Business News Michael Schumacher | Page 23

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Schumacher at Indianapolis in 2004, where he won the 2004 United States Grand Prix

their local rivals Sunderland. I immediately liked the way they seemed to be a much bigger and better club than Sunderland and from that moment on I was a big fan". He has appeared in several football charity games and organised games between Formula One drivers.

On 23 June 2003, Schumacher was appointed as an Ambassador at Large for the Most Serene Republic of San Marino.

In 2004, Forbes magazine listed him as the 2nd highest paid athlete in the world. In 2005 Eurobusiness magazine identified Schumacher as the world's first billionaire athlete. His 2004 salary was reported to be around US$80 million. Forbes magazine ranked him 17th in their "The World's Most Powerful Celebrities" list. A significant share of his income came from advertising. For example, Deutsche Vermögensberatung paid him $8 million over three years from 1999 for wearing a 10 by 8 centimetre advertisement on his post-race cap. The deal was extended until 2010. He donated $10 million for aid after the 2004 Indian Ocean earthquake. His donation surpassed that of any other sports person, most sports leagues, many worldwide corporations and even some countries. Schumacher's bodyguard Burkhard Cramer was killed in the tsunami along with his two sons.

Schumacher is a special ambassador to UNESCO and has donated 1.5 million Euros to the organization. Additionally, he paid for the construction of a school for poor children and for area improvements in Dakar, Senegal. He supports a hospital for child victims of war in Sarajevo, which specialises in caring for

amputees. In Lima, Peru he funded the "Palace for the Poor", a centre for helping homeless street children obtain an education, clothing, food, medical attention, and shelter. He stated his interest in these various efforts was piqued both by his love for children and the fact that these causes had received little attention. While an exact figure for the amount of money he has donated throughout his life is unknown, it is known that in his last four years as a driver, he donated at least $50 million. In 2008 it was revealed that he had donated between $5M and $10M to the William J. Clinton Presidential Center and Park of Bill Clinton.

Since his participation in an FIA European road safety campaign, as part of his punishment after the collision at the 1997 European Grand Prix, Schumacher has continued to support other