Lewis Hamilton has been named the richest sportsperson in the UK after increasing his personal fortune to £130million.
The Brit increased his wealth by more than £25million over the last 12 months, boosted by big-money sponsorship deals with the likes of Bombardier, L'Oreal and IWC watches alongside his contract with Mercedes.
Hamilton lives in the tax haven of Monaco but he insists that he does pay tax on his earnings.
“What people don’t realise is that I pay tax here, but I don’t earn all my money here. I race in 19 different countries, so I earn my money in 20 different places and I pay tax in several different places, and I pay a lot here as well,” Hamilton told the Sunday Times Style magazine.
“I am contributing to the country and, not only that, I help keep a team of more than 1,000 people employed. I am part of a much bigger picture.”
Hamilton beat Manchester United striker Zlatan Ibrahimovic, whose wealth is estimated at £110million, into top spot with team-mate Wayne Rooney rounding off the top three with £93million.
Hamilton's former team-mate Jenson Button came fourth on the list with £86million.