Lewis Hamilton launches his bid for a fifth world title this weekend armed with a 1,000-horsepower engine and £112m (NZ$216m) in sponsorship deals.

The 33-year-old begins his 12th season in the sport knowing a successful defence of his crown will move him within two of Michael Schumacher's record haul.

Hamilton starts as the overwhelming favourite to do just that given the recent supremacy of his Mercedes team.

The Silver Arrows have won every drivers' and constructors' championship since 2014 – a period of dominance which has seen the Silver Arrows establish incredible financial pulling power, the full extent of which can be revealed by Sportsmail.

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Hamilton will take to the grid in Australia on Sunday in a race suit emblazoned with the logos of 12 sponsors boosting the team's coffers by £112m collectively in 2018.

To put that into perspective, Premier League champions-elect Manchester City's kits will feature around £95m worth of sponsorship from next season through deals with Puma, Etihad and Nexen.

Malaysian state oil and gas company Petronas are Mercedes' title sponsor and provide almost half of their kit income — around £50m per year.

Sportswear manufacturer Puma pay roughly £2m a year to have their logo featured.

Meanwhile, audio giant Bose, clothing brand Tommy Hilfiger, drinks-maker Monster Energy, UBS (finance), Qualcomm (wireless technology), Epson (printing and communications), IWC Schaffhausen (Swiss watches) and Wihuri (packaging products) are all seven-figure contributors.

Tibco (analytics software) pay the smallest amount — approximately £1m — for which they receive a spot just above Hamilton's elbow.

Hamilton also has separate personal endorsements with several of the companies — including Tommy Hilfiger, Puma, Bose and Monster Energy — adding around £10m to his annual income.

he Briton will sign a new three-year contract worth £120m with Mercedes in the coming weeks.

Hamilton's current deal expires at the end of the year and negotiations over an extension started before Christmas.

Team boss Toto Wolff suggested interests outside the sport were a key factor in those discussions for Hamilton, who became Tommy Hilfiger's global brand ambassador last week.

"He's a good negotiator in the same way that he's a good racing driver," said Wolff.

"We've discussed our visions for the future, how Lewis sees himself in the sport going forwards, his other interests and our expectations.

"We'd rather have it done properly in a contract than leave things open."

MERCEDES SPONSORS
Mercedes-Benz — £30m per year
Chassis development and engine supply

Petronas — approximately £50m per year
Title sponsor, Malaysian state oil and gas — deal signed in 2016

Puma — approx £2m per year
Racing footwear, apparel and accessories — deal signed in 2014

Monster Energy — approx £1.5m per year
Energy drinks — deal signed in 2010

Bose — approx £2.5m per year
Audio systems — deal signed in 2015

Tommy Hilfiger — approx £4m per year
Team clothing — deal signed in 2018

UBS — approx £7m per year
Financial services — deal signed in 2015

Qualcomm — approx £7.5m per year
Wireless technology — deal signed in 2015

Epson — approx £3.5m per year
Printing and communications — deal signed in 2015

IWC Schaffhausen — approx £1.5m per year
Swiss watches — deal signed in 2013

Wihuri — approx £1.5m per year
Packaging products — deal signed in 2017

Tibco — approx £1m per year
Analytics software — deal signed in 2018

TOTAL: £112m per year (NZ$216m)