5 richest F1 team principals on the current grid × Follow Us Create Notifications New User posted their first comment this is comment text Link Approve Reject & ban Delete Log in Manage your profile Editing Story Queue Video Queue Editing Stats Writer Home SEO Redirection Admin Wiki Edits Taxonomy Home Edit Site Menu Mapping Dashboard Tag Pages Community Social Feed Queue Feed Center Notification Center Affiliate Home Manage Pages Bottom Tagline Dash Timeless Stories Logout Formula 1 Listicle

5 richest F1 team principals on the current grid

By Khyati Yadav Modified 29 Sep 2022 Follow Us Comment Share Mercedes GP Executive Director Toto Wolff and Red Bull Racing Team Principal Christian Horner talk in the team principals press conference ahead of the F1 Grand Prix of Abu Dhabi at Yas Marina Circuit on December 10, 2021 in Abu Dhabi, United Arab Emirates (Photo by Bryn Lennon/Getty Images) Being an F1 team principal is not a cakewalk. An integral part of the team, they're the faces representing their respective outfits everywhere. While they're not drifting or scoring trophies from inside the car, their role is arguably even more difficult. An F1 team principal is responsible for practically all operations. These bosses are also the key contact between the FIA and their teams. Throughout a GP weekend, they don many hats. A Team Principal can act as an engineer, salary negotiator, diplomat, leader, or technician. In their pursuit of making the team victorious, these bosses carry heavy responsibilities on their shoulders. A lot depends on their vital decision-making, which can either make or break a team. However, the team principal's biggest job is getting the best out of their drivers. They act as the biggest link between the team and the driver. ahmed baokbah @ahmed_baokbahF1 mechanics negotiating a salary raise with team principals after seeing that 2023 Godzilla Calendar7F1 mechanics negotiating a salary raise with team principals after seeing that 2023 Godzilla Calendar https://t.co/UjxGwuJnG0 Amidst the increased likeability of F1 as a sport, these bosses have become a big center of attention. Some of these Team Principals have attracted special attention for their money inside and outside the sport. Many people want to know about their net worth, investments, etc.

1 Toto Wolff is F1 s richest Team Principal

Toto Wolff is the current Team Principal & CEO of Mercedes- AMG Petronas F1 team. His current net worth of $580 million makes him the wealthiest boss on the grid by a margin. Further, the Austrian currently gets paid a fixed salary of $9.1 million by the team. Wolff started his career as a racing driver himself. However, he soon pulled back from it, deciding to shift to business and investing. Notably, Toto's initial contact with Mercedes was in the form of an investment with HWA AG (the company responsible for racing the Mercedes Benz cars). Since then, Wolff has acquired a 30% stake in the team and became a managing partner, Executive Director, and Team Principal. Toto wolff edits@EditsWolff#totowolff #totomonday2#totowolff #totomonday https://t.co/XATx4Wn3S4 As of now, he has increased his ownership of the team to a 33%, as an investment from INEOS happened. His mega role in the team, including his brilliant leadership, has made him one of the most successful bosses in F1 history. Strikingly, he led the team to a sheer dominance of almost eight years.

2 Christian Horner is the highest-paid boss on the F1 grid

Christian Horner is the current Team Principal of the Red Bull F1 team, a position he has held since 2005. He has a total net worth of $50 million and has the highest salary on the current grid, $10 million. He has led the team to nine world title wins, including a brilliant four-year streak of double championship wins. The Briton initially started as a talented racer himself. However, he also soon shifted to a management-based role. sel@redEYEDmonst3r"When somebody's hearts not in it, irrelevant of pieces of paper or contract. You just gotta let him go" - Chrsitian Horner. Hmmm"When somebody's hearts not in it, irrelevant of pieces of paper or contract. You just gotta let him go" - Chrsitian Horner. Hmmm Horner then successfully succeeded in the Formula 3000, single-seater formula racing. Red Bull then turned to the young Horner to guide their team as a new entry into F1. Notably, the Briton had a remarkable first season with the team, securing seventh-place constructors finish. Since 2009, though, Red Bull has become unstoppable as they won four back-to-back championships. The team struggled quite a bit post-2013 but still maintained a respectable position in F1, securing many trophies. However, they are rebuilding themselves under Horner to become the fastest unit again.

3 Mattia Binotto has been with Ferrari for a long time

Mattia Binotto is the current Team Principal of the Scuderia Ferrari F1 team. He has a total net worth of around $5-$6 million and gets paid a salary of $3 million. He joined the team back in 1995 as part of their engineering department. The Swiss-Italian boss was responsible for creating one of the most dominating engines of his time. He was a big part of Ferrari's most dominative era that saw them win five championships back-to-back. Out of Context Mattia Binotto@OfMattiaMattia Binotto at #ilfestivaldellosport

"Our drivers are the strongest pair. But one shouldn't forget that they are kids. I have a relationship to build every day, we spend so much time together. There is a relationship of mutual trust and respect between us."

"kids"21212Mattia Binotto at #ilfestivaldellosport "Our drivers are the strongest pair. But one shouldn't forget that they are kids. I have a relationship to build every day, we spend so much time together. There is a relationship of mutual trust and respect between us." "kids" https://t.co/OaRSYlvXe7 Throughout his time with the Scuderia, the Italian has assumed many roles, spending major time with the power unit department. He was promoted to Chief Technical Officer in 2016 and was made Team Principal in 2019.

