Riccardo Patrese was a former Formula One driver. Throughout his 16-year racing career, he was enormously popular and successful financially. So what is Patrese’s net worth?
Throughout his Formula One career, the Italian-born driver competed in 257 races, beginning in 256. Despite not winning a championship, he has won six Formula One races, the first coming in 1982 at the Monaco Grand Prix. Riccardo was a well-known driver who probably earned a nice income from it.
According to Forbes, the highest-paid racing drivers of this generation, including Max Verstappen and Lewis Hamilton, will make $60 million and $55 million, respectively, in 2022. Patrese raced professionally from 1977 until his retirement in 1993, with teams such as Canon Williams Racing Team and Warsteiner Arrows Racing. He primarily drove Ford and Renault.
Four of his six Formula One triumphs came while racing for Renault between 1990 and 1992. After abandoning the race track, he pursued show jumping while continuing to attend races in subsequent years. He finished third in the 2005 Grand Prix Masters for former Formula One driver at Kyalami GP Circuit, trailing Nigel Mansell and Emerson Fittipaldi.
Riccardo came out of retirement briefly in 2018 to compete in the Spa 24 Hours, where his team finished 32nd. He partnered with Loïc Depailler (son of F1 driver Patrick Depailler), Bertrand Baguette, and Esteban Guerrieri to race the Honda NSX GT3 for Castrol Honda Racing.
Riccardo Patrese Net Worth in 2024: Career Earnings and Income.
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Riccardo left Formula One three decades ago, yet his driving style and exploits can still be witnessed on the track today. His net worth is predicted to exceed $2 million by 2024. The majority of his wealth was derived from Formula One racing. Like other racers, he had contracts with racing teams that paid him well–which is understandable given that they risked their lives.
The Formula One drivers are paid a salary rather than being removed from the team’s budget. Some contracts may offer a bonus for performance on the track, whilst endorsements/sponsorships bring additional funds.
Patrese won six Formula One races from 1977 and 1993 under his name. He won the 1982 Monaco GP, the 1983 South African GP, the 1990 San Marino GP, the 1991 Mexican GP, the 1991 Portuguese GP, and the 1992 Japanese Grand Prix.
Throughout his career, the Italian racing driver competed in 257 races, achieving a record for the most starts (256). Later, Rubens Barrichello passed him, making his 258th Grand Prix appearance in the 2008 Turkish Grand Prix. Riccardo never announced his career earnings, however he may have earned well into the seven figures.
F1 Racers Also Have to Pay a Hefty Registration Fee
Even if top racers make a lot of money, the FIA has legislation in place to regulate the flow of funds. According to reports, drivers must pay a registration fee with a main tag of $11,000, an increase of $2,230 per point from the previous season.
For example, Verstappen had to pay a $1 million registration fee to compete in the 2023 Formula One season. Riccardo Patrese, a former racing driver, may have used similar procedures. However, when contrasted with the potential return, the registration cost appears to be small.
What Is Riccardo Patrese Doing These Days?
The 69-year-old former Formula One driver was born on April 17, 1954, and is now retired. Patrese continued to race in the years following his retirement, appearing in the 1997 24 Hours of Le Mans, the 2005 Grand Prix Masters, and the 2018 Spa 24 Hours.
He also pursued show jumping, earning the Italian national amateur championship before retiring in 2014. Sideways, the retired racer is pursuing his passion for miniature trains.
Riccardo, a father of five children from two marriages, lives in Milan, Italy, with his second wife. He has two children with his second wife, Francesca Accordim (whom he married in 2001): Lorenzo (born August 12, 2005) and Elena (born in 2014). He has three children from his previous marriage, Susi: Simone Patrese, a male, and Maddelena and Beatrice Patrese, twin girls.
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