Four-time Formula 1 world champion Max Verstappen has once again made headlines, not for his on-track exploits, but for an unprecedented decision off the track. According to recent reports, published by Motorsport.com on April 24, 2025, Verstappen has flatly rejected a lucrative $20 million contract offer from tech magnate Elon Musk. The offer, which reportedly involved a partnership with Musk’s company X Corp, was rejected by Verstappen with a stern statement: “I don’t need it! Keep that money and put it to a more meaningful purpose.” These words have garnered worldwide admiration and fueled debate about the values of the Dutch racing driver, who at the age of 27 has already built up a fortune of over €210 million.
The news broke just ahead of the Spanish Grand Prix on April 26, 2025, where Verstappen is preparing for a crucial race in his quest for a fifth world title. Despite his third place in the championship, 12 points behind McLaren driver Oscar Piastri, Verstappen remains in a class of his own. His decision to reject Musk’s offer, however, underscores a side of him that is rarely highlighted: his down-to-earth nature and social commitment. Verstappen, who lives in Monaco and pays no income tax, will earn $64 million in 2023, according to Forbes, including bonuses and sponsorship deals with brands such as Heineken and EA Sports. Yet money does not seem to be his motivation. “I race to win, not for the money,” he said in an interview with Viaplay earlier this year.
Details of the rejected contract are scarce, but sources suggest that X Corp, Musk’s media platform, wanted to tap Verstappen as an ambassador to boost its brand awareness. Musk, who is known for his controversial statements and recent criticism from Sky Sports commentator Martin Brundle, is said to have reached out to Verstappen personally. The Dutchman, known for his direct approach, reportedly turned down the offer within minutes, urging Musk to donate the money to charity. Fans on X went wild: “Max shows what racing is all about!” one user wrote, while another noted: “This is why he’s a legend, on and off the track.”
Verstappen’s decision fits into a pattern of conscious choices. He has stated several times that he does not want to stay in Formula 1 until he is forty and invests in his own racing team, Verstappen.com Racing, which recently made its debut in the GT World Challenge. He also coaches young drivers through Team Redline and remains loyal to Red Bull, where he is under contract until 2028 for an estimated 40 to 50 million euros per year. His rejection of Musk’s millions reflects his focus on authenticity over commercial deals. “I do what feels right,” Verstappen said in Jeddah after his pole position, a statement that now takes on a deeper meaning.
The timing of the news adds extra tension to the Spanish Grand Prix. McLaren dominates with Piastri and Norris, but Verstappen has a strong history in Barcelona, where he took his first win in 2016. Analyst Mike Hezemans praised Verstappen’s form: “Even with an inferior car he is unmatched.” However, the RB21 remains less competitive than hoped, with tyre wear as its Achilles heel. Verstappen remains level-headed: “We fight for every point.” His teammate Yuki Tsunoda, who recently impressed in an RB19 test, will be crucial in delivering points to Red Bull.
Musk’s rejection of the offer has cemented Verstappen’s status as a role model. As the Formula 1 world prepares for a thrilling weekend in Barcelona, where Verstappen will take on McLaren and Ferrari’s Lewis Hamilton, his message is clear: principles come before money. Whether or not he wins his fifth title, Verstappen has already secured a victory in the eyes of fans worldwide. The question remains: will he show the same tenacity on track? Barcelona will provide the answer.
