Frédéric Vasseur’s Salary and Net Worth March 2024

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Frédéric Vasseur is a French auto racing engineer and team principal. He has worked in Formula One since the 1990s and founded many teams in the F1 world.

Vasseur started his motorsport career as a driver, competing in karting and Formula Renault. He later switched to engineering, working for the Peugeot Talbot Sports World Rally Championship team. In 1995, Vasseur joined the Sauber Formula One team as head of aerodynamics. He remained with Sauber for four years before joining Renault. He has competed in several high-profile races, including the 24 Hours of Le Mans.

In the early 20s, Vasseur founded ART Grand Prix, a successful GP2 and Formula 3 team.

Jost Capito's net worth March 2024

$1.000.000 - $5.000.000

Vasseur’s net worth is between $1 and $5 million, and he is certainly not among the richest men in the world. However, his net worth is expected to grow significantly over the next few years. As the current principal of Alfa Romeo, Frédéric Vasseur has made a name for himself in Formula One racing.

Net worth$ 1-5 million
Salary from Alfa Romeo$1 million
Investments
AssetsART Grand Prix, Spark Racing Techonology
Loans and liabilitiesNone

Frédéric Vasseur's salary 2022

$1.000.000

The current salary of Frédéric Vasseur is $1 million. Vasseur is the CEO and Team Principal of the Formula One team Alfa Romeo.

Vasseur has been with Alfa since 2017, and in that time, he has led the team to two Constructors’ Championship titles.

Under Vasseur’s leadership, Alfa has become one of the most successful teams in Formula One history. In addition to his $1 million salary, Vasseur receives bonuses and commissions based on the team’s performance.

Table of Contents

Watch this video to learn more about Frédéric Vasseurs upcoming challenge with Ferrari.

Key takeaways

  • In 2001, he sold his share of Sauber to BMW.
  • Under Vasseur’s leadership, ART won the 2002 and 2005 FIA Formula 3 Euroseries championships. 
  • In 2006, he oversaw the team’s transition into GP2, and they went on to win the 2007 GP2 Series championship.
  • In 2010, Vasseur became the team principal of Sauber’s new customer engine program with Ferrari.
  • He has a degree in engineering from the ESTACA.
  • In 2012, Vasseur founded Spark Racing Technology. The company designs and builds cars for racing series, including Formula E, IndyCar, and Formula 1.
frédéric vasseur net worth

Learn more about Frédéric Vasseur

Frédéric Vasseur was born on 28 May 1968 in France. The son of Alain Vasseur, who won a stage of the Tour de France, and an accomplished athlete, Vasseur pushed himself to excel. In his youth, Frédéric Vasseur was always driven to achieve. It led him to study various subjects, including engineering and law.

Though he originally pursued a career in motorsport engineering, Vasseur eventually found his way into the world of business. In 2000, he founded ASM to help young drivers make it into Formula 1. This venture proved successful, and Vasseur has since found several other businesses. Vasseur’s hard work and dedication have made him one of the most respectful figures in Formula One.

Full NameFrédéric Vasseur
NationalityFrance
Date of Birth28th May, 1968
Height1.80m
Weight70 kg
Salary$1.000.000

Frédéric Vasseur’s Parents and Siblings

The Vasseur family lives in France, which includes his father (Alain), mother (her name is not public yet), and three siblings: Sylvain, Frederic, and Aurelie. The siblings are close in age. All three children were born in France.

The family is tight-knit, with the siblings often spending time together, even as adults. They enjoy going on vacations together and exploring new places. They usually go to Japan for the trip, where they enjoy hiking and sightseeing.

Their father, Alain, is an athlete, and their mother is a stay-at-home mom. Both parents are from France but met while living in New York City. They eventually moved back to France to be closer to family.

Frédéric Vasseur’s Wife

His wife’s name is not public. The couple married on 31 July 1999 and kept their relationship relatively private. However, it is clear that the two are still together and going strong after almost 20+ years of marriage.

Though Vasseur is a private person, he has spoken about his wife and family in most of his interviews. He has said they support his career and are always there for him.

Vasseur is pleased in his personal life, and it seems his wife and family are a big part of that happiness. Though we may not know much about her, it is clear that she is an integral part of Vasseur’s life.

Frédéric Vasseur’s Children

As a private person, Frédéric Vasseur does not disclose the names of his children. However, it is known that he has four kids and that they all live in Draveil.

Despite being private, Vasseur is still very much involved in his children’s lives. He is always there for them when they need him and loves to spend time with them whenever he can.

In the early 20s, Vasseur founded ART Grand Prix, a successful racing team that has competed in Formula 3, GP2, and Formula E. In 2012, he co-founded Spark Racing Technology, which produces electric racing cars for the Formula E championship. Vasseur's net worth is estimated to be $1-5 million.

Frédéric Vasseur’s Zodiac Sign

As the head of the Formula One team Alfa Romeo Racing, Frédéric Vasseur has his hands full. But what most people don’t know is that he is also a Gemini. Geminis are known for their ability to multitask and their love of change. It makes them ideal for a job like Vasseur, where they constantly adapt to new situations.

However, Geminis can also be quite indecisive and impulsive. It can sometimes lead to them making rash decisions that they later regret. But overall, Vasseur’s Gemini qualities have served him well in his career. He can take on multiple tasks and always looks for ways to improve.

Frédéric Vasseur’s Hair Color

His hair color is a natural brunette. With his natural brunette hair color and quiet behavior, Vasseur is often described as “the thinking man’s engineer.”Vasseur’s hair color contrasts with many of his colleagues’ traditional silver or white hair in Formula One. However, his hair color sets him apart from other team principals.

What else does he own?

