Lewis Hamilton’s ‘Billionaire Boys Club’ F1 accusation comes with an insane 8-figure price tag

With Formula 1 being the pinnacle of motorsport, things can be quite exclusive here, as shared by Lewis Hamilton himself. You can’t just become an F1 driver unless you belong to the “billionaire boys club” because it requires not only immense talent but also an affluent past. Ralf Schumacher explains in more detail.

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In conversation with motorsport-total.com, Michael Schumacher’s brother share in a report that it takes around $12.5-14.5 million to enter the F1 grid. Considering the man comes from a family of racing drivers, the German surely knows what he’s talking about.

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Ralf Schumacher further stated, “In international karting, with a professional team with all the races, you are good and happy with a quarter of a million a year. A mere mortal cannot even afford the small classes. It’s almost impossible.

It seems anyone who wants to make it to Formula 1 has to shell out way more than most people can afford. Therefore, it’s just not easy for people who don’t come from affluent backgrounds to be part of the sport.

Lewis Hamilton calls F1 the Billionaire Boys’ Club

The Mercedes AMG F1 driver called the sport a billionaire boys’ club last year. The Silver Arrows ace’s comments came during the 2021 Monaco Grand Prix weekend.

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Formula One F1 – Monaco Grand Prix – Circuit de Monaco, Monte Carlo, Monaco – Mercedes’ Lewis Hamilton in action during the race REUTERS/Eric Gaillard REFILE – CORRECTION ID

Talk to AS, Lewis Hamilton transmitted to the rank of billionaires, “For me personally, we live in a time where it has become a billionaire boys club. [Translated using Google]

“If I had to come from a working-class family, it would be impossible for me to be here today. Because the other guys would have so much more money.

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To go with Hamilton’s words and check the backgrounds of current F1 drivers, many of them come from wealthy backgrounds. Overall, F1 turned out to be an extremely expensive and exclusive sport.

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