Lewis Hamilton, the Formula 1 legend and seven-time world champion, has officially embraced his new journey with Ferrari by securing his first victory and purchasing a luxurious home in Italy. Following his triumphant win in the sprint race at the Chinese Grand Prix last weekend, the 40-year-old has relocated to Milan’s prestigious Porta Nuova district, as reported by Italian publication Corriere della Serra. This move not only cements his integration into the Ferrari family but also adds another lavish property to his impressive real estate portfolio.

A Winning Start with Ferrari

Hamilton’s switch to Ferrari ahead of the 2025 F1 season has already borne fruit, with his victory in China marking a significant milestone. The sprint race win showcased his enduring talent and adaptability, thrilling Ferrari fans and reinforcing his status as a key asset to the iconic Italian team. Not content with merely racing for Ferrari, Hamilton has taken his commitment a step further by establishing a permanent base in Italy, signaling his intent to fully immerse himself in the team’s culture and heritage.

Porta Nuova: Hamilton’s New Italian Home

According to Corriere della Serra, Hamilton has settled in Milan’s Porta Nuova district, a vibrant area around Piazza Gae Aulenti and Porta Garibaldi station. Known for its dramatic transformation over the past two decades, Porta Nuova is one of Milan’s premier business hubs, blending modern architecture with historical charm. The district boasts Italy’s tallest skyscraper, the Unicredit Tower, and a Neoclassical gate from 1810, from which it derives its name. Property prices in this affluent area average €1.48 million, reflecting its exclusivity. Hamilton reportedly considered properties between Modena and Bologna—regions tied to Ferrari’s roots—before opting for the cosmopolitan allure of Milan.

Porta Nuova, a redevelopment project launched in 1997, offers a mix of luxury residences, high-end shopping, and green spaces, making it an ideal fit for Hamilton’s lifestyle. The district’s proximity to Ferrari’s Maranello headquarters, roughly a two-hour drive, ensures he remains connected to the team while enjoying Milan’s dynamic urban environment.

Hamilton’s Global Property Portfolio

Milan is the latest addition to Hamilton’s collection of luxurious homes. In 2007, he purchased a property near Lake Geneva in Switzerland, followed by a residence in Monaco in 2012, where he often resides during the F1 season. Additionally, Hamilton reportedly owns a ranch in Aspen, Colorado, a nod to his love for winter sports, which he indulged in during the most recent F1 winter break. His new Milan villa, acquired with his personal wealth—estimated at £350 million by The Sunday Times at the end of 2024—further showcases his penchant for prime real estate in stunning locations.

What is Lewis Hamilton’s Net Worth?

At the close of 2024, The Sunday Times listed Hamilton’s net worth at £350 million, ranking him ninth on their Rich List 40 under 40. At the time, the then-39-year-old was already a global icon, with his wealth reflecting his success on the track and lucrative off-track ventures. His financial independence has allowed him to make bold moves like this latest purchase in Milan, reportedly supported by Ferrari team principal Fred Vasseur, though funded through Hamilton’s own resources.

A New Era for Hamilton and Ferrari

Hamilton’s decision to settle in Italy comes at a pivotal moment. His early success with Ferrari and his relocation to Milan signal a deep commitment to the team, which he joined after a storied tenure with Mercedes. The move also follows a period of personal challenges, with the F1 community recently rallying around him after a private family announcement. By putting down roots in Porta Nuova, Hamilton is not only embracing Ferrari’s legacy but also positioning himself closer to the heart of Italian motorsport.

As he settles into his new home, Hamilton continues to balance his racing career with his diverse interests, from fashion to philanthropy. Milan, a global hub for design and culture, aligns perfectly with his off-track pursuits, while his victory in China hints at a promising season ahead. For Ferrari fans, Hamilton’s presence in Italy is a symbol of hope and ambition, blending his championship pedigree with the team’s storied tradition.

Looking Forward

With a win already under his belt and a stunning new home in Milan, Lewis Hamilton is writing an exciting new chapter with Ferrari. As the 2025 season unfolds, the F1 world will watch closely to see how this move shapes his legacy—both on the track and in the heart of Italy.