Max Verstappen’s jet costs £1m-a-year and used to be owned by Richard Branson

Formula 1 World Champion Max Verstappen owns a luxurious private plane which costs more than £1 million per year in upkeep.

It's understood the 24-year-old paid around £12million for the Falcon-900EX a couple of years back, which used to be owned by British billionaire tycoon Sir Richard Branson, who owns Virgin.

The Dutchman reportedly cruises from race to race in the jet, which is capable of speeds of up to 895km/h, and even gives Red Bull teammate Daniel Ricciardo a lift from time to time.

Up to 12 passengers can fit on board, with two seats able to be reclined to make a full-size bed. There's also a fully stocked bar as well as a luxury bathroom and shower.

Certainly not the worst to travel.

The £1 million-a-year maintenance costs barely put so much as a dent into Verstappen's fortune, with the driver amassing an estimated net worth of £45 million already.

Last month, he sealed his maiden F1 world title, snatching victory from the jaws of defeat after dramatically overtaking fierce rival Lewis Hamilton on the final lap of the final Grand Prix of the season – denying the Brit a record eighth championship.

It was a triumph ultimately shrouded in controversy after a safety car restart allowed Verstappen to make up a 16-second gap between himself and Hamilton.

If you had the money, which would you prefer to buy – a private jet or a yacht? Let us know in the comments section…

The two drivers unprecedently went into the final race level on points with each other, effectively meaning that whoever won the race would win the championship.

As far as climaxes go, it doesn't get much better than that.

Mercedes are still attempting to challenge the result and Hamilton has reportedly been considering retirement, having allegedly grown disillusioned with the sport since the controversy.

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