Mattia Binotto's Ferrari Legacy and Audi's New Challenge
Mattia Binotto built his entire professional life around Scuderia Ferrari. He started as an engine design engineer back in 1995. His technical skills directly fueled Ferrari's dominance during Michael Schumacher's legendary early 2000s era.
A Steady Climb to the Top
Binotto worked his way up through the ranks over the years. Ferrari appointed him Head of the Power Unit in 2016. Just three years later, he took on the massive role of Team Principal. This position put him in charge of one of the most scrutinized teams in all of sports.
His long service and loyalty earned him significant financial rewards. Reports indicate Binotto received a "gardening leave" payment of $3 million for a full year after he stepped down. His salary, combined with bonuses and contracts, played a major part in building his wealth.
The End of an Era and a New Beginning
Binotto's resignation as chief engineer and team principal highlighted the internal struggles and politics that often shape Ferrari's fate. It marked the close of a challenging but impactful chapter in his career.
However, his story in Formula 1 is far from over. He has now embarked on a crucial new project with Audi. The German manufacturer is preparing for its highly anticipated F1 debut in 2026.
Leading Audi's Formula 1 Ambitions
Binotto holds a vital position in this venture. He oversees both the engine and chassis development. His role ensures smooth collaboration between Audi's various global engineering centers.
This appointment clearly shows Audi's trust in his technical prowess. They believe he can elevate their standards while avoiding past management pitfalls. The move provides Binotto with a stable future in the sport and a brighter financial outlook.
Factory-backed racing teams typically offer multi-million dollar salaries for top leadership. This aligns perfectly with his previous earnings at Ferrari. Given Audi's full commitment to its F1 plans, Binotto's net worth is poised for further growth.
His current net worth is estimated at approximately $7 million. This figure reflects a career built on exceptional engineering talent and navigating the high-pressure world of elite motorsport.
