Mike Krack is a Luxembourgish motorsports engineer born on the 18th of March in 1972. In the past, he has held positions as the Head of Engineering, Operations, and Organization for Racing and Testing at BMW, as well as the Chief Engineer for BMW Sauber F1 and the Head of Track Engineering for the Porsche World Endurance Championship team. He is currently appointed as the new head of Aston Martin team.
So, it’s safe to say that Mike Krack has had a long and successful career in the world of motorsports. But what exactly is his net worth and how much does he earn?
In this article, we’ll take a look at Mike Krack’s salary and net worth in October 2022, as well as how he’s made his money.
Mike Krack net worth 2024
$1.000.000
- Net worth was last updated:
Mike Krack has an estimated net worth of $1 million. The majority of Krack’s wealth comes from his years working in the motorsports industry, both as an engineer and a team manager.
 Key statistics |  |
| Net Worth | $1.000.000 |
| Salary from AlphaTauri | <$1.000.000 |
| Assets | – |
| Loans and liabilities | – |
Mike Krack salary 2024
<$1.000.000
- The salary was last updated:
Mike Krack is currently working as a team principal of Aston Martin. Krack was confirmed as the Team Principal of the Aston Martin F1 Team on January 14, 2022.
Table of Contents
Key takeaways
Here are some key aspects that you should know regarding Mike Krack’s overall wealth:
- Mike Krack has a net worth of $1 million.
- The majority of his wealth comes from his years working in the motorsports industry, both as an engineer and a team manager.
- He has worked with notable teams such as BMW, Sauber, and Porsche.
- Krack is currently the team principal of Aston Martin.
-  Mike Krack’s salary from Aston Martin is unknown but is likely to be less than $1 million per year.Â
- Krack’s investments and assets are unknown.
Lean more about Mike Krack
Now that we know more about Mike Krack’s net worth, let’s learn more about the man himself and take a look at his career in the motorsports industry.
| Full Name | Mike Krack |
| Nationality | Luxembourgish |
| Date of Birth | March 18th, 1972 |
| Height | – |
| Weight | 70kg |
| Yearly salary | <$1.000.000 |
Early life
Mike Krack was born in 1972 in Bavaria, Germany, to his parents. As of 2022, Mike Krack is 50 years old. Mike Krack attended a prominent engineering school. Mike Krack was a huge BMW lover and always needed to work with BMW. Mike Krack’s mother and father have always been supportive of his career. Eventually, Mike Krack became an engineer and started working with BMW.
Career
Krack is a German engineer who has worked in the motorsports industry for over two decades. He began his career working as a test engineer for BMW in 1998. In 2010, he was promoted to chief engineer of BMW’s DTM racing team.
He left BMW in 2012 to join Porsche’s World Endurance Championship team as head of track engineering. In 2014, he was promoted to chief operating engineer of Porsche’s motorsport division. He left Porsche in 2018 to join the Aston Martin F1 team as head of race and test engineering. In January 2022, he was appointed team principal of Aston Martin.
Family
Mike Krack is a private person and not much is known about his personal life. It is believed that he is married but no further information is available about his wife or any children.
Krack is a car enthusiast and likely owns multiple luxury cars. Some of the brands that he has been spotted driving include BMW, Porsche, and Aston Martin. Since Krack is the team principal of Aston Martin, it's likely that he owns at least one car from the brand.
What Else Does He Own?
Now that we know all about Mike Krack’s net worth, let’s take a look at what else the motorsports engineer owns.
Mike Krack cars
Krack is a car enthusiast and likely owns multiple luxury cars. Some of the brands that he has been spotted driving include BMW, Porsche, and Aston Martin. Since Krack is the team principal of Aston Martin, it’s likely that he owns at least one car from the brand.
Mike Krack house
Since Krack is based in the United Kingdom, it’s likely that he owns a house there. The exact location and value of his property are unknown.
Frequently asked questions
How much does Mike Krack earn in a year?
How rich is Mike Krack?
How is Mike Krack so rich?
Where did Mike Krack get his money?
How much does Mike Krack own the Aston Martin F1 Team?
Is Mike Krack a billionaire?
Mike Krack salary and net worth compared to other Team Principals in Formula 1
If we compare Mike Krack’s salary and net worth to other team principals in Formula 1, we can see that he is not the highest paid or the wealthiest. However, he is still doing quite well for himself.Â
In terms of salary, Mike Krack falls somewhere in the middle of the pack. And in terms of net worth, he is towards the lower end but still has a decent amount of wealth. So overall, we can say that Mike Krack is doing quite well for himself but he is not the richest or the highest paid team principal in Formula 1.
| Team principal | Team | Salary | |
|---|---|---|---|
| 1 | Toto Wolff | Mercedes | $8,000,000 |
| 2 | Christian Horner | Red Bull | $10,000,000 |
| 3 | Frederic Vasseur | Ferrari | $7,600,000 |
| 4 | Andrea Stella | McLaren | $7,600,000 |
| 5 | Alessandro Alunni Bravi | Alfra Romeo (Sauber) | $1,000,000 |
| 6 | Bruno Famin | Alpine | $1,000,000 |
| 7 | Mike Krack | Aston Martin | $1,000,000 |
| 8 | Guenther Steiner | Haas | $1,000,000 |
| 9 | Laurent Mekies | Alpha Tauri | $1,000,000 |
| 10 | James Vowles | Williams | <$1,000,000 |
Conclusion
So there you have it, everything you need to know about Mike Krack’s net worth in October 2022. The German engineer has amassed a fortune working in the motorsports industry and is currently the team principal of Aston Martin. He is surely living a luxurious lifestyle with all of his investments and assets. We wish him the best of luck in his future endeavors!
Article sources
Disclaimer: Figures and information have been collected from various sources around the web. We try to do a careful job when it comes to reporting sources and also to be critical of which sources we use. We cannot guarantee that all figures are correct.
