Valentino Rossi Net Worth: What Is The Fortune Of Valentino Rossi?
Valentino Rossi Net Worth
It’s estimated that Valentino Rossi has a fortune of $200 million. Valentino Rossi is a legendary motorcycle racer who has won numerous world championships. At least seven of his nine Grand Prix World Championship titles are in the top division.
Valentino Rossi Early Life And Career
Valentino Rossi’s birthday is February 16th, and he was born in the Italian city of Urbino. Valentino Rossi, who was born to a racer father, Graziano Rossi, began racing go-karts at a very young age, just like his father did. Graziano Rossi was Valentino’s father.
When his son was just 5 years old, his father upgraded the motor on his kart from a 60cc national kart motor to a 100cc national kart motor. In 1990, Rossi competed in minimoto after having previously won the kart championship for his region.
By 1991, he had held a number of regional racing victories under his belt. In 1995, Valentino finished third in the European Championship and first in the Italian 125 CC Championship. He also won the Italian championship.
Valentino Rossi Career
In 1996, Rossi made his Grand Prix debut with Aprilia in the 125cc division. Following his first World Championship win, he moved up to the 250cc category with Aprilia and won the 250cc World Championship in 1999, his second World Championship.
From the premier class in 2000 on, he was a two-time winner of the 500cc World Championship with Honda, and the MotoGP World Championships in 2002 and 2003 as well (again with Honda). After leaving Honda for Yamaha, Rossi extended his streak of back-to-back victories by winning the 2004 and 2005 MotoGP world championships.
Rossi’s collision in the last round in Valencia cost him the 2006 title, which he gave to Nicky Hayden, his former Honda teammate. In 2007, Casey Stoner on a Ducati beat out Rossi and Yamaha. Rossi finished the year in third place, which was a career low for him.
The title was recovered by Rossi in 2008 and he defended it against Stoner in 2009. Rossi joined Ducati for the 2011 season, which was cut short by a broken leg, but by 2012, it had already been established that he would return to Yamaha for the 2013 and 2014 seasons due to his lack of success with the Italian manufacturer.
After returning to Yamaha, Rossi finished fourth in the standings in 2013 and followed that up with three consecutive second-place finishes for the following three years. Jorge Lorenzo, a teammate, eventually overtook him at Valencia in the final round of the 2015 season to win the championship. Rossi’s grid penalty from the Malaysian round, where he collided with Honda’s Marc Marquez, cost him the victory.
Rossi has won a few races during his second stay with Yamaha, but he hasn’t had the same degree of success as he had in the beginning of his career. A long losing streak occurred after he won the Dutch TT in 2017 and placed third in the 2018 title. His contract expires at the end of 2020, but his departure from Yamaha has been confirmed.
To join Petronas Yamaya Racing Team for the 2021 season, he has been in talks with the team. In addition, Rossi owns the junior-level Sky Racing Squad by VR46 team.
Rossi is second on the all-time list of 500cc/MotoGP multiple champions, trailing only Giacomo Agostini, who has 122 victories. A year after making $34 million, Valentino made $36 million that year. Sporting Illustrated lists him as one of the highest-paid athletes in the world. In 2009, he was recognised as the ninth highest-paid athlete in the world.
Valentino Rossi Other Motorsports Activities
In February of 2006, Rossi participated in a number of Ferrari Formula One car racing simulations and tests, after which he was encouraged to step up to Formula One and start competing immediately. Despite this, in May of that year, he made the announcement that he would continue to compete in MotoGP until he believed that his work on the motorcycle was “done.”
In addition to having an interest in Formula One, he is also enthusiastic about rally car racing. In 2002, he competed in the WRC Rally Great Britain driving a Peugeot 206 WRC. Unfortunately, during the second stage of the rally, he was involved in an accident. Rally New Zealand was one of the competitions he participated in back in November 2006, driving a Subaru Impreza WRC04.
During the same year, he drove a Ford Focus RS WRC 04 to victory at the Monza Rally Show. During the Monza Rally in 2007, Valentino finished in first place. He made the choice once more to continue competing in MotoGP.
In January of 2010, Rossi expressed his desire to transition into rallying after his career in motorcycle racing comes to an end. At Charlotte Motor Speedway, located in North Carolina, he was provided with a unique opportunity to test Kyle Busch’s NASCAR Nationwide Series stock car in the year 2013.
Rossi reached a maximum speed of 185 miles per hour while he was competing, a performance that, had it been a Nationwide Series race, would have placed him in the top fifteen. As part of a sponsored event held at Circuit Ricardo Tormo in Spain in 2019, Rossi switched seats with Lewis Hamilton, who has won the Formula One world championship a record six times.
Later on during that week, he drove a Ferrari 488 GT3 in the 2019 Gulf 12 Hour race, which took place at Yas Marina Circuit. His half brother and a fellow Moto2 rider, Luca Marini, as well as Alessi Salucci, were his co-drivers for the race. During the first half of the race, they achieved the quickest lap time for the team and finished in seventh place overall. In the second half of the race, Rossi drove the vehicle to third place overall and first place in the Pro-Am category.
Valentino Rossi Personal Life
At the age of 18, Rossi relocated to Milan, and later, while he was signed to a contract with Honda, he established a home in London, England. He purchased a villa in Ibiza at some point during this time period.
After losing an appeal about his taxes in 2007, he moved back to Italy to be closer to his family. Rossi was presented with an honorary degree in Communications and Advertising in the month of May 2005. Since the beginning of 2019, he has been romantically involved with the Italian model Francesca Sofia Novello.
Valentino Rossi Legal Troubles
Rossi was accused by Italian tax authorities in 2007 of failing to declare $160 million in revenues between 2000 and 2004, according to reports. In 2002, he was probed for tax evasion, but the investigation was unsuccessful.
Rossi was accused by officials of violating the European Tax Agreement by using his London residency to avoid paying taxes on his merchandising and sponsorship contracts while only registering his profits in England. While Rossi was nominally a London resident, authorities concluded that his “centre of interests” was elsewhere. A settlement for 35 million euros ($41 million USD) was announced by Rossi in February 2008 to avoid jail time.