It’s almost been two years since Michael Schumacher was involved in the ski accident that rendered him incapacitated. And while it’s been insisted that the Formula 1 legend is continuing to improve, the true cost of his treatment has now been revealed.
According to the Mirror, it costs around $165,000 a week to keep pay for the state of the art and round the clock treatment that Schumacher has been receiving, ever since he came out of his coma around 18 months ago. That means that the costs have now spiralled to around $15 million.
Since being in the skiing accident near Meribel, France, Michael Schumacher has been under constant surveillance, first at the Grenoble hospital where he was put in a medically induced coma for six months, then at the University Hospital in Lausanne, where he continued his rehabilitation.
And now, finally, at his home, where, according to the Express, a team of a around 15 physicians, nurses, and medical technologists are keeping him comfortable and are trying to make him as healthy, independent, and as cognitive as possible.
This facility was installed in his huge mansion in Switzerland, and it is already slightly denting his huge fortune, which is believed to be between $500 and $800 million.
However, since his sponsors, which includes Mercedes, have stuck by Schumacher, these medical costs haven’t even come close to bankrupting Schumacher and his family, which consists of his wife, Corinna, who he married back in 1995, and their children, Gina-Marie Schumacher and Mick Schumacher.
In order to try and raise further money to pay for the spiralling medical costs, Corinna Schumacher has already started to make cutbacks, selling off her husband’s private jet and their holiday home, which is based in Norway. By selling these properties, Corinna has raised around $25 million for the family and to aid Michael Schumacher’s recovery.
Corinna has taken complete control of Michael Schumacher’s finance and business affairs, while she is also spending as much as possible to try and assist her iconic husband’s recovery.
The current status of Michael Schumacher’s health is still relatively unknown. Schumacher’s close friends and manager have provided sporadic updates over the last few months, while Christian Today have cited reports that the Formula One star’s weight has plummeted to just 45 kilograms.
Professor Curt Diehm, who is an employee at the Karlsbad teaching hospital in Germany, explained, “While a weight loss in coma patients is normal, 20 kilos is a lot for people with normal body weights. One must assume that his muscles have degraded greatly due to the immobility.”
Sabine Kehm, who is Michael Schumacher’s manager, insists that he is doing well, but insists that it’s going to take a while for him to even make any drastic improvements.
“We are happy to say [he has made an] improvement and I say that this always considering the severeness of the injury he had,” she explained. “But of course it will take a very long time for everybody involved to fight, and we are happy to take this fight.”
Last year, 14-year-old Mick Schumacher, who is currently looking to emulate his father by becoming a racing driver, told a Formula One commentator that Michael’s recovery was coming along “very slowly.”
Jean Todt, who was the Ferrari boss during Michael Schumacher’s most successful period as a Formula One driver, has also previously insisted that he is “improving,” while he even insisted that the driver could live a “relatively normal life within a short period of time.”
Michael Schumacher won seven world championships during his Formula One career, two while driving for Benetton and five while racing for Ferrari.