Mercedes F1 Owner: Being the most dominant team since the dawn of hybrid era, take a look at the net worth and team owners of Mercedes F1
Mercedes has stamped itself as one of the most dominant teams in the history of sports in the last decade. Not only does this team has a plethora of leaders but modern-era F1 fans have seen those particular individuals lift up the team together.
So, without further ado let’s get straight into knowing the net worth and team owners of F1 most dominant team and reigning champions, Mercedes F1.
Mercedes F1 Owner: Mercedes Amg Petronas F1 Ownership
Daimler AG via its Mercedes brand has been involved in Formula 1 as both team owner and engine manufacturer since 1954 in this series. They currently own 33% of the stakes of the team based in Brackley, England, which is currently called Mercedes AMG-Petronas F1 Team and uses a German licence.
Daimler, Mercedes’ parent company reduced its share percentage from 60 to 33 last year in December with Toto Wolff and Chemical giant Ineos being one-third equal stakeholders. Toto Wolff continues to be the team principal and team boss for 3 more years.
The Chemical firm owned by Sir Jim Ratcliffe, one of Britian’s richest man became a team partner at the start of 2020 and are involved in a number of sporting teams.
Mercedes F1 Net Worth
According to Forbes, Mercedes has a net worth of $ 1,015 Million and is the second richest team in the current era, falling behind Scudeia Ferrari.
Mercedes a.k.a Silver Arrows first mounted to the top of the F1 Constructor standings in 2014 after making a massive financial allegiance. The Brackley-based team spent a total of $380 million in 2014, which was considerably up 26% from 2013 and a staggering 59% from the 2012 season.
While those expenses forced the team to eat a $150 million loss that first championship year, the sustained dominance eventually led to financial dividends. In 2019 Mercedes reported a $22 million operational profit and that was while spending over $100 million more than any other team.
Mercedes is now worth as of April 2020 is $1.15 billion, which ranks above 46% as per Forbes’ values two years ago.