How Michael Schumacher’s wife Corinna manages his life & £500million fortune and fights to keep his condition secret
TOMORROW will mark ten years since Schumacher’s tragic skiing accident and since he was last seen in public.
His wife, Corinna, has fiercely protected his privacy and any details of the F1 ace’s health for the past decade.
Along with it, she continues to manage not only his life, but also a £500 million fortune.
Corinna, 54, is at the heart of Michael Schumacher‘s empire which is estimated by financial experts to be over half a billion euros.
Although the renowned formula 1 driver had a circle of financial and tax advisors, he always listened to his wife and the couple made decisions together.
With real estate on different continents, Corinna meets with a small group of four or five advisors about three or four times a year.
That is when she makes future decisions about sales and investments.
Corinna has reportedly slimmed down his £500m business empire and sold prized assets such as his private jet and house in Norway as the family retreated to their secluded home on the shore of Lake Geneva.
Last year, in the summer of 2022, the driver’s family acquired a 584,642 sq ft plot of land in Majorca, Spain for £2.4 million.
Corinna not only manages millions in assets, she is one of the most successful reining experts in the world.
As the owner of the CS ranches in Switzerland and America, she has earned over £1.5 million in prize money with her horses in reining.
Daughter Gina is now the youngest member of the One Million Dollar Club with prize money of over £1 million.
Schumacher, 54, suffered a horrific head injury while skiing with his son Mick in December 2013 – just one year after his retirement from F1.
Corinna has been looking after Michael and their children, Mick and Gina-Maria, ever since the skiing accident turned their lives upside down.
The couple married in 1995 – and Gina-Maria, 26, is a keen equestrian just like mum, while Mick, 24, has followed his dad’s footsteps into F1 with the Haas team.
No one outside of Schumacher’s inner circle – which has Corinna at its heart – really knows what is happening with Michael.
Close friends have claimed they’ve been banned from seeing the stricken F1 legend as a slick PR operation and team of lawyers ensured almost nothing about his condition has been shared with his fans.
Schumacher’s devoted wife has always said she is simply following Michael’s wishes – with the seven-time champ always being careful to keep his personal life private.
But it has left his millions of adoring fans desperate to know the truth as rumours swirl about the allegedly bed-bound icon.
Schumacher spoke of his love for his wife just days before his crash, telling German TV: “During all the time I was racing she was my guardian angel.”
And she has continued to watch over him ever since, reportedly being by his side from the moment he was rushed to hospital in Grenoble.
Corinna is said to have converted part of their £50million lakeside mansion in Gland into a state-of-the-art hospital, with a team of 15 medics providing 24-hour care at a cost of £115,000 a week.
Meanwhile the thick surrounding forest and security fences kept him away from any possible intrusion.
It’s reported Corinna has been kitted out their £27million majorca home with a mini hospital to help make the German racer comfortable.
And in a rare interview with Germany‘s She magazine in 2019, Corinna revealed it is her notoriously private husband who has dictated the news blackout.
She said: “He is in the best of hands right now and we are doing everything we can to help him.
“Try to understand that we follow Michael’s desire to keep his health a secret.”
The family even waged a legal battle in 2016 after German magazine Bunte reported the racing legend “could walk”.
The court case actually led to a few small pieces of information being revealed, with Schumacher’s lawyers confirming he still couldn’t walk two years on from the crash.
Corinna also reportedly led the effort to hide a ghoulish photo of the F1 legend that was reportedly snapped and then smuggled out by a “friend”.
It is alleged to have been offered to European news outlets for a staggering £1million.
German prosecutors in Offenburg later confirmed that “an unknown person” had taken “secret” snaps and were offering them for “high amounts of money”.
They called the disgusting act a “violation of his personal range of life” and breach of privacy.
Corinna reportedly demanded the cops take action, but the media outlets refused to reveal its source – and also claimed it never saw any of the images of Schumacher.
The recent news of the F1 legend report he has been driven around in sporty AMG Mercedeces to help stimulate his brain with familiar sounds of race cars.
And another update came from the driver’s younger brother Ralf who has admitted the F1 ace may never completely recover, despite receiving advanced medical treatment.