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Monday, July 15, 2024

The Highest-Paid Formula 1 Team Principals

Christian Horner, Team Principal of Oracle Red Bull Racing, speaks at the Red Bull Fan Zone, a private event at Oracle headquarters, on Wednesday October 18, 2023.
Christian Horner, Team Principal of Oracle Red Bull Racing

Formula One racing has been hitting significant milestones in recent years. Each team is worth over $1 billion and the sport has generated over $550 million in revenue just in the first quarter of the year. 

The drivers earn the most money and attention, but the team principals manage a lot of critical moving parts. The top F1 team principals earn great salaries while navigating the pressure of ensuring every team member performs well on race day.

Christian Horner is the highest-paid Formula One team principal, earning $8 million annually. He’s been at the head of Red Bull Racing since 2005. Horner has helped lead Red Bull to thirteen world titles since becoming team principal.

Toto Wolff earns $7.1 million with Mercedes to come in second. He has led Mercedes to seven consecutive double championships from 2013-2020.

Wolff owns 30% of the team, and is estimated to have the highest net worth of any of the other team principals at $1.6 billion.

Third is Andrea Stella, making $5.2 million per year. The McLaren team principal was promoted to the position in 2022. He started his Formula One career as a performance engineer in 2000. He worked with the dominant Michael Schumacher for four years and joined McLaren in 2015.

Fourth on the list is Frederic Vasseur of Ferrari. He brings in $5 million as team principal of the winningest F1 team of all time. Vasseur took over for Mattia Binotto in 2023, and Ferrari recorded their first win under his leadership at the Singapore Grand Prix.

Tied for fifth are Laurent Mekies and Alessandro Alunni Bravi, earning $1 million each. 

Mekies has run the Visa Cash App RB team since the beginning of 2024. They’ve collected 28 points so far since the start of the season.

Alunni Bravi was named to his role with Stake (Sauber) in 2023. He joined the team initially in 2017 working as a Board Member and General Counsel.

Ranking The Highest-Paid F1 Team Principals

Here is the entire list of the highest-paid Formula 1 team principals. The list was compiled with data from Formula 1 and PlanetF1.

  • Updated: June 18, 2024
RankTeam PrincipalTeamTotal Compensation
1Christian HornerRed Bull Racing$8 million
2Toto WolffMercedes$7.1 million
3Andrea StellaMcLaren$5.2 million
4Frederic VasseurFerrari$5 million
T-5Laurent MekiesVisa Cash App RB$1 million
T-5Alessandro Alunni BraviStake (Sauber)$1 million

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