He might not want to do it at the old ring. He is a big advocate for track safety (not necessarily safe on track behaviour). He did do sports car racing with Mercedez before doing formula 1, so it would be sort of going full circle in his professional racing career, excluding karting.
It's because people "like that" don't think..."like that" Enough is never enough. That is why they have more than others who do think "like that"
Once you have made money and achieved his fame, through hard work,the endorsements and money just keep coming. What are you going to do? Pretend it's not there and take advantage of it? It's easy to say "why does he need more money", but I can guarnatee, if the shoe were on the other foot........ and the amount of money he gives away to charities is probably more than whats been advertised.
My point is that his interest alone will generate more money than most F1 drivers make for driving. So why even bother peddling some silly Dekra hats or Omega watches? I always find it somewhat cheezy when stars do these product endorsements. He doesn't need the money and could do more honerable things with his time. Like play a more active role as ambassador to San Marino. Or represent Ferrari. Do some Le Mans racing. Or watch his kids grow up and ride horses with his wife. I like Trulli whose hobby is to grow wine and have his own vineyard. Not for the publicity, not for the money (probably loosing some doing that), but because it is a nice thing to do.
Yup. Must be an Italian thing. Just like Andretti. I wish I could get some of their bottles (Andretti, Alesi or Trulli). Trulli has also "his" fav restaurant in Montreal where he always goes for race weekend. Has some of his memorabilia on display. Nice Italian place where the waiters'uniforms look like Ferrari mechanics from the seventies. Now there is a direction I'd love MS to go into: Have his own elegant restaurant somewhere on Lake Geneva with a lot of his memorabilia.
What i would love to see is Ferrari to get back into the Lemans series (endurance) racing like they did in the 60's, and then have MS pilot the new LMP1 by Ferrari to bring back the Lemans wins for Ferrari all over again..........................................................................................
My father was quite energetic and apparently healthy into his late 60's. A 12 hour business day was nothing. Then he retired, within two years the health started deteriorating. Doctor said he was just unhappy. Schumacher doesn't need the money, but at 37 he is far from being ready to retire from activity. Keeping busy may keep him happy. When men retire and stay home, and bother the wife, that is when marriages start to have problems. He donates so much to charity, let him have some fun and work at the same time without the pressure of winning a world championship.
It is said John D. Rockefeller was asked the question: "How much money is enough?"......His response: "Just a little bit more....."
I've always been curious as to what Michael's net worth of $600-$800 million consists of. In the business, most men are valued based on stock, the value of other businesses, ect. But does Michael have a "business", or does he have that much money sitting in the bank? As for Michael, maybe he likes to make money. Keeps him active. After all, he needs to keep that new jet, home, and the cars running. Also, sounds like Schumi enjoys the wine and a good cigar as well. http://www.cigaraficionado.com/Cigar/CA_Archives/CA_Show_Article/0,2322,1576,00.html
From the little I read it sounds like his assets are mostly in the bank. He also has his new house on Lake Geneva, Switzerland and his 50+ car collection of exotics as well as his wifes horses and a bunch of F1 cars he drove (collection is in Kerpen with his brothers cars). He made his money through his salary as a driver plus all the cash from sponsors. I don't expect him to keep the jet forever. F1 stars have those normally to keep up with their busy schedule and use it as a write off against their salary for tax purposes.
Think he'll become more like a Greg Norman-type person in creating a brand around his name through new ventures and partnerships (more than just endorsing something, but actual businesses)? I actually thought that living in Switzerland, he barely pays any taxes? He could always charter a jet, or charter his out when he is not using it?
Good point about the brand name. Actually true: The MS collection with his very own cool logo. I'm not sure whether they changed the laws, he used to pay ridiculously low taxes, but even if they tax him going forward, it will be still a relative tax haven compared to living in Germany. BTW: The taxes aren't the only reason he lives there. Security, quality of life, vicinity to other places, the pretty environment and some anonymity are appealing as well.
I think Geneva would be a very nice place to live if you have the money. Of course, being an American, you still have to pay taxes on your global income as long as your a citizen.
He lives on Lake Geneva, which is in the canton of Vaud. Geneva city is its own canton (taxes are regulated by cantons). Geneva is a small town, but somewhat dominated by all the international headquarters there (Red Cross etc), not sure I'd like to live there. And Michael likes the tranquility for his family so where he is, is about as good as it gets. Plus he has several former F1 champs as his neighbours and the Ferrari factory not too far away.
Geneva feels a bit like Washington DC. No, not my kinda thing. But more important is what MS prefers for his family and that's rural environment, away from the hustle and where his wife can ride the horses. Vufflens was like that, the place in Appenzell would have been like that and his new place on Lake Geneva is like that.
Nicely said. I believe he's got a ski home in Norway or something. Wonder how much he is at home when isn't scheduled somewhere. I wonder if he will become a Swiss citizen (no estate tax, ect.). Are the lives of F1 drivers as busy as NASCAR? where corporate sponsors over here use the drivers much bigger, since they are sponsoring the driver, and not the "team; and run 36 races as compared to the 17/18 of F11. Not to mention Nascar has a much shorter off-season.
Jackie Stewart was supposedly earning $3 million a year in retirement through his endorsements and business activities at a time when Prost was the highest paid drivr in F1 at $6 million. Jody Scheckter made more money through his businesses post-retirement than he did as a driver. Several Golfing superstars (Nicklaus, Palmer and Norman) earn FAR more in their outside businesses than they ever did playing golf. I suspect Schumacher is going to have the same post-racing career as these men, he will be an ambassador for the sport and will be highly sought after as an endorser for many years to come. I would think that a guy with as strong a competitive drive as Schumacher would turn his attention towards business and likely do quite well leveraging his name and image, for the challenge moreso than for the money. The question I have is: how long before we see Schumacher coming out of retirement to take a shot at the LeMans 24 Hour race?
