Carlos Sainz Jr. Net Worth

What Is Carlos Sainz Jr.’s Net Worth?

Carlos Sainz Jr., the accomplished Spanish Formula One driver, has cultivated a substantial net worth through his racing career and endorsements. As of 2025, his net worth is estimated to be $50 million. This wealth is primarily derived from his contracts with various Formula One teams and lucrative endorsement deals.

Carlos Sainz Jr.’s Salary and Contract Details

Sainz’s financial growth has been significantly influenced by his Formula One contracts. In 2021, when he transitioned from McLaren to Ferrari, he secured a two-year contract that provided a base salary of $8 million per year. This contract marked a considerable step up in his earnings, reflecting his increasing prominence in the sport. In April 2022, recognizing his value to the team, Ferrari extended Sainz’s contract for another two years. This extension not only secured his position with the prestigious team but also increased his annual base salary to $10 million. This figure underscores his status as a top-tier driver within Formula One. Beyond his base salary, Sainz also benefits from endorsement contracts, which contribute significantly to his annual income. These endorsements bring in an additional $4 to $7 million per year. The exact figures fluctuate based on the specific agreements and performance-based incentives, but they consistently add a substantial amount to his overall earnings.

Early Career and Trajectory

Born on September 1, 1994, in Madrid, Spain, Carlos Sainz Jr. inherited a passion for motorsports from his father, Carlos Sainz Sr., a two-time World Rally Champion. This early exposure to racing fueled his ambition and set the stage for his own career. Sainz began his journey in karting, quickly demonstrating exceptional talent. In 2008, he secured the Asia-Pacific KF3 title, a significant achievement that marked him as a rising star. That same year, he finished as the runner-up in the Spanish Championship, further solidifying his reputation. The following year, in 2009, Sainz continued his success in karting by winning the Junior Monaco Kart Cup, a prestigious event that attracts top young drivers from around the world. He also achieved second place in the European KF3 Championship, showcasing his ability to compete at the highest levels of karting. In 2010, Sainz transitioned to Formula BMW, racing with the EuroInternational team. Over nine races, he achieved three pole positions and secured two wins, demonstrating his potential in single-seater racing. He concluded the season in fourth place with 227 points, a promising result that highlighted his aptitude for the sport. Sainz also participated in the UK Formula Renault Winter Cup in 2010. He finished sixth in the first race before encountering a setback in the second race, which he did not finish. This experience provided valuable lessons and contributed to his development as a driver. In 2012, Sainz competed in both the Euro Series and British Formula 3 championships, driving for Carlin. In the Euro Series, he secured two podium finishes and two pole positions, demonstrating his ability to compete at the front of the field. In the British Formula 3 championship, he achieved even greater success, winning four races and securing an additional nine podium finishes. In 2013, Sainz raced for Arden in the GP3 series. Although he showed flashes of potential, the season proved challenging, and he finished in 10th place with 66 points. Despite the difficulties, the experience provided valuable insights and helped him refine his skills. Sainz began racing in Formula Renault 3.5 in 2013. After a difficult season marred by several retirements, he made a remarkable comeback in 2014. Driving for the French team DAMS, Sainz dominated the season, claiming the championship title with 227 points. This victory marked a turning point in his career and paved the way for his entry into Formula One.

Formula One Career: Key Milestones

Carlos Sainz Jr. made his Formula One debut in 2015 with Toro Rosso. His initial season was a mix of promising performances and setbacks, including multiple mechanical issues. He ultimately finished the season in 15th place in the Drivers’ Championship. In 2016, Sainz improved his performance, finishing in 12th place in the Drivers’ Championship. This progress demonstrated his growing experience and ability to consistently score points. During the 2017 season, Sainz moved to Renault after an inconsistent start. He finished the season in ninth place in the Drivers’ Championship, marking a significant step forward in his career. In 2018, Sainz continued to improve, consistently qualifying in the top ten. He scored points in 13 of the 19 races he finished, ultimately securing 10th place in the Drivers’ Championship. Despite this success, he was replaced at Renault by Daniel Ricciardo at the end of the season. In 2019, Sainz joined McLaren, marking a new chapter in his career. At the Brazilian Grand Prix, he achieved his first Formula One podium finish, starting from last place and finishing third. He ended the season in sixth place with 96 points, his best result to date. In 2020, Sainz continued to excel with McLaren, achieving his first Formula One fastest lap at the Styrian Grand Prix and his second podium finish at the Italian Grand Prix. He finished the season in sixth place in the Drivers’ Championship for the second consecutive year, this time with 105 points.

Joining Ferrari: A New Chapter

In 2021, Carlos Sainz Jr. joined Ferrari, one of the most iconic teams in Formula One. He recorded multiple podium finishes, including at the Hungarian Grand Prix and the Abu Dhabi Grand Prix. Sainz concluded the season with his best finish yet in the Drivers’ Championship, coming in fifth place with 164.5 points. In 2022, Sainz continued to develop as a driver, finishing as runner-up at the Canadian Grand Prix before achieving his maiden Formula One win at the British Grand Prix. For the second consecutive year, Sainz finished fifth in the Drivers’ Championship, this time with a career-high 246 points.