Riccardo Patrese is a former Formula 1 driver. He enjoyed immense popularity and financial success during his 16-year racing career. So what is Patrese’s net worth? During his F1 career, the Italian-born driver took part in 257 races, starting 256. Despite not winning the championship, he won six Formula 1 races, the first of which was the 1982 Monaco Grand Prix.
Riccardo was a famous driver who probably made a good living out of it. According to Forbes, the highest-paid racing drivers of this age, including Max Verstappen and Lewis Hamilton, will earn $60 million and $55 million respectively in 2022. Patrese raced professionally from 1977 until his retirement in 1993, representing teams such as Canon Williams Team and Warsteiner Arrows Racing Team. He mostly drove Ford and Renault.
He took four of his six Formula 1 victories while racing for Renault from 1990 to 1992. After leaving the race track, he took up show jumping while still attending races in his later years. He finished third in the 2005 Grand Prix Masters format for a retired Format One driver at Kyalami GP, behind Nigel Mansell and Emerson Fittipaldi. Riccardo temporarily returned from retirement in 2018 to race at the Spa 24 Hours, where his team finished 32nd. He joined Loïc Depailler (son of veteran F1 driver Patrick Depailler), Bertrand Baguette and Esteban Guerrieri in the Honda NSX GT3 race for the Castrol Honda Racing team.
Riccardo Patrese Net Worth in 2024: Earnings and Career Income.
Riccardo retired from Formula 1 three decades ago, but his racing style and achievements can still be seen on the track today. Riccardo Patrese’s net worth as of 2024 is expected to be $2 million. Most of his wealth came from Formula 1 racing. Like other racers, he had contracts with racing teams that paid him well – which is understandable given that they risked their lives.
F1 drivers are paid instead of being deducted from the team’s budget limit. Some contracts may include a bonus for their success on the track, while endorsements/sponsorships provide additional cash. Patrese won six Formula 1 races between 1977 and 1993 under his name. His wins included the 1982 Monaco GP, 1983 South African GP, 1990 San Marino GP, 1991 Mexican GP, 1991 Portuguese GP and 1992 Japanese GP.
During his career, the Italian driver competed in 257 races, setting the record for the most starts (256 races). He was later overtaken by Rubens Barrichello, making it his 258th appearance at the 2008 Turkish Grand Prix. Riccardo has never disclosed his career earnings, although he could have earned seven figures.
F1 racers also have to pay a hefty registration fee
Even if the top racers make a lot of money, the FIA has a law that controls the flow of money. According to reports, drivers must pay a main tag registration fee of $11,000, which is an additional $2,230 per point compared to the previous season. For example, Verstappen had to pay a registration fee of one million dollars to compete in the 2023 Formula 1 season. The same methods may have been applied to Riccardo Patrese, a former racing driver. But compared to the possible profit, the cost of registration seems insignificant.
What is Riccardo Patrese doing these days?
The 69-year-old former Formula 1 driver was born on April 17, 1954, and is now retired. Patrese continued to race in his post-retirement years, competing in the 24 Hours of Le Mans in 1997, the Grand Prix Masters in 2005 and the 24 Hours of Spa in 2018. He also dabbled in show jumping, winning the Italian National Amateur Championship before retiring in 2014. On the side, a retired racer explores his love of model trains.
Riccardo, father of five children from two marriages, now lives in Milan, Italy with his second wife. He and his second wife Francesca Accordim (whom he married in 2001) have two children: Lorenzo (born August 12, 2005) and Elena (born 2014). He has three children with his previous wife Susi: Simone Patrese, a boy, and Maddelena and Beatrice Patrese, twins.
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Source: HIS Education