Wife of Michael Schumacher Sells Family Assets to Fund Former Racing Driver’s Medical Treatment

Wife of Michael Schumacher Sells Family Assets to Fund Former Racing Driver's Medical Treatment
Wife of Michael Schumacher Sells Family Assets to Fund Former Racing Driver’s Medical Treatment (Instagram / @mickschumacher)

Corinna, wife of former Formula 1 driver Michael Schumacher, sold various family assets to finance her husband’s treatment, who suffered a serious skiing accident in 2013 and has not been seen in public since then.

The decision to sell the family’s vacation home in Norway and the private jet resulted in a significant sum, approximately $31.73 million, allocated towards the pilot’s recovery.

The pilot’s accident, seven-time Formula 1 champion, occurred in December 2013 while skiing in the French Alps. Schumacher hit his head on a rock and has required intensive care since then.

Michael Schumacher (Instagram / @mickschumacher)
Michael Schumacher (Instagram / @mickschumacher)

Corinna had to take on the family’s financial responsibilities, selling properties to cover the treatment, which is estimated at over $7.40 million per year. The sale of the mansion in Gland, Switzerland, for approximately $63.73 million in 2021, was another measure to ensure financial resources.

Corinna Schumacher (Instagram / @mickschumacher)
Corinna Schumacher (Instagram / @mickschumacher)

Currently, Schumacher resides in a mansion in Mallorca, Spain, called Villa Yasmín, acquired by Corinna in 2018. Little is known about the property, but it features a main residence, two smaller houses, pools, gym, large garden, and helipad.

The couple’s son, Mick Schumacher, followed in his father’s footsteps, becoming a pilot with his mother’s support. Currently, he competes as a reserve pilot for the Mercedes team, after racing for Haas.

Mick Schumacher (Instagram / @mickschumacher)
Mick Schumacher (Instagram / @mickschumacher)

Source: O Globo

This content was created with the assistance of AI and reviewed by the editorial team.

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