Mattia Binotto’s Salary and Net Worth in March 2023

Mattia Binotto salary net worth forbes wealth houses cars investments

Known to have brought the team together with his exclusive personality, Mattia Binotto is an Italian engineer and team manager of one of the most famous Formula 1 racing teams, Scuderia Ferrari. 

Born and raised in Lausanne, Switzerland, the 52-year-old passionate team principal has been with Ferrari for the past 26 years. 

In this article we will take a look at Mattia Binotto’s net worth, salary and financials.

Mattia Binotto's net worth 2023

$5.500.000

Mattia Binotto’s net worth is somewhere between $5.500.000, making him a millionaire. He has earned the majority of his wealth thru Formula 1.

 

Mattia Binotto’s financials

Net Worth$5.500.000
Salary from Scuderia Ferrari$3.000.000
Investments

$5.000.000

AssetsNot available

Mattia Binotto's salary 2023

$3.000.000

Mattia Binotto earns $3.000.000 as Ferrari’s team principal. This makes him one of the highest earning Team principals in Formula 1.

Table of Contents

Key takeaways

  • Mattia Binotto completed his early education in Lausanne and did his bachelor’s in mechanical engineering from  École Polytechnique Fédérale de Lausanne in 1994.
  • After completing his master’s from the University of Modena and Reggio Emilia, he joined the Scuderia Ferrari as an internee in 1995.
  • He played a key role as an engineer during the golden era of Ferrari when working alongside Michael Schumacher.
  • On 7th January 2019, he finally reached the top and took the role of team manager of Scuderia Ferrarie. 
  • He aims to create solid foundations by delivering everything he learned during the past 27 years to bring Ferrari back up to the top of the league in F1.
  • Since childhood, he has been an avid Ferrari fan, and during these past years, he has proved his loyalty towards the Italian giants.
  • Mattia Binotto has a networth of $5-6 million USD as being team boss of Ferrari Formula 1. 
Mattia Binotto net worth and salary

Learn more about Mattia Binotto

Mattia Binotto has been with the Ferrari team of Formula 1 racing for the past 27 years, where he started as an internee right after his master’s. He currently manages a team of 1200 people as their Team principal at one of the most famous racing companies.

Full NameMattia Binotto
NationalityItalian
Date of Birth3rd November 1969
Height6.2 ft
Weight70kg
Yearly salary$3.000.000

Family & Early Life

Mattia Binotto was born to Italian parents on 3rd November 1969, in Lausanne, Switzerland. He spent his childhood watching car races with his grandfather, an avid Ferrari fan. Coming from a family of immigrants with roots in Italy, he used to support the Ferrari team as it gave him a sense of national identity.

He completed his early education in Lausanne and did his bachelor’s in mechanical engineering from  École Polytechnique Fédérale de Lausanne in 1994. He later chose to return to his roots, so he went on to do a master’s in automobile engineering at Enzo Ferrari” Engineering Department DIEF in Modena, Italy.

Personal Life

Mattia Binotto is married to Sabina Binotto, who hails from Emilia region in Northern Italy. Mattia Binoto and his wife like to keep their personal life private and don’t disclose much about it to the media. They have two kids, a daughter, Chiara Binotto, and a son, Marco.

Coming from a family of immigrants with roots in Italy, he used to support the Ferrari team as it gave him a sense of national identity.

Career

After completing his master’s from the University of Modena and Reggio Emilia, he joined the  Scuderia Ferrari as an internee in 1995. He continued to be a part of their engine department till 2003, after which he became the head of the trackside Engine department. 

He played a key role as an engineer during the golden era of Ferrari, when working alongside Michael Schumacher, and has witnessed the winning streak of Ferrari by having six consecutive Constructor’s titles from 1999 to 2004.

With his passion and dedication, he was promoted to the in charge of Power Unit operations in 2007 and went on to the position of Head of Engine and KERS Operations in 2009. 

Even as the head of the engine department, he was known to bring the team together by playing football. He used to organize football matches between engineers, drivers, and mechanics in an effort to create positive team dynamics.

