Sergio Perez Net Worth 2024: How Much Is He Worth?

Read on to find out all about Mexican racing driver Sergio Perez's net worth, F1 salary, endorsements, wife, house and car collection, etc.


Sergio Perez Net Worth 2024: How Much Is He Worth?

Sergio Perez

NameSergio Perez
Age33
NationalityMexican
OccupationFormula 1 Racing Driver
Net Worth$30 Million
Salary$10 Million per annum (fixed salary) + $16 Million (in bonuses)
EndorsementsTelcel, Mobil, Kitkat, and others
Marital StatusMarried to Carola Martinez

Sergio Michel “Checo” Pérez Mendoza, more commonly known as Sergio Perez or just “Checo”, is a racing driver currently competing in Formula 1 with Red Bull Racing. He was born on 26 January 1990, in Guadalajara, Mexico, to Antonio Pérez Garibay and Marilú Mendoza de Pérez. His father, often seen cheering on his son in the F1 paddock, is a politician. The youngest of three siblings, he has an elder sister Paola, and Antonio, who is also a racing driver (now retired) and has competed in the NASCAR Xfinity Series. Checo first made his F1 debut with Sauber, back at the 2011 Australian Grand Prix. He stayed with them for two seasons. A disappointing stint at McLaren followed in 2013, after which Perez moved to Force India. Force India, later Racing Point, would serve as his home for seven years.

It is with Racing Point that he won his first race, in a dramatic last-to-first drive at the 2020 Sakhir Grand Prix. Perhaps it was this drive that convinced Red Bull to give him a chance, and in 2021, he came in to partner Max Verstappen. His first season saw him in a very impressive role as he played a crucial part in ensuring Max Verstappen gets his 2021 Championship win over Lewis Hamilton. He even earned his second F1 win at the Azerbaijan Grand Prix in the same year.

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He took a step up in 2022 and competed better on pace with Verstappen, but it was not enough. He did win two races, but unfortunately, he narrowly missed out on P2 in the championship. In 2023, though, he’s went for the World Championship win right from the beginning of the year. At one point in the season, he did almost equal his teammate’s score going into the Miami GP, but he later on fell back in the Championship fight. Here are all the details on the Mexican racer who is all-set to enter his third year as a Red Bull driver in the 2024 season.

Sergio Perez Net Worth

Sergio Perez is an extremely popular Formula 1 driver, especially in his home country of Mexico. So, he’s a very lucrative sponsorship opportunity, and that has contributed to his net worth. Another thing contributing to his fortune is his position at Red Bull – who are currently F1’s top team and have been near the top for around a decade now.

Sergio Perez
Sergio Perez (via IMAGO)

According to a host of sources, Sergio Perez net worth is around $30 million. If he wins the championship or stays at Red Bull past his current contract, this will definitely increase.

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Sergio Perez F1 Contracts & Salary

Sergio Perez’s contract at Red Bull was recently extended, with it now running until the end of 2024. This was done in light of his excellent performances, preceding the Monaco Grand Prix. As such, his salary is also expected to have increased with it. So, currently, according to RacingNews365.com, he has an estimated salary of $10 million.

Sergio Perez
Sergio Perez after winning his 2nd Grand Prix and his first for Red Bull (via Twitter)

This means he has around the sixth-highest salary on the F1 grid, far behind his teammate, Max Verstappen who is said to be the sport’s current top earner, with a reported salary of around $40 million.

Sergio Perez Bonuses

Being the recruit of the current Championship-winning team in Formula 1, it is an undoubted fact that Sergio Perez’s contract with Red Bull is one of the costliest ones on the grid right now. In addition to the $10 million a year annual salary that gathers in his coffers, he also amassed a bonus sum of $16 million, based on certain reports.

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Sergio Perez Endorsements

For almost his entire career, Sergio Perez has been ‘sponsored’ by Telmex, a Mexican telecommunications company. When he had been announced as a Sauber driver, the team had announced a sponsorship with Telmex alongside. He has been associated with them since his karting days, and even made his racing debut with them in the ‘Skip Barber National Championship’. It was through Telmex, and Carlos Slim, that Perez reached Europe.

Sergio Perez has long been supported by Telmex
Sergio Perez has long been supported by Telmex (via Twitter)

He also has a partnership with Patron Tequila. He is also sponsored by Telcel, which is Telmex’s sister company. As expected, he’s brought that sponsorship to his current team, Red Bull. Another team partnership he’s ‘brought’ to Red Bull, is INTERprotección, the ‘largest insurance broker in Mexico and Latin America’, which partnered up with Red Bull in 2021.

Sergio Perez Investments in Business

Sergio Perez has a net worth that is higher than most of his contemporary F1 racers, and thus he must pool his money into investments that will give him returns in the future when he is not racing anymore. But the details of his investment ventures have not been made public as of now.

