Mario Andretti’s Salary and Net Worth March 2024

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Mario Andretti is an Italian-American race car driver who has competed in various motor races, such as Formula One, IndyCar, World Sportscar Championship and NASCAR. He has single-handedly won all these motorsport competitions, which is why he is known as the man of speed. During his Formula 1 career, he has raced for Lotus, March, and Ferrari. He won the Formula 1 Championship in 1978. Even at 82, his name is among the world’s racing legends.

What is Jody Scheckter net worth?

$ 140.000.000

Mario Andretti is one of the world’s renowned race car drivers. He is an Italian-American who has raced for various teams in Formula 1 and won the World championship in 1978. He has a networth of $140 million, which makes him one of the richest race car drivers in the world.

Net worth$ 140 million
Salary from Lotus

$ 12 million

Investments & Assets

$ 12 million

Assets

 

Loans and liabilities

Mario Andretti salary

$ 12.000.000

Mario Andretti, the 1978 F1 World Champion, earned an estimated salary of $12 million annually. He acquired his wealth on the racing track while racing for various teams and competitions.

Table of Contents

Watch this video to see more about Mario Andretti’s net worth. 

Mario Andretti Endorsements

Mario Andretti’s list of endorsement deals and sponsors is unknown; however, since he has been so successful in his career as a race car driver, it is believed that he had endorsements and sponsorship deals with many big brands. During his career, he earned over $50 million through various endorsement deals.

Key takeaways

  • Mario Gabriele Andretti, and his twin brother, Aldo Andretti, were born on February 28, 1940, in a small town in Croatia.
  • After starting his open-wheel career in the early 60s, he went on to make his Indycar Series debut in 1964. He won the series in 1966 and 1967.
  • He made his F1 debut with Lotus in 1968, making a sensational entry by qualifying in the pole position for the US Grand Prix.
  • In 1976, Andretti returned to Lotus and managed to score a memorable victory in the season’s final race in the Japanese Grand Prix, making it Lotus’s first win in five years.
  • In 1978, Andretti dominated the season and realized a lifelong dream by taking the championship title with six wins. 
  • In the 1982 Italian Grand Prix at Monza, the Italian star took the pole position and finished third in the race, driving the Ferrari 126 Turbo. 
  • During his Formula 1 career, He won 12 races in 128 starts, took 19 podiums, scored 180 career points, and took the World Championship title in 1978.
mario andretti net worth

Learn more about Mario Andretti

The charismatic and passionate Italian, Mario Andretti, is one of the most well-known personalities in the world of motorsports. Hailing from a small town in Italy, he went on to become one of the most successful drivers in the history of the sport. He made his Formula 1 debut in 1968 and won the World Championship in 1978. He won 12 races in 128 starts in F1. During the peak years of his racing career in the 1960s and late 1970s, the Italian was known as one of the sport’s most daring drivers, as well as one of its most colorful personalities.

Full NameMario Gabriele Andretti
NationalityItalian/American
Date of BirthFebruary 28th, 1940
Height5 feet 7 inches
Weight75kg
Salary$ 12.000.000

Early life

Mario Gabriele Andretti, and his twin brother, Aldo Andretti, were born on February 28, 1940, in a small town in Croatia, to parents Alvise Andretti, a farm administrator, and his wife, Rina. The brothers were often found playing with their toy cars and had been passionate about racing since the start. At the age of 13, Andretti had his first racing experience with a new youth racing league, Formula Junior, in Italy. 

In 1955, the Andretti family emigrated to the US and settled in Nazareth. The twins bought a 1948 Hudson Hornet and raced on a nearby dirt track. The boys started competing in local races without involving anyone in the family, winning one race after the other. The family finally learned the truth when his twin, Aldo, ended up in a bad accident, leaving him in a coma for two weeks.  

Early Career

Meanwhile, Mario continued to participate in various competitions across the US, enjoying the success of winning. After starting his open-wheel career in the early 60s, he went on to make his Indycar Series debut in 1964. He won the series in 1966 and 1967. During this time, he also competed in various NASCAR events. He won the Indy 500 in 1969. After seeing his amazing driving skills and spectacular winnings, Andretti was promised a future Formula One drive by Lotus boss Colin Chapman.

