Jody Scheckter’s Salary and Net Worth April 2024

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Jody Scheckter is a retired South African racing driver who competed in Formula One from 1972 to 1980. He won the Drivers’ Championship in 1979, driving for Ferrari. After his retirement from racing, he became an entrepreneur and businessman. Also, he is the only F1 driver to become a farmer after retirement. In October 2022, his net worth is estimated to be $110 million. Here’s a look at how he earned his wealth.

What is Jody Scheckter net worth?

$ 110.000.000

Jody Scheckter, a South African racing driver, is the only one to have won a World Championship. With an estimated net worth of $110 million, a large contribution comes from his prize money of $78 million. After retirement, he started a company called FATS Inc. which gives him a comfortable living of $5 million yearly. The company has an annual net revenue of $30 million. After his racing career, he became a successful businessman. He is the owner of the Laverstoke Park Farm in Hampshire, England. His fortune has grown since he retired as a Formula 1 driver.

Net worth$ 110 million
Salary 

$ 10 million

Investments
  • $ 30 million property in Johannesburg
  • Fats Inc. (Firearms Training Systems)
  • Laverstoke Park Farm
Assets
  • Ferrari 312 T4
  • Tyrrell P34 (6 wheel Tyrrell)
  • Tyrrell 007
  • Wolf WR1
  • McLaren M23
  • McLaren M19
  • McLaren M21
  • Rondel Motel M1
  • Merlyn MK21
  • Trojan T101
  • Merlyn MK11A
  • Porsche 917
Loans and liabilities

Jody Scheckter Salary

$ 10.000.000

Scheckter’s annual salary is estimated to be in the region of $10 million plus, which includes his earnings from his work as a biodynamic farmer. His monthly salary is approx $1 million.

Jody Scheckter Net worth Growth:

YearNet Worth
2017$60 Million
2018$70 Million
2019$80 Million
2020$90 Million
2021$100 Million
2022$110 Million

Table of Contents

“The untold story of Jody Scheckter”

Jody Scheckter Endorsements

Jody Scheckter, former Formula One World Champion, has endorsed FATS Inc – a company that makes firearms training simulators for security organizations, the military, and law enforcement.

Key takeaways

  • Scheckter was called the “South African Wild Man” because of his reckless driving, plain speaking, and fiery temper. He also had woolly hair and a distinctive frown. However, he was an excellent driver.
  • After witnessing the horrific accident of his teammate François Cevert, South African driver Jody Scheckter was forever changed. He gave up his reckless driving habits and developed into a more responsible and thoughtful driver.
  • Jody Scheckter’s McLaren crashed into Emerson Fittipaldi’s Lotus during the French Grand Prix, causing the Lotus to spin off the track. This led to increased anti-Scheckter sentiment.
  • Jody Scheckter is the most successful and prolific South African driver. Scheckter won 10 races throughout his nine-year career, including the 1979 World Drivers’ Championship.
  • Ken Tyrrell offered Scheckter a full-time position in 1974, which he accepted. The following year, the Tyrrell 007 was still in use but had slowed down. Despite this, Scheckter won races in Monaco and Canada and finished the year in second place to Niki Lauda’s Ferrari.
  • Scheckter now spends his time farming after purchasing the Laverstoke Park Farm, which is located near Overton, Hampshire.
  • Jody Scheckter worked as a pit reporter for CBS Sports’ F1 coverage in 1981, and for ABC’s Wide World Of Sports at the 1983 Monaco Grand Prix.
  • He replaced Martin Brundle as a guest commentator for ITV during the 1999 San Marino Grand Prix.
  • After quitting racing, Scheckter founded FATS Inc, a company that develops firearm training simulators for law enforcement, the military, and security agencies. 
jody scheckter net worth

Learn more about Jody Scheckter

Full NameJody David Scheckter
NationalitySouth African
Date of BirthJanuary 29th, 1950
Height179 cm
Weight77 kg
Salary$ 10.000.000

Early life

Jody David Scheckter (born 29 January 1950) is a former South African motor racing driver. Scheckter was born in East London, Eastern Cape Province, and educated at Selborne College. He was born into a family with strong sporting connections in East London, Eastern Cape, and had his first taste of driving at his father’s Renault dealership.

