Four-time world champion Sebastian Vettel on Thursday announced he will retire from Formula 1 at the end of the 2022 season.

After making his debut in 2007, Vettel went on to win four consecutive world championships for Red Bull between 2010 and 2013, the first of which made him the sport’s youngest title winner.

Also read: Sebastian Vettel to retire from Formula One at the end of 2022 season

Here’s all you need to know about Sabastian Vettel’s net worth and salary

In 2020, Vettel’s contract with Ferrari put his annual salary to $36.3 million along with bonuses, making him one of the richest drivers on the F1 grid. The length of his contract ran till the end of 2020. He’s driven for two very rich teams: Red Bull with their massive budget and Ferrari with their legacy, ensuring his lifetime earnings at $140 million.

Also read: Who is Sabastian Vettel?

In the 2021 season, he signed a contract with Aston Martin. The fact that Aston Martin is a mid-field outfit forced Vettel into a massive pay-cut. The German driver is reportedly receiving a salary of $15M, without bonuses. As of 2022, Vettel reportedly received a salary of $13M from Aston Martin.

In 2006, Vettel started his Formula One career as a test driver for BMW Sauber, making a one-off racing appearance in 2007. As part of the Red Bull Junior Team, Vettel appeared for Toro Rosso later that year and was kept as a full-time driver for 2008.

In 2009, Vettel was promoted to Red Bull. With this, Vettel won four consecutive titles from 2010 to 2013, the first of which made him the sport’s youngest World Champion, setting the records for the most consecutive race wins (9) and race wins in a single season (13).

Vettel signed for Ferrari for 2015 and became Mercedes’ and Lewis Hamilton’s closest challenger in two title fights in 2017 and 2018, although he finished both years as runner-up. He left Ferrari and joined Aston Martin for the 2021 season, before announcing his retirement at the end of the 2022 season.