Oliver Bearman is a remarkable talent in Formula 1, currently with the MoneyGram Haas F1 Team. He began karting at age six and swiftly advanced to single-seater racing, achieving notable success by winning both the Italian and German F4 Championships in 2021. By 2023, he finished sixth in Formula 2, securing four race victories. Bearman made his F1 debut in 2024, at just 19 years old, demonstrating immense potential that hints at a promising future in the sport.
Early Life
Oliver Bearman developed a passion for motorsport at a young age, influenced by his uncle and mother. He began karting at six years old and soon entered competitive racing by the age of eight, the youngest age permitted in the sport.
His early experiences in karting laid the foundation for his shift to single-seater racing in 2020, marking the start of his professional career. Bearman’s resolve and talent led him to achieve remarkable success, including becoming the initial driver to win both the Italian and German F4 Championships in 2021, which also earned him a place in the prestigious Ferrari Driver Academy.
Family Life
Oliver Bearman’s family plays an essential role in his racing career, providing him with steadfast support and encouragement. His father is a constant presence at his races, offering guidance and cheering him on, although he has recently shifted his focus to support Oliver’s younger brother.
Oliver’s mother and uncle were pivotal in his early introduction to karting, nurturing his passion for racing from a young age. The Bearman family shares a close-knit bond, with communication greatly increasing after Oliver’s successful performances, highlighting the importance of family in his path.
Despite the challenges posed by his racing commitments, Oliver deeply values the encouragement and presence of his family throughout his career.
Career
Oliver Bearman began his motorsport expedition at a young age, starting with karting before making the leap to single-seaters in 2020. His remarkable talent quickly became apparent as he secured victories in both the Italian and German F4 Championships in 2021, earning him a spot in the prestigious Ferrari Driver Academy.
By 2023, Bearman had moved up to Formula 2, where he displayed his skills by finishing sixth in the standings and celebrating four race wins.
In 2024, he made an impressive Formula 1 debut, stepping in for an ill Carlos Sainz at the Saudi Arabian Grand Prix, where he finished seventh and scored six points.
His performance led to a full-time contract with the MoneyGram Haas F1 Team for the 2025 season, making him one of the youngest drivers ever to compete in Formula 1 at just 19 years old.
Net Worth
As of October 2023, Oliver Bearman’s net worth is not publicly available, which is common for young drivers in the early stages of their careers.
He is anticipated to earn a considerable salary once he begins his full-time role with the MoneyGram Haas F1 Team in 2025. Although specific salary figures from his previous seasons are not disclosed, F1 drivers typically earn considerable amounts, often ranging from several hundred thousand to millions annually, depending on their contracts and performance.
Bearman’s affiliation with the prestigious Ferrari Driver Academy is also expected to attract lucrative sponsorship deals and endorsements, further enhancing his financial prospects.
Moreover, the support from his family and management team, alongside his rising profile in motorsport, positions him favorably for long-term financial success in Formula 1.