Who Are the Richest Billionaires Behind Formula 1
Who Are the Richest Billionaires Behind Formula 1

Between complex engineering and crashes that cost anywhere from $100,000 to $20 million, Formula 1 consumes cash like few other sports. Fortunately, the prestige and excitement of F1 attracts some of the deepest pockets in the world.

The Driving Financial Forces

The Driving Financial Forces
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First is Carlos Slim, owner of Red Bull team sponsor Claro. The mogul is worth approximately $71 billion and reportedly sponsored Mexican driver Sergio Perez from his early career until now.

Dietrich Mateschitz
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Dietrich Mateschitz has a net worth around $27.5 billion and is the cofounder and CEO of Red Bull. The energy drink company emerged as a dominant presence in F1 and has two teams, AlphaTauri and Red Bull, as well as a training ground, the Red Bull Ring, and a junior team.

John C Malone
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John C Malone is the billionaire behind Liberty Media, which oversees F1’s commercial rights through the Formula One Group since acquiring it for $4.4 billion in 2017. Known as the Cable Cowboy, Malone also owns the Atlanta Braves and has stakes in Stars Inc. and Lionsgate.

More Sponsors, Partners, and Owners

Sir James Ratcliffe
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Sir James Ratcliffe, owner of Ineos, is known as Britain’s petrochemicals giant and has a 33% stake in Mercedes. With Lewis Hamilton’s string of championship wins, Mercedes has become a dominant force on the track. In 2020, Ineos and Mercedes closed a sponsorship deal for $128 million.

Anthony Bamford
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Other wealthy forces behind F1 include Anthony Bamford, owner of JCB and sponsor partner of the Aston Martin Cognizant team as well as Swedish billionaire Finn Rausing, co-owner of the Alfa Romeo Formula One team.

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