If you’ve been following Formula 1 or junior racing circuits lately, the name Liam Lawson probably rings a bell. The New Zealand driver has been making waves in motorsport, from dominating Formula 2 races to stepping in as a substitute for AlphaTauri in F1. But with his rising fame, fans are curious: What is Liam Lawson’s net worth, and how does he earn his money? Let’s break it down in simple terms.
Who Is Liam Lawson?
Born in February 2002 in Hastings, New Zealand, Liam Lawson started karting at just 7 years old. His talent quickly became obvious, and by his teens, he was competing in international series like Formula Renault and Formula 3. Today, he’s part of the Red Bull Junior Team, a program known for grooming future F1 stars like Max Verstappen and Sebastian Vettel.
Lawson’s big break came in 2023 when he temporarily replaced an injured Daniel Ricciardo at AlphaTauri (now Visa Cash App RB). His impressive performances—including scoring points in just his third race—solidified his reputation as a driver to watch.
How Does Liam Lawson Make Money?
Like most racing drivers, Lawson’s income comes from a mix of salary, sponsorships, bonuses, and personal investments. Here’s a closer look:
- Racing Contracts
As a Red Bull Junior driver, Lawson likely earns a base salary, though exact figures aren’t public. Junior drivers in top programs typically make between 200,000to200,000to500,000 annually, depending on experience and results. His temporary F1 stint with AlphaTauri would’ve come with a pay bump, possibly pushing his earnings closer to $1 million for 2023. - Sponsorships & Brand Deals
Lawson has partnered with brands like Gillette and G-Shock, common in motorsport. He also promotes New Zealand-based companies, including Giltrap Group, a luxury car dealership. These deals could add 100,000to100,000to300,000+ yearly to his income. - Prize Money & Bonuses
Winning races in junior categories (like Formula 2) comes with prize purses. For example, finishing 3rd in the 2022 Formula 2 Championship likely earned him a six-figure bonus from Red Bull. - Investments & Personal Projects
While details are scarce, young athletes often invest in real estate or startups. Lawson might also earn from merchandise or appearances.
Liam Lawson’s Net Worth Estimate in 2024
Considering his career stage, most experts estimate Lawson’s net worth to be between 1millionto1millionto3 million. Here’s why:
- F1 Opportunities: His substitute role in 2023 boosted his profile and earnings.
- Junior Series Success: Consistent podium finishes in F2 and F3 have padded his bank account.
- Sponsorship Growth: As he gains visibility, brands are eager to partner with him.
That said, his net worth is still modest compared to established F1 drivers like Lewis Hamilton (300million+)orevenfellowrookieOscarPiastri(300million+)orevenfellowrookieOscarPiastri(5 million). But at just 22, Lawson’s financial trajectory is pointing upward.
What’s Next for Lawson’s Earnings?
Lawson’s future income hinges on one thing: securing a full-time F1 seat. While he’s currently a reserve driver for Red Bull and Visa Cash App RB, a permanent promotion could multiply his earnings overnight. For context, even mid-tier F1 drivers earn 2millionto2millionto5 million per year, not counting bonuses and sponsorships.
If he continues delivering strong performances—and avoids the infamous “Red Bull driver curse”—Lawson could become one of the sport’s highest-paid young stars by 2025.
Final Thoughts
Liam Lawson’s net worth reflects his status as a rising talent, not yet a household name. But with his skill, Red Bull backing, and growing fanbase, he’s on track to join the ranks of motorsport’s elite earners. Whether he’ll reach the financial heights of Verstappen or Leclerc depends on his next career move—so keep an eye on this Kiwi speedster!
FAQ Section
Q: Is Liam Lawson a millionaire?
A: Yes, his estimated net worth is between 1millionand1millionand3 million as of 2024.
Q: What team does Liam Lawson drive for?
A: He’s currently a reserve driver for Red Bull Racing and Visa Cash App RB.
Q: How much do F1 reserve drivers make?
A: Typically between 150,000to150,000to500,000 annually, depending on experience and team budget.
Q: Has Liam Lawson won any championships?
A: Not yet in F1, but he’s claimed wins in Formula 2, Formula 3, and Toyota Racing Series.
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