What happened to Zak Brown McLaren?
McLaren Racing and other ventures In 2016, Brown was announced as executive director of McLaren Technology Group, and in 2018 he became the chief executive officer of McLaren Racing under an operational restructuring. At present, Zak Brown serves as CEO of McLaren Racing. He is not an owner, but his role represents the link between shareholders and the track.Speaking to media, Brown stated: We’re all done. The sale means that the Bahraini sovereign wealth fund Mumtalakat and CYVN Holdings now have 100% ownership of McLaren Racing.Now the largest shareholder of the McLaren Group is the Bahrain Mumtalakat Holding Company, the sovereign wealth fund for the Kingdom of Bahrain. In other words, McLaren is primarily owned by the royal family of Bahrain, though it remains a public company.
What is Zak Brown’s role at McLaren?
Architect of McLaren’s return to the top of F1, winning the Constructors World Championship in 2024. As CEO, Zak has overall responsibility for the business, including strategic direction, operational performance, marketing and commercial development. In 1984, a teenager named Zak Brown won $3,050 on Wheel of Fortune and spent it on a go-kart — his first real step into racing. That modest win fueled a lifelong passion that would one day take him to the top of the motorsport world as the CEO of McLaren F1 Racing.McLaren CEO Zak Brown received a staggering $50. Formula One constructors’ championship — its first in more than a quarter century, according to financial filings.Zak Brown’s estimated net worth is approximately $100 million, although this may fluctuate depending on the estimates of his business ventures and investments. Much of his net worth is generated from the sale of his marketing company, as well as his continuous income from his position as head of McLaren.
How did Zak Brown get rich?
How did Zak Brown make his money? Due to Zak Brown’s professional race career and skills in the motorsports business and commercial worlds, he founded JMI in 1995. This marketing company focused on motorsport and later became the largest and most successful motorsport marketing agency in the world. In 1995, he founded Just Marketing International (JMI), which grew to become the largest motorsport marketing agency in the world. In 2013, JMI was acquired by CSM, a division of Chime Communications Limited, and Brown became the company’s CEO.Born and raised in California, Zak raced professionally around the world for 10 years before developing his skills in motorsport’s business and commercial worlds. In 1995, he founded JMI, which grew to become the largest and most successful motorsport marketing agency in the world.
What does Zak Brown do now?
In 2005, Zak was named Promo Marketer of the Year and in 2011, he was inducted into the SportsBusiness Journal Forty Under 40 Hall of Fame. Today, Zak is the Chief Executive Officer of McLaren Racing, a force at the forefront of Formula One and a recurring figure on the Power F1 list. Zak Brown owns a Porsche 962, a Lancia LC2, and a McLaren M8D Indy car, among others. All of the F1 cars in his ownership are still fully functional and could be run around the track if he decided to go for a nostalgic spin.