Mar 1 • 19:00 UTC 🇬🇧 UK Mirror

World’s sixth richest man is involved in F1 and leaves Lewis Hamilton in the dust

Larry Ellison, the chairman of Oracle, is recognized as the wealthiest figure in Formula 1, surpassing Lewis Hamilton and Lawrence Stroll.

As the new Formula 1 season approaches, the spotlight is on the immense wealth tied to the sport, which attracts some of the richest individuals globally. This year, Larry Ellison, the chairman and CEO of Oracle, takes center stage as the wealthiest person associated with Formula 1, boasting a staggering net worth of £140 billion, according to Forbes. His position highlights the significant financial backdrop against which the sport operates.

Looking beyond the racing drivers who command attention for their skill and performance, the financial figures involved in F1 are equally striking, with owners and sponsors playing pivotal roles in shaping the industry. Ellison's involvement through Oracle as the title sponsor for Red Bull not only elevates his status in the F1 realm but also emphasizes the intertwining of technology and sports business. This crossover opens up discussions regarding the future direction of F1, especially in terms of digital engagement and innovation.

The prominence of Ellison compared to established figures like Lewis Hamilton and Lawrence Stroll underscores the evolving dynamics of wealth within F1. As the sport continues to attract a high-profile audience, the influence of such billionaires networks within Formula 1 could reshape team strategies, sponsorship models, and the overall experience for fans around the world. With the season set to begin, the financial landscape of F1 remains as competitive as the races themselves.

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