Schumacher, treatment costs too much: wife sells villas and jewels

Schumacher: his wife sells everything to ensure treatment for the former Formula 1 champion

The accident involving Michael Schumacher at the end of 2013 left an indelible mark not only on the world of Formula 1 but also on the life of his family. Managing your health and related medical expenses represents an ongoing challenge. Corinna Betsch, Schumacher’s wife, had to face difficult decisions to guarantee her husband the necessary care, incurring expenses that exceeded 70 million euros.

Management of medical expenses

Since the F1 champion was the victim of that snow accident, his family has been forced to live in a sort of fortress, protecting Schumacher’s privacy and integrity from prying eyes and false news. The care and assistance necessary for the seven-time world champion entail enormous costs, around seven million euros a year, including medical equipment and specialized personnel. The Schumacher family faced these expenses by drawing on the considerable capital accumulated over the years thanks also to diversified investments, which built the financial empire of the former German driver.

Sales to meet needs

Faced with these costs, Corinna made important decisions about which assets to sell to ensure continued treatment. There have been several significant sales made in recent years: luxury watches belonging to Schumacher were auctioned off, a private jet and a villa in Norway were sold, difficult but necessary decisions. In parallel, investments were made, such as the purchase of a villa in Mallorca, with the aim of guaranteeing greater privacy and serenity for Michael.

A future of continuous challenges

There Schumacher’s situation remains highly protected and little is known about his real health conditions. What is certain is that the family continues to fight with dedication for his well-being, facing an enormous financial and emotional situation. The choices made by Corinna Betsch demonstrate an unconditional commitment to her husband, indicating a willingness to do everything possible to guarantee him the best possible quality of life, despite daily challenges. Schumacher’s story continues to be marked by love, dedication and constant struggle, aspects that defined the champion on the track and now characterize his family’s battle off the circuit.