If you want to get onto the F1 grid, you better have a lot of 💰 in the bank.
Formula 1 has always been known as something of a playpen for the very rich. Last year, Lewis Hamilton described the new era as aand there are few drivers on the grid who have not come from affluent backgrounds.
Some drivers, such as Sebastian Vettel, George Russell and Yuki Tsunoda, rely on sponsorship, as did Hamilton after his father worked three jobs to keep his son’s dream alive. Daniel Ricciardo’s parents do not have the same level of wealth as some of the previous names listed but were able to pay for their son’s rise through to F1.
The Schumacher name is one that is very closely associated with Formula 1, so when Ralf, brother of Michael and uncle of Mick, says it costs around €13 to €15 million to get onto the grid, he knows what he is talking about., the 47-year-old calculated it can cost up to a quarter of a million a year just to compete in go-karting.
“In international karting, with a professional team with all the races, you’re good and happy with a quarter of a million a year.
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