Lewis Hamilton adds house in exclusive Milan neighbourhood to multi-million pound property portfolio after Ferrari move

LEWIS HAMILTON has expanded his stunning property empire with a luxury new pad in an exclusive Milan neighbourhood.

The 40-year-old has had a hot and cold start to life on track with Ferrari.

Off track Hamilton has captivated the imagination with his extensive fashion shoots, with Ferrari sponsor Puma reporting an eightfold increase in sales of team merchandise since his arrival.

And he has also wasted no time in adding a new home to his already impressive roster following his move to Italy.

PlanetF1 previously reported Hamilton was considering a purchase in Modena and Bologna in the Emilia-Romagna region of Italy and close to Ferrari's operating base of Maranello.

However, Italian publication Corriere della Sera have now claimed Hamilton has chosen a new property in Milan.

Davide Valsecchi, a former F1 test and reserve driver told the outlet: “He bought a house in Porta Nuova, one of Milan’s most exclusive neighbourhoods.”

Porta Nuova is central to an ambitious urban development project and consequently has price well above the average of the rest of the city.

It is reported the region has an average rate of around £8,200 per square metre, while the rest of the city is value around £4,600 per square metre.

Hamilton's primary residence is known to be in the Principality of Monaco.

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The 2,000 square foot apartment is understood to be located in the Fontvieille district, which he is said to have paid £8.3m for, though now the properties can easily fetch upwards of £30m.

He also owns properties in London, Geneva, New York and Colorado.

The Brit's London mansion, built in the 1830s by renowned builder Samuel Johns, can be found in Kensington and reportedly cost him £18.2m to buy in 2017.

The seven-time F1 champion previously owned a three-floor £34m penthouse in Tribeca, New York City in 2017.

Two years later Hamilton is known to have then splashed out on another £32m New York property, this time in Manhattan which contains a swimming pool, private gym and a squash court.

However, Hamilton is believed to have sold his Tribeca property in in 2021 for a staggering £38.3m.

Further west, the Brit owns a ranch in Aspen, Colorado, where he has said he spends a lot of time during F1's winter break.

He is said to have scoped out a £12m property in Beverly Hills, California, but it is not known whether he brought the pad.

Hamilton also owns a three-bedroom property in the Alpine foothills of Geneva, Switzerland, though not much else is known about it.

By his own admission, the F1 star's time on the road means he is ever really “home”.

He said: “I've never really been home [before].

“In my winter, I go to the mountains [in Colorado], which I really see as my main home, because it's a house and it's full of love and memories from people, the family that come every winter.

“Where I live in Monaco, it's been somewhere I go back to, and I'd call home, but it lacks those memories. I'd be there for short periods of time. So it's not been the easiest.”

Hamilton has had a number of high-profile relationships over the years.

However, in a recent interview Hamilton addressed his relationship status.

He said: “I’m hungry, driven, don’t have a wife and kids. I’m focused on one thing, and that’s winning. That’s my No. 1 priority.”

According to the Sunday Times at the end of 2024, Hamilton's net worth is £350m, making him the ninth wealthiest individual on the Rich List 40 under 40.

That worth is also bolstered by a stunning car collection, estimated to have a value of £13m.

Hamilton revealed plans earlier this month to design his own Ferrari road car, including the legendary F40 as a base.