Meet F1’s billionaire’s with estimated net worth of over £100billion combined

Formula One is notoriously known for requiring considerable funding in order to become successful within the sport, an aspect that has often been criticised.

Seven-time world champion Lewis Hamilton was only able to rise through the go-karting circuit as a youngster thanks to his dad working multiple jobs.

Hamilton told Spanish outlet AS in May that “If I were to start over from a working-class family, it would be impossible for me to be here today."

He has also previously labelled the sport a "billionaire boys' club" in reference to the mega-rich chiefs and sponsors that dominate the sport, but who are F1's billionaires?

Carlos Slim

Mexican businessman Carlos Slim is the owner of Red Bull sponsors Claro's parent company and has also provided funding for driver Sergio Perez since his karting days.

Valued at $71billion by Forbes, Slim has formed a close relationship with his compatriot Perez down the years as Perez broke into F1 before joining Red Bull this year.

Perez has previously called Slim his father, friend and support system in a series of social media posts, showing the unique bond they have.

Dietrich Mateschitz

Red Bull co-founder and CEO Dietrich Mateschitz also owns the Red Bull Ring in Austria, which has hosted the Austrian Grand Prix every year since 2014.

The soft drink tycoon has a net worth of $27.5billion and oversees the performances of the Red Bull and AlphaTauri Formula One teams.

Since joining F1 in 2005, Red Bull Racing have claimed four Constructors' and Drivers' Championships with them all coming in consecutive seasons between 2010 and 2013.

Sir James Ratcliffe

Sir James Ratcliffe, who is worth $16.3billion owns British petrochemical firm Ineos, which purchased a 33% stake in Mercedes in December 2020.

Ineos have also sponsored the team since April 2020, when they signed a five-year deal worth $128million.

The remainder of the team's ownership is split between German car manufacturer Daimler AG and team principal and CEO Toto Wolff.

John C. Malone

The Formula One Group, which oversees the sport's commercial rights was purchased by John C. Malone's Liberty Media in 2017 in a deal worth $4.4billion.

American telecom tycoon Malone is worth $7.7billion himself and has previously been nicknamed the "Cable Cowboy" while he reportedly works on increasing US interest in F1 via more stateside races.

Liberty Media also own the Atlanta Braves baseball team and have a controlling stake in radio network SiriusXM.

Stephen Ross

As well as being a well-known Republican party donor and the owner of NFL franchise, the Miami Dolphins, Stephen Ross has used a fraction of his $7billion fortune to secure the first grand prix held in Miami for next season.

The race will take place at the Hard Rock Stadium within the newly constructed Miami International Autodrome.

Ross' wealth comes from the real estate company he founded, Related Companies, and he also owns fitness companies SoulCycle and Equinox Fitness.

Antony Ressler

Antony Ressler is a part-owner of British racing team McLaren, with his private-equity firm Ares Management having been part of a consortium that purchased a 15% stake in December 2020.

Ressler is valued at $5billion and was born in the American capital of Washington D.C.

His company's stake in McLaren is set to increase by the end of 2022, when they will own 33% of the team.

Bernie Ecclestone

Former Formula One CEO Bernie Ecclestone has a net worth of $3.4billion and left his role when Malone's Liberty Media purchased the group in 2016.

He does, however, remain influential within the sport and is regularly spotted attending races having worked as chairman and as an advisor before racial remarks saw his contract not be extended.

Ecclestone has been a part of the sport for over forty years but has remained tight lipped on the end of his tenure as CEO, only telling German press in 2017 that "I was dismissed".

Lawrence Stroll

Aston Martin executive chairman Lawrence Stroll is valued at $3.2billion and is the father of driver Lance Stroll, who races for his team.

Stroll's wealth was built by his stewardship of US fashion brand Michael Kors.

He has a 16% stake in Aston Martin via the April 2020 merger of the team with Racing Point, who he owned and had invested $238million into in January of last year.

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