In addition to his race cars and driving skills, Frédéric Vasseur owns several other things. He has a home in France and an apartment in other cities. He is the founder of two organizations. Many reporters claim that he also owns many boats and properties worldwide, although this has not been confirmed. Regardless of what else he may or may not own, it is clear that Frédéric Vasseur is very successful.

Frédéric Vasseur’s cars

We don’t  have much information about Frédéric Vasseur’s cars. He is private and does not share much information about his personal life with the public. However, we assume he seems to be a luxury and performance car fan.

Vasseur has been spotted driving vehicles, including

  • Ferrari 458 Italia, 
  • McLaren 675LT, 
  • Porsche 911 Turbo S. 

All of these cars are high-end and expensive, which reflects Vasseur’s taste in automobiles. Despite being relatively secretive about his personal life, it is clear that Frédéric Vasseur enjoys driving fast cars.

Frédéric Vasseur’s house

Frédéric Vasseur’s house in Draveil, France, is a beautiful example of French architecture. 

  • The house was built in the early 1800s and is made of stone and brick. 
  • It has a large front porch and a back patio. 
  • The house is three stories tall and has a balcony on the second floor.
  • The house’s first floor contains the living room, dining room, kitchen, and bathroom. 
  • The second floor contains the bedrooms and a bathroom. 
  • The third floor is an attic space that is used for storage.
  • The house is decorated with antique furniture and paintings. 
  • The floors are made of hardwood, and many windows throughout the house let in natural light.

Frédéric Vasseur's Organizations

Frédéric Vasseur is the founder and CEO of the ART Grand Prix racing team and director of Spark Racing Technology.

ART Grand Prix is a French motorsport team that competes in various championships, including Formula One and Formula E. The team was founded in 1996 by Frédéric Vasseur and has been successful in many different series.

Spark Racing Technology is a French company that designs and builds racing cars. The company was founded in 2012 by Frédéric Vasseur, supplying cars to different racing series, including Formula E and Formula One.

Frequently asked questions

How much does Frédéric Vasseur earn in a year?

Vasseur has been with Alfa Romeo for many years, and his contract is believed to be worth $1 million per year. As the team principal of Alfa Romeo, Frédéric Vasseur is responsible for the Swiss team's Formula One racing program.

How rich is Frédéric Vasseur?

His estimated net worth is $1-5 million. He is the Co-founder of venture capital firm Kima Ventures and the CEO of the F1 racing team.

How is Frédéric Vasseur so rich?

Frédéric Vasseur is rich because he owns two companies, ART Grand Prix and Spark Racing Technology. ART Grand Prix successfully won the GP2 Series championship in 2005 and 2007. Meanwhile, Spark Racing Technology has supplied cars for the Formula E series since its inception in 2014. With ownership of these two companies, Vasseur has amassed a considerable fortune. And it's all thanks to his passion for motorsport.

Where did Frédéric Vasseur get his money?

Frédéric Vasseur’s racing career is certainly one source of income. He has had a long and successful career in the world of motorsport. He is a French motor sport engineer and manager who has worked with some of the biggest names in the business. His most recent role was as the team principal of the Formula One team.

How much does Frédéric Vasseur own the Alfa Romeo F1 Team?

Vasseur's share in the team is not publicly known, but it is believed to be a minority stake. He has said he is "fully committed" to the team and its long-term success. Alfa Romeo is highly controlled by Ferrari, which owns a majority stake. It is owned by Ferrari (80%) and Sauber (20%). Vasseur's stake in the team is unlikely to be more than 10%.

Frédéric Vasseur's salary and net worth compared to other Team Principals in Formula 1

As the Team Principal of the Alfa Romeo Racing team, Frédéric Vasseur boasts an impressive resume in the world of Formula 1. Though his salary is $1 million and net worth is $1-5 million, it is safe to say that he earns a comfortable living. Compared to other Team Principals in Formula 1, Vasseur’s salary and net worth are relatively modest.

But we can’t say that Vasseur is not well-compensated for his role with Alfa Romeo Racing. On the contrary, he is paid quite handsomely for his services. However, compared to other team principals in Formula 1, Vasseur’s salary and net worth are pale. It is likely due in part to the fact that Alfa Romeo Racing is not one of the sport’s top teams.

Team Principal

Team

Salary

Net Worth

Toto Wolff

Mercedes

$9.1 million

$580 million

Christian Horner

Red Bull

$10 million

$50 million

Mattia Binotto

Ferrari

$3 million

$5-6 million

Andreas Seidl

McLaren

$2 million

$6.5 million

Otmar Szafnauer

Alpine

> $1 million

> $1 million

Franz Tost

AlphaTauri

< $1 million

$1.5 million

Mike Krack

Aston Martin

< $1 million

$1 million

Jost Capito

Williams

< $1 million

$4-6 million

Frédéric Vasseur

Alfa Romeo

< $1 million

> $1 million

Guenther Steiner

Haas

< $1 million

$1-5 million

Conclusion

Frédéric Vasseur is a French entrepreneur and former racing driver. He is the founder of the ART Grand Prix racing team and the co-founder of Spark Racing Technology.

Vasseur was born in 1968 in France. He studied at the ESTACA engineering school and began his career as a race car driver in 1988. He competed in several French and European championships before retiring from driving in 1996.

In the early 20s, Vasseur founded ART Grand Prix, a successful racing team that has competed in Formula 3, GP2, and Formula E. In 2012, he co-founded Spark Racing Technology, which produces electric racing cars for the Formula E championship. Vasseur’s net worth is estimated to be $1-5 million.

Article sources

Lisette Holm
Lisette Holm
Lisette Holm is a Formula 1 expert who has not missed a single Grand Prix in the last 4 years. She is one of the founders and her job at Formulapedia.com is to educate others who are interested in F1 in order to raise their level of knowledge. Lisette cheers on Mercedes AMG-Petronas.

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