Günther Steiner’s Salary and Net Worth March 2024

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Any Formula one viewer who is a fan of the Haas team or has been intrigued by the exciting career span of the team must have come across the name of Günther Steiner. He was a former Formula One race driver and is currently the motorsport engineer and team manager at the Haas Formula One team. 

Günther has quite an exciting story from being a dropout engineer to serving in the military, being a Formula One race driver to being the team principal for one of the most famous teams at Formula One. It is because of this that many people are interested in knowing more about him. This is why in this article we will be discussing all that about Günther Steiner, his net worth, salary, early life, and much more.

Günther Steiner net worth March 2024

$1.000.000 - $5.000.000

Günther Steiner is the engineer and team principal for the Haas team. He has been in this position since 2014. He is reported to have a net worth between $1 to $5 million.

Net worth$ 1-5 million
Salary from Aston Martin$1 million
Investments
Assets
Loans and liabilitiesNone

Günther Steiner salary 2022

$1.000.000

Günther Steiner has worked hard to the position where he stands today. Before acquiring the position of the team principal for the Haas team that brought it to the Formula One championships, Günther worked as a supervising head for Jaguar Racing till 2003. It was in 2004 that he was offered a position as an engineer at Haas. On average, a motorsport engineer has a salary of $63000. Hence, Günther could have a salary revolving around this figure. However, there have been rumors of him having a salary of $1 million, much more than the anticipated amount.

Table of Contents

Watch this video to learn more about Günther Steiner.

Key takeaways

  • Günther Steiner is the team principal for the Haas team.
  • He has an estimated net worth between $1 to $5 million.
  • He has an annual salary of $1 million.
  • Günther is a very private man and not much is known about his family or investments.
  • He pursued an engineering degree but was unable to finish it.
  • Later he moved to Belgium to work as a mechanic for the Mazda Rally team.
  • He is also the first American instructor in the time span of 30 years who drove in the Formula One series.
günther steiner net worth

Learn more about Günther Steiner

Günther Steiner is a well-known name in Formula One sports. It was due to his strategies and constant hard work that was able to bring the Haas team into Formula One sports. This is one of the main factors that have sparked the interest of many people and Formula one fans in Günther’s life and career. This is why down below I have discussed a few details about his family and career.

Full NameGünther Steiner
NationalityItalian/American
Date of BirthApril 7th, 1965
Heightunknown
Weightunknown
Salary$1.000.000

Family

Günther Steiner was born on 7th April 1965 in Bolzano, Germany. He was the son of a butcher. However not much is revealed about his family. He married Gertraud Steiner, his former fiancee, and shares one daughter with her.

Günther pursued an engineering degree but was unable to finish the degree as he did not complete his research. He later moved to Belgium to work as a mechanic for the World Rally Championship.

Career

Steiner moved to Belgium to work as a mechanic for the Mazda Rally team in the World Rally championship. After working for about two years, Günther moved to an Italian auto racing team to work as an assistant manager.

Due to his excellent management power and technical talent he was hired by Formula One champion, Niki Lauda, as the managing director for the team Jaguar Racing. In 2004, Jaguar was bought by Red Bull and Günther was offered the position of technical operation director in 2005.

He directed and oversaw all the technical aspects of the team and successfully managed a budget of $200 million with over 350 people. Due to his continuous success, Red Bull shifted him to the formation of the NASCAR Cup Series. This was not only a team shift for Günther but was also a shift from the European style of racing to the American style.

In 2009, Günther met Gene Haas through a high-tech carbon design and composites company, FiberWorks. It was there when Günther was offered to lead the logistic team in creating an F1 team. Through the Haas team, Günther became the first American instructor in 30 years to take part in the Formula One series. In April 2016, Günther was appointed as the team principal for the Haas team.

Favorite quotes from Günther Steiner

Here are some of my personal favourite quotes of Günther Steiner:

  • You are always chasing yourself if you have testing sessions you test it out then but it’s also a thing of growing a team.”
  • “I’m not an actor, I’m not good-looking. It’s not what I do, and I don’t want to be one. Maybe if I watched myself I would then try to be one.”
  • “I think as a team we do OK with this because we are new and we need the drivers so we appreciate more if they do good for us than an established team, because you know it all and you know this environment here, it’s like ‘it cannot be me, it must be the driver.”
  • “If you run a business, and I see F1 as a business if you have to go back every five weeks saying ‘oh, I need another two million’, it gets old pretty quick. Then the trust is lost.”
  • “Every team should have the chance to go on the podium, that would make it interesting. I believe that.”
  • “I think we can say our business plan worked even if a lot of people questioned if it could work beforehand and said we would be just like one of the other ones who came in in the last years.”

In 2009, Günther met Gene Haas through a high-tech carbon design and composites company, FiberWorks. It was there when Günther was offered to lead the logistic team in creating an F1 team. Through the Haas team, Günther became the first American instructor in 30 years to take part in the Formula One series.

What else does he own?

With an interesting background and quite a handful of money in his hands, Günther Steiner owns a couple of fascinating luxurious things that are worth billions of dollars. Here is a list of interesting expensive things that Günther has in his possession.

Günther Steiner cars

There have been no reports of the list of cars that Günther Steiner owns.

Günther Steiner house

Günther Steiner lives in a comfortable home in Mooresville, North Carolina. Apart from that, the list of houses that he owns has not been specified by him.

Günther Steiner boat/yacht

Günther Steiner does not own any boats or yachts in his possession.

Günther Steiner stocks

Günther Steiner does invest from time to time in different Formula One teams and drivers. However, none of his stocks and shares that are in his possession have been known by the public.

Frequently asked questions

How much does Günther earn in a year?

Günther Steiner has an annual salary somewhere between $63000 and $1 million.

How rich is Günther Steiner?

Günther Steiner is reported to have a net worth of $1- $5 million.

How is Günther Steiner so rich?

Günther Steiner is rich because he earns money through being the team principal and advisor for the Haas team. Plus, he also earned some money through motorsports in his early years.

Where did Günther Steiner get his money?

Günther Steiner got his money through being the team principal and advisor for the Haas team. Plus, he also earned some of his money through motorsport driving and as supervising head at Jaguar Racing.

How much does Günther Steiner own the Haas F1 Team?

According to the current reports, Günther Steiner is the team principal for the Haas team and does not own any shares of the team. However, there has been speculation that after Gene Haas, the current Haas team’s owner, Günther is the right fit for the team owner’s position.

Günther Steiner's salary and net worth compared to other Team Principals in Formula 1

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

Günther Steiner

Haas

< $1 million

$1-5 million

Conclusion

Günther Steiner is one of the most remarkable team principals of Formula One. He was able to drive a small team such as Haas to compete in the Formula One series through his exemplary directing and management skills. He has an estimated net worth between $1 to $5 million, and with such skills, it will be no wonder if his net worth increases in the near future.

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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