How do Formula 1 billionaires rank on the Forbes Top 500 richest list? To start with, none make it into the top 100 of the list, topped by Elon Musk and the usual mega-rich suspects.
Maverick businessman and astute investor, as well as social media troll, South African X-owner (formerly Twitter) Musk is known for his key roles in the space company SpaceX and the automotive company Tesla, Inc.
Musk is the world's richest person, whose worth is staggeringly obscene at $262-Billion, followed by Jeff Bezos at $208-Billion, Mark Zuckerberg at $203-Billion, Bernard Arnault at $196-Billion, Larry Ellison at $180-Billion, and rounding out the half-dozen wealthiest is Bill Gates at $162-Billion.
Of the F1 billionaires, among the most famous being the late Dietrich Mateschitz, whose Red Bull company turned his F1 dream into a reality and with it launched one of the most powerful motor racing empires in the sport's history, the
Red Bull Racing F1, the crown jewel of Didi's project.
Mateschitz's 32-year-old son inherited his father's wealth when he passed away in 2021 and thus tops the list of billionaires with substantial interests in Formula 1.
105th: Mark Mateschitz ($20.6-Billion), who inherited 49% of Red Bull’s parent company following the passing of his father, Dietrich Mateschitz, in 2022, has recently been recognised as the world’s wealthiest young billionaire by Forbes magazine. Mateschitz, whose late father founded Red Bull's Formula 1 team, has also made his entrepreneurial mark, launching an energy drinks company, Thalheimer Heilwasser GmbH, in 2018.
109th: Stefan Persson ($20-Billion), co-owner of the Alfa Romeo Formula 1 team, is set to see the team transition under Audi's ownership in 2026. Persson, 76, is widely recognised for his longstanding association with H&M, having served as chairman of the budget fashion retailer until 2020. Despite stepping down from the role, he continues to hold a significant stake in the global clothing chain.
111th: Sir Jim Ratcliffe ($19.3-Billion), who recently acquired a partial stake in Manchester United and assumed control of its football operations, also has a significant presence in Formula 1. His company, INEOS, owns a third of the Mercedes F1 team.
290th: John Malone ($9.6-Billion), 83, purchased the Formula One Group in 2017 through his Liberty Media group, gaining control of the sport’s commercial arm. Under Malone’s leadership, Formula 1 has seen a surge in popularity, particularly in the United States, which now hosts three races. Malone also holds a controlling stake in the Atlanta Braves baseball team.
294th: Piero Ferrari ($9.5-Billion), the only living son of legendary Ferrari founder Enzo Ferrari, maintains a 10% stake in the iconic Italian car company. Now 79, Ferrari played a crucial role as a translator for his father, who did not speak English and has remained involved with Ferrari's F1 legacy.
Not on the latest Forbes Richest Top 500 list, here are other billionaires with substantial interests in Formula 1:
Finn Rausing ($7.5-Billion), the heir to the Tetra Pak packaging empire, is another prominent figure in F1. The 68-year-old Swede, who is associated with Alfa Romeo's F1 team, is expected to retain a 25% stake in the team when it transitions to Audi.
Lawrence Stroll ($3.9-Billion), executive chairman of the Aston Martin F1 team, wields significant influence within the sport. Thanks to his leadership, his son Lance Stroll races alongside two-time F1 world champion Fernando Alonso, securing a prominent family legacy in Formula 1.
John Elkann ($2.7-Billion), Italian industrialist. In 1997, he became the chosen heir of his maternal grandfather Gianni Agnelli, following the death of Gianni's nephew Giovanni Alberto Agnelli, and since 2004 has been leading the Agnelli family, an Italian multi-industry business dynasty.
Bernie Ecclestone ($2.4-Billion), now 93, remains a pivotal figure in F1’s history. The former CEO, who led the sport for nearly 40 years, helped transform Formula 1 into the global spectacle it is today. Ecclestone stepped down after Liberty Media’s acquisition of the series but continues to be a controversial figure in the sport's history.
Toto Wolff ($1.6-Billion), at 52, remains the public face of Mercedes' F1 team. Wolff, who owns a third of the team, has hinted at a desire to eventually step back from day-to-day management but has affirmed his commitment to remaining as team principal despite the team's recent struggles.
In comparison, F1 drivers are relative 'paupers' compared to the above-mentioned, with 39-year-old seven-time F1 World Champion Lewis Hamilton's net worth estimated to be $285-Million, followed by two-time World Champion, 43-year-old Fernando Alonso, at $260-Million, followed by 27-year-old triple F1 World Champion Max Verstappen at $210-Million.
F1 legend Michael Schumacher, not seen in public for over a decade, is currently reportedly worth between $500 and $600-Million and remains the highest-earning driver in F1 history. At the time of his death, Ayrton Senna was reportedly worth $200-Million, which was a huge amount for the time and estimated at almost half a billion in today's money.