A chip package structure including a chip, a circuit layer, a passive element material and a substrate is provided. The circuit layer is disposed on a surface of the chip, wherein the circuit layer includes a plurality of bumps and a plurality of passive element electrodes. The bumps and the passive element electrodes have the same material, and the passive element electrodes are electrically connected with part of the bumps. The passive element material is disposed between the passive element electrodes, so that the passive element electrodes and the passive element material form a passive element located on the surface of the chip. The chip is disposed on the substrate and faces the substrate by the surface, so that the chip and the passive element are electrically connected to the substrate through the bumps. A method of manufacturing the chip package structure aforementioned is also provided.