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PostPosted: Wed Dec 05, 2012 10:53 am 
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Denorth wrote:
ashley313 wrote:
T Scheck's farm isn't profitable yet I don't think. He has a good quote somewhere about how his arms business has allowed him to embark on the farming journey (after his wife gave him a book about it).





and also I don't think that Kimi suddenly lost his more than $150mil fortune (by some estimations) :) but he is not on the list

Yup, no two ways about it, Kimi should be on that list, along with dozens of others. The number of Brits on that list points to the fact the compilers basically copied The Sunday Times Rich List and then added in any other names they stumbled across. 12 of the 20 are lifted straight from the paper (they count Scheckter as he lives here).

If you take the lowest estimates of Kimi's annual salary from 2005-2009, just one year of it would put him on the list. Supposedly the 51 million USD he was widely reported to be on at Ferrari was confirmed by his management when he was booted, but who knows. Online estimates for his total wealth all seem to be over 100 million.

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PostPosted: Wed Dec 05, 2012 10:57 am 
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Danica clearly isn't putting her assets to good use!

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PostPosted: Wed Dec 05, 2012 11:04 am 
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xECKSx58 wrote:
Interesting (but small) article I just found from 2006.
Kimi would be paid $51m/year by Ferrari
Schumi already had $800m in 2006

http://www.forumula1.com/news/raikkonen ... id-driver/


Yep Kimi is surely missing from that list. And re Schumacher, it doesn't mean that he should have more. The crisis has taken down so many fortunes, I'm sure he owned stocks, properties, and other investments that probably have lost half of their value or completely lost all of its value

and from the same article. LOL @ Hamilton's first year salary


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PostPosted: Wed Dec 05, 2012 11:09 am 
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ashley313 wrote:
Johnston wrote:
ashley313 wrote:
T Scheck's farm isn't profitable yet I don't think. He has a good quote somewhere about how his arms business has allowed him to embark on the farming journey (after his wife gave him a book about it).



Surprised to hear that. On the SKY legends show it looks to be a HUGE outfit.

It is. He makes a big point of doing everything he does the best way possible. But that doesn't mean its making money just yet ;) My business was huge and impressive looking but absolutely bleeding me dry x(


you needed a better accountant, the idea is to look huge, look as if it's costing a fortune and bleeding you dry but secretly coining it in :lol:

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PostPosted: Wed Dec 05, 2012 11:15 am 
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by the way - for those who wants to visit Scheckter's farm - they do summer BBQ festival and tickets are not that expensive and you can see his F1 cars. Great place to visit! it is in west from Basingstoke

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PostPosted: Wed Dec 05, 2012 11:35 am 
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I suppose it boils down to - racing drivers make one hell of a lot of money and, if they are pretty shrewd business-wise, can invest it in ways that increase their wealth?

Edit - must admit I'm shocked to read that Schekter had a wealthy arms company and used some of these profits to start an organic farm 8O ! The two are diametrically opposed? 8O But perhaps I've confused 2 racing drivers.

Edit again :lol: - if it is the same person, who would support anyone that was/is involved in the arms business??!


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PostPosted: Wed Dec 05, 2012 9:03 pm 
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kimi was around $52M a year at one point, surely he can't spend all that much on booze.


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PostPosted: Wed Dec 05, 2012 9:37 pm 
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I would of thought Pedro Diniz would be in there somewhere.


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PostPosted: Wed Dec 05, 2012 10:42 pm 
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Johnston wrote:
ashley313 wrote:
Johnston wrote:
ashley313 wrote:
T Scheck's farm isn't profitable yet I don't think. He has a good quote somewhere about how his arms business has allowed him to embark on the farming journey (after his wife gave him a book about it).



Surprised to hear that. On the SKY legends show it looks to be a HUGE outfit.

It is. He makes a big point of doing everything he does the best way possible. But that doesn't mean its making money just yet ;) My business was huge and impressive looking but absolutely bleeding me dry x(


you needed a better accountant, the idea is to look huge, look as if it's costing a fortune and bleeding you dry but secretly coining it in :lol:

I can't afford one! :uhoh:

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PostPosted: Wed Dec 05, 2012 11:06 pm 
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Zoue wrote:
I'd take the list with a pinch of salt. I'd read somewhere else (can't remember, sorry) that MSC was worth around $200M or so. And Kimi was reputed to be earning around $30M per year at Ferrari, so unless he was burning it all in the fireplace at home I would have thought he managed to hang onto more than $18M after all this time...

You must remember that Kimis salary and wealth is taxed. He must pay his management and during his Ferrari days it could have been like 30-40% or more. Maybe he isn't good businessman.

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PostPosted: Wed Dec 05, 2012 11:06 pm 
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Two things that surprised me:
1. Kimi not in the list
2. Danica only $18M - I would have thought she is worth more than that. GoDaddy mustn't be paying her a lot of money.


