in ,

The Amount Of Money Nico Rosberg Is Set To Lose Because Of His Retirement Is Staggering

As Nico Rosberg went up to accept his award at the Formula 1 awards banquet, what do you think was going through his mind? He had just announced his shocking retirement mere hours earlier. He walked up to the stage, thanked everyone he needed to, and departed, walking away from the stage and the sport after only one, controversial championship. Maybe he was at peace. He sure seemed that way.

You know what was going through my mind or what I would have been thinking about? How much money he is set to not make because of this retirement. Apparently, Nico was set to make $22.6 million PER YEAR with his next Mercedes contract. That is hard to fathom.

Had Rosberg raced on, and stuck with the terms of the two-year, $22.6 million per annum contract he had agreed with Mercedes during the summer, he would have been in a strong position to capitalise on his championship success, working with two or three carefully selected high-end brands – top-tier Swiss watches, designer fragrances, and so on.

Instead, Nico walks away having a net worth of $30 million according to Car Keys as of this past August. If he would have stayed on, he would have nearly tripled his net worth from annual salary and potential endorsements. Nico is leaving behind a fortune.

In his retirement speech, Rosberg emphasised that his motivation for leaving the sport was to spend more time as a husband and father, putting in the bathtimes, bedtime stories, and family holidays that are all too rare when one’s job demands a life spent on the road.

High-profile it isn’t, however, and it is a decision that means Rosberg is unlikely to now receive a heap of sponsorship offers.

In a related story, I’m very pleased to announce that I will throw my hat into the ring for the Merc seat at just 1/4 of Nico’s salary. What a deal, am I right?

(Source: Motor 1)

Written by Gregson

Gregson's love affair with cars began at a young age thanks to his father who introduced him to racing. He's been a fan ever since he saw his first race live at Watkins Glen at the age of 5. He loves GT3, F1, Rally, Touring, and Le Mans styles of racing. Intermediate knowledge of internal combustion engines. Any reading done for pleasure is devoted to automotive journalism. Gregson owns a WRX and can 4-wheel drift directly into your hedges, no sweat. He currently is a Senior Copywriter for McCann Torre Lazur specializing in pharmaceutical advertising. He lives in New Jersey with his wife Kate and their dog Savannah.

Comments

Leave a Reply
  1. There are many out there thatwill never earn 30 million in a life time! They have fulfilling and incredibly rich lives! Money isnt everything, a young man that loves his family has every right to spend his time and energy with them. Many should be so lucky!

  2. At the end of the day he is happy and surely must have enough $millions. Some people do squander their money, but I think he is cool enough to be sensible. I live on a lot less!

Leave a reply

Loading…

0

Leave a reply

Four Guys Trying To Be Clarkson, Hammond, and May, Is Way Better Than New Top Gear

WardsAuto’s 10 Best Engines List Is Full Of Downsizing. And It’s Total Bull***t.