Who is the richest F1 team principal?
Toto Wolff is the richest F1 team principal on the 2025 grid. In April 2023, Forbes listed the Mercedes CEO and team principal as having become a billionaire, making it onto the official Sports Billionaires list for the first time. Toto Wolff’s salary as Mercedes Team Principal & CEO Toto Wolff earns a reported sum of $26 million annually from his Mercedes Team Principal salary (plus an undisclosed amount as chief executive). Despite being a part-owner, he’s also still eligible for certain performance bonuses.Some F1 legends like Lewis Hamilton and Michael Schumacher came from a humble background and reached glory. Many fans think F1 is a sport for the rich and only people with a lot of money and fame can become F1 drivers.Who is the richest Formula 1 driver ever? Michael Schumacher is thought to be the highest-paid Formula 1 driver of all-time. He is also one of the highest-earning sportspeople ever.Toto Wolff’s net worth is a testament to his success in both the world of finance and motorsport. His wealth comes from his various business ventures and his stake in the Mercedes-AMG Petronas Formula One Team. While precise figures are hard to come by, a Forbes report estimates his net worth is well over $1 Billion.
Who is the CEO of Audi F1 team?
Audi have announced an organisational restructure as they prepare for their Formula 1 debut in 2026, with Mattia Binotto expanding his responsibilities as Head of Audi F1 Project while Christian Foyer joins in the newly created position of Chief Operating Officer amid the departure of Chief Executive Officer Adam Baker . Formerly the team principal of Scuderia Ferrari in Formula One from 2019 to 2022, he has been the chief operating officer (COO) and chief technical officer (CTO) of Sauber Motorsport since 1 August 2024. Since 5 May 2025, Mattia has been the Head of the Audi F1 Project.Binotto bears ultimate responsibility for that failure. He did much that was good and no doubt changed Ferrari’s working culture for the better. But he didn’t properly fix the F1 team’s weaknesses, and it’s difficult to argue Ferrari is more effective as a title-challenging operation now than it was in 2017 and 2018.While Scuderia Ferrari showed promise for the 2022 season early on, it was clear that there was room for improvement. As a result, Mattia Binotto retires from Scuderia Ferrari to help the team continue to grow.
Who is the richest F1 driver?
The top five richest Formula 1 drivers in 2025 are Lewis Hamilton, Fernando Alonso, Max Verstappen, Charles Leclerc, and Carlos Sainz. Hamilton leads with $434 million, followed by Alonso’s $240 million. F1 is a results-oriented business, so it’s no surprise that Red Bull’s Max Verstappen is reportedly the highest-paid driver on the grid. The Dutchman is set to earn $65 million in 2025 as he chases his fifth successive drivers’ championship. Seven-time world champion Lewis Hamilton sits closely behind Verstappen.After the 2023 F1 season, Wolff signed a new three-year deal to stay on as the team principal and chief executive of the Mercedes team. As of 2023, Wolff’s net worth is estimated at US$1.At the peak of his career, he made $80-$100 million per year. After retiring in 2006, the German returned to F1 in 2010 when he joined Mercedes. Schumacher hung up his gloves for good in 2012, but his brand has continued to grow since, with his net worth currently estimated at around $780 million.Carlos Sainz net worth: $50m The Spaniard has been in F1 since 2015, this year marking his 11th in the sport. He was one of the highest-earning drivers in 2024, according to Forbes, though it is unclear what the nature of his Williams deal is offering him.
Who in F1 is a billionaire?
Toto Wolff net worth – $1. Prominent American business magazine Forbes listed Mercedes CEO and team principal Wolff as having hit the landmark of becoming a billionaire in April 2023, making it onto the official list of Forbes Sports Billionaires for the first time. Formula 1 is as much about business as it is about racing, with the top teams boasting valuations in the billions. In 2025, Ferrari leads as the richest team ($4. Mercedes ($3. Red Bull Racing ($3. McLaren ($2. Aston Martin ($2.The net worth of Michael Schumacher The German was the first athlete ever to become a billionaire. At the peak of his career, he made $80-$100 million per year.The Ferrari Formula One car that Michael Schumacher used to win the 2001 Monaco and Hungarian grands prix — and clinch that year’s world title — has sold for $18. F1 car driven by the legendary German driver ever sold at auction.According to Forbes, F1 achieved total revenues of $3. In our latest post to celebrate the 2025 F1 World Championship, the sport’s 75th season, we’ll explore the economics behind F1’s impressive financial performance.
What is the lowest salary in F1?
Who is the lowest-paid F1 driver? Naturally, rookie drivers are on smaller salaries. While they earn considerably less compared to the top drivers, they are still paid well for their services. Isack Hadjar (Racing Bulls) and Jack Doohan (Alpine) will both reportedly earn between $500k and $1 million in 2025. Alpine’s Jack Doohan and Racing Bulls’ Isack Hadjar are tied for the lowest 2025 salary, with the estimation between $500,000 and $1 million.