Michael Schumacher's wife has sold their £25m private jet and holiday home after she reportedly accepted that her husband will never fully recover.

The former F1 champion's wife Corinna believes that he will "never fully recover to enjoy them again" after he suffered devastating brain injuries following a ski accident, according to a report in Schumacher's home country, Germany.

The 46-year-old record breaking racer remains immobile and cannot speak, and requires round-the-clock care at his mansion in Gland, Switzerland.

The report in German magazine Bunte, said: "She knows her husband, who requires care and therapy around the clock, will never enjoy these things again."

Corinna, 46, has taken over her husband's £500m business empire, which has reportedly caused friction between her and Schumacher's father, Rolf.

The report says she was forced to take over the business after realising that her husband will probably never return to full health.

"Corinna underwent a remarkable transformation – from his wife to the clan chief, a lady who trained as a sales clerk to the manager of a multimillions company," the report adds.

Schumacher is regarded as one of the most successful F1 drivers in history, winning seven world championships – more than any driver in history.

He became the only driver in Formula One history to finish in the top three in every race of a season and then also broke the record for most consecutive podium finishes.

According to the official Formula One website, he is "statistically the greatest driver the sport has ever seen".

Schumacher hit his head on rock, while skiing at the resort of Meribel in France in December 2013, and spent several months in a medically induced coma.

It is reported that his wife is also thinking of selling the family's chalet in Meribel, according to the report.

He came out of his coma last year in June, but has very little awareness of his surroundings and requires constant care.

His mansion home in Switzerland has been specially adapted for him, with a team of doctors, nurses and technicians working around the clock, reported the Express.