Lando Norris opens up on his fortune and family wealth

McLaren driver, Lando Norris, signed a contract in 2022 with the team that made him one of the highest paid F1 drivers.

Lando Norris has opened up about his personal fortune and his silver spoon upbringing – being the son of the 610th richest person in Britain.

As well as being one of the hottest prospects on the F1 track, Norris is also one of its wealthiest racers.

This comes from a combination of a lucrative contract with McLaren as well as a significant family estate.

The deal he signed with McLaren made him one of the highest salaried F1 drivers – with the contract worth a reported £15.8m per year until the end of 2025.

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However, if the Charles Leclerc-Ferrari contract rumours are to be trusted, his salary would soon be eclipsed by the Monegasque driver.

Leclerc is reported to be on the verge of signing a five-year £160m contract, worth $32m a year.

Like many F1 drivers, Norris moved to Monaco, where residents pay no federal income tax.

The British racer made the admission he was moving to Monaco at the end of 2021, drawing widespread criticism.

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Some say that Monaco offers the rich elite a safe, private setting to go about their lives without personal invasion from the press.

Norris had the honesty to say that the move was driven solely by financial incentives.

The McLaren driver said: “It’s something that obviously a lot of drivers go to do, especially with how racing is.

“I think we’ve seen for other drivers how quickly things can also go downhill and so on.

“I have to look after my things for my future.

“Of course I’ll understand and there’s going to be some [criticisms] for sure, but people do many things in life for money. This is just another one.”

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Norris wouldn’t ever have to worry about money – even if he was not an F1 racer.

His father, Adam Norris, is the 610th richest person in Britain as per the Sunday Times’ annual Rich List in 2022, with a net worth of £200m.

Adam was able to retire at the age of 36, after Pensions Direct (where he worked as managing director) was bought out by Hargreaves Lansdown.