Part-Time Formula 1 Career

Colin Chapman gave Andretti a chance to compete for Lotus and wanted him to take a full-time seat, but Andretti wanted to continue competing in the USA and remained racing in F1 from time to time. He made his F1 debut with Lotus in 1968, making a sensational entry by qualifying in the pole position for the US Grand Prix.

For the following four years, he drove for Lotus, March and Ferrari part-time while focusing on his full-time racing career in America. With his first season driving for Ferrari in 1971, Andretti won his first Grand Prix 1971. Three weeks later, at the non-championship Questor Grand Prix in the U.S., he brought the Italian team a second victory, after which they offered him to be their number-one driver. An offer that the Italian declined.

Full-Time Formula 1 Career

(Lotus 1975 – 1980)

He teamed up with the American Parnelli team to compete in a full Formula 1 season in 1975. He scored five championship points in the season, during which he was also taking part in the IndyCar Series, because of which he missed two F1 races of the season. 

In 1976, the Parnelli team pulled out of Formula 1, after which Andretti returned to Lotus and managed to score a memorable victory in the season’s final race in the Japanese Grand Prix, making it Lotus’s first win in five years. 

In 1977 Andretti finally began to achieve the kind of success in Formula One racing that he had in Indy cars, winning four races in the Lotus 78 that he helped develop. He ended the season with third place in the Driver’s Championship. 

In 1978, Andretti dominated the season and realized a lifelong dream by taking the championship title with six wins. 

The following two years were a disappointment, the cars that Lotus was producing were not up to the mark, and he was unable to win any Grand Prix. 

(Alfa Romeo 1981)

In 1981, Andretti decided to move to Alpha Romeo, finishing fourth in the debut race in Long Beach. He was having difficulty coping with the ground effect cars and had an unsuccessful season, after which he left Formula 1 to focus on racing in America once again.

Mario Andretti is one of America’s most successful race car drivers. During his Formula 1 career, he earned an estimated salary of $12 million annually. His net worth is estimated to be $140 million.

Brief Return To Formula 1

In 1982 he made a brief return to Formula 1 for the Williams team and moved on to make a final guest appearance for the Enzo Ferrari team for the final two races. He dropped out from the last race of the season because of suspension failure. However, in the 1982 Italian Grand Prix at Monza, the circuit where a teenage Andretti had first dreamed of being a formula 1 driver, the 42-year-old Italian took the pole position and finished third in the race, driving the Ferrari 126 Turbo.

Highlights

  • He made his F1 debut with Lotus in 1968, making a sensational entry by qualifying in the pole position for the US Grand Prix.
  • Andretti was the winner of the ‘National Association for Stock Car Auto Racing Championship’ in 1968 and 1969.
  • In 1971, he raced for the Formula 1 team, Enzo Ferrari, at the South African Grand Prix. He won the race that year, along with winning the non-championship Questor Grand Prix in the U.S for the Italian team.
  • He teamed up with the American Parnelli team to compete in a full Formula 1 season in 1975.
  • In 1976, he drove for the Chapmans Lotus team and was victorious at the Mount Fuji circuit and the following year; he won the United States Grand Prix West.
  • In 1978, Andretti dominated the season and realized a lifelong dream by taking the championship title with six wins. 
  • In 1981, Andretti decided to move to Alpha Romeo, finishing fourth in the debut race in Long Beach.
  •  In the 1982 Italian Grand Prix at Monza, the Italian star took the pole position and finished third in the race, driving the Ferrari 126 Turbo. 
  • During his Formula 1 career, He won 12 races in 128 starts, took 19 podiums, scored 180 career points, and took the World Championship title in 1978.

Favorite quotes from Mario Andertti

The charismatic Italian, Mario Andretti has said quite a few words of wisdom, throughout his career as a motor racer. Listed below are some of the favorite quotes from the American Italian legend.

