What happened to the old Ferrari team principal?
Former ferrari team principal mattia binotto will lead audi’s formula one entry with current bosses oliver hoffmann and andreas seidl departing, the german manufacturer said on tuesday. After 23 years with ferrari, culminating with a stint as team principal of f1’s most famous team, domenicali was at peace with saying goodbye to the championship when he stepped down in 2014. But, like so many lifelong servants, the sport kept drawing him back in.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.Domenicali resigned as Ferrari team principal in April 2014. In October 2014, Domenicali was hired by Audi. He was also appointed as head of the FIA’s Single-Seater Commission. On 15 March 2016 he was appointed CEO at Automobili Lamborghini S. A. He was replaced by Stephan Winkelmann on 1 December 2020.Lewis Hamilton quipped “thank God he’s staying” when discussing Stefano Domenicali’s renewal as Formula 1 CEO. The Formula 1 boss committed his future to the sport until at least the 2029 season, with Hamilton commenting that the former Ferrari team principal is a “good, neutral leader” to have at the top of Formula 1.Stefano Domenicali (2008-2014) Domenicali took over his predecessor in 2008, leading the team to what is until now its final constructors’ championship. The drivers’ title was lost in the season-ending Brazilian Grand Prix, where Felipe Massa was famously defeated at the last second by Lewis Hamilton in the McLaren.
Who was the old team principal of Ferrari F1?
Since 2025, Binotto has been the head of the Audi F1 Project and chief operating officer (COO) and chief technical officer (CTO) of Sauber Motorsport; he formerly served as the team principal of Scuderia Ferrari in Formula One from 2019 to 2022. Binotto’s position after four seasons as principal is believed to have become untenable after he lost the confidence of the Ferrari president, John Elkann, following a season where the team was left looking helpless and, on occasion, amateurish by a dominant Red Bull and Max Verstappen.
Is Schumacher a billionaire?
Michael Schumacher became the first athlete to achieve billionaire status through his success in Formula 1 and substantial sponsorship deals. Despite a tragic skiing accident, his legacy as a celebrated driver and philanthropist continues to inspire, with an estimated net worth of $600 million. 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.Mercedes F1 boss Toto Wolff has cemented his status as a billionaire. Toto Wolff (GER) Mercedes AMG F1 Shareholder and Executive Director. Formula 1 World… Mercedes F1 team principal Toto Wolff has cemented his position as a billionaire after seeing his net worth skyrocket.In 2025, Formula 1’s richest teams are worth more than ever before. Ferrari leads the way at over $7 billion, with Mercedes and Red Bull close behind. McLaren and Aston Martin complete the top five, both showing major growth in recent years.Toto Wolff’s vast personal fortune is even larger than Lewis Hamilton’s. The Mercedes team principal was worth $1. April 2024, Forbes report. He officially became a billionaire a year earlier. Whereas Forbes report the driver is worth £300m.