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Mika Häkkinen Net Worth

Formula One driver · Athletes

Mika Häkkinen
Photo: Sven Mandel · Wikimedia Commons · CC BY-SA 4.0
Estimated net worth

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Quick facts

Born1968

ProfessionFormula One driver

NationalityFinnish

CategoryAthletes

Background and career

Mika Pauli Häkkinen (Finnish pronunciation: [ˈmikɑ ˈhækːinen]; born 28 September 1968) is a Finnish former racing driver who competed in Formula One from 1991 to 2001. Nicknamed "the Flying Finn", Häkkinen won two Formula One World Drivers' Championship titles, which he won in 1998 and 1999 with McLaren, and won 20 Grands Prix across 11 seasons. Born and raised in Vantaa, Häkkinen began his career in karting aged five, winning several regional and national championships before graduating to junior formulae in 1987. A protégé of 1982 World Drivers' Champion Keke Rosberg, Häkkinen won his first title in Nordic Formula Ford before winning the 1990 British Formula Three Championship with West Surrey Racing. A member of the Marlboro driver academy, Häkkinen signed for Lotus in 1991, making his Formula One debut at the United States Grand Prix. After two seasons with limited success, Häkkinen moved to McLaren as a test driver in 1993, replacing Michael Andretti for the final three rounds of the season to partner Ayrton Senna; he achieved his maiden podium at the Japanese Grand Prix. Amidst reliability issues with the Peugeot-powered MP4/9, Häkkinen scored several podiums and finished fourth in 1994. After further winless seasons for McLaren in 1995 and 1996, he achieved his maiden victory at the European Grand Prix in 1997. Amidst a fierce title battle with Michael Schumacher in 1998, Häkkinen won his first championship at the final race of the season, becoming the second World Drivers' Champion from Finland. He successfully defended his title in 1999, beating Eddie Irvine by two points in lieu of an injured Schumacher. Häkkinen won several races during his 2000 campaign, where he was unable to beat Schumacher to a third title. Häkkinen retired at the conclusion of the 2001 season—taking his final victory at the United States Grand Prix—having achieved 20 race wins, 26 pole positions, 25 fastest laps and 51 podiums in Formula One. After retiring from Formula One, Häkkinen competed in the Deutsche Tourenwagen Masters from 2005 to 2007 for HWA. Upon his retirement from motor racing in 2007, he moved into driver management and became a brand ambassador for Mercedes-AMG. Since 2022, Häkkinen has been a commentator and pundit for Viaplay.