Even as the head of the engine department, he was known to bring the team together by playing football. He used to organize football matches between engineers, drivers, and mechanics in an effort to create positive team dynamics.

Continuing his loyalty towards the only team who has competed in all the seasons since the championship started, Binnoto progressed up to becoming deputy head of the Engine and Electronics department in 2013 and later got promoted to Chief Operating Officer (COO).

In July 2016, Mattia Binnota replaced James Allison and became Chief Technical Officer (CTO) of the prestigious Italian racing team, during which Ferarri once more competed for regular race wins and ended a 5-year pole position drought. 

On 7th January 2019, he finally reached the top and took the role of team manager Scuderia Ferrari.

What else does he own?

Now that we know what Andreas Seidl’s net worth is, let’s take a look at how he spends his money. Since Seidl’s net worth is around $6.5 million. 

This allows him to live a comfortable lifestyle and own some impressive assets. Here are some of Andreas’ possessions:

Mattia Binotto cars

Being a passionate Ferrari fan since childhood, Mattia Binotto owns two Ferraris in his garage, Ferrari GTC4Lusso and Ferrari F12, along with a Porsche Cayenne Turbo and an Alfa Romeo Stelvio.

Mattia Binotto houses

He leads a lavish lifestyle with his wife and two children and has a grand house in Modena, Italy. 

Mattia Binotto yacht

The Swiss-Italian team manager of Ferrari likes to keep his personal life private, and there is no record of him owning a boat or yacht.

Mattia Binotto charity work

His main focus has been to bring people together, stand by their side and ask them to learn from their mistakes. He has organized various football matches with Ferrar’s mechanics, F1 car drivers, and engineers for charity.  

Frequently asked questions

How much does Mattia Binotto earn in a year?

Mattia Binotto earns $3 million USD annually as the team principal of Ferrari.

How rich is Mattia Binotto?

The team boss of Ferrari, Mattia Binotto, has a net worth of $5-6million USD.

How is Mattia Binotto so rich?

Being linked with Ferrari since he graduated in 1995, Mattia Binotto first became part of the engine department and ultimately became team principal in 2019, which is the reason for his wealth.

Where did Mattia Binotto get his money?

Having a lifelong career with Formula 1’s Scuderia Ferrari team, Mattia Binotto became team principal in 2019, paying him $3 million USD.

Does Mattia Binotto own part of the Ferrari F1 Team?

Even though Mattia Binotto has been a part of the F1 Ferrari team since the beginning of his career, he does not own any shares in it.

Is Mattia Binotto a billionaire?

Mattia Binotto’s net worth is $5-6 million USD, making him a millionaire, not a billionaire.

Mattia Binotto's salary and net worth compared to other Formula 1 Team Principals:

Here’s a look at the comparison of Mattia Binotto’s salary and net worth with other team principals in Formula 1. Compare all F1 Team Principal salaries and net worths here.

Team PrincipalTeamSalaryNet Worth
Toto WolffMercedes$9.1 million$580 million
Christian HornerRed Bull$10 million$50 million
Mattia BinottoFerrari$3 million
$5-6 million
Andreas SeidlMcLaren$2 million$6.5 million
Otmar SzafnauerAlpine> $1 million> $1 million
Franz TostAlphaTauri< $1 million$1.5 million
Mike KrackAston Martin< $1 million$1 million
Jost CapitoWilliams< $1 million$4-6 million
Frédéric VasseurAlfa Romeo< $1 million> $1 million
Guenther SteinerHaas< $1 million$1-5 million

Conclusion

Having joined Scuderia Ferrari, straight after university, and working in various departments, Mattia Binotto, without a doubt, has dedicated his whole career to them. Even though it has been a long journey for him, he has always been committed and loyal to the Italian race car team. 

On 7th January 2019, he finally reached the top and took the role of team manager of Scuderia Ferrari and now aims to create solid foundations by delivering everything he learned during the past 27 years to bring Ferrari back up to the top of the league in F1.

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