Michael Schumacher's huge net worth, £50m Swiss mansion and beloved Texas ranch (original) (raw)
Michael Schumacher's achievements in F1 saw him build an enormous net worth, with his family owning real estate worth tens of millions in Switzerland, Spain and the USA
Details of Michael Schumacher's condition and medical care have been shrouded in mystery for a decade
Michael Schumacher built an incredible empire from his time in F1 – and after years living in privacy following his devastating injuries, he has been seen publicly for the first time in over a decade.
The German racing legend was in attendance at his daughter’s wedding recently, which has delight his fans who have been desperate for updates on his health condition for years. The icon's Formula One career spanned from 1991 to 2006, during which time he raced for Benetton and Ferrari, before returning to drive for Mercedes between 2010 and 2012. He won the world championship a record seven times - a feat only matched by Lewis Hamilton.
However, just a year after retiring, in December 2013, Schumacher suffered significant head injuries during a family skiing holiday in the French Alps, clipping a boulder just metres off-piste and being catapulted head-first into another rock. He was placed in a medically induced coma for six months before regaining consciousness in June 2014 and being taken home for further recovery later that year.
The 55-year-old sporting hero was left with damage to his brain and has remained away from the public eye ever since, with the exception of his daughter Gina-Marie’s wedding last Saturday. Gina married her partner Iain Bethke at the family’s £27million villa in Majorca, where guests were reportedly permitted to see Schumacher but were asked to leave their mobile phones at the door.
The villa, located on the Balearic Island just off Spain, was purchased by Schumacher’s wife Corinna in 2018. Reports claim it was bought off legendary Real Madrid president Florentino Perez and spans 160,000 square feet.
Rumours in 2018 suggested the family had been moved their permanently, something which Corinna refuted. Those claims were compounded in 2020 when Elisabetta Gregoraci - the ex-wife of Schumacher's former boss at Benetton Flavio Briatore - made similar comments.
Michael Schumacher suffered a devastating brain injury as a result of a skiing accident in 2013 (
Image:
AFP/Getty Images)
“Michael doesn't speak, he communicates with his eyes,” Gregoraci said while appearing on Italy's version of reality TV show Big Brother. “They moved to Spain and his wife has set up a hospital in that house. Only three people can visit him and I know who they are.”
Schumacher was one of the few athletes who earned more than a billion dollars in their career, raking in between £60m and £76m-per-year in his prime thanks to his driving heroics and endorsements from the likes of Shell. The Ferrari icon is understood to be worth around $600m (£456m) today – and he and his wife own an enviable real estate portfolio that extends beyond Majorca.
Michael Schumacher was seen publicly for the first time since his accident at his luxury villa in Majorca, Spain (
Image:
SOLARPIX.COM)
At the time of his accident, Michael and Corinna's main residence was a £50m mansion in Gland, Switzerland. The stunning Swiss bolthole sits on the edge of Lake Geneva over 15 acres of land.
The estate was built to the family's specification in 2007 near Nyon in the French canton of Vaud. The four-storey complex, named Villa La Reserve, overlooks the Swiss Alps and is secluded behind heavy forestry and a specially built fencing.
Since 2014, the father of two has continued to receive medical treatment at his home. And while the extent of his injuries has never been properly revealed, he is yet to be photographed since the fall.
Michael Schumacher's primary residence is Villa La Reserve located in Gland, Switzerland, and overlooking Lake Geneva (
Image:
FOTOSPORTS INTERNATIONAL)
The Schumachers also own a spectacular horse ranch just north of Gordonville, Texas, thanks to Michael and Corinna’s passion for horses. Michael bought the ranch in 2012 to escape the fame and adulation he was met with across Europe and the rest of the world.
It was untouched for almost two decades before the Schumachers arrived, and was at one point home to roaming deer and bobcats. The intention was to make it a home away from home for the Schumachers, with his son Mick - formerly an F1 driver for Haas - still enjoying it as an escape from reality.
Corinna and Michael's love of horses led them to buy a huge ranch in the north of Texas (
Image:
Rex)
Inside is a state-of-the-art facility for raising and breeding horses, owned by Mick's mother Corinna, where his sister Gina, a professional equestrian, also trains. Mick has his fair share of fun on the ranch, too, often racing off-road in a circuit dug into the soil in the far corner of the 400-plus-acre property his family owns.
"It's a retreat, a spot where I can do whatever I want," Mick told ESPN. "Not having the feeling that I'm observed or looked at. I just come here to enjoy my time.
"We're in the middle of nowhere here, basically. If I go shopping here no one notices. Even if I go into Dallas nobody really recognises me. So I'm definitely happier around here."
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