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Michael Schumacher: German Formula
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A recent study by Lloyd's of London on the cost of personal accident insurance for Formula One drivers estimated that Michael Schumacher, the sport's top prizewinner, is covered by a policy in excess of $20 million. The next six highest-ranking prizewinners, including Mika Hakkinen, Jacques Villeneuve and David Coultard, have policies estimated at between $5.5 million and $10 million.
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"Michael has been the author of a unique chapter in the history of Formula One and of Ferrari in particular. What he has achieved extends over and above the results obtained," said Jean Todt, who guided Ferrari through the Schumacher years and is regarded as one of Schumacher's closest friends.
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Off the track, Schumacher is an ambassador for UNESCO and a spokesman for driver safety. He has been involved in numerous humanitarian efforts throughout his life.[8] He is the elder brother of Formula One driver Ralf Schumacher.[1]
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