Häkkinen was born in Helsingin maalaiskunta, Finland, on 28 September 1968 to Harri, a shortwave radio operator and a part-time taxi driver, and Aila Häkkinen, who worked as a secretary. He has one sister, Nina, who ran a fan site for him until its closure in 1998. Häkkinen lived in the same street as Mika Salo with the two later becoming friends. As a child, Häkkinen played ice hockey and football. When Häkkinen was five years old, his parents rented a go-kart for him to take to a track near their home. Despite an early crash, Häkkinen wished to continue racing, and his father bought him his first go-kart, one that Henri Toivonen had previously competed with. He later won his first karting race in 1975 at the Keimola Motor Stadium where he raced in the regional karting championships in 1978 and 1979, winning the Keimola Club Championship in both years. Häkkinen found further success in 1980 when he won the Swedish Lapland Cup and finished fourth in the 85cc class of the Lapland Karting Championship. Around this time, Häkkinen also drove a Volkswagen Beetle on the frozen lakes of Finland with friend Mika Sohlberg. In 1981, Häkkinen won his first major karting title, the 85cc class of the Finnish Karting Championship. The following year, he finished runner-up in the 85cc class of the Formula Mini series and later won the Ronnie Peterson Memorial event and the Salpauselka Cup in Lahti. Häkkinen moved to the Formula Nordic 100cc class for 1983, where he became the champion on his first attempt and also participated in the A Junior Team Races for Finland alongside Taru Rinne, Jaana Nyman and Marko Mankonen, with the line-up taking the championship. In 1984, Häkkinen won the 100cc Formula Nordic title and later participated in the World Kart Championship race held in Liedolsheim. He took his second consecutive 100cc Formula Nordic Championship in 1985 ahead of Jukka Savolainen. He took part in the Nordic Championship A-Class in the same year, finishing runner-up to Tom Kristensen. Häkkinen went to Parma to participate in the World Kart Championship where he retired before the event's final heat due to a mechanical problem. In 1986, he reached his third consecutive Formula Nordic 100cc title and also took part in karting events across Europe. To further fund his career, Häkkinen got a job with a friend repairing bicycles. In 1987, Häkkinen made the transition from karting to car racing when he purchased a 1986 Reynard Formula Ford 1600 from fellow Finn JJ Lehto. In that year, he entered the Finnish, Swedish and Nordic Formula Ford Championships, winning each title on his first attempt and won nine races combined. Häkkinen also entered two races of the EDFA 1600 Championship and raced in the Formula Ford Festival held at Brands Hatch, where he finished in seventh position. In 1988, Häkkinen entered the GM Vauxhall-Lotus Challenge with the Dragon team, where he secured three victories and finished the runner-up in the championship, behind Allan McNish. He later entered the Opel-Lotus EDFA Euroseries in the same year, taking four victories and became Champion with 126 points, ahead of nearest rival Henrik Larsen. Going into 1989, Häkkinen moved from the Euroseries into the British Formula 3 Championship driving a Reynard 893 chassis for Dragon. He finished seventh position in the championship, scoring 18 points. He was later invited to participate in the Cellnet Formula Three SuperPrix for West Surrey Racing as a guest driver where he secured pole position and the victory. He also raced in the tenth round of the French Formula 3 championship at Le Mans-Bugatti on 24 September and finished third behind Éric Hélary and Laurent Daumet. In 1990, Häkkinen applied to become a member of the "Marlboro World Championship Team" through what was akin to a fully sponsored racing driver academy. Its members were short-listed for testing by a judging panel including Marlboro McLaren team principal Ron Dennis, 1976 Formula One World Drivers' Champion James Hunt, and Formula 3000 team bosses, Mike Earle and Hugues de Chaunac. Häkkinen was also a protégé of 1982 World Drivers' Champion Keke Rosberg. In an April 2015 interview, Earle recounted that Häkkinen's application was the last one that he reviewed at the end of a long day, despite protests by Hunt who had already made plans to head to a pub for a beer. Häkkinen performed strongly in his test and went on to secure Marlboro's sponsorship. That same year, therefore, Häkkinen left Dragon and moved to the West Surrey Racing team and won the British Formula 3 series, by taking nine victories en route to the Championship, with 121 points, ahead of fellow Finn Salo. In November, Häkkinen entered the Macau Grand Prix where he drove to pole position and won the first heat of the event. He retired from the second heat due to a last-lap collision with German Formula Three driver and future Formula One rival Michael Schumacher, who was classified as the overall winner.

Häkkinen made his first test in a Formula One car with the Benetton team driving 90 laps around the Silverstone Circuit and set quicker lap times than regular driver Alessandro Nannini. He found it difficult to fit into the Benetton but liked the steering and throttle response. Häkkinen expected not to be offered a seat at Benetton and he decided to sign with the Lotus team for the 1991 season. Making his debut in the United States Grand Prix alongside teammate Julian Bailey, Häkkinen qualified thirteenth on the grid and suffered an engine failure on the sixtieth lap and was classified thirteenth. The next race in Brazil saw him finish ninth, and scored his first Formula One points by reaching fifth place in San Marino. Häkkinen suffered from a dip in race form as he encountered consecutive retirements in the next two races—his car suffered from an oil leak in Monaco and spun out in Canada. Before Canada, Bailey lost his seat at Lotus due to a lack of funding, so Häkkinen was partnered by Johnny Herbert and Michael Bartels throughout the remainder of the season. Although Häkkinen secured a ninth-place finish in Mexico, he did not qualify for the French Grand Prix. Over the remainder of the season, he did not finish four of the nine races he entered. Häkkinen finished his debut season sixteenth in the Drivers' Championship, scoring two points.

