What is the price of the Mercedes-AMG PETRONAS F1 Team?
Ferrari was the most valuable Formula 1 team in 2023, being worth around 3. U. S. Meanwhile, Mercedes was not far behind, having a team value of approximately 3. U. S. Toto Wolff’s vast personal fortune is even larger than Lewis Hamilton’s. The Mercedes team principal was worth $1. April 2024, Forbes report. He officially became a billionaire a year earlier. Whereas Forbes report the driver is worth £300m.Which brands sponsor Lewis Hamilton? Hamilton has also signed multiple endorsement and sponsorship deals with several luxury companies like Sony, Tommy Hilfiger, Puma and IWC. This contributes heavily to the net worth of Lewis Hamilton. When Hamilton drives for Ferrari in 2025, this list of sponsors could change.
Who owns the Mercedes-AMG PETRONAS F1 Team?
The Mercedes-AMG PETRONAS F1 Team is owned by three equal partners: Mercedes-Benz, INEOS and Toto Wolff. The composition of our Board reflects this ownership structure and features a wide range of expertise and experience.Mercedes F1: Get to Know CEO and Team Principal Toto Wolff – Mercedes-AMG PETRONAS F1 Team.Mercedes — IWC Schaffhausen (since 2013) Mercedes is one of the most dominant teams in the last decade of F1.Following the purchase of the team, as well as a sponsorship deal with Petronas, the team was rebranded as Mercedes GP Petronas Formula One Team, and Mercedes would now compete in the constructors’ championship for the first time.
Who is the sponsor of Mercedes-AMG PETRONAS F1 Team?
Since 2010, PETRONAS have been the Title and Technical Partner to the Mercedes-AMG PETRONAS Formula One Team, providing Fluid Technology Solutions™️ that have powered the team to eight consecutive Constructors’ Championships (2014-2021) and seven consecutive Drivers’ Championships (2014-2020). Throughout the 2025 season and beyond, adidas and the Mercedes-AMG PETRONAS F1 Team will create a complete range of apparel, footwear and accessories for the entire team and its fanbase. The partnership will break new ground in a sport where milliseconds make the difference.
Who is the biggest sponsor of F1?
The sponsorship deal between Ferrari and tech giants HP and Formula 1 rivals Red Bull’s Oracle, are the two biggest team sponsors in F1. Ferrari’s HP sponsorship deal matches Red Bull’s Oracle partnership: — Ferrari’s sponsorship deal with tech giant HP is reportedly worth $100 million annually, equaling Red Bull’s deal with Oracle as the largest sponsorship in F1.Mercedes AMG F1 Team’s total sponsorship revenue for the 2023 season is over $166. Petronas, which is an agreement valued at $65.According to GlobalData’s report, the highest-spending sponsor brands include Moneygram, Haas Automation, Palm Angels, Schuberth and Opensea, among others. The table below shows the top ten sponsors of Haas F1 Team in the 2023 season.
Which F1 team is the richest?
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. The team is named after its founder Enzo Ferrari. Scuderia is Italian for a stable reserved for racing horses, and is also commonly applied to Italian motor racing teams. The prancing horse was the symbol used on Italian World War I ace Francesco Baracca’s fighter plane.Luxury Italian car manufacturer Ferrari owns the Formula 1 team Scuderia Ferrari. Ferrari is co-owned by Dutch holding company Exor, which is majority-owned by the billionaire Agnelli family, and Piero Ferrari.Ferrari’s Formula 1 racing team is called Scuderia Ferrari, with Scuderia translating from Italian as “stable. There’s an obvious connection between this and the carmaker’s unmistakable Prancing Horse logo. Scuderia Ferrari is one of the most storied racing teams in the world, with over 90 years of history.It has become common to use the word tifosi to refer to the supporters of Scuderia Ferrari in Formula One. Italian motor racing fans are well known for their love of Ferrari, though they have also been staunch supporters of other Italian cars such as Maserati, Lancia, and Alfa Romeo.
Who funds 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.Does Toto Wolff Own a Private Jet? Given his high-profile role and frequent travels across the globe for both Formula 1 and business purposes, it’s no surprise that Wolff has access to a private jet.