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PostPosted: Thu Dec 06, 2012 2:29 am 
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Um. Ricky Hendrick has been dead for almost 10 years....


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PostPosted: Thu Dec 06, 2012 2:47 am 
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Alienturnedhuman wrote:
Laura23 wrote:
Providing it's true then Schumacher makes a meal of the current grid.

Hamilton is slowly being turned into a brand, not a racing driver, by his management so his earnings hardly surprise and they'll only increase now he has more freedom at Merc to do more personal sponsorship deals.

Surprised Button has earned more than Alonso though.

Prior to the economic crash, which probably means it will certainly no longer be the case (and when it was two dollars to the pound), it was predicted Hamilton would become the first billion dollar race driver - not over his career but in a season.

Obviously, in the new climate that isn't going to happen, but the fact that two teams offered Hamilton considerably more than any other driver on the grid shows what might have been.

Of course, this is not down to his racing salary - you hit the nail on the head when you said him as a brand - other than not being female, he ticks so many marketing boxes, the fact he is the first black Formula 1 driver (and one whom some rank as the best in the field) along with the fact he is good looking and dating an international pop star girlfriend (who is also taking efforts to significantly raise her profile) means that he will probably rise to number 2 in that list fairly quickly. Whether he'll overtake Schumacher is another matter altogether - it's possible, just down to the fact that people in the future earn more than people in the past, that he will. Although given the economic crash and the fact that Schumacher was peerless, working for the richest team during their most successful era, I would not be surprised if we have to wait for a driver from the next generation to eclipse Schumacher in the earnings.


1 billions dollars in one season? :lol: .....
At 2:1 conversion rate of the time, that is £500 million pounds for a driver that earned 0.5 million per year in his first season and then 10 million per year. The article you refer to was based on his entire career and was based on a 15 year career.

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PostPosted: Thu Dec 06, 2012 6:14 am 
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Shocking numbers.. Schumacher could have comfortably paid for his seat in 2013, and paid Hamilton to sit out :). He also could've bought HRT and hired a top class driver to race for him.

Also surprised to see Hamilton and Button above Alonso. I guess PR work pays a lot.


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PostPosted: Thu Dec 06, 2012 6:49 am 
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Why are none of the other drivers in Bikinis?

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PostPosted: Thu Dec 06, 2012 11:10 am 
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dizlexik wrote:
Zoue wrote:
I'd take the list with a pinch of salt. I'd read somewhere else (can't remember, sorry) that MSC was worth around $200M or so. And Kimi was reputed to be earning around $30M per year at Ferrari, so unless he was burning it all in the fireplace at home I would have thought he managed to hang onto more than $18M after all this time...

You must remember that Kimis salary and wealth is taxed. He must pay his management and during his Ferrari days it could have been like 30-40% or more. Maybe he isn't good businessman.

well, yes, but isn't that the same for all? And he's tax domiciled in Switzerland, isn't he, and the rates there are low anyway?
I was just using Kimi to point out that the list is probably not that accurate, as with Kimi at one time reputedly earning more than anyone else on the grid (and the rest aren't exactly poor!) it's doubtful that he hasn't been able to hang on to more than $18M by now.


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PostPosted: Thu Dec 06, 2012 1:38 pm 
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I am not surprised by the first two on the list. I can remember reporters predicting that Schumie would be the first billionaire sportsman long before he retired & Dale Jr, from memory, has won the most popular NASCAR driver voted by NASCAR fans for the last 10 years & that translates into huge dollars. And Eddie Irvine doesn't surprise me as I read years ago that he was a really successful property developer. What has surprised me are the drivers not included on the list. One of them being Kimi & another being my favourite NASCAR driver, Jeff Gordon. Not only is he a four time NASCAR Champion but, the last time I looked, he had a net worth of around $130 million.


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PostPosted: Thu Dec 06, 2012 2:13 pm 
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LKS1 wrote:
Edit - must admit I'm shocked to read that Schekter had a wealthy arms company and used some of these profits to start an organic farm 8O ! The two are diametrically opposed? 8O But perhaps I've confused 2 racing drivers.

Edit again :lol: - if it is the same person, who would support anyone that was/is involved in the arms business??!

Jody Scheckter wasn't an arms dealer or manufacturer, he founded FATS Inc, a simulated weapons systems and training company that provides virtual firearms training to law enforcement, security and military organisations. Scheckter sold the company in 1996 and it is now part of Meggitt PLC. Find out more about it here: http://www.meggitttrainingsystems.com/About-Meggitt.aspx


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PostPosted: Thu Dec 06, 2012 2:24 pm 
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LKS1 wrote:
I suppose it boils down to - racing drivers make one hell of a lot of money and, if they are pretty shrewd business-wise, can invest it in ways that increase their wealth?

Edit - must admit I'm shocked to read that Schekter had a wealthy arms company and used some of these profits to start an organic farm 8O ! The two are diametrically opposed? 8O But perhaps I've confused 2 racing drivers.

