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Find out Frederic Vasseur’s salary and life story here
Kenneth Mwenda
updated at May 8, 2024 at 7:22 AM
Frederic Vasseur's salary at Ferrari is expected to be substantial, reflecting his new role as Team Principal of Scuderia Ferrari. He took over from Mattia Binotto. Vasseur did a good job when he led the Alfa Romeo team before, and he is known as a dependable leader. The French national also worked with Charles Leclerc in the past, which made him a good choice for the Ferrari job.
Source: Getty Images
Table of Сontents:
Right now, Vasseur has a big job. He has to get Ferrari back to being the best in F1 racing, which may be the most important job of his whole career. This article, drawn from credible sources, looks into Frederic Vasseur's salary, net worth, career trajectory, family life, and more.
Profile summary
Name | Frederic Vasseur |
Place of birth | Draveil, France |
Date of birth | August 17, 1968 |
Age | 55 (as of May 2024) |
Nationality | French |
Occupation | Team Principal in Formula 1 |
Marital status | Married |
Wife | Marie Laure Vasseur |
Children | Four |
Net worth | Between $3-$7 million |
Salary | In the range of $6-8 million per year |
What is Frederic Vasseur's salary?
Reports suggest that he makes $6-8m in his new role at Scuderia Ferrari. He is now directing one of the biggest and most prosperous F1 teams.
Is Frederic Vasseur the highest earner in F1?
Vasseur's earnings are much less than other top bosses in F1. For example, Christian Horner gets $8-12 million yearly after Red Bull's recent successes. Toto Wolff, who leads the Mercedes team, reportedly earns at least $16 million per year.
Frederic Vasseur's net worth
Source: Original
As stated earlier, he has a new salary of about $6-8.5 million. Thus, his net worth could reach around $7 million, even if we go by the least figure he'll receive.
This is a big jump from his net worth of $3 million last year. However, precise figures for his net worth this year remain elusive. There is little public information about his money and the things he owns.
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Who is the richest boss in the F1?
Toto Wolff ranks among the wealthiest Formula 1 team principals. His net worth is about $1.6 billion. In April 2023, he became a billionaire, and Forbes, a prominent American business magazine, put him on their list of Sports Billionaires.
Frederic Vasseur's biography
Frederic Vasseur is a big name in Formula 1. He was born on August 17, 1968 (aged 55 years as of May 2024) in Draveil, France. He went to ESTACA and studied aeronautics and engineering.
In 1996, Frederic started the ASM team, which partnered with Renault and won the French Formula 3 championship in 1998 with David Saelens. From 2004 to 2007, the ASM team worked with Mercedes-Benz and won the Formula 3 Euroseries championships. Some drivers were Jamie Green, Lewis Hamilton, Paul di Resta, and Romain Grosjean.
The French began his journey in motorsports, building his name through different positions. In 2005, he co-founded the ART Grand Prix team. This marked his entry into Formula 1, and the team quickly became famous, winning in lower levels.
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Vasseur also established Spark Racing Technology. He secured the contract to supply Formula E with its single-seater race cars in 2012.
When did Frederic Vasseur join F1?
Source: Getty Images
In 2014, his leadership skills drew notice within the Formula 1 community, resulting in his selection as the team principal of the Renault Sport Formula One Team. Vasseur fixed many things at the team. He spearheaded extensive restructuring, rebranding, and development efforts, and the team started winning again.
Alfa Romeo
Vasseur remained influential in the sport after his departure from Renault in 2016. In January 2017, he became the leader of the Alfa Romeo Racing team, formerly known as the Sauber F1 Team. While he was in charge, the team got better at performing well and being reliable. This helped Alfa Romeo become a solid middle team.
Frederic Vasseur appointed F1 team principal of Scuderia Ferrari
In January 2023, Frederic's career reached a pinnacle as he took on the role of team principal at Scuderia Ferrari. This famous Italian team has a long history and lots of fans. Taking charge of Ferrari was both scary and an honour.
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Vasseur's new role showed a fresh start for Ferrari, with hopes of winning championships again under his guidance. He wasted no time implementing changes. Soon after he started, Charles Leclerc, one of Ferrari's drivers, commented:
He arrived with very clear ideas and understands a team that’s very big. Within a few days he understood what had to be done and he did it. It is positive.”
Lewis Hamilton and Frederic Vasseur's relationship
Source: Getty Images
Rarely do experts, analysts, and fans align in consensus. However, they overwhelmingly agree that Frederic's role as team principal at Ferrari significantly influenced Lewis Hamilton's decision to join the Italian team from Mercedes starting in 2025. However, how exactly do Vasseur and Hamilton share a connection?
Vasseur and Hamilton did very well in lower racing series before Formula 1. When Vasseur started ASM in 1996, he spotted young talents, with Hamilton being one of them. The British racer joined ASM in 2005, winning the Formula 3 Euro Series.
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In 2006, they celebrated another title in GP2 with ART Grand Prix. Hamilton's impressive rookie year in Formula 1 followed, narrowly missing the championship. In GP2, Hamilton had a remarkable record with five victories in 21 races in 2006, and in Formula 3 Euro Series, he won 15 out of 20 races in 2005.
Frederic Vasseur's family
Frederic keeps his family life very private. It is, however, revealed that he is married to Marie Laure Vasseur, and they have four kids together. Other details about his wife and kids are not public. Vasseur seems to focus more on his job in the racing world, and he does not share much about his personal life.
Trivia
Before the change, Ferrari liked to get team leaders who had ties to the company or its sponsors. But in 2023, the new CEO made a shift by hiring Frederic Vasseur, who is French, just like the old leader Todt. Their paths share some similarities.
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Before Ferrari, Todt transitioned from being a rally driver to a manager role. He led Peugeot's racing team to many wins.
Vasseur also has a long background leading in motorsports. He started the very successful ASM team, later called ART, where he helped train future champions in junior racing series.
Does Fred Vasseur have children?
Frederic and his wife, Marie Laure, have four children together.
What nationality is Frederic Vasseur?
Frederic is a French motorsport engineer and manager who has enjoyed a lengthy career overseeing Formula-series teams.
How many languages can Fred Vasseur speak?
Vasseur was taught several languages, such as English, French, German, Italian, and Spanish.
Where was Frederic Vasseur before Ferrari?
Before joining Ferrari, Frederic held leadership positions at various Formula 1 teams. He was the team principal of the Renault Sport Formula One Team and later served as the team principal of Alfa Romeo Racing (formerly known as the Sauber F1 Team).
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Final word
Vasseur has been bold in the car racing market, and he got the famous Mercedes racer Lewis Hamilton for 2025. But the main goal is for Ferrari to win titles after not winning for years. This shows Vasseur is a good leader, and his good salary reflects that.
READ ALSO: How many wins does Lewis Hamilton have? A list of all his wins to date
Sports Brief published an article about all of Lewis Hamilton's wins. With a career spanning over a decade, Hamilton has redefined excellence in one of the world's most challenging sports.
His journey from a bright-eyed rookie to a seven-time world champion is a story of unparalleled skill and a deep passion for racing. Click on the above link to read more!
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