Piastri and Ricciardo on Australia's rich list

Piastri and Ricciardo on Australia's rich list

      McLaren driver Oscar Piastri and former Formula 1 driver Daniel Ricciardo made the "Young Rich List" of Australia's wealthiest citizens under forty. Ricciardo ranks 35th, his fortune is estimated at A$194 million, which is A$7 million more than last year. 23-year-old Piastri debuted on this list at 56th with an estimated net worth of A$122 million. His annual salary at McLaren is now £20 million, or A$41 million. In short, want to make money — become a racing driver (just kidding).

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Liberty Media, the parent company of Formula 1, has announced a significant change in leadership, as long-serving chairman John C. Malone will resign from the board at the end of this year. Malone, the founder of Liberty Media who oversaw the company’s acquisition of Formula 1 in 2017, will take on the role of Chairman Emeritus starting January 1, 2026, as confirmed by the company in a statement. He will be succeeded by Robert R. "Dob" Bennett, the current vice chairman of Liberty and one of its founding members, who has played a crucial role in key strategic decisions for over thirty years. 

"Founding Liberty Media and serving as its Chairman has been one of the most fulfilling experiences of my career," Malone, who is 84, stated. "With our portfolio successfully simplified and our operating businesses in strong positions, I think it’s the right moment to step back." 

Malone continues to be one of Liberty’s largest shareholders, possessing nearly half of the voting power in Formula 1's trading stocks. Bloomberg estimates his personal net worth to be over $10 billion. "It's the right moment to take a step back." Liberty Media, the parent company of Formula 1, has announced a significant change in leadership, as long-serving chairman John C. Malone will resign from the board at the end of this year. Malone, the founder of Liberty Media who oversaw the company’s acquisition of Formula 1 in 2017, will take on the role of Chairman Emeritus starting January 1, 2026, as confirmed by the company in a statement. He will be succeeded by Robert R. "Dob" Bennett, the current vice chairman of Liberty and one of its founding members, who has played a crucial role in key strategic decisions for over thirty years. "Founding Liberty Media and serving as its Chairman has been one of the most fulfilling experiences of my career," Malone, who is 84, stated. "With our portfolio successfully simplified and our operating businesses in strong positions, I think it’s the right moment to step back." Malone continues to be one of Liberty’s largest shareholders, possessing nearly half of the voting power in Formula 1's trading stocks. Bloomberg estimates his personal net worth to be over $10 billion. Formula 1 | On the occasion of Bernie Ecclestone's 95th birthday, the former head of Formula 1 remarks that at this point in his life, only one person still meets the criteria (...) The defendants are seeking to have the lawsuit dismissed.

Felipe Massa's long-anticipated legal action against Bernie Ecclestone, the FIA, and Formula One Management (FOM) officially commenced this week at London's Royal Courts of Justice, coincidentally on Ecclestone's 95th birthday. The 44-year-old Brazilian aims to be recognized as the rightful 2008 World Champion and is claiming tens of millions in damages for lost earnings, arguing that the governing bodies of the sport failed to take appropriate action following Nelson Piquet Jr's intentional crash during the 2008 Singapore GP. 

Massa's attorneys assert that the FIA "breached its regulations by not promptly investigating" the incident, claiming that he "would have secured the Drivers' Championship that year if the correct procedures had been adhered to." However, the defendants are advocating for the dismissal of the lawsuit. 

In its response, the FIA termed Massa's claim "as torturous as it is overly ambitious," pointing out that the Brazilian's case "painstakingly ignores a list of his own mistakes or those made by his team, Ferrari, during the Singapore GP and other races." 

Ecclestone's lawyer, David Quest KC, informed the court that the case was "a misguided effort to revisit the 2008 Championship," describing it as "a sports-debate-club exercise" that would "strip Mr (Lewis) Hamilton of his 2008 title, despite his involvement in the incident." 

Anneliese Day KC, representing FOM, further stated: "It was not the safety-car period that altered Massa's fate, but a sequence of subsequent racing mistakes by him and Ferrari. Hamilton excelled over Mr. Massa throughout the Singapore GP and the entire 2008 season." 

Massa's attorney Nick di Marco - who has also recently represented Alex Palou - contended that the opposing parties had failed to demonstrate that the case "lacks any genuine prospects of success," asserting, "Mr. Massa has a genuine chance of success in all respects." 

Judge Sir Robert Jay is currently overseeing the preliminary arguments and will determine whether the case should proceed or be dismissed, with a decision expected by Friday. The defendants are seeking to have the lawsuit dismissed. Felipe Massa's long-anticipated legal action against Bernie Ecclestone, the FIA, and Formula One Management (FOM) officially commenced this week at London's Royal Courts of Justice, coincidentally on Ecclestone's 95th birthday. The 44-year-old Brazilian aims to be recognized as the rightful 2008 World Champion and is claiming tens of millions in damages for lost earnings, arguing that the governing bodies of the sport failed to take appropriate action following Nelson Piquet Jr's intentional crash during the 2008 Singapore GP. Massa's attorneys assert that the FIA "breached its regulations by not promptly investigating" the incident, claiming that he "would have secured the Drivers' Championship that year if the correct procedures had been adhered to." However, the defendants are advocating for the dismissal of the lawsuit. In its response, the FIA termed Massa's claim "as torturous as it is overly ambitious," pointing out that the Brazilian's case "painstakingly ignores a list of his own mistakes or those made by his team, Ferrari, during the Singapore GP and other races." Ecclestone's lawyer, David Quest KC, informed the court that the case was "a misguided effort to revisit the 2008 Championship," describing it as "a sports-debate-club exercise" that would "strip Mr (Lewis) Hamilton of his 2008 title, despite his involvement in the incident." Anneliese Day KC, representing FOM, further stated: "It was not the safety-car period that altered Massa's fate, but a sequence of subsequent racing mistakes by him and Ferrari. Hamilton excelled over Mr. Massa throughout the Singapore GP and the entire 2008 season." Massa's attorney Nick di Marco - who has also recently represented Alex Palou - contended that the opposing parties had failed to demonstrate that the case "lacks any genuine prospects of success," asserting, "Mr. Massa has a genuine chance of success in all respects." Judge Sir Robert Jay is currently overseeing the preliminary arguments and will determine whether the case should proceed or be dismissed, with a decision expected by Friday. Formula 1 | The FIA is facing a significant legal challenge in the lead-up to the presidential election in December, involving Swiss-French driver and entrepreneur Laura Villars (…) Williams renewed the sponsorship contract. Williams renewed the sponsorship contract. Williams announced the extension of its sponsorship contract with Vast Data. Photo gallery: 29/10. Tire tests in Mexico City, day two Photo gallery: 29/10. Tire tests in Mexico City, day two © Editorial office of F1News.Ru 1997–2025. Media registration certificate El No. FS77-29173. Registered with the Federal Service for Supervision of Communications, Information Technology and Mass Media.

Piastri and Ricciardo on Australia's rich list

McLaren driver Oscar Piastri and former Formula 1 driver Daniel Ricciardo were included in the "Young Rich List" of Australia's wealthiest citizens under forty.