Is the Mercedes F1 team profitable?
The Mercedes Formula One team recorded a profit of UK£120. US$164 million) in their recently released accounts for the year that ended 31st December 2024. This represents a jump of 43. UK£83. US$104. F1 is a results-oriented business, so it’s no surprise that Red Bull’s Max Verstappen is reportedly the highest-paid driver on the grid. The Dutchman is set to earn $65 million in 2025 as he chases his fifth successive drivers’ championship. Seven-time world champion Lewis Hamilton sits closely behind Verstappen.Formula 1 is as much about business as it is about racing, with the top teams boasting valuations in the billions. In 2025, Ferrari leads as the richest team ($4. Mercedes ($3. Red Bull Racing ($3. McLaren ($2. Aston Martin ($2.Formula 1 was also home to one of the highest paid athletes in the world, former driver Michael Schumacher, who was a dominant force in the sport for years. Schumacher is also the highest-earning Formula 1 driver of all time.How Formula 1 teams make money. Several key factors contribute to Formula 1’s ability to generate massive revenue. These include sponsorships, race-day attendance, TV and social media viewership, and various commercial deals.
How much does a Mercedes F1 make a year?
From the data published by the UK’s Companies House, as published by Crash. Mercedes Grand Prix Limited, the parent company of the Mercedes F1 team, reported a turnover of approximately $856 million (£636 million) in 2024, which is a stark increase from 2023’s $735 million (£546. Mercedes AMG F1 Team’s total sponsorship revenue for the 2023 season is over $166. Petronas, which is an agreement valued at $65.Forbes estimates that at least ten billionaires, worth a collective $146 billion, are involved in F1 as of the 2021 season. Here’s a look at the sport’s wealthiest team owners, sponsors and other figures.Lewis Hamilton: $512 million (£385m) British racing legend Lewis Hamilton is recognised as one of the greatest F1 drivers of all time. He debuted in 2007 with McLaren, narrowly missing out on a World Championship title in his rookie season.The top five richest Formula 1 drivers in 2025 are Lewis Hamilton, Fernando Alonso, Max Verstappen, Charles Leclerc, and Carlos Sainz. Hamilton leads with $434 million, followed by Alonso’s $240 million.
What is the turnover of Mercedes F1?
Accounts for Mercedes-Benz Grand Prix Ltd show turnover reached £636m in the year to 31 December 2024, surging from £546. Pre-tax profits jumped from £115. Total debt on the balance sheet as of December 2024 : £8. Billion. According to Porsche’s latest financial reports the company’s total debt is £8. Billion. A company’s total debt is the sum of all current and non-current debts.Total debt on the balance sheet as of December 2024 : $88. Billion USD. According to BMW’s latest financial reports the company’s total debt is $88. Billion USD. A company’s total debt is the sum of all current and non-current debts.Mercedes-Benz Group AG net current debt for the quarter ending September 30, 2024 was $-2. B, a 0% increase year-over-year. Mercedes-Benz Group AG net current debt for the twelve months ending September 30, 2024 was $-5. B, a 1430.
How much does 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. Aramco’s involvement in Formula 1 began in 2020 when they signed a long-term global partnership deal with the racing series. It is rumored that the 10-year agreement is worth 45 million dollars per year. As a sponsor, Aramco aims to increase its brand visibility and recognition on the international stage.Every Formula One outfit is now worth more than US$1 billion as team valuations hit an average of US$2. Sportico’s latest rankings. Ferrari lead the way with a valuation of US$4. Mercedes at US$3. Red Bull round out the top three at US$3.
What is the annual profit of Mercedes-Benz?
Mercedes-Benz Group AG annual gross profit for 2023 was $37. B, a 3. Mercedes-Benz Group AG annual gross profit for 2022 was $35. B, a 1. Mercedes-Benz Group AG annual gross profit for 2021 was $36. B, a 24. BMW Group’s net profit dropped by 26. The automotive segment’s margin was 6.
Who funds the Mercedes F1 team?
Mercedes F1 Team – Mercedes-Benz Group, Toto Wolff and INEOS Both entities bought the remaining 24. Daimler assumed full control in 2012. The team had another ownership reshuffle in 2013 when Wolff joined from Williams and purchased a 30% stake. Mercedes F1 boss Toto Wolff has cemented his status as a billionaire. Toto Wolff (GER) Mercedes AMG F1 Shareholder and Executive Director. Formula 1 World… Mercedes F1 team principal Toto Wolff has cemented his position as a billionaire after seeing his net worth skyrocket.His wealth, estimated at around $1. Billion as of 2025, has been built through a combination of his role at Mercedes, personal investments, and strategic ventures in motorsports and beyond. While Wolff may not be richer than his star driver, Lewis Hamilton, his financial standing is nonetheless remarkable.Hamilton reportedly left Mercedes for Ferrari because the latter offered him a longer contract and more money.Lewis Hamilton signed a 2 year contract with the Ferrari. In 2025, Hamilton will earn a base salary of $60,000,000, while carrying a cap hit of $60,000,000.
Which F1 team is most profitable?
Scuderia Ferrari. As the oldest and most prestigious F1 team, Ferrari sits at the top of the financial rankings. With a legacy dating back to 1950, Ferrari’s brand recognition and commercial power make it the wealthiest team in the sport. Hamilton has won a joint-record seven Formula One World Drivers’ Championship titles—tied with Michael Schumacher—and holds the records for most wins (105), pole positions (104), and podium finishes (202), among others.Scuderia Ferrari have won the most Formula One Grands Prix. Ferrari hold the record for the most Grand Prix victories, having won 248 times. McLaren are second with 198 wins, and Mercedes are third with 130 wins.Now 40 years old, Hamilton has an F1-record 105 career wins and 202 career podiums. Behind Verstappen and Hamilton, Ferrari’s Charles Leclerc ($34 million), Aston Martin’s Fernando Alonso ($20 million) and McLaren’s Lando Norris ($20 million) are the only other drivers who will make $20 million or more in 2025.