Home » Sports News » Sergio Perez’s Formula One Salary Drops, but his overall earnings increased

Hailing from the land of Lucha Libre, the Red Bull racer is a force to be reckoned with. Here’s a look at the net worth of Sergio Perez. Read more about the Top 50 Richest F1 Drivers Of All Time.

Sergio ‘Checo’ Perez is a Mexican racing driver who has quickly become the ‘X’ factor for Red Bull Racing Honda. Here’s more about his personal life and net worth.

Sergio Perez Facts

Birth PlaceGuadalajara, Mexico
Father’s NameAntonio Pérez Garibay
Mother’s NameMarilú Mendoza de Pérez
Star SignAquarius
Net Worth $50 Million
Salary $14 Million
Age34
Date of BirthJanuary 26, 1990
Height (cm)1.73m (5′ 7″)
Weight (kg)63kg
NationalityMexican
F1 Debut2011
TeamsSauber (2011-2012), McLaren (2013), Force India (2014-2018), Racing Point (2019-2020), Red Bull Racing (2021-)
F1 Race Wins6
F1 Pole Positions3
F1 Championship Wins0
F1 podiums39
Marital statusMarried (Carola Matinez)
EndorsementsTelcel, Telmex, Claro, Disney, Nescafe, KitKat
Social MediaTwitter, Instagram, Facebook

Sergio ‘Checo’ Perez has come a long way since his debut days. From podium finishes to winning races, he is doing it all. It is said that the best is yet to come for him. With his new team Red Bull Racing, he is slowly becoming invincible.

Sergio Perez net worth and Salary

It is said that Checo earns a sum of $14 million under his salary cap with Red Bull Racing. This figure excludes driver performance bonuses and personal sponsors. With various endorsements and sponsorships, the Mexican reportedly has a net worth of around $50 million. Sergio Sergio Perez’s overall F1 salary will cross the $100 million mark soon.

F1 cars are different compared to Indy cars
Sergio Perez of Red Bull Racing Honda drives his RB16B single-seater during free practice of Styrian Grand Prix (Imago)

Sergio Perez F1 career

Sergio Perez aspired to become a racer since his teenage days. He might have turned as a a lawyer, if he didn’t enter the F1 racing. Perez joined Sauber in 2011 where he replaced Nick Heidfeld. In Sauber, he tasted success very early on as he achieved three podium finishes in just his second season in 2012.

In 2013, Perez moved to McLaren as a replacement for Lewis Hamilton. In that season he finished 11th overall in the drivers’ championship. Then in 2014, he moved to Force India. Perhaps Perez’s most successful stint was achieved at Force India as he scored five podiums for the Indian outfit in the five years (2014-18) he was with the team.

The 2019 season saw Racing Point Force India transforming into Racing Point, where Pérez was retained as a driver. He finished tenth overall in the drivers’ championship of 2019. In the 2020 season, Perez scored his first F1 victory in a chaotic Sakhir Grand Prix and also achieved his best career finish in the F1 standings as he finished fourth.

In 2021, Perez raced for Red Bull Racing, replacing Alex Albon and partnering with Max Verstappen. He won the 2021 Azerbaijan Grand Prix, which was his first for Red Bull and second in his career. Perez recently was able to win the 2022 Monaco Grand Prix.

Sergio Perez is continuing to race for Red Bull in the 2024 season and he dreams to win the title at least once. Sergio Perez’s long journey in the F1 racing will have a great end if he manages to win the title.

Sergio Perez Personal Life

The Mexican driver is the youngest son of Antonio Pérez Garibay and Marilú Mendoza de Pérez. He has an older sister named Paola and an older brother named Antonio. Antonio is a retired stock car racing driver who competed in the NASCAR Mexico Series.

Sergio Perez is one of the stars in the F1 season
Sergio Perez of Red Bull Racing looks on before qualifying session of Formula 1 Gran Prix 2021 of Austria Spielberg Red Bull Ring Austria (Imago)

Perez is married to Carola Martinez, a 24-year old-socialite from Guadalajara. They exchanged vows on June 3, 2018, through a ceremony in Guadalajara, Jalisco, Mexico. The married couple is also the parents of two young children, Sergio Perez Jr. and Carlota. Perez is an investor in real estate and he also owns a venture. He is planning to buy properties in the future and launch new businesses as well.

Sergio Perez endorsements

Sergio Perez has two personal sponsors, Telmex and Telcel. Both are Mexican telecommunications companies. The Red Bull star has another back in his F1 career with Claro, another telecom company, sponsoring him. He also endorses products of Nescafe, Disney, KitKat, and Mobil. Through endorsements, Sergio Perez has accumulated more than $5 million.

FAQs on Sergio Perez

(Q) What is the age and date of birth of Sergio Perez?
Sergio Perez is 34 years old and was born on January 26, 1990.
(Q) What is the net worth of Sergio Perez?
As of 2024, Sergio Perez has a net worth of $50 million.
(Q) What brands endorse Sergio Perez?
Sergio Perez has endorsement deals with Telmex, Telcel and Claro.
(Q) What is the nationality of Sergio Perez?
Sergio Perez is of Mexican nationality.
(Q) Where was Sergio Perez born?
Sergio Perez was born in Guadalajara, Mexico.
(Q) Is Sergio Perez married?
Sergio Perez is married to Carola Martínez, and they have four children.
(Q) How many F1 titles has Sergio Perez won?
Sergio Perez has not won any F1 titles in his F1 career
(Q) What were the previous teams of Sergio Perez?
Sergio Perez was a driver for Sauber, McLaren, Force India and Racing Point before driving for Red Bull Racing.
(Q) When did Sergio Perez make his F1 debut?
Sergio Perez made his F1 debut in 2011 and he has not won any title  
(Q) What is the nickname of Sergio Perez?
Sergio Perez is popularly known as Checo.

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