering Charles Leclerc and replacing four-time world champion Sebastian Vettel. The Spaniard joined Scuderia on a 2-year deal expiring at the end of the 2022 season. This deal was reportedly worth about $8 million a year. In April of 2022, he signed another two-year contract extension, which will keep him at Ferrari till the end of the 2024 season.
Ferrari is one of the richest and wealthiest teams on the current grid. While the scrutiny at Ferrari is also great – especially in Italy, any driver who joins up with them is sure to take home a good paycheck. Carlos Sainz is no different, and his current deal reportedly fetches him around $8 million (guaranteed sum), according to Il Corriere Dello Sport apart from the added bonuses.
Carlos Sainz Endorsements
Carlos Sainz is clearly a likable persona, as evidenced by his large fanbase. He surely gained a lot of his fans during his McLaren days, when he partnered with Lando Norris. Their ‘ship’ was known as ‘CarLando’. Videos of it still surface from time to time. Now at Ferrari, his popularity continues to grow. All thanks to his rising popularity, Sainz has a number of sponsors to his name.
Carlos has endorsement deals with Estrella Galicia, a Spanish beer company. Their partnership with Sainz began in 2013. After all, Carlos Sainz is more of a household name for F1 lovers back in his homeland. Additionally, he has other sponsors including PlayStation, Schuberth (a racing helmet company), and of course, Ferrari.
Carlos Sainz Charity Work
Carlos Sainz Jr has participated in charity football matches regularly, raising money for a whole host of charities. In 2022, he participated in the annual WORLD STARS FOOTBALL MATCH in Monaco. The funds collected from the match go towards helping underprivileged children across the globe. The Spaniard is involved with Juegaterpia, a foundation meant to bring some light to the lives of children battling cancer.
What these kids go through is extremely tough for me to digest and to accept, and extremely tough to understand how life can be so mean in some regards. Since I met the guys in Juegaterapia, we have found ways to try and make the time where a kid who is going through cancer – and it doesn’t matter if it’s terminal or not terminal – is as fun and as light as possible.Carlos Sainz spoke about his philanthropic organization, via The NY Times.
Carloz Sainz Investments in Businesses
Carloz Sainz rakes in a sum north of $10 Million every year owing to his racing salary and bonuses. Apart from this amount, Sainz has several endorsement contracts which earn him hefty sums as well. Thus, he must invest in other businesses to keep his money in safe ventures. But those investments have not been made public as of now.
Carlos Sainz Investments in House/Real Estate
Carlos Sainz lives in Spain, in what one can only assume is a very luxurious house. The Spaniard is a native of the capital city of Madrid and his permanent residence is said to be there or thereabouts. In an Instagram post before the 2021 British GP, Sainz used the words: “Back home in Italy for some rest after an intense triple header.” so it’s safe to assume that he has a place to live in Italy, probably near Maranello – where Ferrari are headquartered. The exact details of his homes are not known.
He has experience of living in many different places – As per Formula1.com, The Spaniard lived in London during his Toro Rosso and Renault days, later moving to Woking, close to the McLaren factory following his move to the British team.
Carlos Sainz Car Collection
Among the cars that Carlos Sainz owns is his trusty Volkswagen Golf GTI, which he’d said he ‘still drives around’ at a press conference for the 2016 Hungarian Grand Prix. Since that day, Sainz has obviously upgraded his collection – which now includes a McLaren 720S, a 600LT Spider, and also a Ferrari Roma, according to Slash Gear.
But the crown jewel of his car collection is clearly his recently acquired and fully customized Ferrari 812 Competizione. It even has his nickname engraved on it – ‘Smooth Operator’. The price for a normal 812 Competizione is easily upwards of half a million dollars, so while we don’t know the exact value of Sainz’s new car – it’s definitely worth a lot.
Carlos Sainz Watches
Carlos Sainz’s watch collection has gotten quite some spotlight in recent times since a thief tried to swap his £500,000 Richard Mille watch in 2023. Apart from the classic RM watch piece, the Scuderia racer has also been spotted sporting other Richard Mille watches like the Richard Mille UP-01 Ferrari, the Richard Mille 67-02 Automatic “Italy”, etc.
Carlos Sainz Girlfriend Rebecca Donaldson Net Worth
Carlos Sainz Jr is currently dating the 27-year-old Scottish model Rebecca Donaldson. As per several reports, Donaldson, hailing from central Scotland, used to date ‘Keeping Up With the Kardashians’ star Scott Disick. She attended the prestigious Perth Academy, and her mother launched her into a modelling career at 17, according to ET. Donaldson’s net worth is estimated to be around $1.5 million, owing to her modeling assignments.
Carlos Sainz Jr. used to date Isabella Harnaez previously. The two kept their relationship quite private, but they called it quits towards the beginning of the 2023 Formula 1 season. Harnaez herself went public about the break up when she confirmed at one of her interviews that she is no longer with the Ferrari driver.
Frequently Asked Questions
Who is Carlos Sainz?
Carlos Sainz is a Formula (F1) race driver, currently with Ferrari.
What is Carlos Sainz’s Net Worth?
As of 2024, Carlos Sainz has an estimated net worth of $47 Million.
What is Carlos Sainz Formula 1 salary?
Carlos Sainz fetches an annual salary check of $8 Million (fixed salary) from Ferrari apart from $6 Million in bonuses.
Who is Carlos Sainz’s teammate?
Charles Leclerc is Carlos Sainz teammate.
Who are Carlos Sainz’s parents?
Carlos Jr. is the son of his namesake, two-time rallying world champion Carlos Sainz Sr., and Reyes Vázquez de Castro. The two married in 1992.
How old is Carlos Sainz?
Sainz is 29 years old.
Who is Carlos Sainz dating?
Sainz is dating Scottish model Rebecca Donaldson.
Where does Carlos Sainz live?
He currently lives in his hometown in Spain.
Is Carlos Sainz better thanMax Verstappen?
Max Verstappen and Carlos Sainz were teammates during their time at Toro Rosso during the 2015 season. Since that time, Verstappen won his third World Championship title in the recently-ended season, while Sainz managed to snatch the only non-Red Bull race victory in 2023. But there is still a lot of time left in their careers, and they may be battling each other in 2024.
Who sponsors Carlos Sainz?
Carlos Sainz is sponsored by Estrella Galicia, PlayStation, Schuberth Helmets, and Ferrari.
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