LEWIS HAMILTON • Net Worth $200 Million • Bombardier Challenger • Private Jet • G-LCDH • Value $25M • House

G-LDCH Bombardier Lewis Hamilton private jet
Name:Lewis Hamilton
Net Worth:$200 million
Company:F1 race driver
Born:January 7, 1985
Wife:Nicole Scherzinger (ex girlfriend)
Residence:London, UK / Monaco, MC
Jet Registration:G-LDCH
Jet Type:Bombardier Challenger 605
Jet S/N:5904
Price:$25 million

The Life and Career of Lewis Hamilton

Lewis Hamilton is a highly skilled and celebrated Formula One racing driver who currently races for the Mercedes AMG Petronas team. Born on January 7, 1985, in Stevenage, Hertfordshire, England, Hamilton has had a successful career, winning a total of 81 races. He is a seven-time Formula One World Champion, having won titles in 2008, 2014, 2015, 2017, 2018, 2019, and 2020.

Lewis Hamilton’s passion for racing began at an early age, thanks to his father Anthony, who bought him a radio-controlled car in 1991. By the age of 10, Lewis had already won the British karting championship, kick-starting his journey in the world of motorsports.

McLaren and the Young Driver Support Programme

In 1998, Hamilton was signed by McLaren and the team’s partners, Mercedes-Benz, to become part of their Young Driver Support Programme. With the backing of McLaren, Hamilton went on to win both European and World Karting titles. In 2007, he started his first Formula One season and set numerous records while finishing second in the Championship.

Hamilton’s Earnings and Net Worth

As one of the highest-paid athletes in 2019 and 2020, Lewis Hamilton’s earnings were estimated at around US$ 50 million. In 2016, he signed a three-year contract extension to drive for Mercedes’ F1 team, which could potentially earn him a total amount of US$ 140 million. His net worth is currently estimated at more than $200 million.

The Bombardier Challenger 605 and Hamilton’s Jet

At one point, Hamilton was the owner of a Bombardier Challenger 605 private jet. The registration number was G-LDCH, which stands for Lewis Carl Davidson Hamilton. Formally, the jet was registered to TAG Aviation UK, part of Mansour Ojjeh’s TAG Group. The jet was later sold to Nicky Lauda’s Laudamotion Executive company and now flies with the registration OE-IXI.

TAG Group and McLaren Formula One Group

The TAG Group is the owner of the McLaren Formula One Group, where Hamilton used to race. Despite racing for the Mercedes F1 Team now, it is unclear why he flew in a jet sponsored by his former employer. If you have more information about Hamilton’s jet, please send a message. Mansour Ojjeh, a billionaire, also owns a large yacht named Kogo.

VAT Issue

According to Paradise Papers documents, Hamilton avoided tax on his GBP 16.5 million luxury jet. On the import of his jet, a GBP 3.3 million VAT refund was given, based on a British Virgin Island Leasing structure. Hamilton’s advisers formed a VAT-registered leasing business on the Isle of Man, named Stealth (IOM) Limited. This company leased the jet from Hamilton’s British Virgin Islands company, Stealth Aviation Limited, and imported it into the Isle of Man.

The jet was then leased to a UK jet management company that provided Hamilton with a crew and other services. This company leased it back to Hamilton and his Guernsey company, BRV Limited. As a result, Hamilton was allowed to claim a VAT refund on the GBP 3.3 million he was obliged to pay on the import.

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Lewis Hamilton