Michael Schumacher is the second richest sportsman in the world, the wealthiest racer, and is on his way in becoming the first billionaire driver in the world. According to Celebrity Net Worth, the German Formula One race car driver has a stunning net worth of $800 million.

Schumacher started his car racing career at the age of four. He practically loves car and the 'power of speed.' It was not long when he became one of the youngest members of the local karting track club.

In the late 80s, the German race driver landed a contract with Willi Weber's Formula Three team until his fame started to soar up high after winning the 1990 championship.

Schumacher began his Formula One racing career in 1991 at the Belgian grand pix where he slammed six out of seven races. He joined Scuderia Ferrari S.P.A racing team in 1996 and since then the team gained the prestige of winning the championship slot. In 1999 he won the prominent 'Constructors title.'

In the beginning of 2000, Schumacher won more championship awards than any other drivers in the car racing history. His follow up victories landed him on the Italian Grand Pix, World Championship in 2000 and the Japanese Grand pix. In 2006, he proclaimed his retirement and joined Mercedes GP in 2010.

During his entire Formula driving career, he has won the Formula One championship title seven times (1994, 1994, 2000, 2001, 2002, 2003 and 2004). Schumacher is also regarded as the highest paid athletes of all time.

Schumacher is married to Corrina Betsch since the mid 90s. The couple has two children Gina Maria and Mick and is currently living in Switzerland following his slow recovery from a skiing accident in December.