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Sergio Perez Investments in House/ Real Estate

Details of Sergio Perez’s exact residence are unknown. However, it can be safely assumed that he has a residence in his native country, Mexico, most likely in Guadalajara. But considering Formula 1 is still mostly a European sport, and his team, Red Bull, is headquartered in Milton Keynes, England, he likely has a place there (In Mainland Europe, or England) as well.

Sergio Perez likely lives in Mexico
Sergio Perez likely lives in Mexico (via Twitter)

According to Monaco Life, he lives in the Principality, which is also home to his teammate, Verstappen as well as others like Charles Leclerc and Lando Norris. Monaco’s status as a tax haven makes it an attractive destination for many sportsmen, and Formula 1 drivers are no different.

Sergio Perez Charity Work

Sergio Perez has an eponymous charitable foundation
Sergio Perez has an eponymous charitable foundation (via his official website)

Sergio Perez has participated in numerous charity football matches. To support orphans and children with cancer, the Mexican driver started the ‘Checo Perez’ foundation, back in 2012. His sister, Paola, is the President.

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Open, generate, promote and provide comprehensive development possibilities to one of the most vulnerable sectors, children.
This is the motto of Sergio Perez’s philanthropic organization, as per its website.

Sergio Perez Car Collection

Being a Formula 1 driver, one would expect Sergio Perez to have an impressive car collection. Plus, he is obviously well-off – not only through his F1 career and salary, but also through his family’s own fortune. He definitely does not lack in the car collection department and has some real beauties in his garage(s).

Sergio Perez
Sergio Perez (via IMAGO)

Without any further delay, here are the cars Perez is reported to own:

CarPrice
Bugatti Chiron$3 million
McLaren 720S$1 million
Mercedes-Benz AMG$790,000
Porsche Panamera$305,000
Honda/Acura NSX (Vintage)
BMW X7$75,000-$152,000

Sergio Perez Watches

Sergio Perez is one of the most prolific F1 races of the current times, and of course, his opulent lifestyle choices have been reflected in the amazing watch pieces he has worn from time to time. According to several reports, the different watches that Perez has sported include the TAG Heuer Connected (a smartwatch that is worth a whopping 42,500 (Approx.) Checo was also seen wearing the TAG Heuer Monaco in DLC-Coated Titanium, as per Superwatchman.com.

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Sergio Perez Wife Carola Martinez Net Worth

Sergio Perez has been married to Carola Martinez since 2018. Martinez also hails from Guadalajara and was born there, likely on December 16, though the year of birth is uncertain. The two had apparently been in a relationship for some time, but it only came out in 2017, when Perez announced that he was going to become a father. He proposed to her the same year, and the two married in June 2018. A curious fact–the marriage was blessed by Pope Francis! They have three children. The eldest, Sergio Jr., was born in December 2017.

Sergio Perez (L) with his wife, Carola Martinez (R)
Sergio Perez (L) with his wife, Carola Martinez (R) (via Express.co.uk)

In September 2019, they welcome their second child, a daughter, Carlota. More recently, their second son, Emilio, was born in May 2022. Her Instagram account, which has 165K followers, only has one post on it: a picture of her, with Sergio, following the FIA Awards Ceremony. Martinez’s proper line of work is unknown and hence her net worth cannot be estimated.

Frequently Asked Questions

What is Sergio Perez Net Worth

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The Mexican driver’s net worth, in 2024, is reported to be $30 Million.

What is Sergio Perez’s Salary?

He earns $10 Million annually, with Red Bull.

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Who is Sergio Perez?

He is a Mexican professional Formula 1 Race Driver who races for Red Bull.

Is Sergio Perez better than Max Verstappen?

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The results disagree. In their time as teammates, across two seasons, Verstappen has won two championships, while Perez has finished a maximum of P3 in the championship.

Who is Perez’ teammate?

He drives alongside Max Verstappen in Red Bull.

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Who is Sergio Perez dating?

He has been married to Carola Martinez since 2018.

How old is Sergio Perez?

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The Red Bull driver is 33 years old.

When did Sergio Perez sign for Racing Point?

Perez signed for Force India in 2014. This team later became Racing Point completely in 2019.

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Why is Sergio Perez called ‘Checo’?

According to the man himself, every person named ‘Sergio’ where he comes from in Mexico is called ‘Checo’.

When did Checo Perez sign for Red Bull?

After an impressive 2020 with Racing Point, which included a heroic win in Sakhir, Perez joined Red Bull in 2021.

When did Sergio Perez debut in Formula 1?

The Mexican driver debuted in Formula One in 2011 with the Sauber team.

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