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Carlos Sainz Jr.’s Net Worth In 2024: From Racing To $40M

Discover Carlos Sainz Jr.’s net worth in 2024, with $12M from Ferrari and endorsements boosting his $40M fortune, highlighting his F1 career and financial success.

Carlos Sainz Jr.’s Net Worth In 2024: From Racing To $40M

Gabriel Martinez

Oct 16, 2024

Carlos Sainz Jr. has emerged as one of the standout drivers in Formula 1 today. Born on September 1, 1994, in Madrid, Spain, he comes from a family deeply rooted in motorsport, with his father, Carlos Sainz Sr., being a famous rally champion. Sainz Jr. has built a strong reputation for his skill, consistency, and strategic thinking on the track. Currently racing for Ferrari, he has not only showcased his talent but also contributed significantly to the team's success, making him a driver to watch in the coming seasons.

Early Life

Carlos Sainz Jr. was born on September 1, 1994, in Madrid, Spain. He comes from a racing family; his father, Carlos Sainz Sr., is a well-known two-time World Rally Champion. This background greatly influenced Carlos Jr.'s passion for racing. He started karting at the young age of seven and quickly showed his talent by winning various championships during his youth.

For his education, Carlos attended SEK El Castillo school in Madrid. Alongside his studies, he was dedicated to racing, balancing both aspects of his life. He speaks several languages, including Spanish, English, and Italian, which helps him connect with fans and teams around the world.

Carlos's early career in motorsports began with karting, where he achieved significant success, including winning the Asia-Pacific KF3 title in 2008. His entry into single-seater racing started in 2010 when he joined the Red Bull Junior Team. He participated in the Formula BMW Europe series, where he had a promising start​.

As he moved up through various racing categories, including Formula Renault and GP3, he continued to excel, eventually winning the Formula Renault 3.5 Series championship in 2014.

Career

Carlos Sainz Jr. is a Spanish Formula 1 driver, born on September 1, 1994, in Madrid, Spain. He is the son of Carlos Sainz Sr., a two-time World Rally Champion. Sainz Jr. has built a successful career in racing, starting his journey in karting at the young age of seven.

His path to Formula 1 began in 2015 when he joined the Toro Rosso team, which is part of the Red Bull Racing organization. In his debut season, he finished 15th overall and earned points in several races. Over the next few years, Sainz showed consistent improvement, achieving his best finishes of sixth place in the 2015 and 2016 seasons.

In 2017, he moved to Renault after spending time with Toro Rosso. He continued to grow as a driver and secured a full season with the team in 2018. Although he faced tough competition from his teammate, Sainz managed to earn valuable points.

In 2019, he joined McLaren and quickly became a team leader. His standout performanceincluded a sixth-place finish in the overall standings and a podium finish at the Brazilian Grand Prix, marking a significant milestone in his career​.

Sainz then signed with Ferrari for the 2021 season. His time at Ferrari has been marked by strong performances, including his first career win at the 2022 British Grand Prix​.

Wife

Carlos Sainz Jr. is a well-known Spanish Formula One driver, and he was in a long-term relationship with Isabel Hernaez. They started dating in 2017 after meeting in 2016 while on vacation in the Balearic Islands. Isabel was born on February 24, 1995, in Madrid, Spain, and she studied bilingual journalism at university. She works as a press officer for fashion companies and also serves as a fashion journalist.

Throughout their relationship, Sainz and Hernaez kept their personal life private and away from the media spotlight. They often shared a love for fashion and the world of Formula One, attending races together.

However, as of June 2023, it was reported that they had split after being together for about seven years. The reasons for their breakup were rumored to include issues related to fidelity, though neither has confirmed this.

Children

Carlos Sainz Jr. does not have any children at this time. He is focused on his racing career and is currently dating Isabel Hernaez. They have kept their relationship private, and there is no public information about plans for a family.

Net Worth And Salary

Carlos Sainz Jr. has an estimated net worth of over $40 million as of 2024. His annual salary from his contract with Scuderia Ferrari is approximately $12 million, which can increase with performance bonuses for finishing in the top positions during races. Sainz has seen a steady rise in his earnings throughout his career, especially after his strong performances in the 2021 and 2022 seasons​. In addition to his racing income, Sainz benefits from various endorsement deals that contribute significantly to his wealth, adding another $4 million to $7 million to his annual earnings.

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