Rediff India Abroad
 Rediff India Abroad Home  |  All the sections


The Web

India Abroad

Sign up today!

Article Tools
Email this article
Top emailed links
Print this article
Contact the editors
Discuss this article
Home > Sports > Formula One > Reuters > Report

Schumacher's children get two euros a week

March 02, 2005 18:41 IST

Michael Schumacher is one of the world's best-paid sportsman but the Formula One world champion is a cheapskate when it comes to his children's pocket money.

Schumacher, whose annual earnings are estimated at $80 million, gives his eight-year-old daughter Gina-Maria and his son Mick, who is six this month, two euros ($2.64) a week each.

Also Read

India revs up for Narain's F1 debut

I'm sick of losing: Barrichello

"They have to learn wealth isn't automatic," the German Ferrari driver told Stern magazine in an interview.

"They get, just like other children, two euros allowance per week. They can either save it or buy something they really want with it."

But Schumacher added that lavish presents did sometimes slip through, saying his father got a mini go-kart for the children a few years ago.

"In the meantime they've both become good drivers," Schumacher said.

© Copyright 2005 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Formula One: The Complete Coverage

Share your comments


Copyright 2006 India Limited. All Rights Reserved.