Jody Scheckter raced on the South African national circuit in a variety of formulas. In 1970, he moved to Europe to compete. His competitive debut in Formula One came later that year with McLaren in the US Grand Prix at Watkins Glen in 1972. He was the only South African driver to win the 1979 Formula One World Drivers’ Champion, driving for

Family

Jody Scheckter is married to Clare, and they have six children together: Toby, Tomas, Hugo, Freddie, Ila, and Poppy. His 21-year-old daughter Ila died on October 17, 2019.

After having a successful commercial career, he moved to the UK in 1996. She established Laverstoke Park Farm, a 2,500-acre organic and biodynamic estate in Hampshire, England. Her Laverstoke Park Education Centre in 2002 has had over 15,000 young people for complimentary farm educational visits since its opening by HRH Princess Royal.

Personal info

Eye ColourBrown
Hair ColourBlack
EducationSelborne College
ReligionJewish descent
Social Media AccountTwitter
Zodiac SignAquarius
GenderMale
Children’s Name– Ila Scheckter
– Tomas Scheckter
– Poppy Scheckter
– Toby Scheckter
– Hugo Scheckter
– Freddie Scheckter
WifeClare Scheckter

Career

Jody Scheckter is a former Formula One driver who competed in the sport from 1972-1980. He began racing in his native South Africa before moving to Britain in 1970 to pursue a career in Formula One. His debut in the US Grand Prix at Watkins Glen in 1972 with McLaren saw him running as high as third place before he spun and finished ninth. This immediately established him as a name to watch, and he continued his development the following year, winning the 1973 SCCA L&M Championship and racing five times in Formula One.

His best result that year came at the French Grand Prix, where he almost won before crashing into Emerson Fittipaldi, the reigning World Champion. After the accident, Fittipaldi said of Scheckter: “This madman is a menace to himself and everybody else and does not belong in Formula 1.” However, undeterred by this incident, Scheckter went on to have a successful career in Formula One, finishing third in the Drivers’ Championship on three occasions (1974, 1976, 1979) and winning ten races overall. He retired from the sport in 1980 after losing his drive with Ferrari.

Jody Scheckter’s net worth is $110 million. With this net worth, he is number 15, following Mario Andretti - an Italian-born American former racing driver. Let’s compare different former F1 drivers' net worths here.

Highlights

  • Jody Scheckter was a South African racing driver who competed in Formula One from 1972 to 1980. He won the 1979 World Championship of Drivers and six Grands Prix.
  • Scheckter was born in East London, Eastern Cape Province, Union of South Africa, on 29 January 1950.
  • He began his racing career in touring cars before moving to Formula One, where he won the South African championship in 1971. He then moved to England, where he drove a McLaren Formula Three car in 1972.
  • Scheckter made his Formula One debut at the 1972 United States Grand Prix, driving for the McLaren team. He finished in 13th place.
  • He scored his first World Championship point at the 1973 British Grand Prix. He finished the season with nine points.
  • He competed for notable teams such as McLaren, Tyrrell, Wolf, and Ferrari.
  • His first victory came at the 1974 Swedish Grand Prix.
  • He won the 1979 Formula One World Championship while driving for Ferrari.
  • Over the course of his career, he earned 10 wins and 33 podium finishes.
  • Additionally, he has 3 career pole positions and 5 fastest laps.
  • His last race was the 1980 United States Grand Prix.
  • He achieved his first podium finish at the 1974 Belgian Grand Prix and his last podium finish at the 1979 Italian Grand Prix
  • He earned his first pole position at the 1976 Swedish Grand Prix and his last pole position at the 1979 Monaco Grand Prix
  • He finished in the points for all but one of his 112 starts, an exemplary record indicating his skill as a driver. 
  • Each season of his seven years of racing in Formula One included at least one win.

Life After Career

After he retired from racing, Scheckter got involved in many different businesses, including organizing a worldwide race series and starting a business making simulators to train police and military forces. Today, Scheckter owns an organic farm in England and enjoys drinking whiskey and playing tennis in his free time.

His farm

Jody Scheckter’s Laverstoke Park Farm, is a model of sustainable, organic farming that produces delicious, healthy food. The 2,500-acre farm uses 21st-century science and environmentally friendly methods to create an environment that follows nature as closely as possible. The result is high-quality buffalo mozzarella, bocconcini, buffalo, black pudding, and 2015 vintage brut.

