Lewis Hamilton Moves to Milan: F1 Legend Buys…read more

Lewis Hamilton Moves to Milan: F1 Legend Buys Property in Italy

Formula 1 icon Lewis Hamilton has made a significant move by purchasing a home in Milan, Italy. The seven-time world champion recently secured his first victory with Ferrari during the sprint race at the Chinese Grand Prix. Now, as he becomes an integral part of the Ferrari team, Hamilton has decided to solidify his connection with Italy by settling in the country.

Hamilton’s Choice: Milan Over Modena and Bologna

Reports from Italian publication Corriere della Sera reveal that Hamilton has acquired a residence in Milan’s prestigious Porta Nuova district. Before finalizing his decision, the 40-year-old reportedly considered properties in Modena and Bologna, both cities with strong automotive and motorsport connections. However, he ultimately chose Milan, a city known for its vibrant lifestyle, economic significance, and cultural heritage.

Hamilton’s new home is situated in the Porta Nuova area, which encompasses the space around Piazza Gae Aulenti and Porta Garibaldi station. This district has undergone a major transformation in recent years, making it one of Milan’s most desirable locations. With an average property price of €1.48 million, Porta Nuova is an affluent area that appeals to high-profile individuals, including business executives and celebrities.

What is Porta Nuova?

Porta Nuova is one of Milan’s leading business hubs and has a blend of modern and historical architecture. The district gets its name from a neoclassical gate that dates back to 1810, yet it is also home to Italy’s tallest skyscraper, the UniCredit Tower. Since its redevelopment, the area has become a symbol of Milan’s economic growth, attracting professionals, entrepreneurs, and investors from around the world.

For Hamilton, Milan’s cosmopolitan atmosphere and accessibility likely played a role in his decision. The city serves as a crucial financial and fashion center, while also offering a rich motorsport culture, making it a fitting place for the legendary driver to reside.

A History of Luxurious Properties

Milan is the latest addition to Hamilton’s extensive real estate portfolio. The F1 star has a long history of investing in prime locations around the world. In 2007, he purchased a property near Lake Geneva in Switzerland, a popular destination for athletes and celebrities seeking privacy and scenic landscapes. In 2012, he acquired a residence in Monaco, where he often spends time when he is not competing in Formula 1.

Beyond Europe, Hamilton also reportedly owns a ranch in Aspen, Colorado. The champion racer is an avid fan of winter sports, frequently taking to the slopes during the F1 offseason. His love for snowboarding and skiing makes Aspen an ideal retreat for relaxation and training during the winter months.

Hamilton’s Net Worth and Financial Success

With a career spanning nearly two decades in Formula 1, Hamilton has amassed a significant fortune. As of the end of 2024, his net worth was estimated at £350 million, according to The Sunday Times. This placed him ninth on their Rich List 40 Under 40 at the time, when he was still 39 years old.

Hamilton’s wealth comes not only from his lucrative contracts with Mercedes and Ferrari but also from endorsement deals, sponsorships, and business ventures. His investments in real estate, fashion, and environmental initiatives further contribute to his financial success.

A New Chapter with Ferrari

With his move to Milan and his first victory in a Ferrari car, Hamilton appears to be embracing a new chapter in his illustrious career. His presence in Italy will likely strengthen his bond with the Ferrari team and its passionate fanbase, known as the Tifosi. As the 2025 season unfolds, all eyes will be on Hamilton as he aims for more victories and, possibly, an eighth world championship title.

Hamilton’s decision to relocate to Milan not only signifies his commitment to Ferrari but also reinforces his status as one of the most influential figures in motorsport. His choice of residence reflects both his personal lifestyle preferences and his professional ambitions, as he continues to leave a lasting mark on Formula 1 history.