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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Conspiracy theories regarding Piastri intensify following Mexico.
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Williams renewed the sponsorship contract.
Williams announced the extension of its sponsorship contract with Vast Data.
"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 (...)
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.