F1 is one of the richest sports competitions in the world and thus consists of some of the wealthiest people across different backgrounds.
11. Toto Wolff - $2.5 Billion (Mercedes-AMG Petronas)
Toto Wolff is the principal owner of the Mercedes-AMG Petronas Formula 1 franchise. His net worth is $2.5 billion, according to figures from Forbes. He holds a 33 per cent stake.
His journey in Formula 1 began with Williams F1, where he initially invested and acquired a significant stake in the team before switching to the Mercedes-AMG Petronas Formula One Team in 2013.
Toto Wolff is an Austrian investor and former racing driver. He started his career in the finance industry with the establishment of Marchfifteen in 1998 and Marchsixteen in 2004.
The Mercedes-AMG Petronas F1 Team is the German Formula One team. Toto Wolff (30%), Ineos (33%), and Daimler AG (37%).
10. Michael Latifi - $3.5 Billion (McLaren Formula 1)
Michael Latifi is a Canadian businessman and investor. He is the founder and owner of the Canadian food processing company Sofina Foods. He acquired a 10% stake in McLaren's Formula 1 team in 2018 for about $270 million.
According to figures from Forbes, Michael Latifi has a net worth of $3.5 billion. His wealth is mainly accrued from his ownership of Sofina Foods.
9. Lawrence Sheldon (Lawrence Stroll) - $3.8 Billion (Aston Martin Formula 1)
Lawrence Stroll is a Canadian businessman who is a part-owner and executive chairman of the Aston Martin Formula One team. He has a net worth of $3.8 billion, according to figures from Forbes.
Lawrence Stroll was one of the key people behind the success of the fashion brand Michael Kors, where he initially made his fortune by selling his shares before investing in Formula One racing.
Following the sale of his shares in the fashion brand, he led a group of investors to buy the Force India F1 team for £90 million. He further went on to invest heavily in the Aston Martin luxury car company and was later made an executive in the team. This move later led to the rebranding of his F1 franchise to Aston Martin Formula One Team.
Stroll is a Canadian who had heavily invested in the fashion industry with top brands like Pierre Cardin and Ralph Lauren.
8. Piero Ferrari - $7.8 Billion (Ferrari)
Piero Ferrari is an Italian businessman and sports personality. He currently owns 10.48% of the Ferrari automotive company. He also owns 13.2% of the Ferretti Group. According to figures from Forbes, his net worth is $7.8 billion. Ferrari is one of the most successful F1 teams, known for its quality and strong reputation.
7. Sir James Ratcliffe - $17.2 Billion (Mercedes-AMG Petronas F1 Team)
Sir James Ratcliffe is a British businessman known for his role as a chemical engineer and founder of the INEOS chemicals group. He has an estimated net worth of $17.2B, according to figures from Forbes Magazine.
He owns businesses in the oil and natural gas industry as well as sports teams, including Manchester United of the English Premier League and OGC Nice in France.
Sir Jim Ratcliffe is the majority owner of Ineos Group, the company producing synthetic oils and plastics for solvents with operations in the oil and gas field through subsidiary companies.
In sports, he owns the Swiss soccer club Lausanne-Sport, OGC Nice in France, the Team INEOS cycling team and New Zealand Rugby.
6. Abu Dhabi’s CYVN Holdings, McLaren ($17.6 billion)
Abu Dhabi-based CYVN Holdings is the majority owner of McLaren Formula 1 Racing. The company acquired full ownership of McLaren Group in 2024. It is currently valued at $17.6 billion.
McLaren Racing is also one of the household names in the Formula One franchise, with major success throughout its history.
5. Groupe Renault - $31.6 billion (Alpine F1)
Groupe Renault is a French multinational corporation and automobile manufacturer known for its production of cars, trucks, and coaches. It is the richest team owner in the Formula franchise today with an estimated net worth of $31.6 billion.
4. Mark Mateschitz - $43.6 Billion (Red Bull Racing)
Mark Mateschitz is the wealthiest individual owner in the F1 franchise. He is one only child of the late Austrian billionaire Dietrich Mateschitz, who co-founded Red Bull in 1987.
Mark inherited a 49% stake in Red Bull GmbH following the passing of his father.
Red Bull is arguably one of the biggest Formula 1 franchises with significant investments. It currently owns two franchises, namely Red Bull Racing and Visa Cash App Racing Bulls.
Red Bull Racing is currently one of the most successful Formula One brands with multiple Constructors’ and Drivers’ Championships.
3. Chalerm Yoovidhya - $44.5 Billion (Red Bull)
Chalerm Yoovidhya is a Thai businessman and co-owner of Red Bull GmbH. He and the family have a massive net worth of $44.5 billion.
Chalerm Yoovidhya is one of the owners of Red Bull Racing and VCARB through Red Bull GmbH. He owns a small stake in the 51% owned by the family.
2. Volkswagen Group - $46.85 billion (Audi Revolut F1 Team)
Audi acquired Sauber Group, which runs the Stake F1 team, and rebranded it as the Audi Revolut F1 Team, which will take effect from the 2026 season.
Audi is one of the units of Volkswagen Group, a German auto manufacturing giant known for its manufacture of elite cars, from passenger to luxury cars.
1. Mercedes-Benz Group AG - $54.6 billion (Mercedes-AMG Petronas Formula One Team)
Mercedes-Benz Group AG is a German automotive company, one of the world's leading car manufacturers, with famous and household brands such as Mercedes-Maybach, Mercedes-AMG and Mercedes-Benz.
Mercedes-Benz Group AG is the richest owner in the Formula One franchise, even though major players like Toto Wolff and James Ratcliffe hold shares as well in the racing team.
The Mercedes-AMG Petronas F1 Team is the German Formula One team. Toto Wolff (30%), Ineos (33%), and Daimler AG (37%).