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 |  May 08 2012, 8:31 AM

Formula 1 is a lucrative career no matter how you place. It’s even more so if you’re a seven-time World Champion.

In fact, according to a new list released by the Sunday Times, Michael Schumacher has earned a total of $823 million during his career that has stretched from the Benneton team back in 1991 to the Mercedes-Benz team of today – plus a hugely successful stint in between as the man at Ferrari.

Schumacher’s earnings are not, however, enough to rank him as the sports world’s highest earner; that title goes to Tiger Woods, who edges out the F1 champ by $46 million.

By comparison, Schumacher (and Woods) easily best others in the running, including Michael Jordan at $516 million, Roger Federer at $316 million and David Beckham at “just” $258 million.

As for other Formula 1 starts, both Fernando Alonso and Kimi Raikkonen have billed for roughly $161 million during their careers while World Champions Lewis Hamilton and Jenson Button tally $89 million and $85 million respectively.