Dark
Light
€7m Annual Cost to Support Schumacher's Health

Schumacher Family Sells Assets for Care

01/06/2024

The Schumacher family is selling luxury assets to cover the €7 million annual healthcare costs for Michael Schumacher, as they continue to prioritise his treatment and privacy.

Michael Schumacher’s wife has had to sell several million dollars’ worth of private assets to continue caring for the Formula 1 legend and protecting his privacy.

La Repubblica reports that Corinna Schumacher has recently generated income by selling luxury watches worth several million dollars belonging to the seven-time world champion. She has also sold luxury residences and a private jet.

This is due to the fact that Schumacher’s ongoing healthcare and treatments, since his skiing accident and brain injuries over ten years ago, now cost the family 7 million euros per year.

The expenses also include “the acquisition of new highly secured houses, the locations of which are kept secret to best protect the family’s privacy,” as well as “extremely costly treatments, doctors, and nurses.”

“Corinna sold her residence on Lake Geneva,” continues La Repubblica. “The latest sale, after the private jet, was a valuable collection of watches and a castle in Norway.”

“In short, assets are being liquidated to protect Schumacher and leave a small door open to hope.”

€7m Annual Cost to Support Schumacher’s Health. €7m Annual Cost to Support Schumacher’s Health

Next Race
Spanish GP20 - 23 Jun
Time
UK
FP112:30
FP24:00
FP311:30
QU3:00
Race 2:00
Upcoming Events
Date Race
23 JUNSPANISH GP
30 JUNAUSTRIAN GP
07 JULBRITISH GP
21 JULHUNGARIAN GP
28 JULBELGIAN GP
25 AUGDUTCH GP
Go toTop