  • If everything seems under control, you’re just not going fast enough.
  • If you’re so afraid of failure, you will never succeed. You have to take chances.
  • It is amazing how many drivers, even at the Formula One Level, think that the brakes are for slowing the car down.
  • Unfortunately, we don’t educate drivers enough to be respectful on the road.
  • I see all these old people who don’t have anything to do but eat, drink and sleep. I will never say ‘retired’ because that’s such a finality that I don’t want to be part of my life. I’ll work until they throw me in a box.
  • If you wait, all that happens is that you get older.
  • Desire is the key to motivation, but it’s the determination and commitment to unrelenting pursuit of your goal – a commitment to excellence – that will enable you to attain the success you seek.
  • Do it no matter what. If you believe in it, it is something very honorable. If somebody around you or your family does not understand it, then that’s their problem. But if you do have a passion, an honest passion, just do it.
  • Whenever you’re aggresive, you’re at the edge of mistakes.
  • I count my blessings everyday, quiet honestly, because I take nothing for granted.
  • A goal isn’t something you just arrive at and stop. You have to stay curious and hungry and foolish…
  • I’ve always said, ‘I didn’t have a Plan B in life.’ I was in pursuit of my dream from the very beginning. It’s all about desire and passion. At all costs.

Mario Andretti Personal Life

On November 25, 1961, he tied the knot with Dee Ann, a native of Nazareth. The couple lived together in Bushkill Township, Pennsylvania. They have two sons, Michael and Jeff, who are also racing car drivers. They also have a daughter, Barbie. 

After living together for nearly 57 years, his wife, Dee Ann, his biggest supporter, passed away in 2018, suffering a massive heart attack.

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.

Mario Andretti Achievements

Throughout his career, the Italian star has won many awards. Listed below are some of his achievements.

  • In 1967, 1978 and 1984, he was given the title ‘Driver of the Year’ in the United States.
  • In 1990, his name was inducted into the Motorsports Hall of Fame of America.
  • In 1992, he was bestowed with the title ‘the U.S. Driver of the Quarter Century.
  • In 1996, he was enlisted in the United States National Sprint Car Hall of Fame.
  • In 2000, he conferred the title of ‘Driver of the Century, a title that was given to him by the Associated Press and RACER magazine.
  • In 2001, his name was in the International Motorsports Hall of Fame.
  • On October 23, 2006, he received the Commendatore dell’Ordine al Merito Della Repubblica Italiana, which is the highest civilian award in Italy.

Mario Andretti Facts

Mario Andretti is, without a doubt, one of the most successful racing drivers of all time. Here are some lesser-known facts about him.

  • At the age of 19, this passionate Italian-American car racer made a false driver’s license, claiming that he was a 21-year-old so that he could participate in an amateur racing competition.
  • He and his brother bought a 1948 Hudson together to race in different competitions; out of the first four, each of the twins won two races.
  • He is one of only two drivers that won races in Formula One, IndyCar, NASCAR, and the World Sportscar Championship. 
  • Andretti was the first driver to use slicks tires and completely changed the game for every racer. 
  • In 1993, his son, Michael, was racing in Formula 1, while Andretti was still racing in the IndyCar series. He won the second race of the season in Phoenix and is the oldest to win the series.

What Else Does He Own?

After years of success on the race tracks, he hasn’t slowed down and has launched a number of businesses to support his family and high-revving spirit.

Mario Andretti opened Andretti Winery, along with his friend, Joe Antonini, in California’s Napa Valley in 1996. It is one of the popular destinations for tasting the finest wines.

He also partnered with M.J. Castelo, a former Texaco marketing executive, in 1997 to create Andretti Petroleum. Today, the company, along with related entities, owns 37 gas stations in Northern California.

He has also worked as a Television star in the famous 2006 movie Cars, along with various Ads.