Edit again :lol: - if it is the same person, who would support anyone that was/is involved in the arms business??!


Quote:
Incidentally it's often said he had an arms business but it wasn't, it built training simulators for police, army and so on, not weapons.

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PostPosted: Thu Dec 06, 2012 2:38 pm 
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Balibari wrote:
Chaps pictured in racing gear or suits, chapesse in bikini. Who say's motorsport is sexist.

Should I have heard of Kazunori Yamauchi?

Only if you've had an interest in the Gran Turismo video game. I've been playing that game since version 3, but never knew he was ever a racer until I read this post.


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PostPosted: Thu Dec 06, 2012 6:53 pm 
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I'm glad some acute observers also included Bernie Ecclestone and Roger Penske on the list.

Bernie Ecclestone, 2 Formula One races, did not qualify in one, was replaced by another driver in the other.

Net worth ... £2.5 billion


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PostPosted: Fri Dec 07, 2012 6:11 am 
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benmc wrote:
Vettel not on there? That must be wrong surely.


Vettel doesn't really have a bumper salary based on articles like these:
http://www.formula1onlive.com/2011/06/2011-f1-driver-salary-list.html

I think Red Bull, very sensibly, pays Adrian Newey more than anybody else in the team. Vettel may very well be the best driver on the grid, but they can easily get someone nearly as quick (say, Hulkenberg) for about €5M, but it's far more difficult to find an engineer with the talent and experience of Newey. Whether one likes it or not, Formula One is an engineer's sport more than a driver's one. I think Karthikeyan in a Ferrari, McLaren or Red Bull would do far better than say Seb or Fernie in an HRT, Caterham or Marussia.

Ferrari have paid their drivers ridiculous amounts of money for a while. From Schumi to Kimi to Fernie, I think the salaries were outrageous given that for about a third of Alonso's pay, they could in theory get Vettel or Hammy and the result wouldn't be much different. Perhaps if they spent some of that €20M surplus on an aerodynamics specialist...


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PostPosted: Fri Dec 07, 2012 6:34 am 
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zoomsthru wrote:
benmc wrote:
Vettel not on there? That must be wrong surely.


Vettel doesn't really have a bumper salary based on articles like these:
http://www.formula1onlive.com/2011/06/2011-f1-driver-salary-list.html

I think Red Bull, very sensibly, pays Adrian Newey more than anybody else in the team. Vettel may very well be the best driver on the grid, but they can easily get someone nearly as quick (say, Hulkenberg) for about €5M, but it's far more difficult to find an engineer with the talent and experience of Newey. Whether one likes it or not, Formula One is an engineer's sport more than a driver's one. I think Karthikeyan in a Ferrari, McLaren or Red Bull would do far better than say Seb or Fernie in an HRT, Caterham or Marussia.

Ferrari have paid their drivers ridiculous amounts of money for a while. From Schumi to Kimi to Fernie, I think the salaries were outrageous given that for about a third of Alonso's pay, they could in theory get Vettel or Hammy and the result wouldn't be much different. Perhaps if they spent some of that €20M surplus on an aerodynamics specialist...

A lot of Alonso's pay comes through his sponsors though.

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PostPosted: Fri Dec 07, 2012 7:22 am 
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zoomsthru wrote:
benmc wrote:
Vettel not on there? That must be wrong surely.


Vettel doesn't really have a bumper salary based on articles like these:
http://www.formula1onlive.com/2011/06/2011-f1-driver-salary-list.html

I think Red Bull, very sensibly, pays Adrian Newey more than anybody else in the team. Vettel may very well be the best driver on the grid, but they can easily get someone nearly as quick (say, Hulkenberg) for about €5M, but it's far more difficult to find an engineer with the talent and experience of Newey. Whether one likes it or not, Formula One is an engineer's sport more than a driver's one. I think Karthikeyan in a Ferrari, McLaren or Red Bull would do far better than say Seb or Fernie in an HRT, Caterham or Marussia.

Ferrari have paid their drivers ridiculous amounts of money for a while. From Schumi to Kimi to Fernie, I think the salaries were outrageous given that for about a third of Alonso's pay, they could in theory get Vettel or Hammy and the result wouldn't be much different. Perhaps if they spent some of that €20M surplus on an aerodynamics specialist...

and not just their "main" drivers, either. Massa is clearly running a support role there and while I like the guy it's strange that he commands such a high salary. I would have thought a figure half that amount would still be sufficient. It's not like they have no choices.


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PostPosted: Fri Dec 07, 2012 9:30 am 
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Not sure that chart is right. There are many drivers who were rich before becoming drivers who are not on there and others who would obviously be rich through sponsorship, such as Andretti Fitipaldi etc. Dumfries only raced a few years, (one of the best Brundle quotes called him 'the belted Earl' when he was smashed off track :D )

Drivers like De Angelis and a few of his time were 'gentleman drivers' who were from money families. Berger and probably Louder should be there too

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