Why did Lewis Hamilton sell his $23 Million worth private jet?
Climate enthusiast Lewis Hamilton reveals why he sold his 23-million-dollar worth Bombardier Challenger 605
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Lewis Hamilton in his private jet (Credits: pinterest.co.uk)
Seven-time- world champion Lewis Hamilton bought a Challenger 605, which he customed painted burgundy in color. The jet was worth $23 Million and can accommodate about ten passengers comfortably. Hamilton came into possession of his private jet in 2013. However, with Lewis Hamilton being a stern advocate for climate concerns, many questioned the Brit’s purchase.
On the talk show, ‘Jimmy Kimmel Live’ Hamilton explained his million-dollar purchase. “So we travel a lot! I love cars and I love planes. So let me explain. Every time at the airport you see these really sad old white planes with the saddest stripe down at the side. I was like ‘If I get a plane, I’m gonna pimp it out!” Hamilton said. With a net worth of $285 million, the Mercedes driver lives an enviable life.
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Lewis Hamilton sacrificed his lavish lifestyle for philanthropic passion
With Hamilton adopting veganism and a more eco-sustainable lifestyle, his owning a private jet did not sit well with many fans. However, Hamilton does not own his private jet anymore. He reportedly sold it back in 2019. With the Brit wanting to lead a more green lifestyle, the carbon emissions from the jet did not align with his goals. Teams often prefer to fly via commercial flights; some, however, decide to fly in their solo plane. The cost of accommodation and travel has to be taken into consideration by the team
After achieving excellence in the sport, Lewis Hamilton has used his platform to speak about issues he believes in. Hamilton, one of the wealthiest sportsmen on the planet, tries to make good use of that money for social causes. An eco-friendly lifestyle, however, isn’t the only cause Hamilton has been vocal about. As the only Black driver in the history of F1, he has used his platform to promote equality and other issues such as LGBT+ rights and climate change.
Lewis Hamilton’s $285 million net worth fuels a lavish life of luxury
Hamilton’s seven world championships have earned him millions making him the 17th highest-paid athlete in the world. He has a net worth of $285 Million; according to Forbes, Lewis Hamilton’s contract with Mercedes in 2021 was an estimated $27 million in 2022. The Brit still earns more than former rival driver Max Verstappen. The Red Bull driver makes $46 million per year.
Hamilton’s multiple brand endorsement deals
The Mercedes driver also has profitable deals with Tommy Hilfiger, Monster Energy, Puma, IWC, Sony, Bose, Bell Helmets, MV Augusta Motorcycles, Petronas, and Gran Turismo Sport. Hamilton makes $8 million yearly from endorsements alone.
Lewis Hamilton’s diverse collection of multi-million-dollar sports cars
Like any other F1 driver, Stevenage’s racer is a massive sports car fan. Being with the Silver Arrows for over a decade, his collection is not limited to Mercedes alone. Cars reported to be included in his collection include a $1.15 million McLaren P1, two $1.56 million Ferrari La Ferraris, and a $2.72 million Mercedes-AMG Project One. He also owned a custom-made Pagani Zonda, which he sold for $10 million.
Lewis Hamilton’s Luxurious $4 Million Yacht
As the Britain driver resides in Monaco, he purchased a $4 million 90-foot Sunseeker yacht, which is typically docked in Monte Carlo. Hamilton also shared a video in 2017 partying in Monaco aboard the much larger 270-foot Alfa Nero yacht.
Hamilton, however, advocates for causes that he believes in and has proved that he is willing to put his money where his mouth is. In 2021, Lewis Hamilton founded ‘Mission 44’ in collaboration with Mercedes and pledged $27 million to a charity to promote diversity in motorsport.
FAQs-
Why did Lewis Hamilton sell his $23 million private jet?
Hamilton sold his private jet in 2019 to align with his eco-sustainable lifestyle and reduce carbon emissions.
What other social causes has Hamilton supported?
Hamilton has supported causes like equality, LGBT+ rights, and climate change, pledging $27 million to promote diversity in motorsport.
How does Hamilton’s net worth contribute to his luxurious lifestyle?
Hamilton’s $285 million net worth enables him to own high-end cars, a yacht and indulge in luxury experiences.
What is the significance of Lewis Hamilton’s ‘Mission 44’ initiative?
‘Mission 44’ is Lewis Hamilton’s initiative, in collaboration with Mercedes, aimed at promoting diversity in motorsport through a $27 million pledge
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Justin P Joy
(4872 Articles Published)