Sebastian Vettel has announced that he will retire from Formula 1 at the end of this season.

The German driver is currently with the Aston Martin team after he made his F1 debut with Red Bull back in 2007.

Vettel is one of the most successful drivers in the field alongside the likes of Lewis Hamilton, Michael Schumacher and Juan Manuel Fangio.

We take a look at Vettel’s net worth, career earnings and achievements after the news of his retirement.

Photo by Doug Murray/Icon Sportswire via Getty Images

Vettel announces retirement from F1

On Thursday (July 28), Aston Martin driver Sebastian Vettel confirmed his retirement from Formula 1 at the end of this season.

On his website, Vettel said: “I love this sport but as much as there is life on track there is my life off track, too. Being a racing driver has never been my sole identity. I believe in change and progress and that every little bit makes a difference.

“Committing to my passion no longer goes side by side with my wish to be a great father and a husband.”

He continued: “My passion comes with certain aspects that I have learnt to dislike. They might be solved in the future but the will to apply that change has to become much stronger and has to lead to action today – we cannot afford to wait. My best race is still to come.”

Inside Vettel’s impressive net worth

Sebastian Vettel is worth $140 million (about £115 million), according to Celebrity Net Worth.

The four-time world champion began his career as a test driver for BMW Sauber in 2006 before he made his F1 debut in 2007 with Red Bull.

It is estimated that he earned $41 million per year in 2016, while his salary from 2017 to 2018 was approximately $40 million.

He earned the same in the next one year, while from 2019 to 2020, he reportedly made $36 million.

Photo by Mark Thompson/Getty Images

He is a four-time world champion

Vettel’s most successful years in his F1 career were with Red Bull when he became world champion four times from 2010 to 2013.

He won his first World Championship at the age of 23 and won 38 Grand Prix races during his time with Red Bull. The German driver has gained 53 wins in his career to this point.

Vettel joined Ferrari in 2015 and stayed with the team until 2020 before joining Aston Martin in 2021.

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