4 Andreas Seidl s short but progressive time with McLaren

Andreas Seidl is the current Team Principal of McLaren F1, joining the team in 2019. He is currently paid $2 million and has a net worth of $6.5 million to his name. The F1 Journal@thef1journal_Andreas Seidl says McLaren need big improvements ahead of 2023:

"With the technical regulations staying the same as well, it's pretty clear it won’t be a total revolution. But, at the same time, acknowledging that the teams in front are running more than a second quicker, it's10Andreas Seidl says McLaren need big improvements ahead of 2023:"With the technical regulations staying the same as well, it's pretty clear it won’t be a total revolution. But, at the same time, acknowledging that the teams in front are running more than a second quicker, it's Andreas joined McLaren after a successful tenure with Porsche at Le Mans 24 Hours. He also left a remarkable impression after being successful in the FIA World Endurance Championship for three consecutive years. Moreover, Seidl has some experience in F1, given he was a part of the BMW team from 2000-2006. He was also a part of the BMW-Sauber alliance from 2006-2009.

5 Otmar Szafnauer s long tenure in F1

Otmar Szafnauer currently acts as a Team Principal for the BWT Alpine Formula 1 team (since 2022). He is paid around $1 million by the team and has a net worth of almost similar numbers. He is one of the most experienced and skilled team Principals' given he started in 1989. Back then, the engineer became a Racing programs manager for Ford. He also had a brief stint as a racing driver during this time. The F1 Journal@thef1journal_Alpine CEO Laurent Rossi heaps praise on Otmar Szafnauer:

“Otmar is the boss & that's always been the case since he arrived. We had a bit of a transition period for me to handover a couple of matters, but Otmar is, one of the hires I'm most proud of. He's delivering every day4Alpine CEO Laurent Rossi heaps praise on Otmar Szafnauer:“Otmar is the boss & that's always been the case since he arrived. We had a bit of a transition period for me to handover a couple of matters, but Otmar is, one of the hires I'm most proud of. He's delivering every day His Formula 1 experience dates back to 1998 when he became the first Operations Director for BAR (British American Racing). He then went on to work with the Honda F1 Team as well. Later, the Romanian spent a long time with Force India and was also a part of the team throughout its rebrand. In 2022, he and Aston Martin parted ways for Alpine to welcome the engineer. Undoubtedly, assuming the role of a Team Principal is sheer hard work and dedication. Many have tried and tested, but these are the few who have currently made it big in the sport. What's your favorite race of the 2022 season so far? Tell us in the comments below.. Poll : 0 votes Quick Links More from Sportskeeda Edited by Srijan Sen × Feedback Thank You! Be the first one to comment Follow Us Share Show More Comments GIF Comment in moderation 0 0 Reply x Edit Delete Delete the comment? No thanks Delete GIF Cancel Update GIF Cancel Reply ❮ ❯ GIF Comment in moderation 0 0 Reply x Edit Delete Delete the comment? No thanks Delete GIF Cancel Update GIF Cancel Reply ❮ ❯ Be the first one to comment on this story More from Sportskeeda Fetching more content... 1 Manage your profile Editing Story Queue Video Queue Editing Stats Writer Home SEO Redirection Admin Wiki Edits Taxonomy Home Edit Site Menu Mapping Dashboard Tag Pages Community Social Feed Queue Feed Center Notification Center Affiliate Home Manage Pages Bottom Tagline Dash Timeless Stories Logout No Results Found Get the free App now Manage notifications Popular ‍ Sports (30+) CricketCricket HomeScheduleT20 World CupT20 warm upIND vs SAENG vs PAKAUS vs ENGLegends LeagueECS T10 CroatiaWBBL 2022ECC T10SMAT 2022Bukhatir LeagueNZ T20 Tri-SeriesWomen's Asia Cup 2022ECT10 FootballFootball HomeNewslettersSK Experts ScheduleEPLNations LeagueLa LigaLigue 1Champions LeagueFIFA WCMLS Bundesliga Serie A WWEWWE HomeNewslettersRumor RoundupRAWSmackDownResultsRosterChampionsWWE Crown Jewel 2022PPV ScheduleAEW EsportsEsports HomeMinecraftOverwatch 2RobloxGenshin ImpactFortniteGTAStreamersFree FirePUBGValorantBGMIPop CultureAnimeGaming TechWiki Guides TennisTennis HomeTennis calendarTennis Results TodayATP RankingsWTA RankingsRoger FedererRafael NadalNovak DjokovicSerena Williams MMAMMA HomeUFC NewsONE ChampionshipUFC Fight NightScheduleRankingsResultsUFC Fights TonightONE Championship ResultsONE Championship ScheduleONE Championship Rankings KabaddiKabaddi HomePKL 2022PKL SchedulePKL Points TableKabaddi Rules WikiWiki HomeMinecraft WikiNaruto WikiTikTok WikiYoutube WikiGTA WikiTerraria WikiOne Piece Wiki MoreSportsBasketballIndian FootballNFLMinecraftFormula 1NascarPop CultureCollege FootballHockeyGolfAthleticsBadmintonGymnasticsWrestlingSwimmingTennisShootingBoxingArcheryWinter SportsRobloxFree PicksSkateboardingKho KhoLifestyle LINKS About Us Write For Us Policies Editorial Standards Journalism Awards Fact Check Affiliate Program Careers CSR Privacy Policy Contact Us Edition: English हिन्दी