Richest team owners in F1 (2023)

Formula One, the highest class of open-wheel single-seater racing, has been around since 1950. It is one of the most expensive sports. The sport has the 20 best drivers in the world, and some of them are the highest-paid athletes. There is a significant amount of money flow in Formula One. It earns millions of dollars. The teams get their fair share of income from various sources. From sponsorship deals to prize money.

This high-class racing attracts the best organizations in the world. Everyone wants to be associated with the sport, thanks to its growing popularity. The Netflix series Formula One: Drive to Survive has contributed to sports blowing up globally. This led to an increase in the money flow. The team owners are some of the richest people in the world. 

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Here is a list of the richest team owners in Formula One.

1. Groupe Renault, Alpine ($51.3 billion)

The richest team owner is the Groupe Renault. It is a French multinational automobile organization. This company owns Alpine, the French Formula One team. It has a total net worth of $51.3 billion. They have been manufacturing automobiles since 1899. Private shareholders own more than 62% of Groupe Renault. There is a cross-ownership agreement between Nissan and the French company, each owning 15%

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2. Chalerm Mateschitz, Red Bull ($24.7 billion)

Chalerm Mateschitz is the majority stakeholder of Red Bull. His billionaire father, Dietrich Mateschitz, built the multi-billion dollar empire. He passed away in 2022, making his son the wealthiest owner. Red Bull honored him after their race win. Chalerm Mateschitz owns Oracle Red Bull Racing and AlphaTauri, which act as the next step for Red Bull Junior drivers aiming for F1 entry. He has a net worth of $24.7 billion. He owns 51% of the share in the two Formula one team. 

3. Bahrain Mumtalakat Holding Company , McLaren ($18.7 billion)

The largest shareholder of the McLaren Group is the Bahrain Mumtalakat Holding Company. Their net worth is $18.7 billion. They own the majority of 56%, of the McLaren Group. The McLaren Formula One team falls under this. Their revenue comes from oil and gas and also other investments. The royal family of Bahrain owns McLaren. However, it is a public company.

4. Stefan Persson, Alfa Romeo ($16.4 billion)

Stefan Persson is the co-owner of the Alfa Romeo team. He has a net worth of $16.4 billion. He has a 36% stake in the fashion retailer Hennes & Mauritz, popularly known as H&M. He inherited it from his father, Erlin Persson, who founded the company in 1947. Stefan has partial ownership of the Formula One team.

5. James Ratcliffe, Mercedes ($18 billion)

Sir James Ratcliffe is a British billionaire. He is the chairman and CEO of INEOS chemical group. They are the majority owners of the Mercedes AMG Petronas Formula One team. He has a net worth of $18 billion, according to the Sunday Times list. Ratcliffe has his eyes on other sports as well. Record world champions Lewis Hamilton and Michael Schumacher have raced for the team. It has also given opportunities to world champion Nico Rosberg and superstar drivers George Russell and Valtteri Bottas.

6. Finn Rausing, Alfa Romeo ($10.2 billion)

Finn Rausing is a billionaire heir who co-owns Sauber motorsports and the Formula One team Alfa Romeo. He has a net worth of $10.2 billion. He co-owns with his brother and sister. His father was Gad Rausing, a Swedish Industrialist. He founded the largest food packaging company in the world, Tetra Pak.

7. Piero Ferrari, Ferrari ($5.5 billion)

Piero Ferrari is an Italian businessman. He holds a net worth of $5.5 billion and is a partial owner of the historic Formula One team, Ferrari. His father, Enzo Ferrari, was the iconic founder of the team. Piero owns a 10.26 percent stake in Ferrari. He proudly holds the ownership of the Formula One team, Ferrari. Michael Schumacher is the most dominant champion of the team’s history. Fan favorites Kimi Raikkonen and Fernando Alonso have also driven for the team.

8. Lawrence Stroll, Aston Martin ($2.9 billion)

Lawrence Stroll is a popular figure spotted in the paddock. He owns Aston Martin. The businessman has a net worth of $2.9 billion. Stroll has expanded his business outside motorsports as well. He made investments in retail. His son Lance Stroll is one of Aston Martin’s drivers. Stroll is a successful entrepreneur. F1 World Champions Sebastian Vettel and Fernando Alonso have driven for the team. 

9. Karl Persson, Alfa Romeo ($1.4 billion)

Karl Persson is a co-owner of Alfa Romeo. His net worth is approximately $1.4 billion. His father, Stefan Persson, also co-owns the team, as mentioned earlier. Karl Johan Person inherited the fortune from his father. This father-son duo has partial ownership over the Formula One team Alfa Romeo.

10. Toto Wolff, Mercedes ($440 million)

Toto Wolff, the Mercedes team principal, is also a co-owner of the team. His net worth is estimated to be around $440 million. Wolff owns a 33 percent stake in the team. He is a brilliant businessman who has given speeches at Harvard. Wolff has been a part of the company since 2013.

Besides everyone mentioned above, Gene Haas, the founder of the Haas Formula One team, and Haas Automation and Former Formula 1 Group CEO Bernie Ecclestone are among the wealthiest people associated with Formula One. Hass has a total net of $250 million, while Ecclestone has a $3 Billion Net worth. He also fields cars for Stock car racing drivers in NASCAR and is co-owner of Stewart Hass Racing. 

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