Mario Andretti Cars

Mario Andretti, having raced in many racing competitions, is an avid car lover and owns several exotic cars and luxury vehicles in his garage. He has a 1984 Lamborghini Countach S worth $100,000 and a Lamborghini Murcielago worth $354,000. Some other cars that he owns are

  • 2009 Corvette ZR1 worth $105,000
  • Ferrari 360 Modena priced at $172,900
  • And the spectacular Lamborghini Aventador S is priced at a whopping $500,000 plus.

Mario Andretti House

Mario Andretti, a world-famous Italian-American race car driver, lives in a luxurious mansion in a small and friendly town in Pennsylvania, Northampton County. The 18,000 square feet house features a swimming pool, game room, and a luscious garden. The architecture of the mansion is built with impeccable craftsmanship, making it perfect for a modern and lavish lifestyle.

Mario Andretti Boat/Yacht

Mario Andretti, a renowned race car driver who has a passion for speed, got a custom-made 1994 40’ Apache Race Pleasure yacht made for himself. The yacht was built according to his requirements, including a race car steering wheel.

He is also the proud owner of an Apache 38, which he enjoys time away from racing. Twin 500 HP MerCruiser engines power the boat. Andretti considers his Apache “…the best in his fleet.”

Mario Andretti Charity

Mario Andretti is considered one of the most successful Americans in the history of motorsports. He has contributed his wealth to many charities and NGOs, including being the driving force for the Children’s Museum in the new Perot Museum of Nature & Science Museum and Speedway Children’s Charities at Texas Motor Speedway.

Frequently asked questions

How much did Mario Andretti earn in a year in F1?

Mario Andretti is one of America’s most successful race car drivers. During his Formula 1 career, he earned an estimated salary of $12 million annually. His net worth is estimated to be $140 million.

How rich is Mario Andretti?

Mario Andretti is a world-famous race car driver who has raced in several racing competitions, including Formula One, IndyCar, World Sportscar Championship and NASCAR. He has a networth of $140 million, making him one of the richest race car drivers in the world.

Why is Mario Andretti so rich?

Mario Andretti is an Italian-American former race car driver who is one of two drivers to have won races in Formula One, IndyCar, NASCAR, and the World Sportscar Championship. He has a net worth of $140 million. He has acquired most of his wealth on the race track and through endorsements.

Where did Mario Andretti get his money?

Mario Andretti is one of the most successful motor racers in the world. He has a net worth of $140 million, which he has earned through several sponsorships as well as through his career as a race car driver.

Is Mario Andretti a billionaire?

Mario Andretti has an estimated net worth of $140 million, making him one of the wealthiest racing drivers in the world. However, he is not a billionaire.

Jody Scheckter net worth, compared to active Formula 1 drivers

Mario Andretti an Italian American racing legend who has a networth of $140 million. Compared to the net worth of active Formula 1 drivers, his net worth is on the higher end, with Sergio Perez’s net worth being $30 million and Daniel Ricciardo’s being $90 million. However, Andretti’s net worth is lower than Max Verstappen’s and Lewis Hamilton’s net worth of $250 million and $285 million simultaneously.

#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

Mario Andretti net worth compared to former Formula 1 drivers

Mario Andretti, one of the most successful drivers in the history of motorsports, has a networth of $140 million, making him one of the wealthiest drivers in the world. He has a higher net worth when compared to former F1 drivers David Coulthard, Nigel Mansell, Sebastian Vettel and three-time F1 World Driver Champion Niki Lauda. They all have net worths ranging from $80 million to $100 million. However, his net worth is slightly lower than Jenson Button’s and Kimi Raikkonen’s, which both have a networth of $150 million. If we compare Andretti’s networth to the Formula 1 legend, Michael Schumacher, his net worth is pretty low since Schumacher has a whooping net worth of over $800 million.

Conclusion

Mario Andretti is an Italian-born American former racing driver who is considered one of the most successful drivers in the history of motorsports. Andretti is among the only two drivers to have won races in Formula One, IndyCar, NASCAR, and World Sportscar Championship. He made his Formula 1 debut in 1968 and won the World Championship in 1978. He has won so many different races in various competitions throughout his career, and his name has become synonymous with speed, making him a true legend.

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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