It’s official! The news that thousands of Mexican F1 fans had been waiting for has been confirmed: the arrival of Sergio “Checo” Pérez to Cadillac marks a new chapter in his career within Formula 1, a move that not only redefines his path but also places at the center of the conversation the economic and sporting value of the Mexican driver after his time with Red Bull.

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The announcement was made on the morning of Tuesday, August 26. The Cadillac Formula 1 team announced the signing of Valtteri Bottas and Sergio “Checo” Pérez, who will lead the team in its debut F1 season in 2026.

What is Checo Pérez’s current net worth?

According to international financial estimates, Checo Pérez has a net worth of around $50 million. His fortune mainly comes from contracts with Formula 1 teams such as Sauber, McLaren, Force India, Racing Point, and Red Bull Racing.

In addition to his salary earnings, Pérez has accumulated significant income through sponsorships, commercial activations, and deals with brands that see him as a high-impact Latin American figure. His time with Red Bull allowed him to consolidate himself as one of the drivers with the greatest media and sporting exposure in the world of motorsport.

How much will Checo Pérez earn at Cadillac?

Rumors in the paddock suggest that Cadillac will offer him an estimated salary between $16 and $17 million annually, making him one of the most expensive signings on the Formula 1 grid.

On top of this income will be commercial activations as a global ambassador for the brand, a condition that strengthens Cadillac’s strategy to position itself not only as a competitive team but also as a project with a global marketing impact.

In other words, Pérez’s value goes far beyond the track: his commercial influence and appeal among fans in Latin America and the United States are key assets for the brand.

Why did Cadillac choose Checo Pérez?

Cadillac’s bet for its Formula 1 debut in 2026 is centered on experience and leadership. The team officially confirmed the signing of Valtteri Bottas and Sergio Pérez, two drivers with more than 500 combined Grand Prix races and over 100 podiums.

In Pérez’s own words: “Joining the Cadillac Formula 1 team is an incredibly exciting new chapter in my career. From our first conversations I could feel the passion and determination behind this project. It is an honor to be part of building a team that can develop together so that, in time, we will fight at the very front. Cadillac is a legendary name in American motorsport, and helping bring such a fantastic company to Formula 1 is a huge responsibility, one I am confident of taking on.”

For Cadillac, having a driver like Checo means not only speed on track, but also the ability to project the brand’s identity to global audiences.

What does the Cadillac project in Formula 1 mean?

Backed by TWG Motorsports and General Motors, the Cadillac F1 team is building its project from the ground up with a long-term vision. The plan includes creating a culture rooted in innovation and performance, with operations in three key locations: Fishers (Indiana), Charlotte (North Carolina), and Silverstone (United Kingdom).

Team principal Graeme Lowdon highlighted the importance of the driver lineup: “Signing two very experienced drivers like Bottas and Checo is a bold signal of our intentions. They’ve seen it all and they know what it takes to succeed in Formula 1. But most importantly, they understand what it means to help build a team.”

Cadillac’s strategy is not just to compete, but to become an emblem of American motorsport on the global stage.

What role will marketing play in Checo Pérez’s signing?

Pérez’s appeal to Cadillac lies not only in his performance on track, but in the impact he can generate off it. His popularity in Mexico, the United States, and much of Latin America makes his signing a continental marketing strategy.

Dan Towriss, CEO of the Cadillac F1 team, summed it up clearly: “Bottas and Checo bring the perfect balance of talent, maturity and drive. They’re not just accomplished racers, they’re builders, collaborators and professionals who will help define what the Cadillac Formula 1 team stands for.”