Häkkinen remained at Lotus for 1992 and was partnered by Herbert. At the opening round of the season in South Africa, Häkkinen finished in ninth position, which he followed up with his first points of the season in Mexico. He took a further finish in Brazil, although he did not qualify for the San Marino Grand Prix and suffered consecutive retirements in the following two races. At Monaco, Lotus introduced their new car, the Lotus 107. Häkkinen later gathered further consecutive points in the following two races, before he was forced into retirement at the German Grand Prix due to an engine failure. A similar pattern followed in the next three races, which was broken when he finished fifth in Portugal and suffered a retirement at the penultimate round of the year in Japan. Häkkinen concluded the season with a seventh-place finish in Australia. During the season, Häkkinen became embroiled in a contract dispute. Häkkinen, who was under contract to Lotus, opted to join Williams. However, Williams had not submitted their entry for the 1993 season, and Häkkinen was unable to join the team when he learnt that Lotus team principal Peter Collins would veto the Williams team entry if they had signed Häkkinen. Häkkinen later approached Ligier although his contract contained a clause of which his manager Keke Rosberg disagreed. He later approached McLaren team principal Ron Dennis for a contract with the team, which was drafted at Courchevel Airport. The dispute eventually went to the Formula One Contract Recognition Board, who ruled in favour of McLaren after two days of deliberation.

For 1993, Häkkinen joined McLaren, originally as a race driver, although he became the team's official test driver when CART driver Michael Andretti was hired by the team. Apart from regular testing duties, Häkkinen entered two Porsche Supercup races, held as a support race for the Monaco Grand Prix, where he started at pole position and took victory in both races. He was promoted to a Formula One race seat after the Italian Grand Prix, when Andretti left Formula One. Häkkinen entered the Portuguese Grand Prix where he out-qualified regular driver Ayrton Senna. During the race, he retired due to collision with a concrete wall. At the next race held in Japan, Häkkinen claimed the first podium of his career with a third-place finish, and ended the season when his McLaren car suffered a brake pipe failure in Australia. Häkkinen concluded the season with 15th in the Drivers' Championship, scoring four points. In December, McLaren confirmed that Häkkinen would remain with the team on a three-year contract from the 1994 season onwards. During 1993, Häkkinen, along with Senna, tested the Lamborghini V12 engine in a modified version of the McLaren MP4/8 race car dubbed the "MP4/8B" at both Estoril and Silverstone. Both drivers were impressed with the engine, with Häkkinen reportedly lapping Silverstone some 1.4 seconds faster in the MP4/8B with its V12 engine than he had with the team's race car fitted with the Ford V8.

Häkkinen stayed at McLaren for 1994 and was partnered by experienced driver Martin Brundle. He endured a torrid start: at the first two races of the season, Häkkinen retired as his car developed engine problems in the Brazilian Grand Prix and gearbox issues in the Pacific Grand Prix which included a collision with Senna on the first lap. He later reached his first podium finish of the season at the San Marino Grand Prix, although he suffered a dip in form as he was forced into consecutive retirements in the next four races. Häkkinen raced to a further podium finish at the British Grand Prix, despite a last-lap collision with Jordan driver Rubens Barrichello for which he received a one-race ban, suspended for three races. The ban was enforced after the German Grand Prix, where Häkkinen collided with Williams driver David Coulthard with the Finn's car sliding into another group of cars. He was replaced by Philippe Alliot for the next race in Hungary. Häkkinen returned for the Belgian Grand Prix, initially coming third but was later promoted to second after the disqualification of Benetton driver Michael Schumacher. He got consecutive 3rd-place podium finishes in the next three races, before rounding off the season by finishing the final two races in Japan and Australia, albeit outside of the points scoring positions. Häkkinen managed a fourth place in the Drivers' Championship, scoring 26 points.

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