How much did Petronas pay Mercedes?
The partnership, which began upon Mercedes’ entry into Formula One in 2010, will also expand to include a greater focus on new sustainable technology solutions beyond the racetrack. It has been previously reported by Forbes that the agreement is worth US$75 million. The Haas Formula One team posted a profit of UK£6. US$8. December 2024, their highest since 2019. The team has long followed a business model of purchasing the maximum number of car parts allowed under the regulations from Ferrari.According to data analysed by the digital platform Sportico, Ferrari tops the list with an estimated valuation of 4. Mercedes (3. Red Bull Racing (3.LVMH stepping into Formula 1 in 2025 for a rumored annual sum of US$150 million is proof of that. Rolex has sponsored the biggest motorsport circus on Earth since 2011. Initially, the world’s biggest and most famous luxury watch brand paid US$10 million annually, which rose to US$50 million per F1 season.Aston Martin has officially sold its stake in its Formula 1 team, but fans won’t see the iconic green disappearing from the grid anytime soon. Despite carrying the team’s name, the automaker only owned a 4.
How much do Ferrari engineers get paid?
Engineering Ferrari Jobs (NOW HIRING) Oct 2025. The estimated total pay range for a Mechanical Engineer at Ferrari is $87K–$126K per year, which includes base salary and additional pay.The richest F1 driver in 2025 by estimated net worth is Michael Schumacher at about 600 million USD as of August 28, 2025, followed by Lewis Hamilton at about 520 million USD and Fernando Alonso at about 260 million USD.The pinnacle of F1 engineering, however, is the role of technical director, who has overall responsibility for track performance, aerodynamics and car design. At this level, salaries are upwards of £450,000 per year.
How much does Aramco pay for F1?
Saudi Aramco, one of the world’s biggest oil and gas companies, will pay between $40m (€36. Formula 1 over 10 years from 2020 to 2029. The truth is that the highest salary at Aramco is given to top executive management: The Chief Executive Officer (CEO) and President of the company: receives up to 7. Saudi Riyals, ranging between base salary, bonuses, and incentives, which is an excellent salary.
How much is a F1 mechanic paid?
The estimated average salary for a Trackside Mechanic at Formula 1 is £31,583 per year or £15 per hour, but some professionals have reported earning up to roughly £77,143 per year (90th percentile). The typical pay range is between £23,728 (25th percentile) and £46,344 (75th percentile) annually. The estimated total pay range for a Mechanic at McLaren Racing is £40K–£44K per year, which includes base salary and additional pay. The average Mechanic base salary at McLaren Racing is £42K per year. The average additional pay is £0 per year, which could include cash bonus, stock, commission, profit sharing or tips.McLaren posted a pre-tax profit of UK£37. US$50. UK£54. US$73. December 2024. This marks a significant increase from last year’s profit of UK£12. US$17.