How much does the principal of Ferrari make?
Fourth on the list is ferrari’s frederic vasseur. He earns $5. F1 team of all time. Vasseur took over for mattia binotto in 2023, and ferrari recorded its first win under his leadership at the singapore grand prix. Mattia binotto left his position as ferrari team principal following the disappointing end to the 2022 campaign; he will now return to formula 1 to head up the audi project following its takeover of sauber.As a result, Mattia Binotto retires from Scuderia Ferrari to help the team continue to grow. Mattia Binotto states that he is leaving a company he loves but thinks the team is growing and ready to achieve its highest goals.Formula One CEO Stefano Domenicali sympathises with former Ferrari team principal Mattia Binotto and hopes the team can find the right solution moving forward. Mattia Binotto left Ferrari because finishing second is not enough for the Italian team, according to F1 chief and former Ferrari boss Stefano Domenicali.
Who is the richest principal in F1?
Toto Wolff is widely considered one of the richest figures in Formula 1 management. His net worth is estimated at $2. Mercedes-AMG Petronas F1 Team. 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.Toto Wolff (Mercedes) – £1. As well as being the Mercedes team principal, he also owns one-third of the F1 team.
How much do F1 principals make?
How much does a F1 Team Principal make? As of Jan 25, 2026, the average annual pay for a F1 Team Principal in the United States is $109,393 a year. F1 team principals earn anywhere from $1-10 million, and the amount they earn depends largely on how well the team performs, how much experience they have, and how many key roles they play in the team. The highest paid team principal is Christian Horner, earning around $10 million per year.