Almost ten and a half years have passed since the tragic ski accident that forever changed the life of Michael Schumacher. In December 2013the legendary Formula 1 driver suffered a serious fall while skiing with his son in the French Alps, which caused him severe brain injuries. Today, the German continues his recovery, a long and expensive process that has had a great impact on his life and that of his family.
According to the Italian newspaper The RepublicCorinna Schumacher, wife of the seven-time world champion, disburses around seven million euros a year in the medical treatment, personnel and equipment required for the care of Schumi. These expenses also include private security that safeguards the family’s privacy, a crucial component considering the media attention generated by the former pilot.
As the media in question detailed, a large part of the family budget is intended for the protection of privacy, a priority for the Schumachers since the accident. The family has sold several properties, including a house on Lake Geneva and a private jet, accumulating a total of 25 million pounds (about 32 million dollars) in these sales. Additionally, they recently sold eight watches that belonged to the pilot for about 4.25 million dollars.
The need to maintain privacy has led the Schumachers to take legal action on several occasions. Recently, the family won compensation of more than 200,000 euros from the German media Die Aktuellewhich had published a misleading interview with Michael Schumacher, generated through Artificial Intelligence. This incident underlined the sensitivity and care that the family must maintain to protect the dignity of the former pilot.
In 2023, the German media Bild explained that Corinna has taken full control of the situationa monumental task that includes the management of Schumacher’s health and estate, estimated at around 500 million euros. According to Bildthe former driver’s fortune comes from various sources: sponsorship contracts, advertising agreements and his salary in Formula 1 teams, in addition to various businesses outside the automotive field.
Corinna has had to make difficult decisions to maintain the level of care necessary for her husband. Her constant efforts and sacrifice of some of her assets to ensure the best care for Michael reflect absolute dedication to his family.
Since the accident, little has been made public about his current state of health. Both the family and their spokesperson Sabine Khem have maintained strict secrecy on the subjectprotecting the privacy of the pilot.
Jean Todt, former Ferrari boss and close friend of Schumacher, is one of the few who has access to the information. Along those lines, in one of his last public statements on the subject he mentioned that, “he is no longer the Michael we met in Formula 1″.
“He’s just not the Michael he used to be. He is different and is wonderfully guided by his wife and children who protect him. His life is different now and I have the privilege of sharing moments with him,” added the Frenchman in December 2023 in dialogue with the newspaper. L’Equipe.
