The unexpected decision made by Hamilton to part ways with Mercedes after a twenty-year association has caused a major stir in the market, surprising everyone. In just 24 hours, Ferrari experienced a significant surge of 12.58%, going from $345.92 on January 31st to $389.45 on February 1st, when the Hamilton deal was confirmed. Currently, Ferrari is trading at $381.04, according to research conducted by Bombastic.
The sudden increase of $43 and the current trading price, which has risen by $35 since February 29th, is a testament to the value that Sir Lewis brings to the table. Furthermore, he still has a year left with Mercedes and an entire season ahead of him. It is highly likely that this deal will go down in history as the most significant one in Formula 1. There is much speculation surrounding the financial terms of Hamilton’s contract with Ferrari, with some referring to him as “F1’s Billion Dollar Man” and others estimating that he will earn around $100 million per season from the Italian team. However, until the official figures are disclosed, these are mere rumors.
Nevertheless, it is undeniable that this partnership between Hamilton and Ferrari will be one of the most lucrative agreements between a driver and an F1 team. It is expected to propel Hamilton to the top ranks of the highest-earning athletes in the world, potentially placing him on the Forbes list. Currently, Hamilton’s fortune is estimated to be $300 million.
Having been a part of Formula 1 for 17 seasons, Hamilton made a remarkable entrance as the Formula 2 Champion before embarking on an extraordinary debut season in F1 with McLaren, powered by Mercedes. It was with this team that he secured his first F1 title in 2008.
Despite facing criticism, Hamilton’s move to Mercedes in 2013 proved to be a fruitful one as he went on to win an additional six F1 world titles in 2014, 2015, 2017, 2018, 2019, and 2020. However, since his narrow and controversial loss to Max Verstappen in 2021, Hamilton has not tasted victory in the top flight for two years, marking his longest winless streak.
In a groundbreaking move that has long been desired by Ferrari fans, Lewis Hamilton expressed his excitement about joining the iconic Italian team in 2025. Reflecting on his successful tenure with Mercedes, Hamilton acknowledged the incredible opportunities he had achieved and now looks forward to fulfilling another childhood dream of driving in the famous Ferrari red.
A report by online casino Bombastic uncovered a significant surge in interest in Ferrari stock following the announcement of Hamilton’s move. The search volume for “Ferrari stock” skyrocketed to over 28 times the average volume compared to the previous 90 days. This surge was accompanied by a staggering 2,700% increase in worldwide searches on February 1st. In contrast, searches for “Mercedes stock” experienced a more modest 351% uplift.
The data from Google Trends suggests that Hamilton’s transfer to Ferrari has generated unprecedented interest in the Italian automaker, surpassing levels seen when Ferrari initially listed on the New York Stock Exchange in 2015. This momentous move by Hamilton has captured global attention, making headlines and causing speculation about the potential impact on other drivers and the sport as a whole.
These findings provide a captivating insight into the influence of Formula 1 on stock prices and the significant role that Hamilton plays in shaping the sport. It will undoubtedly be intriguing to observe how share prices may fluctuate once Hamilton takes the wheel of a Ferrari. The report concludes by highlighting the anticipation surrounding this momentous event.
In their NewsDesk Unplugged episode, our Editorial duo, Paul Velasco and Jad Mallak, shared their perspective on the breaking news of Hamilton’s move to Ferrari.
According to the Source grandprix247.com