Favorite quotes from Jody Scheckter

  • “Gilles was the fastest driver in the history of motor racing”
  • “Jody Scheckter Michael Schumacher deserved the driver’s championship. To be honest, I didn’t want to keep my record as the last Ferrari world champion; it’s never done me any good!”
  • ”I would like to see F1 racing in South Africa again. I’m doing a little help to get a Grand Prix into South Africa, and my cousin has done some work to prepare support from the government and public.”
  • I’ve seen a lot of stuff that was going on in the F1 business that I didn’t like. But you are always friends with your team.  I was always focused on my racing first, that’s why I won a Lemon prize three times as the driver that is the least cooperative with the press.”
  • I retired next year because I felt I achieved what I wanted. My main achievement in Formula One was getting out alive. You look back and realize how lucky you are.”

What else does he own?

Since Jody Scheckter is from South Africa, he has many cars, a company, farm and properties in Johannesburg. However, he spends most of his time on his farm. He is the only F1 driver who has a farm after retirement.

Jody Scheckter Cars

Jody Scheckter owns several luxury cars. After returning from the UK, he started collecting cars. He considers cars to be the best investments. You can find some of the world’s most expensive cars in his garage. Here is a list of which cars Jody Scheckter owns: 

  • Ferrari 312 T4
  • Tyrrell P34 (6 wheel Tyrrell)
  • Tyrrell 007
  • Wolf WR1
  • McLaren M23
  • McLaren M19
  • McLaren M21
  • Rondel Motul M1
  • Merlyn Mk21
  • Trojan T101
  • Merlyn Mk11a
  • Porsche 91

Jody Scheckter House

Jody Scheckter owns and runs Laverstoke house which is spread over 2,500 acres of rolling Hampshire countryside near Overton. He has property worth $30 million in Johannesburg, South Africa.

Jody Scheckter boat/yacht

Jody Scheckter is a legendary driver. He has a number of cars, but his boat/yacht collection is not listed anywhere.

Jody Scheckter stocks

After he won the World Championship in 1979 driving for Ferrari. His stocks were always high.

Frequently asked questions

How much did Jody Scheckter earn in a year in F1?

Jody Scheckter earned $10 million per year during his time in Formula 1. This made him one of the highest-paid drivers in the sport and helped him to maintain his luxurious lifestyle.

How rich is Jody Scheckter?

Jody Scheckter’s net worth has been estimated at $110 million. He is a retired South African racing driver. He was the 1979 Formula One World Drivers' Champion, driving for Ferrari.

Why is Jody Scheckter so rich?

Jody Scheckter is a former racing driver who enjoyed great success during his career. This success has translated into significant financial wealth, making him one of the richer people in the world.

Where did Jody Scheckter get his money?

He earns a major part of his money from his racing career, which was active from 1972 to 1980. He gets over 78 million dollars as prize money. After retirement, he is earning from his farm.

Is Jody Scheckter a billionaire?

No, he is not a billionaire. His net worth is $110 million, which is increasing every year.

Jody Scheckter net worth, compared to active Formula 1 drivers

Jody Scheckter was one of the top-paid drivers of his time. Now he has a net worth of $110 million. Lewis Hamilton, Fernando Alonso, and Nicholas Latifi are the top rich drivers of the current era. Their net worth is US$285 million, US$260 million, and US$2 billion, respectively.

#Read more about the drivers salary and net worthTeamSalary (USD $)Salary (EUR €)
1Max VerstappenRed Bull$55m€51.67m
2Lewis HamiltonMercedes$35m€32.88m
3Charles LeclercFerrari$24m€22.5m
4Lando NorrisMcLaren$20m€19m
5Carlos SainzFerrari$12m€11.27m
6Sergio PerezRed Bull$10m€9.39m
Valtteri BottasAlfa Romeo$10m€9.39m
8George RussellMercedes$8m€7.5m
9Esteban OconAlpine$6m€5.63m
10Fernando AlonsoAston Martin$5m€4.69m
Pierre GaslyAlpine$5m€4.69m
Kevin MagnussenHaas$5m€4.69m
13Alex AlbonWilliams$3m€2.8m
14Lance StrollAston Martin$2m€1.9m
Nico HulkenbergHaas$2m€1.9m
Oscar PiastriMcLaren$2m€1.9m
Nyck De VriesAlphaTauri$2m€1.9m
Zhou GuanyuAlfa Romeo$2m€1.9m
19Logan SargeantWilliams$1m€950,00
Yuki TsunodaAlphaTauri$1m€950,00

Conclusion

Jody Scheckter is a retired South African racing driver. He was the 1979 Formula One World Champion, driving for Ferrari. After his retirement from full-time racing, he became a businessman. He opened a company named FAT Inc. In recent years, he has found pleasure in working in his own farm.

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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